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Coin An to Move Four Currencies Out of Its Innovation Zone in 2023

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On April 17th, according to a recent review, Coin An announced that it has decided to move the following currencies out of the innovation zone on April 18th, 2023: Shib aInu (SHIB)

Coin An to Move Four Currencies Out of Its Innovation Zone in 2023

On April 17th, according to a recent review, Coin An announced that it has decided to move the following currencies out of the innovation zone on April 18th, 2023: Shib aInu (SHIB), Frax Share (FXS), Trust Wallet Token (TWT), and 1inch (1INCH). Other services related to these currencies will not be affected. In this announcement, Coin On emphasizes that when conducting project reviews, various factors will be comprehensively considered: the team’s commitment to the project, the level and quality of project progress, transaction volume and liquidity, the stability of products/networks/smart contracts, community maintenance, enthusiasm for responding to coin stability period reviews, unethical/fraudulent behavior, and contribution to the construction of the entire blockchain ecosystem.

Coin An Innovation Zone will remove SHIB, 1INCH, TWT, and FXS

On April 17th, Coin An released a review announcing that four currencies would be moved out of the innovation zone on April 18th, 2023. Shib aInu, Frax Share, Trust Wallet Token, and 1inch will no longer be categorized as innovative assets. Other services related to these currencies will not be affected.

Factors Considered During Project Reviews

Coin An emphasized that when conducting project reviews, various factors would be considered. These factors include:

Team’s Commitment to the Project

Coin An will consider how dedicated the project team is to their project.

Level and Quality of Project Progress

The company will evaluate the level and quality of the project progress.

Transaction Volume and Liquidity

The number of transactions and liquidity of each currency will also be evaluated by Coin An.

Stability of Products/Networks/Smart Contracts

The stability of each currency’s products, networks, and smart contracts will also be considered.

Community Maintenance

Coin An will assess the level of commitment towards maintaining a strong community.

Enthusiasm for Responding to Coin Stability Period Reviews

The company will evaluate the currency’s enthusiasm for responding to coin stability periods reviews.

Unethical/Fraudulent Behavior

Any unethical or fraudulent behavior by project teams will also be taken into account.

Contribution to the Construction of the Entire Blockchain Ecosystem

Finally, contribution to the construction of the entire blockchain ecosystem will also play a role in the evaluation.

Implications for the Four Currencies

Shib aInu, Frax Share, Trust Wallet Token, and 1inch will no longer be considered innovative currencies by Coin An. The companies behind these currencies may face challenges in gaining visibility among cryptocurrency investors.

Conclusion

Coin An’s recent announcement regarding the move of four currencies out of the innovation zone indicates that the company is focused on evaluating projects within the cryptocurrency industry on various factors. It is an important reminder to companies that they must remain committed to the development and progress of their project to remain relevant in the market.

FAQs

Q1.What does Coin An’s announcement mean for the four currencies?
Ans: Coin An’s announcement means that Shib aInu, Frax Share, Trust Wallet Token, and 1inch will no longer be considered innovative currencies by the company.
Q2. What factors will be evaluated during Coin An’s project reviews?
Ans: Coin An will evaluate factors such as the team’s commitment, progress, liquidity, stability, community maintenance, enthusiasm for reviews, and contribution to the blockchain ecosystem.
Q3. Will other services related to these currencies be affected?
Ans: Other services related to these currencies will not be affected.

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