🚨
$KASPY MEXC De-Listing Notice 🚨
Good Morning/Afternoon/Evening Crew.
We will be parting ways with
#MEXC following the assessment that just concluded.
Let us be clear here: as a team, we believe we passed the MEXC assessment in line with the ST Rules we're governed by. The internal review team doesn't see it that way on the results and criteria, and we don't agree with their finding. We're not here to point fingers or rehash the requirements, we simply want to state up front that we disagree with MEXC's assessment finding. We filed both an appeal and a request for an extension to pin down which criteria wasn't met. Neither was granted.
With that said, we want to stay professional, and we ask the community to do the same.
This is not the outcome we wanted to see, and we worked incredibly hard to avoid it. But we cannot continue this partnership with the exchange.
Now, to look at it from a different angle: exchanges like Gate or MEXC intend(ed) to charge a migration/integration cost to migrate from KRC20 to KCC20. Depending on the exchange and the team's negotiation, that cost can range up to 50% of the original listing cost. That has been the primary concern for us at
@kaspy_io and our friends across the chain
@NachotheKat . We understand the last holdouts for the migration are primarily us two, because of our exchanges and our financial obligations. We here at
$KASPY had planned to bring up the migration cost after a successful assessment. This clears that up quickly.
With
#Coinex and
#BitMart shutting down, and
#MEXC choosing to delist
$KASPY, we're left with a clean migration opportunity, one that we as a team are actively pursuing.
The vision we're moving forward with is to work with the KCC20 Developers and assist in any way we can with migration preparation and considerations.
$KASPY will thrive coming out of this, and this may be a blessing in disguise. We achieved incredible market caps without CEXs before, doing it again would be an incredible full circle kaspa story of resilience. It will be interesting to see if on DEX we face the same manipulation that many other KRC20s and kaspa itself has faced on the CEXs.
All current and active market maker funds will be reallocated to support a KASPY DEX Liquidity Pool.
MEXC will delist
$KASPY on 2026-09-24 at 10:00.
We are awaiting a withdrawal timeline from our MEXC reps, but we have requested an extended time-frame.
Sometimes the path to greatness is paved by difficult roads, and we are no strangers to trials, difficulties, and opposition.
The team will remain intact, engaged, and continuing to move forward as if this delisting is nothing more than a bump in the road.
This is
#KASPA. We are the
$KASPY Crew.
We will never stop.
$KASPY on
$KAS