Gemini Exchange to Delist Four Tokens: LUNC ( Terra Classic), SNX (Synthetix), QRDO, and ZBC (Zebec Protocol)

The proprietary coin used on the Terra blockchain is LUNA or Terra Classic. Of course, Terra made a huge case in the crypto space due to its algorithmic stablecoin, UST. But UST dipped; its downfall was that of Terra's.

Gemini crypto exchange has announced plans to potentially delist four cryptocurrencies from its platform due to low trading volumes and a lack of interest from investors.

The exchange has earmarked LUNC (Terra Classic), SNX (Synthetix), QRDO (Qredo), and ZBC (Zebec Protocol) for potential delisting. If the exchange decides to go ahead with the move, the final trading day for these assets will be March 15. After this date, the assets will no longer be available for trading on the platform.

Here's a brief overview of each cryptocurrency and the reasons behind Gemini's decision:

LUNC (Terra Classic) is the proprietary coin used on the Terra blockchain. Of course, you'll know that Terra made a huge case in the crypto space due to its algorithmic stablecoin, UST. But, as we know, UST dipped; its downfall was that of Terra's. It was unable to keep its balance, which caused irreparable damage to the reputation and value of LUNA. Although it is pegged by re-attempts at revival, the market position of LUNA did not resurrect, which was reflected in the huge drop in both trading volumes and investor interest.

SNX (Synthetix) is the native token to Synthetix, a DeFi platform for exchanging synthetic assets. It was among the first projects operating in the DeFi space that allowed users to trade derivatives as well as other financial instruments in a truly decentralized manner. Over time, however, SNX has succumbed to falling liquidity and volumes. Most likely, the decline in market activity led to Gemini's decision to carry out the potential delisting of the token.

An in-house Qredo Network token providing decentralized custody, liquidity, and settlements, Qredo was able to gain great interest in the crypto space by providing an aggressive approach towards DeFi and the Digital Asset management space. The QRDO token has so far failed to gain wider recognition and failed to experience any significant trading activity on the big exchanges. As a result, dull performance landed it on the list of Gemini exchanges for potential delisting.

Finally, we have ZBC (Zebec Protocol), which is a token for Zebec Protocol, a continuous settlement protocol built for real-time and continuous streams of payments. If anything much will change payment systems, it will be the eventual tech that Zebec develops with instant and continuous transactions. But, like QRDO, the ZBC has been unable to attract market attention and trading volume, so Gemini will carry out the potential delisting of the token.

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