KuCoin is delisting the token that announced the suspension of development …

KuCoin Delisting DEX Aphelion

KuCoin Crypto Exchange This Morning reported, that it is preparing to delist its own token of the Aphelion project, “after Togo how I received certain negative information about him “.

KuCoin delisting the token that announced the suspension of development ...

IN the present time users already not may make deposits in APH tokens. Bargaining will be suspended June 8, and withdrawal of funds will be available until September 8.

According to CoinMarketCap, in addition to KuCoin APH, only on Aphelion’s own platform, which is decentralized exchange on blockchain NEO, and Switcheo Network, where volumes trades APH for the last 24 hours make up $ 0.

Events unfold amid Aphelion’s announcement of Tom, what is hewas forced to suspend development. ” IN quality reasons of this solutions CEO Jan Holz points to low trading volumes and a “shortage of funds“.

Together with themes, Holtz noted that him the team has released products that work on multiple platforms, published quality code in the open source and contributed to the development of the NEO ecosystem. “As expected, the market recovered, but APH – no, ”he adds..

According to CEO Aphelion, the project has allocated funding for maintaining the operability their servers and trading interface and froze his remaining allocation 6 000 000 APH, while he himself will try to find alternative sources of funding. If in the coming months, such funding will not be received, the project will probably have to be closed, concludes Holz.

APH token was distributed to users via an airdrop. After progress peak in May 2018 of the year about $ 0.70 its rate collapsed and at the time of publication is $ 0.001482. Relatively the maximum drop was 99.8%.