XT.COM, a digital asset trading platform, is committed to providing a healthy trading environment for users and safeguarding their legitimate rights. In order to protect user interests and promote the continuous development of the blockchain industry, the platform regularly conducts comprehensive reviews, monitoring, and tracking of listed tokens to ensure a high standard of token quality. When a token no longer meets listing criteria or significant industry changes occur, we conduct in-depth and rigorous project reviews, which may lead to hiding or delisting of trading pairs. Hidden tokens will not be displayed in the currency list or the price change ranking list. Trading of hidden tokens is not affected, but users need to actively search for the token name to see it in the trading area.
I. Project Review Dimensions
When conducting project reviews, we consider various factors for delisting decisions. Project review dimensions include but are not limited to the following rules, which may not be exhaustive but are generally used to evaluate whether a blockchain innovation project TOKEN or trading pair should undergo hiding or delisting procedures:
1. Legal and Compliance Issues of the Project or Team
- Major changes in project team, product, or business model require notification for re-evaluation. Unauthorized changes or private transfers/sales of the project without XT.COM consent may lead to delisting.
- If the personal information of project team founders, co-founders, advisors, and etc., is found to be seriously falsifying or suspected of involvement in manipulating market prices, facing significant legal or negative issues (such as drug involvement, data theft, etc.), XT.COM will initiate a background investigation for the involving team members. During the investigation, trading will be suspended. Trading is halted during the investigation, resuming only if the results are satisfactory; otherwise, delisting occurs.
- The project is reported by SEC or other national/regional judicial, regulatory authorities for suspected illegal activities.
2. Technical Security Issues of the Project
- Mainnet switch or security vulnerabilities during the project present risks. Failure to pay a risk deposit results in delisting.
- Smart contract code not passing security audits, having vulnerabilities, or being attacked.
- Occurrence or existence of a 51% attack of fork issue in the project.
3. TOKEN Issues of the Project
- Failure to notify XT.COM and users 15 days in advance of temporary TOKEN supply increases or forks.
- Low average daily trading volume below 5 BTC for a single trading pair for a week or zero trades in 24 hours.
- Insufficient market depth leading to poor liquidity, hindering normal trading.
- Intentional concealment of significant events affecting TOKEN prices for non-market reasons.
- Team and foundation addresses undisclosed on the official website and social media, with TOKEN not following lock-up mechanisms and disclosure practices.
4. Actual Progress of the Project
- Significant discrepancies or stagnation in information disclosure, deceiving users or XT.COM.
- Website inaccessible, no maintenance in social media and communities for more than two weeks.
- No presence on mainstream social media pages like Twitter, Facebook, Discord, and inability to respond to negative media reports.
- No project progress disclosed on social media or official websites for a month (For example: development progress, version updates, team movements, etc.).
- Project promotion or market behavior severely damaging XT.COM or community interests.
5. Public Opinion of the Project
- Excessive negative news reported by news media.
- Prolonged user complaints affecting market order.
II. Delisting Process
XT.COM regularly conducts tracking reviews and proactively contacts non-compliant project teams, closely observing and reviewing projects. The specific delisting process for projects that fail the review is as follows:
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Internal Contact
After an internal review, the involving non-compliant project teams are contacted, and they must respond within one week.
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Transfering of Trading Pair to Low-Liquidity Trading Zone
If there is no response from the project team within one week, the project is then transferred to the low-liquidity trading zone. Starting from this transfer, the project team is given two weeks to make corrections.
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Return to Main Trading Zone
During the 2-week correction period, the project team must proactively provide correction details. After a re-evaluation, projects that complete the involving corrections and pass review for 30 consecutive days will return to the main trading zone.
For a healthy digital asset environment and a better trading experience, XT.COM strengthens its monitoring and tracking of all of our listed tokens. The support and assistance of users are crucial for fostering a positive trading environment. Users are encouraged to actively provide the platform with the latest information on various projects to assist in reviews, collectively promoting the healthy development of the industry. If you identify significant risks with platform projects, you can submit a support ticket for contact, and appropriate actions will be taken.