To maintain a fair, transparent, and healthy trading environment, protect user interests, and promote the healthy development of the blockchain industry, Echobit continuously monitors and evaluates all listed digital assets (hereinafter referred to as “tokens”). If certain tokens present sustainability issues or security risks, Echobit will take appropriate measures, including warnings, concealment, or delisting.
Below are the key evaluation criteria and rules for Echobit's digital asset delisting:
1. Project and Team Factors
- Major Changes: If the project team, product, or business model undergoes significant changes, it must be resubmitted for Echobit's review. Unauthorized changes or private transfers/sales of the project may result in direct delisting.
- Information Authenticity: If team members provide false information or are involved in market manipulation or legal issues, Echobit will investigate and may delist the relevant token.
- Legal Compliance: If a token is deemed illegal or non-compliant by the SEC or other regulatory authorities, it will be immediately delisted.
2. Token and Trading Factors
- Unannounced Token Issuance or Forks: If the project team conducts token issuance or forking without notifying Echobit and users at least 15 days in advance, the token may be delisted.
- Low Trading Volume: If the token's 7-day trading volume is below 5 BTC, it will be considered for delisting.
- Concealing Critical Information: If the project deliberately withholds key information affecting token prices, it may result in delisting.
3. Operational Factors
- False Information Disclosure: If there are actions that mislead users or the platform, the token will be directly delisted.
- Lack of Maintenance: If the project's official website or social media remains inactive for 2 consecutive weeks, it may lead to delisting.
- Improper Marketing Behavior: If the project engages in marketing activities that severely harm Echobit or user interests, it will be delisted.
4. Project Development Factors
- Significant Progress Delays: If project development is seriously behind schedule according to the whitepaper or roadmap and lacks clear updates, it may be delisted.
- Low Development Activity: If the code repository (e.g., GitHub) has not been updated for an extended period, or if product iterations have stalled, delisting may be considered.
5. Security Issues
- Security Risks: If the mainnet switch presents security risks, smart contract vulnerabilities remain unfixed, or the project is at risk of a 51% attack, it may be delisted.
- Illegal Activities: If the project is suspected of money laundering, fraud, or pyramid schemes, it will be immediately delisted.
6. Delisting Notification
Echobit will strive to announce delisting decisions in advance. However, in certain urgent cases, tokens may be delisted without prior notice. The official announcement will determine the exact delisting time.
7. User Rights
We understand that delisting decisions may cause inconvenience to users, and we sincerely apologize for this. We appreciate your understanding and support. Echobit welcomes users to provide the latest updates on projects to help us better oversee their operations. If you have any questions, please feel free to contact the Echobit support team.
Thank you for choosing Echobit. We will continue to provide you with an efficient and secure trading experience!
Echobit Team