NumericoAI @Numerico_AI - Twitter Profile

4 months ago

Dear Numerico Community, As you have seen, KuCoin has decided to proceed with the delisting of Numerico. You need to know that we truly did everything in our power to prevent this outcome. Our history with KuCoin has been long and, at times, very challenging. It was the first major exchange to list us. It became our main market, especially after Emperor discovered the project and strongly supported our vision. In 2020, KuCoin suffered a major cybersecurity breach that impacted a large number of assets, including ours. As a result, we were forced to create an entirely new token. We worked around the clock — 24/7 — to support our holders, manage token swaps, and ensure that the attacker could not exchange compromised NWC tokens for the newly issued ones. It was an intense and highly sensitive period for the project and the community. At the time, we were promised compensation for the substantial costs associated with minting and migrating to the new token. Unfortunately, those commitments were never fully honored. During the 2021 bull run, the project experienced significant growth. Influential figures from Turkey, including Paradotor and JR Kripto, brought strong visibility to Numerico. At the peak, KuCoin alone had more than 150,000 NWC holders. From the end of 2021 through 2024, we invested over $2 million into maintaining and developing the project — covering operational costs, market making, exchange fees, infrastructure, and continuous development. From 2024 until today, we have invested nearly another $1 million. However, the reality of the current market conditions has been extremely harsh. Many of the largest projects from previous bull cycles are now inactive or effectively dead. Maintaining a project under the strict requirements of centralized exchanges like KuCoin — including team salaries, compliance demands, market making obligations, and listing-related costs — easily exceeds $40,000 per month, even without marketing expenses. The centralized exchange model prioritizes daily trading volume above all else. If a project does not consistently generate six-figure daily volume and maintain constant liquidity, it becomes expendable. Unfortunately, the long-term health of a project or the well-being of its holders is rarely part of that equation. For months, we fought to avoid this delisting. We appealed, negotiated, and explained that such a decision would primarily harm the community — our holders. Despite our efforts, our concerns were not taken into consideration. We are deeply sorry that we find ourselves in this situation today. At the same time, there is a sense of relief in stepping away from an environment that often operates under pressure and conditions that are not aligned with the long-term values of decentralization. The next chapter for Numerico is full decentralization — without reliance on centralized exchanges. If and when strong interest in altcoins returns, we will be positioned differently, stronger, and more aligned with the core principles of crypto. Thank you for standing with us through every phase — the highs, the challenges, and everything in between. Your Numerico Team – NWC

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