Poloniex to Delist 8 Coins

The exact reasons for the decision are not indicated, however, all these assets, except BitcoinDark, do not even enter the first 100 of the CoinMarketCap rating
19 September 2018   516

On September 25, the Poloniex Exchange will issue a delisting of eight assets: BitcoinDark (BTCD), Bitmark (BTM), Einsteinium (EMC2), GridCoin (GRC), NeosCoin (NEOS), PotCoin (POT), VeriCoin (VRC), Bitcoin Plus (XBC) .

The exact reasons for the decision are not indicated. However, all these assets, except BitcoinDark, do not even enter the first hundred of the CoinMarketCap rating. This indicates the extremely low liquidity of coins and, accordingly, of insignificant popularity in the market, which could serve as the reason for delisting.

Concerning BitcoinDark, it is noted in the the FAQ that the coin actually remained without the support of the creators. Holders of BTCD got the right to exchange coins for Komodo until mid-January 2018. However, at the moment there are still almost 1.3 million BTCD in turnover.

Also, the administration of Poloniex reminded users about the need to close all positions on the relevant coins until September 25.

After the date of delisting, traders will have 30 more days to withdraw coins to third-party wallet.

Poloniex to List Grin

Trades will be available in BTC / GRIN and USDC / GRIN pairs; users can start depositing now
15 February 2019   130

Poloniex cryptocurrency exchange has announced the beginning of support for the privacy-oriented Grin cryptocurrency.

Trades will be available in BTC / GRIN and USDC / GRIN pairs. The possibility of making deposits is already available to users, withdrawals will be available in the coming weeks.

The Seattle-based exchange also says that in the next 12 months, a part of all commissions that will be received as a result of transactions with cryptocurrency will be sent to the Grin Development Fund. In the first month of trading it will be 50%, in the following months - 25%.

We hope to see these funds support ongoing security audits, developer campaigns, bug bounties, open-source development of Grin ASIC design and general endeavors that strengthen the Grin ecosystem. This program will be reassessed after 12 months.

Jed Breed

Digital Assets Lead, Poloniex

The exchange also notes that due to the peculiarity of Grin transactions that do not have public addresses, users are offered two ways to deposit funds, which should ensure maximum security and simplicity.

The first method involves the use of a URL, reducing the process of depositing funds to one step. It is best suited to those who want maximum simplicity, and will also be useful when transferring funds from mining pools or from other exchanges.

The second method is more complicated and assumes that Poloniex and the user exchange a unique file before initiating the translation of a transaction on the Grin network. This method is intended for more advanced technical users, as well as for those who want to use Poloniex as a Grin wallet for p2p transactions.