- Gate.io has recently announced its decision to delist PymeDAO (PYME) from its exchange.
- This move comes after a comprehensive reevaluation of PymeDAO and its compliance with the platform’s criteria.
- Investors are urged to withdraw their PYME tokens and consider existing trading strategies before the delisting.
Gate.io to Delist PymeDAO (PYME): What Investors Need to Know
Gate.io Announces PymeDAO (PYME) Delisting
Gate.io, a prominent cryptocurrency exchange, has declared that it will delist PymeDAO (PYME) from its trading platform. According to the official announcement, the decision was made after a detailed evaluation process, revealing that the PymeDAO project no longer aligns with Gate.io’s trading requirements. The delisting process will impact both spot trading and quantitative grid trading but will still allow for token withdrawals for a month post-announcement.
What is PymeDAO (PYME)?
PymeDAO (PYME) is a decentralized finance (DeFi) token that allows for various forms of decentralized governance and financial operations. Despite its innovative promises, it appears the project has not been able to meet the ongoing compliance and performance standards set by Gate.io.
Token Economics of PymeDAO (PYME)
- Token Name: PymeDAO
- Token Symbol: PYME
- Max Supply: To be determined
- Token Type: ERC-20
How to Buy PymeDAO (PYME)
- Begin by creating an account on our recommended exchange platform.
- Deposit an appropriate cryptocurrency (USDT) or fiat currency (Dollar, GBP, EURO).
- Search for the PymeDAO (PYME)/USDT trading pair and place your purchase order.
- Once your order gets executed, safeguard your PymeDAO (PYME) in your digital wallet.
Timeline and Next Steps for Investors
Gate.io has already ceased accepting PymeDAO (PYME) deposits and will fully remove the token from its trading platform by July 16, 2024, at 07:00 A.M. UTC. Investors are strongly encouraged to adjust their existing trading strategies to account for this delisting. Any ongoing PymeDAO-related trades will automatically terminate on the specified delisting date.
After the delisting, users have until July 29, 2024, to withdraw their PymeDAO (PYME) holdings. Alternatively, they can opt for a buyback option provided by Gate.io. The exchange will repurchase PymeDAO at a fixed price of 0.00002839 USDT, with a compensation cap of 100 USDT per user. Interested investors should fill out the required form between July 29, 2024, and August 5, 2024, to participate in the buyback program.
Conclusion
This significant development from Gate.io serves as a reminder of the evolving standards within the crypto trading ecosystem. Investors holding PymeDAO (PYME) should act promptly to safeguard their assets and explore other investment opportunities. The delisting not only underscores the dynamic nature of cryptocurrency evaluations but also the importance of staying informed about platform criteria and project performance.
