Coinomi Crypto Exchange Drops Gulden (NLG) Token Due to NLG’s Latest Update Issues

Coinomi Cryptocurrency Exchange Delists Gulden (NLG) Token Due to NLG’s Latest Update Issues

Another day another scandal in the cryptocurrency field as Coinomi cryptocurrency exchange delisted Gulden (NLG) after the latest update of the NLG coin affected the Coinomi servers. As reported on the Coinomi blog, the update broke the Electrum server integration for third party wallets such as Coinomi.

The crypto exchange called on for assistance from the Gulden development team on their GitHub pages raising a complaint on the update issue. The complaint was met with fierce responses and harsh comments towards the exchange and no action was taken towards solving the problem. Offensive replies to the Coinomi team on their Support page also hastened the decision to delist the cryptocurrency.

The situation escalated after the complaint by Coinomi was tagged “off-topic” by the GitHub communications team at Gulden. In addition to this, the complaint was closed and the replies, deemed offensive by Coinomi, removed from the NLG GitHub page.

Due to the behavior displayed by the response team at Gulden coupled with the effects of the update on Coinomi, a decision was reached to delist the coin from the exchange in the first week of October 2018. The investors who hold Coinomi have been requested by the exchange team to send their NLG to Gulden's own wallet (which they deemed “sufficient” in their correspondence) or to an exchange to trade it into different coins.

Users have been advised to move their NLG coins from Coinomi Exchange to prevent the hard transfer of these coins once the deadline is reached.

The latest delisting of NLG from Coinomi crypto exchange in no way means that the coin will also suffer the same fate from wallets. Actually, once a coin is delisted, users are advised to find another compatible wallet and move the tokens there. This keeps your tokens safe.

The NLG coins that will not be moved once the delisting occurs will remain on the exchange as Coinomi offers the traders full control of the tokens they own. They can later transfer or sell the tokens once the NLG servers are taken offline. The users will need to extract the private keys of the addresses where you have coins, and import/sweep them into an official desktop* NLG wallet.