XT.COM Special Treatment (ST) Label Management Rules

1. Meaning of the Special Treatment (ST) Label 

To promote the healthy development of the blockchain industry, enhance users' trading experiences, protect users' interests, and maintain market order, XT will impose an ST warning on tokens based on the severity of rule violations. The "ST" label will be attached to relevant trading pairs to remind users of the risks associated with trading those tokens.

 

2. Events Triggering the Special Treatment (ST) Label 

If a project team or token is found to encounter or experience any of the following events (“Trigger Events”), an ST warning will be triggered: 

 

(1) Conditions for Triggering the “ST” Label (including but not limited to): 

 

The platform will monitor token compliance daily. If any of the following conditions are met, the token will be marked as non-compliant on that day. Tokens holding the ST label for 30 days or more will be delisted:

• Daily average spread between the latest transaction price and the best bid/ask price > 2%.
• The trading frequency per minute is below 0.4.
• The daily average one-sided liquidity is below 300 USDT.
• The daily trading volume is below 10,000 USDT.

 

(2) Project Security Issues:

• Any technical or security vulnerabilities in the project’s smart contract code or infrastructure managing the project.
• The project or its token violates or may violate any legal or regulatory obligations.
• Lack of on-chain maintenance, resulting in inability to process transfers normally.

 

(3) Project Operations Issues:

• Negative news or public opinions about the project or token are published or circulated in news or social media.
• The project ceases business operations or maintenance, such as an inaccessible official website, or unmaintained social media and communities on Twitter, Telegram, etc.
• Temporary token supply increase or fork without notifying the trading platform and users 15 days in advance.
• Any actions deemed malicious by XT, such as significant changes to the project or token without prior notice to XT and its users, including but not limited to temporary token issuance, market manipulation, or insider trading.

 

(4) Project Team Issues:

• Project team members (including but not limited to founders), agents, or advisors are suspected of or actually violate any applicable laws, regulations, or norms.
• Project team members (including but not limited to founders), agents, or advisors are found to distribute content related to child pornography, violence, racism, politics, or other inappropriate materials.
• The project team faces potential dissolution.
• The project faces liquidation, bankruptcy, or any situation that may lead to bankruptcy.
• Any other events that could significantly impact the token price or are reasonably expected to cause price volatility (including token unlocking and repurchase lockups).

 

(5) Any factors XT deems necessary to add the ST label after a comprehensive evaluation through inquiries, routine reviews, special reviews, or on-site investigations.

 

(6) Any other situations XT.COM determines as serious violations.

 

3. Removal of the Special Treatment (ST) Label 

If the project team takes appropriate corrective actions and the project team or token is reviewed to no longer meet any Trigger Events, XT.COM reserves the right to remove the ST label based on the actual situation.

 

Reminder:

1. The new standards apply only to USDT-denominated trading pairs. Non-USDT trading pairs of the same token will follow the rules applied to the token’s USDT trading pair for ST labeling and delisting.
2. The new standards do not apply to fiat trading pairs.
3. The above conditions are not fixed. XT will adhere to a customer-first service philosophy and continuously optimize the ST rules based on the project’s actual situation. XT reserves the right to modify the above rules at any time, with the updated rules taking effect immediately upon announcement. If you have any questions, please feel free to contact the XT team.

 

4. Conclusion: Risk Warning as a Starting Point for Building a Healthy Ecosystem 

The Special Treatment (ST) label is designed as an early warning and corrective mechanism. It reminds all market participants that while the digital asset market is full of opportunities, it also comes with high risks. By establishing the ST management rules, XT not only strengthens the platform’s risk management capabilities but also commits to guiding the industry toward a more standardized, transparent, and healthy development path.