Binance Coin Confronting Monstrous Sell Pressure? Mithril Group Wants 200,000 BNB Back

In a declaration today, Binance pronounced that in light of late surveys, it has chosen to delist the Mithril (MITH), Tribe (TRIBE), Augur (REP) and Bitcoin Standard Hashrate Token (BTCST) tokens on December 22, 09:00 (UTC) and stop trading on all trading pairs.

As expressed in a blog entry about the matter, Binance occasionally surveys the guidelines for a listing on the exchange. Assuming a token no longer fulfills that guideline, “we will conduct a more careful survey and possibly delist it,” Binance declared.
Factors in the survey incorporate the team’s commitment to the project, volume and quality of advancement action, trading volume and liquidity, solidness and security of the network from assaults, and steadiness of the network.

Will the MITH team be able to dump 200,000 BNB?

The Mithril team said that they had to pay a deposit of 200,000 BNB to Binance as part of the MITH listing.

For the Mithril community, we request that CZ return this deposit so Mithril might continue to operate.

The Mithril team wrote that it has a long history of working with Binance and that it was the first token listed on the BNB beacon chain.
The team behind MITH claims to have collaborated on other initiatives based on partnerships and informal requests.
The Mithril team is asking for the return of the 200,000 BNB deposit, since the partnership ended.

At this time, it’s not clear if the request is justified.
Changpeng Zhao had not commented on the matter at press time.
It is not yet known if the Mithril team has a legal entitlement.
The Mithril Team may dump the 200,000 BNB on the market in a single swoop.

Mithril was Slammed by the Community

Mithril says it’s a decentralized social media platform on Ethereum blockchain. It is intended to integrate with new and existing social media networks to reward content creators for contributions to the network.

At press time, BNB was trading at $261.40. Following the Binance hypotheses and FUD throughout recent days, BNB is failing to meet expectations in the market. While BTC (+5%) and ETH (+3.8) are recording acquires throughout recent days, BNB is down 7% in the equivalent time span.