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X account @Etherscan_SHIB has shared that major cryptocurrency exchange OKX plans to remove Shiba Inu ecosystem token BONE from its trading lists.
OKX to delist BONE and several other tokens
The post sends an encouragement to the SHIB community, saying that “OKX delisting is not the end,” reminding the SHIB army that BONE continues to trade on another large crypto exchange — Crypto.com, where millions of users have gained an exposure to it.
Besides, according to the post, there are “95,058 on-chain holders and still growing daily.”
According to a post published by the aforementioned exchange, OKX delists all pairs with the following tokens: X, BSV, GOG, DIA, BONE and OXT. The post claims that this move is about to be taken based on user feedback and the delisting rules on OKX. Concerning BONE token, the following pairs will be removed from the platform: BONE/USDT and BONE/USD.
As of June 30, deposits for the above-mentioned tokens, including BONE, have been suspended. Users can still withdraw their balances in these tokens until Sept. 30. The tokens will be delisted on July 7.
One big reason to use Shibarium, not CEXes: SHIB team
The X account “Shibarium/BONE Updates” (@Shibizens), affiliated with the Shiba Inu team, has addressed the community with a tweet, highlighting the advantages of using Shibarium and DeFi wallets on it versus using an account on a centralized cryptocurrency exchange.
The post compares important nuances of using DeFi wallets versus utilizing an account on a centralized exchange. Using a DeFi wallet does not require an ID or any KYC measures. You do not have to provide your email address or phone number. You just generate a wallet, save your SEED phrase and it is all done within a minute. “You control your funds. You own the keys,” the post states.
When it comes to setting up an account with a CEX — Binance, OKX, Coinbase, etc. — you submit your passport or ID, provide a selfie for facial scan, provide proof of your physical address, add a phone number/email address and wait to be approved or rejected.
The most important thing is that, the X posts stresses: “They hold your crypto. They decide what happens next.” “DeFi = freedom. CEX = permission,” @Shibizens concludes.
Vladislav Sopov
U.Today Editorial Team