The Livecoin platform, a gateway to the crypto-market, has announced that it will delist EOS on May 23. In the announcement made in the beginning of April the exchange asks its clients who is currently holding EOS tokens to withdraw the funds from the platform until deadline. The recovery of the remaining balance after that will be impossible.
No official explanation of such decision is available up to the present moment. The speculations, though, are circling around the coming mainnet launch of EOS. Scheduled for June 2 EOS will transition from the Ethereum blockchain to the main net that will result in an increased speed, cost reduction and more security. Official EOS subreddit thread assumes that Livecoin may not be able to 'support the mainnet swap' and hence the delisting was announced.
Despite the precedent, Binance and Bitfinex earlier announced the full support of the transition. At the moment of the publication, market indicators for EOS are as follows:
- Average price $14.85
- Market cap $12,131,668,171
- Volume (24H) $2,371,580,000