Binance one of the top tier centralized exchanges list valuable digital assets for market participants.
While at the same time, the world's popular exchange delist some of these digital assets from their platform.
This move should always trigger your attention as a market participant.
Why?
You maybe investing in to a low quality digital asset, which will downgrade your portfolio.
This is because, Binance review's these digital assets before delisting, considering these assets are not more valuable per their review criteria. The review list from Binance is a clear sign to revisit your portfolio.
1- Commitment of team to project
2- Level and quality of development activity
3- Trading volume and liquidity
4- Stability and safety of network from attacks
5- Network / smart contract stability
6- Level of public communication
7- Responsiveness to our periodic due diligence requests
8- Evidence of unethical/fraudulent conduct or negligence
9- New regulatory requirements
10- Contribution to a healthy and sustainable crypto ecosystem
Digital assets within the above mentioned review should be considered death if you value your money as they all likely have low profitability on your capital. As stated by Binance;
Based on our most recent reviews, we have decided to delist and cease trading on all trading pairs for the following token(s) at 2024-02-20 03:00 (UTC):
Aragon (ANT)
Multichain (MULTI)
Vai (VAI)
Monero (XMR)
While death digital assets exist, knowing them is not as easy as you may think, with Binance's review mechanism it's worthwhile identifying low-value projects.
Also, RootData is a visual data source to research death projects and CryptoMiso publish data about GitHub commits on projects.
CryptoMiso is a reliable source for due diligence when investing in digital assets for open source projects as you will have a clear knowledge about project development from developer activity.
Certik also provide data for developer activity on projects making it a reliable source for your fundamental analysis.
This criteria Binance used to review projects is well suited for a broker, as certain information can not be accessed by market participants. So it's worthwhile to follow their news channels for such informations. To the Best of my knowledge, I'd Get rid of those assets.
Cheers ✍️🙏
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