Binance Delists Loanable Tokens Amid Market Gains for BANANA, Harmony, and Liquity
Binance, one of the world’s largest crypto exchanges, has announced the removal of several tokens from its loanable asset offerings, including Banana Gun (BANANA), Harmony (ONE), and Liquity (LQTY). Despite this move, prices for these tokens have surged, reflecting market optimism.
Key Updates
- Banana Gun (BANANA): Price rose 6.57% to $38.33, with a market cap of $131 million.
- Harmony (ONE): Trading at $0.023, up 8%, with a market cap of $340 million.
- Liquity (LQTY): Surged 20% to $1.8 in the last 24 hours.
Additional tokens like Gains Network (GNS), Kadena (KDA), and Livepeer (LPT) also saw notable gains following Binance’s announcement.
Delisting Details
The delisting, effective January 15 at 03:00 (UTC), affects tokens such as BANANA, ONE, GNS, KDA, LPT, and others. Binance stated that the decision is part of its periodic product reviews aimed at optimizing its offerings and aligning with market trends. Active loans involving these tokens will remain unaffected until users repay their orders.
IOST Tokenomics Transformation
In parallel, Binance highlighted a significant update regarding IOST’s (Internet of Services Token) tokenomics under its 3.0 initiative. This update aims to strengthen Layer 2 infrastructure, with plans to increase the token’s total and circulating supply to support over 5,000 validator nodes and boost Web3 payments.
The reallocation framework outlines a five-year distribution plan:
- 60% for network infrastructure
- 20% for community programs and ecosystem growth
- 8% for payment innovation
- 5% for technical grants
- 4% for governance operations
- 3% for team incentives
Market Reaction
Following Binance’s update, various tokens saw notable price movements:
- Gains Network (GNS): Up 11% at $1.54.
- Kadena (KDA): Increased 8% to $0.79.
- Livepeer (LPT): Up 6% at $13.34.
- Tellor Tributes (TRB): Gained 5% at $56.82.
- Viberate (VIB): Rose 9% to $0.084.
- Vulcan Forged (PYR): Up 4% at $2.7.
- IOST: Up 3.8% at $0.0068.
New AI Coin Listings
In contrast to the delisting, Binance has also expanded its offerings with the addition of AI-related tokens such as AIXBT, ChainGPT (CGPT), and Cookie DAO (COOKIE), which saw impressive surges of 40%, 70%, and 56%, respectively, following their listings.
Binance’s latest moves underscore its strategy to refine its product lineup while tapping into emerging market trends such as AI and Web3 innovations.
