Binance deletes 14 tokens from its platform from April 16

Binance is about to remove 14 cryptocurrencies, causing market turmoil!

Binance, the world's leading cryptocurrency exchange, announced that it will remove 14 cryptocurrencies on April 16. The move is the result of the Binance community vote and reflects the exchange's new project screening criteria, aiming to improve the overall quality of the platform.

This major change marks a transformation in Binance’s strategy, focusing more on the actual performance and long-term value of the project. The 14 tokens to be removed include: Badger (BADGER), Balancer (BAL), Beta Finance (BETA), Cream Finance (CREAM), Cortex (CTXF), Aelf (ELF), Firo (FIRO), Kava Lend (HARD), NULS (NULS), Prosper (PROS), Status (SNT), TROY (TROY), UniLend (UFT), and VIDT DAO (vidt).

The decision to remove the shelves is based on the following standards: (The specific standards mentioned in the original text should be added here, because this part of the content is missing from the original text)

The move could lead to a sharp drop in the prices of these cryptocurrencies, which has become common after similar announcements were released.

At the same time, this also means the end of the era of "bad money driving out good money". Projects need to demonstrate their value, reliability and compliance in order to survive and continue to trade on Binance in a changing global regulatory environment.

Binance's move also reflects its emphasis on community input and strengthens its project evaluation process, aiming to balance decentralized innovation with responsible governance. The Binance community has recently played an important role in discovering crypto fraudsters within the platform.

Previously, Binance has launched 4 cryptocurrencies through the "vote listing" mechanism, and this removal was carried out through the "vote listing" mechanism. For large crypto trading platforms, this community-engaged decision-making model may become a future trend.

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