Poloniex Crypto Exchange To Toss 8 Tokens Away (BTCD, BTM, EMC2, GRC, NEOS, POT, VRC, XBC)

The Poloniex team is constantly working to make their exchange perform at the best possible efficiency for customers. Sometimes, that includes letting go of some of the assets that are weighing down the ecosystem. In this case, Poloniex has announced their intention to delist 8 assets by September 25th on Twitter.

They retweeted this post to add directions for customers, which said,

Their blog was posted on Circle, which said that the company hopes that the delisting will help make this process fairly easy for users. They noted that their three goals were always to offer a 7-day notice before delisting, offer 30 days to withdraw funds, and offer many different forms of communication prior to the last available day.

However, Poloniex is prepared for customers, if the wallet is not available for the entire time. They plan to push off the deadline to ensure that the users have a full 30 days to make their transactions. As for moments that are out of Poloniex’s control, like when the network is not active, they have a plan still. The Circle post says,

“In these situations, we will secure the delisted funds in cold storage for a reasonable period with the potential to online the funds and allow customers to withdraw should the network become operational again. We will handle these scenarios, which we recognize can be frustrating for customers, case by case.”

After the deadline closes, there will be no way to make withdrawals, which makes it so important for customers to retrieve their tokens while they can. As part of being delisted, users will no longer be able to transact or withdraw the applicable coins.

To learn more about the delisting, users can visit the official Help Center on Poloniex.com.

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