Dear XTers:
XT is committed to providing a safe, fair and self-made trading platform for digital technology enthusiasts, and exploring high-quality blockchain projects for global investors and community members. In order to bring the ultimate trading experience to users, XT continuously observes the projects that have already been listed, and warns, hides the trading pairs or delists currencies / trading pairs that fail to operate well and have potential security risks.
1. Rules for hiding currencies/trading pairs
1) Display Hidden
To bring the perfect trading experience to users, at 14:00 on February 10, 2020 (HKT), XT has started to hide the trading pairs that have been listed but fail to meet the "trading requirements (see the clause below for details)." The hidden trading pair cannot be displayed in the "Official Website Homepage" and "Spot Trading" list, but the trading pair can be found by searching in the "Spot Trading" list. The transaction function of the hidden trading pair will not be affected temporarily, and the display will resume the next day when the transaction standard is reached.
2) Deep Hidden
The trading pairs in "Display Hidden" up to 5 consecutive days will enter "Deep Hidden." When entering "Display Hidden," the trading pairs cannot be displayed in the "Official Website Homepage" or "Spot Trading" list, nor can be found through the "Spot Trading" list search, but can only be found through the website of the webpage. For the project in Deep Hidden, the initiator of the project is required to apply for and reach the specified transaction volume before entering the spot-trading list (there is only one chance for each trading pair to be recovered from Deep Hidden to Spot list). The platform reserves the right to delist the project of entering the Deep Hiding at any time.
2. Rules for delisting currencies/trading pairs
1) Project and team
(1) If there are significant changes including project positioning, product, business model or essential team member changes, and XT is not notified 15 days in advance for re-review, or the project is privately transferred or sold, the platform will delist the project.
(2) The documents or materials provided by the team (including financial information, business conditions, or core team members, etc.) are fraudulent, concealed, significant omissions, or misleading.
(3) There are unethical business practices or dishonest behaviors among core team members. For example, suspected of operating the market, misleading the community, individuals facing significant legal issues, or related project interest transfer, etc.
(4) The core members of the project or team are involved in lawsuits, arbitrations, significant administrative penalties, or other major negative news.
(5) The progress of project promotion and R & D is seriously lagging, or inconsistent with the official release of white papers and other roadmap progress.
2) Trading requirements (applicable to reference rules for hidden trading pairs)
(1) The total supply is temporarily increased or forked without notice to XT.com and users in advance.
(2) The average daily trading volume of a single trading pair is less than 10,000 USDT.
(3) The project party deliberately conceals significant events that may seriously affect the currency price.
(4) The difference between deep orders is higher than 20% (random detection by the system).
(5) Where the depth of each order is less than 20 tiers, and the number of orders is too small.
(6) The price of the current currency has fallen too much compared with the highest price in history.
(7) If the currency price falls sharply (≥ 50%) in a short period of time (30-minute line), or a large number of users complain (if so, the program will automatically lock the remaining assets in the selling account, and compensate the damaged users according to the situation after investigation).
3. Operation Conditions
(1) The project is not maintained, or the project's operators cannot be directly contacted; the operators are contacted to inform the non-compliance but refuse to rectify.
(2) The website is inaccessible, and the official social media (Twitter, Facebook, etc.) and the community have no operation and maintenance for more than one month.
(3) Without legal procedures or prior written consent, the relevant information of XT.com will be released to the public and severely damage the interests of XT.
(4) Maliciously spreading some misinformation in the community, severely damaging XT or the reputation of the community, and not claiming rectification after warning.
4. Technology Security
(1) There are security vulnerabilities, such as overflow in smart contract code.
(2) The semantic of white papers is inconsistent with the implementation of smart contracts.
(3) There may be a potential safety hazard when the mainnet of the project is switched.
(4) Major security loopholes due to technical reasons that cannot be fixed in time or at all.
(5) The project occurs, or there is a 51% risk of being forked.
(6) Failing to properly handle the unmapped part of the old currency after replacing contracts or upgrading the mainnet of tokens, resulting in user complaints and refusing to rectify.
5. Other Conditions
(1) Failing to cooperate in dealing with sudden abnormal fluctuations of tokens in time.
(2) Failing to respond to the community or maliciously slandering the community.
(3) Handling other significant emergencies, etc.
Thanks for supporting and trusting XT.com
XT.com Global Operationn Team
February 6, 2020