Get These Altcoins Out of Poloniex Before they are “Permanently” Lost

Must Read

Gen2 Technologies’ Iris Media Network Signs Up Colin Garrett Racing

SPARKS, Nev., April 14, 2021 /PRNewswire/ -- Gen2 Technologies Inc. (the "Company") (OTC: MNIZ) is pleased to...

Ethereum Blockchain: Current news and prediction round the future

 Ethereum is more sheltered than you may think, but by means of a decentralized app or exchange that hasn't...

Racing For Heroes selects Gen2 Technologies as a Key Technology Partner

SPARKS, Nev., April 7, 2021 /PRNewswire/ -- Gen2 Technologies Inc. (the "Company") (OTC: MNIZ) is proud to...
- Advertisement -
Earn Free Bitcoin

You have three days before you lose access to all of these five altcoins.

The US-based cryptocurrency exchange Poloniex gave a reminder to its customers that January 30, 2020, at 17:00 UTC is the last date to withdraw their DigiByte (DGB), Factom (FCT), MaidSafeCoin (MAID), Omni (OMNI), and Viacoin (VIA).

If these altcoins aren’t withdrawn by then, the exchange will “permanently disable” the wallets of these crypto assets.

Primecoin (PM) and Vertcoin (VTC) were also part of this group until yesterday when the exchange took to Twitter to announce that the last date of withdrawing these two altcoins has been extended to Feb. 27, 2020. The decision has been made due to necessary wallet maintenance and the exchange will “update all balance holders when the wallets are re-enabled for withdrawals.”

The network fees for each of these assets is 0.1 DGB for DigiByte, 0.01 FCT for Factom, 80 MAID for MaidSafeCoin, 4 OMNI for Omni, 0.01 VIA for Viacoin, 0.01 XPM Primecoin, and 0.001 VTC for Vertcoin.

Poloniex will continue to delist cryptos from time to time

All of these assets were delisted by the exchange last year in December. Poloniex said the decision was taken in an attempt to improve its performance and further serve its customers better.

As for why delist these coins, Poloniex said they will do so from time to time and pointed to its delisting policy that states the criteria for the same. The low trading volume of a crypto asset on the exchange, lawsuits, deteriorating developer support, prohibitive cost to upgrading, and compromised security are part of that criteria.

Moreover, the company said this is part of its mission to ensure that they provide its customers access to the most innovative projects and that meets their high standards.

DGB founder responds by calling Justin Sun a “sleazy con artist”

However, it didn’t go well with Digibyte founder Jared Tate who responded with, “I didn’t spend the best part of a decade and the most productive years of my life working on some amazing tech that can free humanity to watch it get hijacked by crooks and opportunists.”

Tate also called Tron founder and CEO Justin Sun, a “sleazy premining con artist,” who feels he would have “bribed and paid off the spineless” Jeremy Allaire, Circle CEO, the company that acquired Poloniex in 2018 only to be spin out of it in less than two years.

Poloniex and Tron partnership  “will empower one another”

Last year, Sun made an investment in the exchange and promised that Tron’s strategic partner which is an important part of TRON’s expansive ecosystem, will get new blood from the sheer size of the TRON community and that “the partnership will empower one another.”

Poloniex also announced that soon it will list BitTorrent (BTT), which was also acquired by Sun and support the monthly BTT airdrop program for Tron (TRX) holders.

Currently, TRX is trading at $0.018, up 8.76% in the past 24 hours and over 28% to date in 2020.

- Advertisement -
- Advertisement -

Latest News

Bitpanda raises $170M in funding round

Austria-based cryptocurrency firm Bitpanda has closed a $170 million funding round to further the firm's international growth.
- Advertisement -Earn Free Bitcoin

Ken The Crypto tells You How to Get the Most out of the 2021 Bull Run

The year 2021 is what people call the "Bitcoin Year", and the reason is self-explanatory. This recent bull-run has brought...

DigiShares Releases Industry Report on Real Estate Tokenization

DigiShares, a white label security token issuance solutions provider, has released a detailed report outlining the state of the global...

Gen2 Technologies (MNIZ) To Hold Quarterly Update

SPARKS, Nev., March 29, 2021 /PRNewswire/ -- Gen2 Technologies Inc. (the "Company") (OTC: MNIZ) wishes to inform its loyal shareholders that it...

Digital Securities & Tokenization Summit Announced for May 2021

Press Release 24 March 2021 DigiShares, the end-to-end white-label platform for...