A Word on IonChain (IONC) De-Lising

On July 17th, IDEX was informed by several community members that there was suspicious wallet activity occurring on the IONC** team wallet.

To protect our users, we only list tokens as long we’re comfortable that they follow the applicable laws and meet our standards. As soon as we learned of this possible situation, we de-listed IONC and are looking into the matter further. We have reached out to known team members via various forums — email, Twitter, LinkedIn, Telegram, etc., asking for details along with answers to our questions. We have not received any information from the team at the time of this writing.

Why IDEX De-Listed IONC

Our main goal is to ensure that trading on our platform meets the highest standards of quality control so that unsuspecting traders will not be caught in a developing situation they are unaware of. We proactively de-listed after confirming this information, but unfortunately this means that those who currently own the token are not able to trade on IDEX. However, users will still be able to withdraw them.

Moving Forward

We will continue to react quickly to circumstances such as these to protect our community, while investigating and verifying information received. This process can take time, but ensures we are de-listing only when the information gathered warrants it. Anytime we de-list a token we consider our internal policies and procedures and our commitment to protecting our community. We have appreciated the feedback in regards to this matter and look forward to continued discussions on how we can improve.

~The IDEX (Aurora) Team

*Note: IDEX vets all the tokens that are added to the platform to make sure that the project has a strong following and the token contract is correct. IDEX de-lists tokens when it determines they no longer meets IDEX’s token listing standards. It is ultimately the responsibility of traders to do their research and determine if the token is a right fit for them. When IDEX lists a token, it is not an endorsement that the token is a good buy. It shows only that the token has passed the initial screening. IDEX is ultimately not responsible if the token or its team does not deliver on its promises.

**Not to be confused with IONChain, a separate project.

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