Coin/Token Delisting Policy

Introduction

BitnetX, as a trading platform, upholds the highest standards of integrity and security. To maintain the quality of its listings and protect its users, BitnetX reserves the right to delist and delete any coin/token from the exchange under certain circumstances. This policy outlines the criteria and procedures for delisting coins/tokens from the BitnetX platform.

Criteria for Delisting

BitnetX may delist a coin/token under the following circumstances: a) The initiator or the official project team of the coin/token is terminated and/or requests delisting of the token. b) The project is facing legal issues. c) The daily trading volume of the coin/token has been less than $7000 in equivalent for 15 consecutive days. d) The project has withheld information from the exchange or provided inaccurate information, especially if it is necessary to prevent and/or stop scams, frauds, manipulation, security threats, or other unlawful activities such as hacking of the exchange, related to the coin/token are discovered. e) The project team of the coin/token refuses to provide the costs of additional work and efforts of the BitnetX platform team including but not limited to system upgrades, wallet updates, changes of the blockchain, etc. f) Non-payment of overdue fees(s) of listing and/or usage of the BitnetX server. g) Breach and/or non-fulfillment of any part of Agreement, Terms and Conditions, and other terms of use of the platform.

Evaluation Criteria

  • Strong Project Ideal: The coin/token must be supported by a strong project ideal operated by a competent and reliable team with professional technical support.
  • Compliance: The project must showcase compliance and be free of any policy risks.
  • Information Transparency: The project must provide all necessary information with honesty when requested, including whitepapers and progress reports.
  • Liquidity and Trade Volume: Projects with high liquidity and good trade volume on other trustworthy exchanges may be considered.
  • Working Item or MVP: Accessibility of a working item or MVP is a key indicator.
  • Roadmap: Availability of a roadmap with progress and deadline adherence.
  • Team Appraisal: Record of successful projects and team motivation.
  • Market Value Assessment: Evaluation of the project's convenience and relevance for the market and end clients.
  • Social Media Presence: Appraisal of social media accounts and organic activity.
  • Project Progress Reports: Regular reports on project progress and effective responses to clients' requests.

Accepting Payments in Coins/Tokens

BitnetX may accept payments in coins/tokens if the project meets the following criteria:

  • The project has high liquidity and good trade volume on other trustworthy exchanges.
  • The project is deemed favorable and positive for other reasons by the BitnetX team.

Delisting Procedure

Prior Notice: BitnetX will issue a prior notice to the initiator or the official project team of the coin/token indicating the reasons for potential delisting and providing an opportunity for them to respond.

Review Process: BitnetX will review the response from the initiator or the official project team and evaluate whether the coin/token should be delisted based on the criteria outlined above.

Delisting: If BitnetX determines that delisting is warranted, the coin/token will be delisted from the exchange, and all trading pairs associated with the coin/token will be removed.

Notification: BitnetX will notify its users of the delisting through its official channels, including the BitnetX website and social media platforms.


BitnetX's delisting policy is designed to ensure the integrity and security of its platform. By adhering to these guidelines, BitnetX aims to protect its users from potential risks associated with coins/tokens that no longer meet its listing criteria.

BitnetX prioritizes the protection of its users' interests and maintains high standards for the listing of coins/tokens on its platform. The evaluation process ensures that only projects with strong fundamentals and compliance measures are accepted. This policy outlines the criteria used to evaluate projects applying for listing on BitnetX.

Conclusion

BitnetX's listing evaluation criteria are designed to ensure that only projects with strong fundamentals and compliance measures are listed on the platform. By adhering to these criteria, BitnetX aims to protect its users and maintain a secure and reliable trading environment.