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EOS (EOS) Delisted from Livecoin Exchange: Here’s Why

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EOS has made quite an impact on the crypto community for the past couple of months since it managed to push out Litecoin from the spot of the 5th-best currency, that way taking its place in the global coin ranking list in accordance with its market capitalization. EOS has also been in the spotlight for the past couple of weeks due to the expectation of its main net launch which should take place in about 10 days. However, while expecting for the main net launch, EOS got delisted from Livecoin, and everyone is wondering why.

How Come EOS Got Delisted from Livecoin?

Livecoin is known as the 4th largest exchange market that trades with altcoins and as such counts as one of the exchanges that you want to see your favorite asset listed for live trading. Needless to say that EOS welcomed this listing open-handed as any listing makes up for another great opportunity for the expansion of the listed digital asset.

However, we have been recently introduced to the announcement that Livecoin exchange will be delisting EOS from its platform, adding that they are delisting this asset ahead of its main net launch.

Livecoin exchange didn’t make further statements, and so the team behind his exchange failed to provide the specific reason for the initial delisting, so many EOS enthusiasts and investors were left wondering.

Luckily, Redditors didn’t waste any of their time so they started an official EOS thread on Reddit, discussing the given matter.

In the mentioned Reddit thread, Redditors might have provided some needed answers, so they suggested that Livecoin is delisting EOS as this exchange is known by its inability to support the main net swap of the token.

Since Livecoin doesn’t own the technological capability needed to support the coin swap after the main net launching, it is easier for Livecoin to announce the delisting of EOS then list it back again once EOS main net is launched.

After the main net launch, EOS will become its own native token which means that it will no longer represent Ethereum’s ERC20 token.

That is precisely why Livecoin had to go on with the announced delisting – not because EOS was breaking regulations, terms of agreements or the platform’s policy, but because it is not able to support the transformation from ERC20 to token swap.

In addition to the announcement that EOS Is being delisted, Livecoin asked all EOS traders on their platform to withdraw their EOS units from their wallets as their funds will be irreversible after the initial delisting that occurred today on May 23rd.

Binance and Bitfinex have announced that their platforms will be able to support the token swap once the main net is launched.

The launching of the main net is scheduled for June 2nd, which is only 10 days from now.

On the mentioned date, all EOS tokens on Ethereum ecosystem will be frozen, after which the main net launch will take place, giving birth to a rebranded EOS.

How is EOS doing at the Current Moment?

With the market still plummeting with the majority of digital assets going down in the red, EOS makes no exception as we can see it dropping against the dollar.

For three days in a row by far, the market seems to be caught up in a devastating trend of trading in the red, so we can see no improvements today either on May 23rd.

However, in the period of the last two months, EOS has gained 64% against the dollar, while it collected another rise of 1.5% against the dollar in the period of the last 30 days despite the rough market trends that followed at the time.

During the last 24 hours, EOS dropped by -12.69%, while it dropped for -11% against the dollar in the course of the last seven days, making the latest drop a pretty harsh turn of events for the day.

EOS is also dropping against BTC and ETH by over -7% and over -2%.

Following the latest change in the market, EOS can now be traded at the price of 11.36$ per one unit.

EOS made a record price of above 19$ per one unit back at the end of April after it had previously set an all-time high of around 15$ per one unit back in January 2018.

It is expected to see some improvements in its daily trading volume despite the current market trend prior to and after the main net launch.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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