On August 13, according to the official news, PowerPool expressed regret over Binance's decision to remove its native token CVP and responded as follows: This decision was completely unexpected to us, and Binance did not provide any information on the specific reasons or triggers that led to the downline of CVP. PowerPool has been building protocols and communities, providing technical and marketing activities, including Binance CVP Learning and Earning. The PowerPool team provided a detailed report on the development and other activities requested by the team after Binance went live. Binance did not provide feedback on the report or any other reporting activity, nor did it provide any information related to the reasons for being placed on the monitoring label. The team has not sold any team token allocations (the tokens were unlocked approximately a year ago). CVP has launched multiple CEXs (Gate, MEXC, etc.) and Uniswap DEXs. Yesterday, Binance announced that it will gradually remove the shelves and stop all related transactions of 6 tokens starting from August 19, 2024 Beijing time. These tokens include PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF) and VGX Token (VGX).