Bitget announces latest coin listing standards and strengthens token review process
2024-10-10 10:09
Odaily News Bitget announced that it will update the listing standards and further strengthen the token review process. All projects to be listed must pass a rigorous comprehensive evaluation, focusing on the token economic model, token supply and distribution, practicality, and the background and qualifications of the development team. In addition, Bitget also requires projects to submit detailed business plans and roadmaps. This series of measures is aimed at improving the transparency and trust of the platform, protecting the interests of users, and preventing related risks. For newly listed projects, Bitget will focus on evaluating fully diluted valuation (FDV), financing background, token unlocking schedule, and financial, security, compliance, political and ethical risks; for tokens already in circulation, the review will focus on on-chain data analysis and the comparison between 24-hour trading volume and FDV; for tokens already listed on other exchanges, it will focus on smart contract security and token distribution. Bitget's Chief Legal Officer Hon Ng emphasized: "Any project to be listed on Bitget must undergo rigorous legal and technical review to ensure that the code quality, security and compliance meet Bitget's listing standards. Our measures are to better protect users and avoid high-risk projects. Projects that do not meet the standards will not be listed on the platform." Bitget CEO Gracy Chen said: "Our goal is to create a safe and trusted trading environment. By implementing these strict listing standards, we are not only protecting users, but also ensuring that the projects on Bitget have long-term development potential. We are committed to further expanding the spot market in the next few years, and these strict standards are an important part of achieving this strategy. In addition to the pre-listing review process, we will also provide continuous support to high-quality projects after the project is listed to help them achieve long-term success." This update is part of Bitget's global strategy to enhance user security and strengthen platform compliance to help the crypto industry grow healthily.
