• Binance.US, the United States-based unit of the cryptocurrency exchange Binance, has decided to delist Helium (HNT) and JasmyCoin (JASMY) tokens from its platform starting 21 March.
• The decision was taken after an in-depth review of existing assets, with the delisting of HNT trading pairs in particular being based on Helium’s migration to Solana.
• Despite their disappointment with Binance.US’s decision, the Helium Foundation will continue to communicate with the exchange and encourage users to regain control of their HNT using the open-source Helium Wallet app or switch to another platform supporting trading pairs for HNT.
Binance US Delists Helium (HNT) and JasmyCoin (JASMY)
Binance.US, the United States-based unit of the cryptocurrency exchange Binance, has announced that it will be delisting both Helium (HNT) and JasmyCoin (JASMY) tokens from its platform beginning 21 March 2021. This decision came after a thorough evaluation process of all current assets available on its platform.
Reason for Delisting
The primary reason for delisting HNT trading pairs is due to Helium’s migration to Solana. As such, users won’t be able to access these tokens anymore on Binance US starting 21 March 2021.
Helium Foundation Response
The Helium Foundation responded by expressing extreme disappointment with this decision while also committing itself towards communication with Binance US in order to inform them about their network goals and future growth plans. They also encouraged users to regain control of their HNT using the free, open-source Helium Wallet app or alternatively switch over to one of more than 20 other platforms which still support these trading pairs.
Benefits After Migration
The team at Helium highlighted several benefits that would come about as a result of this migration; most notably it would accelerate network usefulness as well as focus resources towards achieving their goal of providing a cost effective communication layer for all users and gadgets connected through it. Additionally, native subDAO token redemption will now be available within Solana’s DeFi platform right after this migrations takes place along with other integrations related thereto; furthermore this will also open up even more decentralized exchanges platforms for HNT holders too.
Previous Incidents Involving HNT
In October 2020, Binance had removed HNT tokens off its main platform which was strongly protested by Scott Sigel who serves as COO at the foundation; he stated that there had been no change in terms if integrity associated with HNt thereby meeting all standards set out by exchanges but hope that they could reverse course and re-list it again soon enough