On 18th of December, 2018, we announced a six-month grace period for projects that have tickers on Waves DEX to undergo BetterTokens review to maintain those tickers. We are now extending this period for another 6 months.
The reason for this extension is that Waves team will implement an alternative option to obtain and maintain tickers on Waves DEX, which will be based on community voting under the framework of the Decentralised Token Rating System. Details of this process and criteria to obtain tickets from community voting will be announced during the next six months.
Projects that have not obtained Qualified Token Issuer status from BetterTokens or Community approved status from the voting system will lose their tickers and become searchable only by Token ID once the new grace period is over.
The last six months have proved that our community and issuers are interested in enhancing the quality of digital assets listed on DEX. Considering this fact we also have decided to set the new subsidy programme, fixing the new BetterTokens review cost for the issuers at 100 WCT, as was announced last week.
We believe that the proposed transformation of the verification procedure with the additional layer presented by the community members will improve investor protection making the Waves ecosystem, in general, a better and safer environment. We urge our community members to participate in the collective evaluation and give their feedback regarding upcoming novelties.