Coin An to Move Four Currencies out of Innovation Zone in 2023: SHIB, FXS, TWT, 1INCH

04/17/2023 04:17 • Metaverse Matters • 130 views

On April 17th, according to a recent review, Coin An announced that it has decided to move the following currencies out of the innovation zone on April 18th, 2023: Shib aInu (SHIB), Frax Share (FXS), Trust Wallet Token (TWT), and 1inch (1INCH). Other services related to these currencies will not be affected. In this announcement, Coin On emphasizes that when conducting project reviews, various factors will be comprehensively considered: the team’s commitment to the project, the level and quality of project progress, transaction volume and liquidity, the stability of products/networks/smart contracts, community maintenance, enthusiasm for responding to coin stability period reviews, unethical/fraudulent behavior, and contribution to the construction of the entire blockchain ecosystem.

Coin An Innovation Zone will remove SHIB, 1INCH, TWT, and FXS

On April 17th, Coin An announced that it has decided to move four currencies out of its innovation zone on April 18th, 2023. The affected currencies are Shib aInu (SHIB), Frax Share (FXS), Trust Wallet Token (TWT), and 1inch (1INCH).

Why These Currencies are Being Moved

According to Coin An’s review process, various factors were comprehensively considered when making this decision. These factors include the team’s commitment to the project, the level and quality of project progress, transaction volume and liquidity, the stability of products/networks/smart contracts, community maintenance, enthusiasm for responding to coin stability period reviews, unethical/fraudulent behavior, and contribution to the construction of the entire blockchain ecosystem.

How Will This Affect Other Services Related to These Currencies?

Coin An has emphasized that only these four currencies will be moved out of the innovation zone and other services related to these currencies will not be affected. Hence, users holding these currencies will not be restricted from using Coin An’s other services.

SHIB

Shib aInu, also known as SHIB, is an Ethereum-based cryptocurrency that has garnered recent attention due to its impressive price appreciation. However, despite its market cap ranking, there have been concerns over its legitimacy and whether it is a genuine cryptocurrency project.

FXS

Frax Share, also known as FXS, is a novel algorithmic stablecoin that is designed to be used as a unit of account and a store of value. It has gained significant traction in the decentralized finance (DeFi) market.

TWT

Trust Wallet Token, also known as TWT, is the native utility token of Trust Wallet, which is a mobile wallet owned by Binance. The token is designed to incentivize users to use the platform and to reward them for taking certain actions.

1INCH

1inch, also known as 1INCH, is a decentralized exchange aggregator that is designed to help users find the best prices for cryptocurrencies across different decentralized exchanges.

Conclusion

Coin An’s decision to move these four currencies out of its innovation zone in 2023 is a bold move that emphasizes the company’s commitment to upholding high standards for cryptocurrency projects. Although this move may have short-term effects on the price of these currencies, it may ultimately lead to the strengthening of the blockchain ecosystem as a whole.

FAQs

1. Will holders of SHIB, FXS, TWT, and 1INCH be able to sell their coins on Coin An after they have been moved out of the innovation zone?

Yes, holders of these coins will still be able to sell them on Coin An after they have been moved out of the innovation zone.

2. How will the market react to this news?

It is difficult to predict how the market will react to this news. However, it is possible that the move may have short-term effects on the price of these coins.

3. What other factors does Coin An consider when evaluating cryptocurrency projects?

Coin An considers a variety of factors when evaluating cryptocurrency projects, including the team’s experience and expertise, the project’s use case, and the potential impact on the overall blockchain ecosystem.

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