No, that's not it. Go read the reason…
There was a breach of agreement in the distribution of community tokens.
There was a breach of agreement in the distribution of community tokens.
Post
mr_sh1
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Many users are panicking because RED has been suspended by Binance.
Let me tell you that this suspension is only because RED was in its pre-market phase and now Binance will launch it in open market phase which means it'll be available for regular trade just like other cryptos.
So don't panic it'll be back soon. Although the duration of suspension has been increased because of the reason that Binance stated in their Square post:
"RedStone (RED) had originally committed to distribute 9.5% of their total supply to the community via airdrop distribution. The project has now lowered this amount to 5% of the total supply."
And as per the post negotiation are ongoing and should be resolved soon.
#RED #WhiteHouseCryptoSummit
Let me tell you that this suspension is only because RED was in its pre-market phase and now Binance will launch it in open market phase which means it'll be available for regular trade just like other cryptos.
So don't panic it'll be back soon. Although the duration of suspension has been increased because of the reason that Binance stated in their Square post:
"RedStone (RED) had originally committed to distribute 9.5% of their total supply to the community via airdrop distribution. The project has now lowered this amount to 5% of the total supply."
And as per the post negotiation are ongoing and should be resolved soon.
#RED #WhiteHouseCryptoSummit
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.