In order to provide more and better developing opportunities for trustworthy communities, DigiFinex exchange released token listing program back in March this year, which received warm welcome and great support from users and projects founders.
Now, in order to further improve the development of new blockchain project, DigiFinex will release new points-based token listing program and plan to open DFT market. DFT is the base currency for trading and transaction fees is charged as DFT for buying/selling in DFT market. (DFT market is not involved in the trade mining)
Token Listing Rules
One: How to list a token？
1. All the project teams need to submit application, then after verified by DigiFinex professional verification team and freeze 10,000 DFTs as security deposit, may list their tokens in the DFT market.
2. On the last day of each month, the token with most points will be supported with some DigiFinex marketing resources.
Two: How to shift from DFT market to other market?
① The daily average trading volume of a token reaches 5 million CNY for 20 continuous days and the trading volume on a single day cannot be lower than 3 million CNY.
② Start to accumulate points and deposit certain amount of DFTs. The percentage that DFT affirmative vote points account for in the accumulating points should be more than 30%.
Three: The benefit of shifting market？
1. Receive DigiFinex official support, including but not limit to: token listing event support, design material support, home page promotion display, spreading promotion information to DigiFinex community, PR and media resource support, road show event support, market value management support etc.
2. Brand value-adding effect, including but not limit to: user globalization, approved by top 15 exchange main stream market, easy to be listed by Coinmarketcap, Feixiaohao or other main stream blockchain media platform.
Four: Under what conditions a new token will be forced to shift back to DFT market and lose qualification for getting listed?
1. If the trading volume of a token is lower than 200k CNY per day for 5 continuous days in DFT market, the token will be delisted and totally lose listing qualification.
2. If the price of a token decreased by 90% compare with ICO price for 10 continuous days in non-DFT market and has no sign of getting better, it will be shifted back to DFT market until it fulfills the requirement for shifting to non-DFT market again. The frozen security deposit will be used for compensation.
Five: Steps for token listing：
How to enter DFT market?
Fill up the application form ---- Official verification ---- Official announcement of selected token ---- Submit DFT deposit ---- Enter DFT market ---- List on DigiFinex exchange
How to shift market？
Satisfy the requirement ---- Submit DFT deposit ---- shift successfully
DFT market will be open officially after the application closed. Please wait for official announcement for more details.
Six: Important Notes：
1. The DFT transaction fee deducted in the DFT market will enter the official event pool (not involved in rewards sharing or circulation)
2. The frozen DFT from token listing team will not be involved in rewards sharing or circulation.
3. Trade mining is not applicable in DFT market.
4. The token will lose listing qualification if all the basic token listing conditions cannot be fulfilled. (e.g. a token is firmly believed to be an MLM token/trash taken)
5. The DFT security deposit will be frozen by DigiFinex. If a project is accused of being illegal, the deposit will be fully used for compensation.
6. DigiFinex exchange will monitor the trading condition of a token. If the project team is found involving in price manipulation, DigiFinex operation team will close the affected market immediately and delist the token. The deposit will not be refunded. Due to high risk of a start-up project, in order to protect the public interest, we accept public supervision and report. Any behavior related to MLM, cheating, money laundry or illegal financing, once reported and primarily confirmed, the related token’s trade and listing progress will stop immediately. If the confirmation finalized, the token will be delisted. Email for public report: email@example.com
Time of token listing application：Open
14th August, 2018
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DigiFinex exchange(digifinex.com) DIGIFINEX LIMITED reserves the right of adjustment and final explanation to this event.
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