In accordance with the recent announcement by Binance US, Aragon (ANT) and Waves (WAVES) will be delisted effective March 7. Waves, in particular, has witnessed a significant downturn from its peak amidst rumors of team-driven price inflation, subsequently failing to rebound as anticipated. Binance issued the following statement:

“In an ever-evolving landscape, our oversight of digital assets is attuned to market dynamics and regulatory shifts. Should a cryptocurrency no longer meet our stringent criteria or should industry conditions shift, we conduct a comprehensive assessment of the asset in question to determine the need for further action, including delisting.

Binance Adds Newly Listed Altcoin to Futures

Deposits for Aragon (ANT) and Waves (WAVES) will be halted by March 6, 2024, with trading pairs being removed on March 7. We extend our gratitude for your ongoing support as we endeavor to cultivate the crypto ecosystem, prioritizing security, transparency, and sustainable growth in the long term.”

The post Binance US Decided to Delist Two Altcoins! appeared first on Coin Engineer.

In a statement on Thursday, the project said the Aragon Association will liquidate its 86.343 ETH (155 million $) treasury, thereby users can use each ANT token for 0.0025376 ETH.

Users will have until November 2, 2024 to exchange their tokens. After being exchanged, all ANT tokens will be burned, as “there’s no point in holding onto ANT from now on.” said.

The company said in a statement that “AA has reached the best payback rate it can get for all ANT holders by determining the most suitable and tax efficient way to continue and protect the project. This decision could not be put to a public vote due to legal restrictions.”

The Association will also retain a 11 million dollar fund to cover the unpaid costs needed for its distribution and to take measures against regulatory uncertainty. If there are unused funds after termination, the ‘new product-focused structure‘ will use them to finance its operations.

You might like: Coinbase Announces Q3 Earnings Report!

Disappointment

Aragon DAO members considered legal action against the Aragon Association due to disputes over the ETH treasury and transparency of the establishment. The Aragon Association had promised to deliver the treasury in DAO’s voting by November 2022, but failed to do so.

The Association also serves as legal representative of the Aragon project, a platform that assists in the development and management of decentralized autonomous organizations.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Aragon Association Will Dissolve Itself! appeared first on Coin Engineer.