At SunCrypto, our primary mission is to safeguard our users and their investments. To uphold this commitment, we continually review and assess the cryptocurrencies listed on our platform.
After careful consideration, we have decided to delist four cryptocurrencies: Primal (PRIMAL), Degen Zoo (DZOO), Shill Token (SHILL), and Monsta Infinite (MONI) from the SunCrypto application, effective August 18, 2024.
In addition, effective from today the buying services of the above-mentioned coins are also suspended from the SunCrypto application to protect our users from facing any potential losses.
SunCrypto | Reasons for Delisting
The decision to delist these tokens is not made lightly. It is based on two main factors:
▪️ Low Liquidity Volume: These tokens have shown low trading volumes, which can pose risks such as price manipulation and difficulty in executing trades.
▪️ Listing Criteria: These tokens no longer meet our stringent listing standards designed to protect our users and ensure a secure trading environment.
By delisting these tokens, we aim to maintain a high-quality trading platform that prioritizes user safety and investment integrity.
Next Steps for SunCrypto Users
We understand that some users may hold these tokens. To ensure a smooth transition, we recommend the following steps:
Users are advised to sell their holdings in these tokens before August 18, 2024. This will allow you to manage your investments effectively and avoid potential issues related to low liquidity.
*Remember that if you do not sell or withdraw these tokens before the dates mentioned above then SunCrypto will not be held accountable for any losses.*
If you still hold any of these tokens after the delisting date, SunCrypto will enable the withdrawal function for these coins starting August 20, 2024. This will allow you to withdraw your assets from the SunCrypto application.
Conclusion
This decision underscores our dedication to maintaining a secure and reliable platform. We care deeply about our users and their funds, which is why we are taking this step to delist these tokens. By doing so, we aim to protect our users from potential risks associated with low-liquidity tokens and non-compliance with our listing criteria.
We appreciate your understanding and cooperation as we work to enhance the SunCrypto trading experience. For any questions or concerns, please feel free to contact our support team at [email protected]. Thank you for being a valued member of the SunCrypto community.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. All content provided is for informational purposes only, and shall not be relied upon as financial/investment advice. Opinions shared, if any, are only shared for information and education purposes. Although the best efforts have been made to ensure all information is accurate and up to date, occasionally unintended errors or misprints may occur. We recommend you do your research or consult an expert before making any investment decision.