In order to better regulate tradings and protect the interests of users, XT has now upgraded its risk control system and will strictly manage the trading behavior of users according to the regulations as follows:
I. Rules on abnormal trading behavior identification.
Any of the following behaviors occur in the course of trading will be deemed as abnormal trading behavior.
(i) Self-trading: Registering multiple accounts on the same device or under one person’s name to obtain airdrop rewards and/or other rewards.
a. The act of making transactions in which the same entity takes both sides of the trade, whether it is conducted by accounts registered on the same device or under one person’s name;
b. The act of one or more associated accounts placing matched orders to make swaps between accounts and manipulate market prices of tokens.
Note: Rules of identification: Multiple accounts with the same source of funds and/or under the same IP trade simultaneously, place orders in short intervals, and make internal transfers.
(ii) Placing/Cancelling orders frequently.
a. The act of placing/cancelling orders frequently during the day, which may affect the trading price or mislead other users.
b. The act of placing/cancelling multiple large orders during the day, which may affect the trading price or mislead other users.
(iii) The act of using programmed trading methods to issue trading instructions, which may affect the security of the XT system or the order of normal trading;
(iv) The act of taking advantage of service loopholes or other unreasonable means to violate the rights and interests of other users or XT Exchange.
(v) The act of opening transactions on certain products (including but not limited to spot trading, contract trading, and margin trading) within one day exceeding the limited amount transaction volume set by the Exchange.
(vi) The act of hacking into other users’ accounts; using other users’ accounts or associated accounts for trading, transferring funds and/or related illegal acts.
(vii) The act of making frequent deposits and withdrawals: Frequently making deposits of a particular coin within a day in exchange for withdrawals of other coins.
(viii) Other trading behaviors deemed as abnormal by XT Exchange.
II Regulations on abnormal trading behavior.
(i) required to submit advanced KYC verification and video for verification;
(ii) required to submit transaction records;
(iii) restricted, suspended or terminated from the access to the official website of XT Exchange;
(iv) restricted from opening positions, required to close positions within a certain period of time, and/or forced into liquidation;
(v) restricted from transfer in/out assets.
(vi) The user’s account will be disabled and the remaining assets confiscated.
(vii) Other measures may be taken in accordance with the business rules of XT Exchange.
Users participating in trading on XT.COM shall comply with laws and regulations and the business rules of XT Exchange. They shall also accept the reasonable management and monitoring of their trading behavior by XT Exchange, and follow the norms of trading behavior.
XT has the right to seek all remedial measures that are fair and permitted within the law for abnormal trading behavior, including but not limited to restricting all trading activities of the account that commits abnormal trading. XT will not be responsible for any economic loss caused by suspected violation of these rules.
All information displayed on XT.COM does not constitute investment advice. XT.COM does not take responsibility for any direct or indirect losses resulted. XT.COM does not assume responsibility for guarantees or compensation for depositing or locking positions.
XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website with or without notice.
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May 31, 2021
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