Coin An to move currencies out of innovation zone on April 18th, 2023

04/17/2023 04:17 • Metaverse Matters • 92 views

On April 17th, according to a recent review, Coin An announced that it has decided to move the following currencies out of the innovation zone on April 18th, 2023: Shib aInu (SHIB), Frax Share (FXS), Trust Wallet Token (TWT), and 1inch (1INCH). Other services related to these currencies will not be affected. In this announcement, Coin On emphasizes that when conducting project reviews, various factors will be comprehensively considered: the team’s commitment to the project, the level and quality of project progress, transaction volume and liquidity, the stability of products/networks/smart contracts, community maintenance, enthusiasm for responding to coin stability period reviews, unethical/fraudulent behavior, and contribution to the construction of the entire blockchain ecosystem.

Coin An Innovation Zone will remove SHIB, 1INCH, TWT, and FXS

On April 17th, Coin An, a cryptocurrency exchange platform, announced that it will be moving certain currencies out of the innovation zone on April 18th, 2023. This move is part of the platform’s effort to ensure that the currencies listed on its platform meet certain criteria and maintain a level of stability and progress.

Criteria used in the project review

When conducting project reviews, Coin An emphasizes that various factors will be considered comprehensively. These include the team’s commitment to the project, the level and quality of project progress, transaction volume and liquidity, the stability of products/networks/smart contracts, community maintenance, enthusiasm for responding to coin stability period reviews, unethical/fraudulent behavior, and contribution to the construction of the entire blockchain ecosystem.

Affected currencies

The currencies that will be moved out of the innovation zone are Shib aInu (SHIB), Frax Share (FXS), Trust Wallet Token (TWT), and 1inch (1INCH). However, it is important to note that other services related to these currencies will not be affected by the move.

Implications of the move

This move by Coin An has implications for the affected currencies as it may affect their liquidity on the platform. It may also result in a decrease in their value in the short term as some traders may react negatively to the news.
However, in the long term, this move is aimed at ensuring that the currencies listed on Coin An maintain a level of stability and progress. This will ultimately benefit the overall blockchain ecosystem by weeding out unstable and fraudulent projects.

Conclusion

In conclusion, Coin An’s decision to move certain currencies out of the innovation zone on April 18th, 2023, is aimed at promoting stability and progress in the cryptocurrency market. While it may have short-term implications for the affected currencies, it is a step in the right direction towards ensuring the long-term health of the blockchain ecosystem.

FAQs

1. What does it mean for a currency to be moved out of the innovation zone on Coin An?
When a currency is moved out of the innovation zone on Coin An, it means that the currency has failed to meet certain criteria that the platform deems necessary for long-term stability and progress.
2. Will this move affect other services related to the affected currencies?
No, other services related to the affected currencies will not be affected by this move.
3. What is the overall goal of Coin An’s project reviews?
The overall goal of Coin An’s project reviews is to ensure that the currencies listed on the platform maintain a level of stability and progress, ultimately benefiting the entire blockchain ecosystem.

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