Binance announced that it will delist the privacy coin XMR, cross-chain bridge coins MULTI, Aragon (ANT) and Vai (VAI) on the morning of February 20. These agreements once attracted much attention, but are now forced to withdraw from the market due to various reasons.
The privacy coin Monero (XMR) is an early currency with the 33rd largest market value, but regulatory issues have made it increasingly difficult for privacy coins to be widely accepted. Some countries, such as Japan, France, Poland and Spain, have banned the listing of privacy protocol coins.
The cross-chain bridge currency MULTI has been attacked by hackers many times. The founder was arrested by the Chinese police last year, resulting in the inability to withdraw some assets.
Aragon (ANT) is a foundational protocol for the first generation of DAOs, aiming to facilitate the modular establishment of decentralized organizations and provide tools for their management. However, due to the involvement of radical investors in Its decentralized governance, as well as internal conflicts and legal disputes, up to $75 million has been withdrawn from its ecosystem.
VAI, the synthetic asset stablecoin launched by Venus, is the largest lending agreement on the Binance chain. Its original design intention is to allow Venus's collateral to lend a certain proportion of the stable currency VAI to realize the utilization of funds. However, despite its market capitalization reaching $6.47 million, the product does not appear to be widely used and adopted.
Binance stated that delisting is usually based on review for the following reasons:
The team’s commitment to the project
project Level and quality of advancement
Transaction volume and liquidity
Stability of the network/smart contract
Community Maintenance
Positiveness to respond to Binance’s regular reviews
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