As per the official announcement by KuCoin which is one of the reliable digital currency exchange platforms, the Playgroundz Project (IOG project) is going to be delisted from its platform. KuCoin, headquartered in Singapore, shared the update with its users via their Twitter account on 17th April details of which were also made available on its website.
KuCoin Delisting of Playgroundz (IOG)
Per request from Playgroundz (IOG) project, KuCoin will be delisting the IOG project from the exchange. The deposit service has now been closed.
— KuCoin Updates (@KuCoinUpdates) April 17, 2019
The decision of delisting the project was taken following the request by Playgroundz project itself that asked to shut down its deposit service on the KuCoin’s platform.
In its announcement, KuCoin shared the details of the delisting process so that the users stay well-informed and completely in loop of this new development.
- The trading pairs of IOG is slated to close at 18:00 hours (UTC+8) on 18th April 2019.
- KuCoin will be continuing to support IOG token withdrawals from its platform till 18:00 hours (UTC+8) on 18th July 2019.
KuCoin has requested all its users who hold the IOG tokens to withdraw them on or before the aforementioned closing dates.
It must be noted here that KuCoin had included the Playgroundz IOG project on its trading platform only in the month of September last year. The platform had made a declaration saying that it was extending support to two trading pairs IOG/BTC and IOG/ETH. Now, it is not even a year since IOG tokens were made tradeable, but the crypto exchange platform has decided to delist the project.
To enlighten those with very little information, Playgroundz is “Internet of Games.” In other words, it is a limitless virtual playground wherein not only gamers, but also developers can easily live, explore and connect on everything related to video games with each other. IOG is the platform’s native token that is utilized as a major settlement technique whether one wants to settle the ads or take advantage of the marketplace incentives.
Meanwhile, on the same day, KuCoin revealed its decision of listing Spendcoin (SPND) on its platform. Users would be able to trade as well as withdraw in the trading pairs of SPND/ETH and SPND/BTC from 17th April.