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Upbit announced that it would delist HIFI, causing the latter's price to fall by more than 14% in a short period of time

On April 11th, South Korean cryptocurrency exchange platform Upbit announced that it will delist the token HIFI. The specific delisting time and related details have not been disclosed yet. According to market information, HIFI has dropped over 14% in a short period of time, currently trading at $0.1557. The related page indicates that Hifi governance is the process of managing lending agreements by community organizations. HIFI is an ERC-20 token, where owners can delegate voting rights to any address, including their own. When the owner's token balance changes, the delegate's voting rights will automatically adjust. Hifi governance allows the community to propose, vote on, and implement changes through the management function of the Hifi protocol. Proposals can change system parameters, support new markets, add new types of collateral, or deploy resources for specific reasons.

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