Special Treatment Area For All Tokens Not Complying With KuCoin’s Quality StandardsWe are setting up a ‘Special Treatment Area’ on our exchange to separate tokens that have been performing well versus those which have not succeeded getting established among traders.
Those tokens which are placed in the Special Treatment Area, will be put under scrutiny and will face delisting from KuCoin if they fail to improve their performance.
Projects will be informed of their ST status and will be given a specific time to improve, otherwise, they will be delisted from the exchange.
KuCoin may designate a project as Special Treatment project for any of the following reasons:
*Low Trading Volume for consecutive 13*7 days.
*The company is likely to cease business activities in the following three months.
*The company faces liquidation, insolvency, bankruptcy or finds itself in a position subject to bankruptcy proceedings.
Negative opinion by KuCoin’s legal auditor.
*Failure to submit the update reports in accordance with the requirements of KuCoin exchange in terms of project development, status of the team and status of listings on other exchanges for consecutive 3*7 days.
*The Project or the team of the Project is likely to be dissolved.
*Any act considered as malicious or manipulative to the market.
Once designated as a“Special Treatment” case by KuCoin, the project will receive a special designation on its ticker symbol for at least 5*7 days of observation period as a warning to potential investors.
The ST Project shall be subject to observation during the Observation Period.
KuCoin may, by the end of the Observation Period, decide to delist the ST Project if the Project fails to meet the basic trading volume and token quality standards set by KuCoin. We are doing this in order to offer only the best and less risky crypto projects to KuCoin users.
Correspondingly, if the basic trading volume and other factors satisfy KuCoin’s demands by the end of the Observation Period, the ST ticker symbol will be removed and potential investors will see the project has taken action to reduce the risk for potential investors.
KuCoin exchange reserves the right, in its sole discretion and without prior notice, to immediately delist the ST Project.
Upon being delisted by the Exchange, any trade and deposit of the Project will be suspended.
A new approval and listing procedure shall be carried out in case the delisted Project wants to return to the Exchange.
https://news.kucoin.com/en/special-treatment-area-for-all-tokens-not-complying-with-kucoins-quality-standards/
