Tag: Token

Binance.US unveils new token listing policy, with SUI under evaluation

Binance.US introduces a transparent pre-announcement strategy for potential asset listings, with Sui token currently under evaluation. Leading crypto exchange Binance.US is introducing a novel approach to how it selects digital assets for listing on its trading platform. The platform has shifted towards pre-announcing certain tokens that it is actively evaluating for potential listing. This change aims to bring enhanced clarity and forward visibility to both the user community and the broader market. The selection process isn’t arbitrary; it’s based on an array of analytical factors. Among these are anticipated trading…

Flare Network Will Burn 2% of Total Token Supply to Support Ecosystem

“We are very happy to have reached an agreement with our shareholders and thank them for their support,” Hugo Philion, CEO and co-founder of Flare, said in a statement. “Without this burn, the investors would be able to claim approximately 3x their original allocation through the FlareDrops, unfairly diluting community holdings.” Source BurnEcosystemFlareNetworkSupplySupportTokenTotal CryptoX Portal

TWT Token Registers 20% Gains As Crypto Market Slumps

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Trust Wallet Token (TWT) seems untouched by the crypto market decline, holding a nearly 20% seven-day gain while top coins recede. After finding support at $0.79, it rallied above the $0.94 resistance, flipping it to a new support level today.  The Trust Wallet Extension update on Chrome might be driving its price gains in the past week. Due to the update, users can now enjoy the full features of Trust Wallet integrated with their Chrome browser. Such ease of access may have boosted the use of TWT, thereby pushing its demand and…

Binance Faces Scrutiny Over Alleged ICO Missteps And Token Distribution Discrepancies

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Binance, the world’s largest cryptocurrency exchange, is currently grappling with challenges that have raised concerns about its credibility and market performance.  Recent reports by Forbes shed light on Binance’s initial coin offering (ICO) and the subsequent distribution of its native cryptocurrency, Binance Coin (BNB).  Behind The Curtain The investigation reveals allegations of undisclosed token retention, discrepancies in the ICO process, and the accumulation of a significant token reserve by Binance.  Per the report, in June 2017, Binance initiated its ICO, aiming to raise $15 million by selling 100 million BNB…

OX token value craters after co-founder’s arrest triggers uncertainty

Open Exchange’s (OPNX) native currency crashed on the heels of co-founder Su Zhu’s arrest. OX token value craters When Zhu was apprehended in Singpaore, it triggered a massive wave of sell pressure, resulting in a steep decline in the value of OX tokens. According to Alphanomics, approximately $1 million worth of OX tokens were hastily dumped by token holders in the days following the news. As a result, OX tokens dropped to as low as $0.010. While a minor recovery has occurred since the initial crash, the token’s value remains…