Attention! Binance Will Release These 3 Tokens In August!

<p>&nbsp;"Hmmm, I wonder why Binance threw away this token?"</p><p><br /></p><p>Cryptocurrency exchange Binance is not only reportedly going to stop deposits for Serum (SRM), Sonm (SNM) and DFI.Money (YFII) on August 22, 2023, but also trading pairs associated with the digital asset.</p><p><br /></p><p>The following discontinued services will also be implemented for Binance Simple Earn, Binance Loans, Binance Pay, Binance Gift Card and Binance Trading Bots.</p><p><br /></p><p>Although the deposit freeze is next week, Binance will offer withdrawals until November 22 and shortly after that deadline, the crypto exchange may convert the delisted tokens into stablecoins.</p><p><br /></p><p><br /></p><p>However, before the delisted token is converted to stablecoin, a separate notification will be made and any proceeds from the token conversion will be credited to the owner's wallet immediately.</p><p><br /></p><p>Through observation, the price of the three delisted tokens has seen a significant drop plus there are rumors that Binance is now in the process of maintaining the highest standards through periodic evaluations for digital assets.</p><p><br /></p><p>When reviewing digital assets, Binance will examine various different aspects such as project team, trading volume, network stability, liquidity, level of public communication, development activities and others.</p><p><br /></p><p>The string, SRM, SNM and YFII were found to have failed to meet Binance's strict standards after their latest review.</p><p><br /></p><p>As of this writing, the price of SRM has plunged by 8.16% at $0.04 in the last 24 hours while SNM has slipped around 8.45% at $0.05 and YFII is down 13.45% at $498 with a market capitalization of $19 million.</p>