Bitget removes tokenfi (token) from the innovation zone
Bitget removes tokenfi (token) from the innovation zone
- Bitget has announced the delisting of TOKENFI (token), the token of an asset tokenization platform. launched by Floki
- The stock exchange accumulates the team behind token potential market manipulation and an opaque vesting time plan.
- The price of token was $ 0.01806395 at the time of the writing of this article and has increased by 258 % in the last 24 hours.
Bitget has announced the delisting of TOKENFI (token), the tokenization platform that was recently launched by the team behind the Meme cryptocurrency floki.
The price of token on stock exchanges is currently $ 0.01806395, which corresponds to an increase of about 258 % in the last 24 hours. Bitget announced the listing of tokenfi on October 27th.
Why did Bitget take token from the list?
according to information in a The decision to take from the list on Tuesday, October 31, token is in connection with possible market manipulation by the project team.
" after the start of the TOKENFI (TOKEN) trade service was found. It was also found that the project team only added to the value of less than $ 2,000 and market manipulation was suspected by malicious liquidity. wrote.
In addition to the allegation of market manipulation through malicious liquidity compression, the stock exchange also pointed out other possible problems in connection with tokenfi. This includes an opaque token economy and a non-open vesting time plan.
token refurbishment started
bitget not only has the deposit and trade with tokenfi (token) on October 31, but also canceled all outstanding orders.
The stock exchange also announced a token surrender program that is to be implemented before November 7th and provides for an automatic exchange of token in USt.
" to take responsibility for our users, Bitget has decided to take tokenfi (token) off the list after extensive consideration and to start a buyback plan for users who have the token on bitge t," added the crypto exchange.
The swap price is 1 token = 0.00605002 USDT, which is based on the highest closing price of the token in the five days after the trading zone.
Source: Coinlist.me