Bittrex and UPbit Crypto Exchanges Both Remove SALT and Wings’ DAO Token Trading Options
With the crypto market evolving at a rapid rate with each passing day, trading platforms are now becoming more stringent with their security protocols and quality control measures. For example, Binance recently delisted a total of five altcoins (namely CLOAK, MOD, SALT, SUB, and WINGS) which their core dev team deemed to have been indulging in illicit activities.
In this regard, it now appears as though Bittrex and UPbit too are following Binance’s footsteps and are planning to de-list Salt [SALT] and Wings- DAO [WINGS] from their platforms’ as well.
More On The Matter
Via a recent blog post released by UPbit in relation to the delisting of WINGS, a spokesperson for the firm noted that the project not only had a very small number of users/ community backers but its executive brass was also making use of questionable marketing tactics to promote the offering.
“Wings Dao is a project based on the Big Data-based Cryptographic Pricing Forecast Market, but currently it is impossible to build data based on less than 2 participants per day of service and it is not possible to operate the product. In addition, efforts to promote business at the project team level are weak. We have designated it as an investment interest stock.”
Similarly, the reason cited for SALT’s potential delisting is the project’s ongoing investigation by local financial authorities. It is being widely reported that the project’s founders have indulged in the unfair distribution of tokens.
In closing out this piece, it is worth remembering that Binance recently released a statement saying that tokens that are delisted from its platform are done so on grounds related to their
“quality of development activity”.
SALT has been delisted by a total of (at least) 12 exchanges— thus making its availability extremely scarce. However, WINGS is currently available on four crypto trading platforms.