Poloniex Removes Six Altcoins; STEEM, GAME, LBRY, NAV, PASC and CLAM
The cryptocurrency exchange Poloniex has delisted six altcoins from its platform. The tokens that were delisted are GameCredits (GAME), LBRY Credits (LBC), Steem (STEEM), Clams (CLAM), Pascal (PASC) and Navcoin (NAV).
Poloniex announced that it would delist these assets via an email that was sent to all the users who hold at least one of these assets. According to the official announcement, the six tokens are set to be disabled by October 15. After that, no trading will be allowed and all remaining orders will be canceled.
Withdrawals can be done until October 28 for LBC and until November 15 for the other five assets. It is important that all users withdraw their assets before the deadlines, the company urged. To do it, someone needs to have a balance greater than the minimum required fees for moving the assets. All assets that were left with the company will be lost.
In order to withdraw the cryptos, the client has to log in, visit the Balances page, choose the right asset and then provide a crypto address to move the currency there. The address obviously needs to be of an outside wallet.
Delisting assets is far from uncommon and it happens frequently, as many altcoins have lost a lot of their value and never regained it again. The greater dominance of Bitcoin recently is proof that many assets have still not recovered.
Binance, for instance, removed 30 trading pairs from its list. Some of the pairs were launched via the Binance Launchpad, curiously, meaning that they did not fare so well after the launch.