I’m sorry. Yesterday, I said that Sayonara, Substratum would be my second to last post about Substratum. So, that would make this my last post. I lied. This won’t be my last post because Substratum CMO Christian Pope’s statements are too amazing to not write about. Pope, who is well known for referring to Substratum’s financially irresponsible misreporting of ICO funds as “a bunch of smoke and mirrors” recently took to Telegram to shed some light on Binance’s planned delisting of the SUB token.
Binance announced on Friday that SUB is being delisted from its exchange. This decision came as a surprise, with no advance warning. We are terribly disappointed in the decision and their handling of the delisting. To be specific:
- We were not questioned regarding any issue(s) to make sure the issue(s) is factual before making this decision.
- We were not given an opportunity to clear up any real/perceived issue(s), such as a probationary status or deadline to fix.
- We were not given any conditions for relisting.
Informing projects of an imminent delisting doesn’t make sense. It would incentivize the project’s management and insiders to partake in insider trading to dump coins before the news goes public. Binance did the right thing in this situation, and Justin Tabb’s expectation for “advance warning” before a SUB delisting can only be described with one word – silly.