Extension of the review period and community voting

bettertokens.org
Jun 18, 2019 · 2 min read
Image for post
Image for post

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.

BetterTokens

BetterTokens is a non-profit organization that functions as…

bettertokens.org

Written by

BetterTokens is a non-profit organization that functions as self-regulating body and develops due diligence standards for companies engaged in tokenization

BetterTokens

BetterTokens is a non-profit organization that functions as self-regulating body and develops due diligence standards for companies engaged in tokenization

bettertokens.org

Written by

BetterTokens is a non-profit organization that functions as self-regulating body and develops due diligence standards for companies engaged in tokenization

BetterTokens

BetterTokens is a non-profit organization that functions as self-regulating body and develops due diligence standards for companies engaged in tokenization

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store