To Our Valued BITOY Users,
To better protect users and maintain a high-quality trading market, BITOY continuously monitors and evaluates all listed digital assets (referred to collectively as TOKEN) and may delist certain TOKENs due to factors such as low liquidity and trading volume.
Outlined below are the principal evaluation criteria and rules that guide BITOY's delisting process:
- Significant Modifications: Any major changes within the project's team, its products, or business model must be re-evaluated by BITOY. Unauthorized alterations or private transfers of the project will result in immediate delisting of the token.
- Information Authenticity: Discovery of material misrepresentation by the project's team or involvement in market manipulation or legal disputes will instigate a thorough investigation and could culminate in delisting.
- Regulatory Compliance: Projects deemed illegal or non-compliant by the SEC or equivalent authorities are subject to delisting.
- Undisclosed Issuance/Forks: Tokens must notify BITOY and its users of any issuance or forks at least 15 days prior. Failure to do so may result in delisting.
- Trading Volume: Tokens with a 7-day trading volume below 5 BTC face evaluation for potential delisting.
- Concealment of Significant Information: Intentional non-disclosure of pivotal information by the project team that impacts the token's value may lead to delisting.
- Disclosure Accuracy: Providing false or misleading information to users or the platform will result in delisting.
- Maintenance Deficiency: Lack of updates to the project's official website or social media channels for over two weeks will be reviewed for potential delisting.
- Marketing Conduct: Marketing activities that significantly harm BITOY or its user base may lead to delisting.
- Developmental Delays: Considerable deviations from the project's white paper or roadmap, or the absence of progress updates, may lead to delisting.
- Developmental Stagnation: Inactivity in the project's codebase/GitHub or lack of product updates will be grounds for evaluation for delisting.
- Unaddressed Risks: Security issues such as mainnet exploits, smart contract flaws, or vulnerabilities to 51% attacks, if not rectified in a timely manner, will result in delisting.
- Illicit Activities: Suspicions of money laundering, fraudulent activities, or engagement in pyramid schemes will lead to immediate delisting.
BITOY will notify our users in advance of any delisting decision. However, under some circumstances we may perform immediate action without prior notice. Delisting schedules will adhere to the timing of public announcements.
We recognize that delisting can be inconvenient and extend our sincere apologies for any disruptions. Your understanding and support are greatly appreciated. We invite our users to contribute the latest project updates to enhance our monitoring efforts.
Should you have inquiries, please reach out to us at support@bitoy.com .
[Risk Advisory] The crypto market/activities carry inherent risks, and digital investment decisions should be made cautiously. Users are advised to consider carefully and assess their financial standing and risk tolerance.
Kind Regards,
BITOY Team
April 8, 2024
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