Dear users:
As a world-class digital asset trading platform, MXC is always committed to creating a benign trading environment so that users can trade at ease. For this purpose, MXC will tighten the supervision for the listed trading pairs on MXC Platform. For those projects that are not properly operated or have potential security hazard, warnings will be given. Furthermore, if project parties severely violate relevant regulations, MXC has the right to hide or delist their trading pairs. The hidden trading pair is unable to be displayed in the crypto-list or rise & fall list. As a result, though its trade will not be affected, traders have to search the pair before trading.
Terms of Hiding or Delisting Trading Pair
The following terms may not cover every aspect that MXC applies for hiding or delisting trading pair, but they are commonly applied to assess whether the token of a project should be hidden or delisted.
1. Project and team
1.1 If the project team, product, business mode or token distribution rules are about to undergo great changes, the project party is obligated to inform MXC in advance for review again. MXC will conduct assessment properly according to the actual conditions of the project party. If the project party made such major decisions without the agreement of MXC, or transferred or sold the project to any third party, MXC has the right to delist the token of the project party.
1.2 If the founder, co-founder, counselor and key team members of the project manipulate personal information to deceive users, or are involved in market-price manipulation, legal disputes or other illegal conducts (for example: drug-related business, data stolen, capital embezzlement, etc.), MXC will re-launch the investigation of the project team member’s personal information. The trades will be suspended during the investigation. If they pass the background investigation, MXC will resume the trade. Otherwise, trading pairs of the token will be delisted.
1.3 MXC will hide or delist the projects that are alleged law/regulation violation by SEC of US, or judicial offices, watchdogs of other countries or regions.
1.4 MXC will hide or delist the projects whose key members are out of contact for more than 2 weeks.
2. Transaction
MXC will hide or delist the project, where:
2.1 the project party failed to inform MXC Platform and users the increase of total supply, or the token will be forked 15 days in advance.
2.2 the daily trading volume of the trading pair is less than 5 BTC or the daily number of traders less than 50 for a whole consecutive week; or there is no trade record for the trading pair in 24 hours.
2.3 the project party intentionally conceal the events that may greatly affect the price of the Token.
2.4 the address of the project team and foundation have never been noted on its official website or social medias, and the token information has not been disclosed in accordance with the token lock-up mechanism.
3. Operation
MXC will hide or delist the project, where:
3.1 the project party releases deceitful information to deceive MXC and users;
3.2 the project official website is unavailable, and its social media and community are out of management for more than two weeks.
3.3 the project party do not have WeChat, Facebook, Twitter or other major media’s account, and is incapable of response to any negative report from other medias.
3.4 None of project processes (for example: development progress, version upgrade, operation direction) has been disclosed on the project official website or social media;
3.5 the publication and market behaviors of the project party severely harm MXC platform and communities’ interests.
3.6 MXC receives large amount of complaints from the project communities, and the project party fails to make improvement after receiving notification from MXC.
4. Project development
MXC will hide or delist the project, where:
4.1 the development of the project does not comply with the timeline specified on the whitepaper, and there is not any notifications or announcements for such delays.
4.2 there is not any upgrade for the project source code (GitHub) on public chain/agreement, and there is no version upgrade for the application-oriented project product.
4.3 the project is involved in money-laundering, default and other illegal activities.
5. Technical security
MXC will hide or delist the project, where:
5.1 the project party refuse to pay security deposit even there may exist potential security risks upon mainnet swap of the project.
5.2 there are bugs in the project smart contract code.
5.3 there is potential that the project may be attacked by 51% or be forked.
Process of Hiding and Delisting
In general, MXC will inform users via official announcement before hiding or delisting a trading pair. The specific time will be in accordance with the time specified in the announcement as the risk levels of different projects are different.
Without the support and help of MXC community members, the mission of creating a benign trading environment is impossible. Therefore, MXC welcomes all users to provide information of all kinds about listed projects on MXC Platform. It is unavoidable to bring trouble and irritation in hiding or delisting trading pairs. We are sincerely sorry for this and hope users can understand.
MXC holds the final explanation right.
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Enjoying your trade on MXC.
The MXC team
September 2, 2019
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