Crypto-Bridge will delist CRW

An answer to the false Crypto-Bridge statements made within the delisting ANN

J. Herranz
Nov 15 · 3 min read

On November 11th Crypto-Bridge announced a first batch of delistings.

CRW is one of the coins to be delisted among false statements.

All CRW should be withdrawn before November 25th.

Here is a quote of the delisting statement made by Crypto-Bridge. It deserves a strong answer.

With regards to the current market situation and the fact that we are considered a toxic exchange (one that lists many dead projects), we conducted a thorough evaluation of the projects’ recent development, their volume and community feedback. As a result, we identified projects for a delisting batch (25th November). These projects, among other things, are not achieving minimal development and volume demands to maintain a listing on CryptoBridge. These actions are taken to provide a safer trading environment for our users.
link: https://t.me/cryptobridgeofficial/2745

Crypto-Bridge (CB) has had a BTC-CRW pair for almost two years. During this time, Crown contributors have had a good and direct relationship with CB developers and administrators. The first surprise came after CB requested 0.5 BTC to update the CRW wallet to v0.13.0 a few months ago. Since the Crown community is aware of the importance of having several gateways of exchange, dzlbobo generously donated the necessary amount.

Recently, CB introduced KYC without prior notice for all customers, proving CB’s central selling point — being a DEX - wrong. Some of the biggest centralisation vectors of CB or similar BitShares-based exchanges reside in the following facts:

  1. centralised listing decisions
  2. centralised and manual wallet management, maintenance and withdrawal
  3. Conversion of real CRW user funds to BRIDGE.CRW funds managed in a centralised black-box database
  4. centralised team and contact structure

I could go on with the list but these four pillars seem enough to wipe some myths off the table and state that decentralisation in this case looks once again more like a marketing selling point than a goal to achieve.

The CB delisting announcement deserves a counter-statement since it

  1. came without prior team notice
  2. states that Crown, like the other coins included in the list, is dead, not achieving any development, and thus guilty of CB’s toxicity.
  3. The CB team has not bothered to correct these false statements after being made aware of it through public and private channels and patiently waiting for 96 hours.

I believe that it is important to maintain as many active and decentralised gateways as possible in order to give the highest amount of exchange freedom to all CRW users. It is true that regulations are kicking in and can serve to protect environments. It is also certain, nevertheless, that many individuals need exchanges without KYC, because they do not fulfill KYC requirements due to structural discriminations which can range from nationality to geographic location or socio-economic possibilities.

Because of this, the effort to provide truly decentralised exchange options for the Crown community will continue and new gateways such as BISQ, BlockNET, BarterDEX and the Komodo Platform exchange will be further explored.

To find out how to liberate your funds, read the CB KYC notice by walkjivefly:

I strongly disagree with CB’s statement in regards to the situation of the Crown project and in the ways the KYC and delisting processes have been communicated and handled. The toxicity in question is more likely to have its origins in a continued miss-management of the CB project than in the fact of having CRW listed on it and thus I refute the statements concerning CRW made in the CB delisting announcement.

Please comment and share this post, since it affects a wide range of quality projects within the cryptocurrency ecosystem.

Crown Platform

Crown is a digital token and blockchain platform enabling independence serving individuals & businesses. We are focused on legal compliance and transparency utilizing our decentralized governance model.

J. Herranz

Written by

Crown Platform

Crown is a digital token and blockchain platform enabling independence serving individuals & businesses. We are focused on legal compliance and transparency utilizing our decentralized governance model.