As part of ABCC’s quarterly review to ensure tradability of assets of platform and enhance the trading experience for all users, all listed tokens will need to comply with the new set of policy established by the Liquidity Management Committee. ABCC will exercise the rights to delist any Project/Token issuer who fails to comply with the following policies on 1st November 2019. They are as follow:
a. Project/Token issuer to ensure the total depth of each of their token pair is more than the required number of BTC (50% on bid orders and 50% on ask orders) as conveyed by the Liquidity Management Committee
b. 24H trading volume should not fall below the volume as conveyed by the Liquidity Management Committee for more than 1 week continuously
c. Bid/Ask spread should not be more than the percentage as conveyed by the Liquidity Management Committee for more than 1 week continuously
d. Have invited more than the number of registered users as conveyed by the Liquidity Management Committee with at least 100 USD worth of tokens every number of days as conveyed by the Liquidity Management Committee from effective date
An invitation code for tracking of new sign up will be issued to all Project/Token issuers.
The new policy will be in-force with effect from 15:00, 10th October 2019 (UTC+8).
More information on the delisting will be available soon.
For further information, please contact our team at email@example.com.