NBS Council Announcement on Binance’s removal of NBS Trading Pair incident
Dear NBS Community, Dear Investors,
The NBS community and the board of directors have issued an announcement today without any prior notice and communication, and decided to remove NBS trading from 2022-10-24, which the NBS community and the council deeply regret and invite investors to properly handle the NBS-related assets of Binance Exchange.
Since the release of the Binance announcement, the NBS Council and community representatives communicated with Binance for the first time, indicating that this move will greatly hurt the interests of NBS investors, including the majority of Binance users, Binance Exchange has met the various indicators of NBS trading pairs, and it is also irresponsible to Binance users to remove the transaction pair without prior notice of rectification. Unfortunately, Binance failed to retract its decision. The NBS Council respects the decision of the Binance platform, thanks the Binance team for its strong support since the establishment of NBS, deeply regrets that it will not be able to continue to cooperate for a period of time in the future, and also hopes that the two sides can cooperate again in the future.
The NBS community is an autonomous community of DAO, the first advocates and practitioners of the DAO concept, born in the DAO movement and raised in the golden age of DEX. The entire NBS team is spontaneously organized by DAO enthusiasts around the world, due to the decentralized autonomous community gene, the operation and management of the entire community is relatively loose, on the one hand, it provides a good development environment for DAO developers, on the other hand, it also brings some drawbacks in operation and management, especially the operation of the community, the market value management of the secondary market, etc. are easily ignored, and once again humbly accept the criticism of the community. At the same time, friends with DAO ideas and interests are also welcome to join the management of the NBS community.
This incident caused a certain range of panic in the community, but also caused a sharp fluctuation in the price of the secondary market, the NBS community hereby declares that all NBS network infrastructure, operating agencies and various research and development work are running normally and orderly. The DEX of NBS internal disk mainly focuses on decentralized trading, asset issuance, DEFI, AMM and other functions, which is enough to support the long-term development of the NBS chain. At the same time, NBS has accumulated 30 exchanges since its inception, which is enough to meet the trading needs of investors, NBS’s secondary market trading will not stop, please properly transfer NBS assets to the inner disk DEX or Huobi, matcha, Sesame Open Door, CoinEX and other exchanges to avoid losses.
It is gratifying to note that although this sudden announcement led to a sudden decline in the short term, in the process we still found that NBS whale investors continued to buy NBS, which played a great role in stabilizing the price and showed the confidence of whale investors. The NBS community will definitely organize a summary of the relevant community governance aspects of this event, and formulate corresponding plans for the subsequent ecological development to live up to the support of community investors in adversity!
The road to NBS development is by no means a smooth road, we will encounter good times, we will also encounter adversity, we will take setbacks as the tempering of nirvana rebirth, NBS will never give up!
Thank you for your support of NBS! For the community’s follow-up work, please pay attention to the official information!
NBS official website: nbs.plus
NBS Official Email: email@example.com
October 13, 2022