Token Delisting - Understanding Tradesilvania Platform
The continuous evolution of crypto market and blockchain technology requires constant shifting to maintain relevance in this dynamic environment. For companies like Tradesilvania, adapting to change is not just an advantage but an essential necessity. This shifting directly influences users' experience with crypto services.
Tradesilvania plays a crucial role in supporting the crypto market and blockchain technology by offering a diverse range of infrastructure services and products. The Tradesilvania platform, in particular, is an important part of these services, designed to meet the needs of users, whether they are individuals, companies, or institutions.
Tradesilvania platform provides a dynamic trading experience with over 70 networks, 100+ tokens, multiple trading pairs, and over 60,000 users seeking diversity and opportunities in the crypto market.
There is a multitude of cryptocurrencies, each with its own unique value and growth potential. As of March 2024, there are over 13,200 crypto projects with their own cryptocurrency in circulation. However, their impressive number doesn't necessarily reflect their relevance. After eliminating numerous inactive or "dead" cryptocurrencies, there are approximately 9,000 actively traded ones.
This proportion is constantly changing, with the appearance of new tokens or with inactive tokens/projects that simply lose their value. This creates a need for new listings and delistings on crypto platforms like Tradesilvania.
Permanent Delisting
In this dynamic world of cryptocurrency trading, delisting a token from a platform is not uncommon. Delisting may occur due to various factors, such as insufficient liquidity, low trading volumes, regulatory concerns or when a token doesn't have a trading pair anymore. When a token is delisted from Tradesilvania Platform, it means that it is no longer available for trading on the platform, so you cannot buy or sell.
Despite being delisted, tokens remain within your wallet in Tradesilvania Platform, allowing you to transfer them to external wallets/blockchain address. So, these tokens can no longer be traded on the platform, but Tradesilvania's wallet still holds them, and you still have access to them. You keep control over your digital assets.
However, if you still hold delisted tokens and wish to benefit from Tradesilvania's services and low fees, there's a solution: Tradesilvania RAMP. It can be accessed directly through Tradesilvania RAMP page or through an integration into a Web3 project.
Temporary Delisting
Temporary delistings, just like permanent ones, occur for the same reasons: insufficient liquidity, low trading volumes or regulatory concerns. In the case of temporary delistings, the affected tokens often return to the platform or may lead to permanent delisting. During temporary delistings, however, you can still access your tokens and can make transfers outside of trading activities. Support for your wallet (on that token) remains active in these situations.
In the event of a token delisting, whether permanent or temporary, your portfolio’s evolution graph may be affected and marked as N/A. However, you can still view the token returns in each token wallet. If you transfer the token from Tradesilvania to external addresses, your portfolio value graph will be displayed again.
By understanding delistings in Tradesilvania Platform, you can continue to benefit from the platform's diverse functionalities while maintaining control over your assets.