By On 30 September 2019, Binance announced on their official blog, that they would remove and stop trading a total of 30 trading pairs, amongst them BTT, in response to requests made by many project teams.
In their announcement, the cryptocurrency exchange platform said this move aims at improving liquidity and user-trading experience for other assets on their trading platform.
Pairs Delisted by Binance
Binance posted the full list of delisted trading pairs as:
ANKR/PAX, ANKR/TUSD, ANKR/USDC, BCPT/PAX, BCPT/TUSD, BCPT/USDC, BTT/BTC, DENT/BTC, DOGE/PAX, DOGE/USDC, ERD/PAX, ERD/USDC, FTM/PAX, FTM/TUSD, FUEL/ETH, GTO/PAX, GTO/TUSD, GTO/USDC, LUN/ETH, NCASH/BNB, NPXS/BTC, ONE/PAX, ONE/TUSD, PHB/PAX, PHB/USDC, TFUEL/PAX, TFUEL/TUSD, TFUEL/USDC, WAVES/PAX, WIN/BTC.
Binance delisting BTT comes as a big shock. Just eight months back, Binance had announced the official listing of the token in March 2019 for three trading pairs, BTT/BTC, BTT/USDT, and BTT/
Binance started with a complete distribution of BTT to all users on Binance Launchpad. Binance also made an Airdrop of 5,000 BTT to eligible Binance Launchpad users who did not succeed in buying the tokens.
Shortly after the launch, BTT received a lukewarm reception from Binance users. Some Claims arose on twitter doubting its legitimacy and fearing that it could just be another scam like BitConnect, the biggest scam yet, involving cryptocurrency.
Other Coins Delisted by Binance
Binance global cryptocurrency exchange was founded in 2017 and has been the favorable grounds to trade crypto for more than 100 cryptocurrencies. It has since gained a strong trading volume and a good reputation in the cryptocurrency exchange circles. So far, Binance has delisted close to 17 coins.
In February 2019, Binance announced their decision to delist five coins, CloakCoin, Modum, Salt, Substratum, and Wings. Binance said it considers three factors before making this decision; level and quality of development activity, level of public communication, and contribution to a healthy and sustainable crypto ecosystem.
In April 2019, Binance again dropped Bitcoin SV (BCHSV). Binance listed several criteria for choosing to delist a digital asset including, Project commitment from the team, level, and quality of development activity and network/smart contract stability.
Most delisted digital assets suffer a loss of more than 20% after being delisted by Binance on the announcement day. Delisted tokens like CloakCoin, Substratum, and Modum dropped by over 25% percent within hours.
About BitTorrent (BTT)
BitTorrent allows content creators to earn, spend cryptocurrency, and connect with their audience without using an intermediary. BitTorrent (BTT) is built to enable faster speed on the Tron blockchain, the largest decentralized application in the world.
BTT token powers BTT Speed, which in turn increases BitTorrent protocol’s efficiency. Users can bid their BTT tokens for faster downloads, store them in built-in wallets and be able to exchange them for TRON tokens (TRX) through a crypto exchange platform.
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