To List or Not to List? There Is A Guideline

Frequently-asked questions about the delisting mechanism are answered

OKEx
OKEx
Aug 31, 2018 · 3 min read

Earlier this month (Aug 2018) we announced the industry’s first token delisting mechanism on our trading platform along with a list of projects to be delisted. This news very soon garnered voices over the new rules, both supportive and questioning, which we are aware of. As such, on top of the announcement, we would like to answer some frequently-asked questions raised in the community to ensure the transparency of the system.


What is the objective of the delisting mechanism?

The aim is simple: to keep the market health and transparent to thrive.

Blockchain technology is an important breakthrough that enables many game-changing ideas and applications to sprout. While we support many projects to tap into the market, it is also our responsibility to make sure our traders’ interest is protected at the same time. That’s why the OKEx team agrees that, by tightening the rules, it helps bolstering the healthy growth of the ecosystem.

What will make a project delisted?

We have announced a detailed description of the delisting mechanism (click HERE to read) for everyone’s reference. Simply put, here are the major aspects we take into account when delisting a project:

‧ Market misconduct
‧ Technical or security flaws
‧ Inadequate disclosure
‧ Low trading volume
‧ Poor project maintenance
‧ Request by the project team

Why were some popular projects delisted?

We noticed our community members had a concern over this question.

To expand on the above question, trading volume is not the only criteria when considering delisting a project. Since the launch of the mechanism, there have been projects delisted because of project teams’ requests as well as operational problems. If you have any questions about the projects delisted, please feel free to reach out to us at support@okex.com.

What if I didn’t withdraw my tokens before the delisting time?

We will announce the delisting time of a token very time. You should cancel all pending orders and withdraw the asset before the time, although the orders will still be automatically cancelled with the asset returned to your spot account after the token is delisted.

Can the delisted tokens be re-listed on OKEx in the future?

We don’t shut the door for good to the delisted projects. If a delisted project would like to get re-listed and is ready to do so, we always have our door open.


Our delisting mechanism is still in its infancy, but it would be a material change in shaping a healthier blockchain ecosystem for all. If you have any suggestions on how we could do better, please feel free to let us know via email or our social media channels.


Risk Warning: Trading digital assets involves significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.


OKEx Blog

World’s Largest Spot & Futures Cryptocurrency Exchange

OKEx

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OKEx

Buy & sell Bitcoin, Ethereum and more at the world’s largest spot & futures cryptocurrency exchange. http://www.okex.com

OKEx Blog

OKEx Blog

World’s Largest Spot & Futures Cryptocurrency Exchange

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