Justin Tabb:

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:

1. We were not questioned regarding any issue(s) to make sure the issue(s) is factual before making this decision.
2. We were not given an opportunity to clear up any real/perceived issue(s), such as a probationary status or deadline to fix.
3. 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.

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Nicholas Merten:

It’s very important, whether you’re invested in Substratum or not, to not look at this in a black and white way. This has little to nothing to do with the actual value of Substratum or SALT as a project. The fundamentals are completely separate from Binance doing this, in my opinion.

I don’t know much about SALT, so I’ll just speak about Substratum. The project’s fundamentals are not “completely separate” from Binance’s choice to delist SUB. The quality of Substratum’s management is fundamentally broken, and this is obvious from the missed deadlines, lackluster PR strategy, and the CEO’s inability to not overpromise. Furthermore, losing 99% of SUB trading volume effectively kills the network’s monetization model – it is indeed black and white. I’m not the only one who thinks this. Substratum’s own CMO has stated that the team is exploring monetization models that don’t require SUB.

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