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

Must Read

Eight Things in Crypto You Can’t Afford to Miss This Week

In this roundup, we cover China's market-rattling resistance to Bitcoin, the increasing drumbeat toward crypto regulation, the...

Why the Cloud Industry Needs to Become Greener

According to Energy Post, the Internet will consume 20% of the projected electricity demand...

Your Wallet May Not Be as Secure as You Think; Here’s What To Do

Remember the egregious breach that exposed Ledger’s entire trove of customer data to the public?...
- 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If these altcoins aren’t withdrawn by then, the exchange will “permanently disable” the wallets of these crypto assets.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

Sunday Market Analysis from Trendtracers

BTCUSDT. First impression is bearish, there seems to be yearly support at around 28k, We’re expecting more...
- Advertisement -Earn Free Bitcoin

Earn Passive Income with Nhash Cloud Mining Services

Cloud mining services are an easy way to earn passive income online. Although...

Afri-X and DigiShares Bring Tokenization to Africa

DigiShares is proud to announce its partnership withAfri-x.com to deliver the power of tokenization to Africa. DigiShares has licensed its tokenization platform to...

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 announce that it has been...

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...