Gate.io Results of Token Administration Regulations
#Gate.io Token Administration Regulations
As one of the oldest exchanges in the industry, Gate.io does not charge any listing fees and has always adhered to the principle of transparency and “security first,” never allowing wash trading nor any kind of market manipulation. To provide a fair and secure trading environment, to protect our users’ interests, and to promote the sustainable development of the blockchain industry, Gate.io introduced Token Administration Regulations on December 21, 2019 (for further details, please refer to https://gatecn.io/article/17192). The regulations aim to standardize the token administration. Projects which violate the regulations will be handled accordingly.
#Gate.io Results of Token Administration Regulations
Currently, Gate.io assesses projects based on their legitimacy, technology and security, market performance, general development progress and public opinion towards the project. After a further review of all listed projects for nearly one month, Gate.io will transfer the projects that failed to mitigate the issue to Low Liquidity Trading Area.
The transferred List:
The Transferred Time: February 10, 2020
Please be informed that owners of abovementioned cryptocurrencies need to proceed accordingly to prevent possible loss of assets.
#The Process of Gate.io Token Administration Regulations
The projects that were transferred to the Low Liquidity Trading Area are given 6 months to update accordingly to meet the regulations and will receive the due diligence again 6 months later. During this process of updating, the project owners should inform Gate.io of the status in a timely manner, which will be an assessment factor.
After the due diligence, the project can require a re-assessment from Gate.io. If the project passes the assessment and maintains to do so for 30 consecutive days, the project will be transferred back to the regular trading area. And those who fail to pass the assessment will continue staying in Low Liquidity Trading Area or be removed.
Gate.io has always aimed to provide a secure and safe trading environment and to offer the best user experience possible. We sincerely appreciate your support and we welcome suggestions concerning the Token Administration Regulations. If you have found major safety issues in any projects listed on the platform, please tell us via email ([email protected]).
Gate.io reserves the final right to interpret the Token Administration Regulations.
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February 5, 2020