Dear all,. it's been a tough few days.
21 Mar 2023, 07:41
Dear all,
it's been a tough few days. I was trying to get some explanation from Binance on what happened with the delisting, but looks like they decided not to respond.
What I can share is that we've been in a discussion with Binance about a token swap to BSC, and a move into metaverse. We have secured the necessary resources for all that, put togehter a team and were looking forward to a bright future with the new move.
We kept it confidential and wanted to get support form Binance on the new direction first. Binance team took a month to make a decision (during which I naturally kept quiet) and, while overall discussion was positive, the move was not fully supported. So, the idea was to keep building and gradually move towards the metaverse work we've prepared for.
In fact, this is a message I received from Binance team on 13th March:
"Hi Alex,
Appreciate the updates.
We will not support this rebranding but please continue with your rebranding exercise. We will observe how your community reacts to it." which was followed by more details on how the token swap to BSC would happen etc.
Then on 17th the WABI delisting was announced, the decision for which I guess was taken even earlier.
Given the overall positive tone and zero warning on 13th of March, the delisting announcement came as a complete surprise to me and, like I mentioned, I was unable to get any comments from Binance team on this. So, if you'd like to understand the reasons for the delisitng, I'd suggest you contact Binance for it.
On the topic of where will Wabi go forward, the delisting is, obviously, a very negative event for Wabi. I'm now assessing the options we have, will share this when ready.