DigiFinex Announcement on Token Delisting and Trading Pair Deactivation Rules

DigiFinex, as a digital asset trading platform, is committed to providing a healthy and positive trading environment for our users. To protect users' interests and promote the healthy development of the blockchain industry, the platform will monitor the tokens listed. Tokens from blockchain innovation projects that fail to operate continuously or pose security risks will be issued warnings. In cases of extreme severity, tokens will be hidden or their trading pairs will be delisted.

Rules for Hiding Tokens and Delisting Trading Pairs

The rules for hiding tokens and delisting trading pairs include, but are not limited to, the following criteria. These rules may not be exhaustive, but DigiFinex generally uses them to assess whether a token or trading pair from a blockchain innovation project should be hidden or delisted:

Project and Team
1. If the project team, product, or business model undergoes significant changes, they must notify the DigiFinex team for a re-evaluation. DigiFinex will conduct an objective review based on the project’s circumstances. If changes are made without DigiFinex’s consent or if the project is privately transferred or sold, the platform will delist the project.
2. If the project team’s founders, co-founders, or advisors are found to have falsified personal information, or are involved in market manipulation, significant legal issues, or negative activities (e.g., drug involvement, data theft), DigiFinex will re-initiate a background check on the team members. Trading will be suspended during the investigation. If the findings are favorable, trading may resume; otherwise, the project will be delisted.
3. The project itself is reported by the SEC or other national and regional judicial or regulatory bodies for suspected violations.

Token and Trading Aspects
1. Temporary issuance increase or forks of the token supply without notifying the trading platform and users at least 15 days in advance.
2. A trading pair with an average daily trading volume below 20,000 USDT for a consecutive week; a trading pair with zero transactions in 24 hours.
3. The project team intentionally conceals significant events that could severely impact the token price.
4. The addresses of the team and foundation have never been disclosed on the official website or social media, and the token does not follow the lock-up mechanism and disclosure rules.

Operational Aspects
1. Major discrepancies in information disclosure, deceiving users and the trading platform.
2. Inaccessible websites, and social media and community channels not maintained for over two weeks.
3. No presence on mainstream social media like Telegram, X(Twitter), Facebook, etc., and inability to address negative media reports.
4. No project progress updates (e.g., development progress, version updates, team movements) on social media or the official website for a month.
5. The project’s promotional or marketing activities severely damage DigiFinex or community interests.

Project Implementation
1. The project development does not follow the timelines planned in the whitepaper, with no response announcements on the official website regarding delays.
2. Public chain/protocol layer projects with no source code updates (GitHub) for three months, and application projects with no product version updates for three months.
3. The project is suspected of illegal activities such as money laundering, fraud, or pyramid schemes.

Technical and Security Issues
1. Security risks during the project’s mainnet switch, with the project team refusing to pay a risk deposit.
2. Security vulnerabilities like overflows in smart contract codes.
3. The project experiences or is at risk of 51% attack forks.

Process for Hiding Tokens and Delisting Trading Pairs

DigiFinex may hide tokens or delist trading pairs without prior notice to users. However, DigiFinex will generally notify users in advance through an announcement. The final timing for hiding or delisting a token will be based on the timeline specified in the announcement.

Creating a positive trading environment relies on the support and assistance of our users. We welcome users to actively provide the platform with the latest information on various projects to aid our review process. We understand that delisting trading pairs or hiding tokens may cause inconvenience to users, and for this, DigiFinex offers its sincere apologies and hopes for users’ understanding.

DigiFinex Team

August 14, 2024

DigiFinex communities:
Telegram Official Community: https://t.me/DigiFinexEN
Official Facebook: https://www.facebook.com/digifinex.global
Official Twitter: https://twitter.com/digifinex
Official Instagram: https://www.instagram.com/digifinex.global
Official Medium: https://medium.com/@digifinex
Official Reddit: https://www.reddit.com/user/DigiFinex/
Official Kakao: https://open.kakao.com/o/giKpLDsb

DigiFinex (digifinex.com)DIGIFINEX LIMITED. reserves all rights of this event, including but not limited to adjustment, explanation and termination at any time.

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