CZ Feedback Due To Slow Development, QLC Token Is Delisted

Key Points:

• Web3 project Kepple (formerly QLC Chain) offered to swap QLC tokens to KPL, but Binance did not announce the delisting of QLC tokens.
• CZ responded that Binance would not announce the delisting of the project in advance.
• The delisting was due to the fact that the project had not developed much for a few years and was recently sold to another project whose token did not meet the listing requirements.

Binance CEO Changpeng Zhao (CZ) has officially given a response to the QLC token development project that Binance delisted due to slow development.

As mentioned earlier yesterday, Binance announced that it would delist QLC, NEBL, and AUTO on April 18, 2023, due to the periodic review of each listed digital asset. All trading orders will be automatically deleted after stopping trading in each respective trading pair. Deposits of these tokens after April 19, 2023, will not be credited to the user’s account. Withdrawals of these tokens from Binance will continue to be supported until July 18, 2023.

Faced with delisting, Web3 social media platform Kepple (formerly QLC Chain) wanted an explanation from Binance as to why it didn’t announce plans to delist the token. QLC while the team is waiting for the platform’s decision on supporting the QLC to KPL token swap.

“Check our last thread @cz_binance, it’s pinned $QLC has been notified with delisting without prior notice during the DD process of the $KPL token swap by your team. DM us and let’s fix this”

In response to this issue, Binance CEO Changpeng Zhao (CZ) has said they will not notify projects before their delisting plans. Besides, he also shared that the delisting of QLC was hesitant to have had much development for a few years and was recently sold to another project and currently needs to meet the listing standards of Binance.

“I was told: the project didn’t have much development for a few years, and recently “sold” to a different project, which currently do not meet our listing standards.”

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