Major Crypto Exchange From South Korea, Coinone, Shares Official Checklist for New Coin Listings
The third-largest crypto exchange of South Korea, Coinone, has decided to create a set of criteria for the company that wants to let people trade their tokens on the platform.
Now, all candidates for listing on the platform will have to ensure that they follow a total of nine criteria before they are allowed into Coinone.
Some of these criteria will take into account things such as a good business model, long-term strategy and vision, distribution plans, transparency, marketing plans and more. Basically, only great investments will be allowed in the platform moving forward.
All potential tokens will be reviewed and the team behind the protocol will be taken into account as well when determining if they are good enough.
Non-compliant Tokens Will Be Delisted
If a token is not compliant with the rules, it will end up being delisted. For instance, if the quality of the protocol goes down or if the companies lack transparency or engage in market manipulation, they will be delisted. Any involvement with criminal activity will be the reason for an instant ban. Blockchain failures and other technical problems will be also taken into account.
Whenever a token is failing at one of these instances, it will be warned once. If the company is not improving on the matter that caused the trouble in the first place, then the delisting will happen sometime after the company was first warned.