Track market-moving stories before they get noisy

BurgerCities aims to create a unified and standardized metaverse world in Web3 by integrating DeFi and NFT into the broader Metaverse. In this world, users can perform daily activities such as social sharing and gaming. They can also experience DeFi and NFT functions like trading, staking, NFT exhibitions, or Gamefi with their avatars.

BurgerCities is a cryptocurrency created within the BNB Chain ecosystem. It is a platform that combines both the metaverse and decentralized finance (DeFi), where people compete for rewards. It defines itself as MetaFi.

Within the BurgerCities ecosystem, people can participate in daily activities like playing games and socializing to earn rewards. As a metaverse project, it also integrates NFTs. Therefore, it is possible to earn significant returns by participating in games, similar to Axie Infinity.

Some of the key components of BurgerCities include the Black Market, which integrates a cross-chain aggregator for major DEX and CEX protocols. Additionally, there is a power plant where users can become liquidity providers and a central bank that serves as the network’s single-token dual mining revenue aggregator. It is also possible to purchase virtual properties within the ecosystem.

In addition, BurgerCities was developed from another project by the same team called BurgerSwap. BurgerSwap was a DeFi platform built on BNB. It emerged as a decentralized exchange service that uses an automated market maker to allow users to swap cryptocurrencies.

At one point, DeFi projects saw a decline, and people began to lose interest in them as well as in NFTs. This was when the idea of Web3 started to attract attention. It was described as a push that led the team to create a metaverse and provide a broader online living experience.

Although BurgerCities is a relatively new project, it is said to have the following advantages:

Combines different aspects of the crypto world such as DeFi, NFTs, and gaming.Integrates the gaming experience with play-to-earn and rewards.Includes a cross-chain aggregator for DEX and CEX protocols.BURGER can be exchanged with other cryptocurrencies on the platform.How to Buy BURGER Coin?BURGER Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by trading volume.

To buy BURGER Coin, you first need to become a member of Binance and then transfer fiat currency. After transferring fiat currency such as Turkish Lira or dollars, you can perform the purchase transaction in the BURGER trading pair of Ethereum (ETH), Binance Coin (BNB), BUSD, and Tether (USDT) where BURGER is traded.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Binance, one of the world’s largest crypto exchanges, has shortlisted 10 altcoins for close monitoring, with potential for delisting.  

This review, set to take around 30 days, reflects Binance’s attempts to enhance market quality.

Binance Shortlists 10 Altcoins For Potential DelistingFollowing its announcement to list GoPlus Security (GPS), Binance shared another update detailing extending its monitoring tags to 10 altcoins.

Specifically, Aergo (AERGO), Alpaca Finance (ALPACA), AirSwap (AST), Badger DAO (BADGER), BurgerCities (BURGER), COMBO (COMBO), NULS (NULS), STP (STPT), UniLend (UFT), and VIDT DAO (VIDT) are now on the list, effectively placing them on high risk of delisting.

“Tokens with the Monitoring Tag exhibit notably higher volatility and risks compared to other listed tokens. These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform,” Binance explained in a blog.

Accordingly, Binance has implemented a new requirement for users looking to trade any tokens marked on its Spot trading and Margin platforms. To gain access, traders must pass a risk-awareness quiz every 90 days. This measure ensures that users understand the risks associated with these tokens before engaging in trades.

The exchange emphasized that this shortlisting does not guarantee delisting. Binance will conduct periodic project reviews and decide whether to add or remove the Monitoring Tag. Notably, this decision will hinge on current findings after the review process.

Nevertheless, this assurance did not assuage token holders. In the immediate aftermath of this potential delisting announcement, the values of the 10 cited tokens dipped, posting double-digit losses as investors traded the news.

AERGO, ALPACA, AST, BADGER, BURGER, COMBO, NULS, STPT Price Performance. Source: TradingViewNotably, tokens with the Monitoring Tag present high risk due to concerns spanning regulatory uncertainty, low liquidity, or extreme volatility. Binance displays this tag on the corresponding Spot and Margin trading pages and the Markets Overview section. Additionally, the exchange shows a risk-warning banner whenever users interact with these tokens.

Citing community feedback, the leading exchange by trading volume said its monitoring tag would now be updated monthly. Nevertheless, it will continue to review the removal of Monitoring and Seed Tags quarterly. 

“New projects will be added in the first week of every month,” the exchange added.

By enforcing this requirement, Binance aims to educate and protect its users, ensuring they make informed decisions. The move reflects the exchange’s increasing focus on risk management and compliance in a growing regulatory environment.

Meanwhile, the drop seen across the affected tokens is unsurprising, presenting as a typical reaction to such announcements. For instance, in December, Binance’s decision to delist three altcoins sent affected tokens down a cliff to record double-digit losses.

Conversely, listing announcements have the opposite effect. BeInCrypto reported earlier how Binance exchange’s move to list GPS sent the token soaring by over 10%.

Binance has sparked market discussions with its latest move to delist five tokens from its platform. This has raised market concerns over a potential crash of the tokens in the coming days. According to the announcement, the crypto on the list are AERGO, AirSwap (AST), BurgerCities (BURGER), Combo (COMBO), and Linear Finance (LINA).

Binance To Remove These Cryptocurrencies; Here’s Why Binance recently announced to delist AERGO, AirSwap (AST), BurgerCities (BURGER), Combo (COMBO), and Linear Finance (LINA) from its platform, sparking market concerns. Notably, the leading exchanges often have great influence in the market and any major announcement from them could impact the asset’s prices.

For context, the exchange has recently extended its support for Broccoli and other cryptocurrencies. Following its announcement, all the crypto prices have skyrocketed, reflecting the heavy influence of the exchange. Considering that, the latest delisting announcement could trigger a widespread selloff of the mentioned tokens.

Meanwhile, the crypto exchange said that it often conducts periodic evaluations to ensure compliance with industry standards. Failing to meet the criteria results in the delisting of the tokens. The exchange mentioned several aspects behind its delisting decision like project commitment, trading liquidity, regulatory concerns, and security risks.

A Closer Look Into The Binance Announcement The exchange will halt trading for AERGO, AST, BURGER, COMBO, and LINA starting March 28 at 03:00 UTC. Several key services, including futures contracts, margin trading, and staking options, will be stopped before the official removal date. Notably:

Binance Futures will close all positions and conduct an automatic settlement for AERGOUSDT, COMBOUSDT, and LINAUSDT perpetual contracts on March 27 at 09:00 UTC. Margin Trading for the affected tokens will be disabled from March 26 at 06:00 UTC, with users advised to close positions before liquidation. Deposits of these tokens will not be credited after March 29, and withdrawals will be unsupported after May 27. In addition, the exchange said that it will introduce a Vote to Delist feature, allowing the community to have a say in future delisting decisions. However, the current batch of delisted tokens will not be part of this initiative.

How These Five Tokens Are Performing? AERGO price was down more than 6% to $0.06845 following the Binance announcement, with its trading volume soaring 43% to $30.46 million. On the other hand, AST price plunged about 28% to $0.03375 with its one-day volume rocketing 88% to $5.25 million.

Simultaneously, BURGER price retreated 48% to $0.1127 while COMBO price declined 20%. Linear Finance price also recorded a slump of over 32%, indicating the waning market interest in the tokens.