SOL
by BSC News
March 14, 2023
Binance US will delist $HNT on March 21 as Helium is set to move to Solana on March 27.
Centralized exchange Binance US will delist the HNT token on March 21 ahead of the migration of Helium Network to Solana on March 27.
The Helium Foundation said they were “disappointed” by the exchange’s decision but understand their position.
“Helium’s migration to Solana is significant, and a first for the industry — on par with Ethereum’s transition from proof of work to proof of stake,” according to a Medium post.
Helium recommended that Binance US customers take their $HNT off the exchange and either put the tokens in the Helium Wallet or in another exchange that supports $HNT trading pairs.
In its delisting announcement, Binance US said upon review $HNT was deemed to no longer meet the exchange’s “high standards” and/or was affected by changed “industry circumstances.”
Binance US is the American arm of the world’s largest cryptocurrency exchange platform, Binance. Users on the platform can buy, sell, and trade over 60 popular crypto assets, including Ethereum (ETH), Solana (SOL), BNB Chain (BNB), and Bitcoin (BTC).
Where to find Binance US:
According to CoinMarketCap, Helium (HNT) is a decentralized blockchain-powered network for the Internet of Things (IoT) devices. Launched in July 2019, the Helium mainnet allows low-powered wireless devices to communicate with each other and send data across its network of nodes. Nodes come in the form of so-called Hotspots, a combination of a wireless gateway and a blockchain mining device. Users who operate nodes thus mine and earn rewards in Helium’s native cryptocurrency token, HNT. Helium aims to prepare IoT communication for the future, identifying inadequacies in current infrastructure from its birth in 2013.
Solana is a public, open-source blockchain that allows for smart contracts, non-fungible tokens (NFTs), and various decentralized applications (dApps). The SOL token, which is native to Solana's blockchain, provides network security through staking as well as a means of transferring value.
Related News
Latest News
April 25, 2024
Nigeria Appoints Pro-Crypto Leader to Head SEC
April 25, 2024
BNB Chain Shows Strong Growth in Q1, 2024 Report: Key Details
April 25, 2024
Ethereum Spot ETFs Is Likely to Face SEC Denial in May: Reports
April 24, 2024
Chainlink Launches Cross-Chain Interoperability Protocol (CCIP) for General Availability
April 24, 2024
Hong Kong Bitcoin and Ethereum Spot ETFs Get Approval to Begin Trading on April 30
April 24, 2024
US DOJ Wants 3-Year Prison Sentence for Binance Co-Founder CZ
April 23, 2024
Binance’s 53rd Launchpool Project: What is Renzo Protocol?
April 23, 2024
Texas' Blockchain Association and the Crypto Freedom Alliance Sue US SEC
More News