27 Apr 2021 - 19:21:32
OKM COIN will be delisted from 1 June 2021 at 0000 hrs. The delisting is due to one or more mentioned factors below.
Delisting is the removal of an asset from an exchange. It can happen either as a request from the project team or, resulting from the asset’s team or the asset itself no longer upholding the listing requirements provided by the exchange. There are numerous factors that could go into the decision for an exchange to delist an asset. Some of these factors are listed below:
Overall team commitment to the project
Quality and level of development activity
Project network and/or smart contract stability
Level of public communication from the project team
Responsiveness to due diligence requests from an exchange
Evidence of unethical or fraudulent behavior
Whether the project is contributing to a healthy, sustainable blockchain and cryptocurrency ecosystem
Other reasons, for which the exchange deems conducting business with the project unacceptable or risky
When an asset gets delisted from an exchange, all of its trading pairs are removed. The asset can still potentially be traded on other exchanges (such as decentralized exchanges), or through over the counter trading (OTC), but trading activity on the exchange that delisted that asset will cease. After the trading pairs associated with the delisted asset are removed, the assets withdrawals from the exchange will remain open for a specified period of time after the delisting. This way, users have the option to withdraw their existing funds kept on the exchange even though trading is no longer available on the platform.