THELOGICALINDIAN - Despite Hive Blockchain Technologies Ltd requesting a cease and abandon adjustment to stop application its name Binance has gone advanced and completed the administration of HIVE crypto tokens anyway
Binance Carries on Regardless with ‘HIVE’
Binance appear on its blog a little over an hour ago that the adamantine angle of the Steem blockchain accomplished by Hive.io was complete. It additionally explained that the administration of HIVE tokens to STEEM holders had been accomplished at a arrangement of 1 STEEM = 1 HIVE.
The column goes on to explain to users how they can affirm cancellation of the HIVE tokens and the all-important accomplish to take. A few things to accumulate in mind: STEEM balances beneath 1 STEEM did not authorize for HIVE tokens and withdrawals are not accessible yet, so, break acquainted for that.
Moreover, the badge administration by Binance does not agreement that HIVE tokens will be listed for trading on the Binance platform. Before that happens:
But does that accommodate not accepting cease and abandon orders lodged adjoin it?
Hive Blockchain Technologies Says Name Not for Use
Perhaps CZ’s aggregation wasn’t acquainted of the cease and abandon order from bygone that states:
It goes on to say that application the aforementioned name is “intentionally or otherwise, ambagious with the Company’s brand.” Moreover, actuality of a agnate attributes and in the aforementioned band of business, Hive Blockchain Technologies feels that the adolescent cipher Hive.io is demography advantage of the company’s achievements as an “early leader” in the blockchain space:
For now, it seems that the accustomed aggregation is not gluttonous conflict. The bearings can be bound by a simple name change. However:
It looks like the ball’s in the new blockchain’s cloister as to how to advance next. But the admonishing is appealing bright of what may lie advanced if it fails to rebrand. Bet Binance is additionally blame itself for yet addition battle with Steem.
Do you anticipate Binance should abolish HIVE tokens from its exchange? Add your thoughts below!
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