Section I - Objective and Scope
AscendEX Post Listing Administration Guidelines (“the Post-Listing Guidelines”) are designed and instituted to protect interests of AscendEX users, and to specify the administration processes and requirements of listed tokens on AscendEX platform. This Post-Listing Guidelines will be applicable to all clients that have officially partnered with AscendEX through a Cooperation Agreement, as well as tokens AscendEX choose to list at own discretion.
(1) Clients: Refers to entities that have already listed or have significant interest in listing a specific digital asset on AscendEX, including but not limited to juridical person, the team, the natural person of a specific digital asset, and representative who is willing to assume responsibility for one; and,
(2) Tokens: Refers to digital assets listed and traded on AscendEX trading platform.
Section II – Inquiry and Communications
AscendEX will conduct inquiries with Clients on project development status, and major events that might significantly affect token prices both on a regular or irregular basis. Communication methods may include, but are not limited to:
(1) Official email provided by Client or disclosed publicly;
(2) telephone number provided by Client or disclosed publicly;
(3) instant messaging methods provided by Client or disclosed publicly, such as Telegram, Wechat, etc.; and,
(4) correspondence sent to a business address provided by Client or disclosed publicly.
Section III –Follow-on Reviews and Evaluations
AscendEX will carry out follow-on reviews and evaluate the following aspects provided or disclosed by Clients and consult Clients on relevant issues:
(1) The implementation of token vesting schedule of major token holders;
(2) continued safety reviews on codes and smart contracts;
(3) changes associated with key members participating in the token project;
(4) events that might affect token prices, including major partnerships, significant investments, etc.; and,
(5) other circumstances that AscendEX deems to be necessary for follow-on reviews and evaluations.
Section IV – Risk Disclosure
AscendEX will conduct risk assessment on a regular basis and whenever applicable, remind Clients of the following scenarios, and suggest appropriate action be taken regarding relevant tokens’ or accounts’ trading, deposit & withdrawal on AscendEX:
(1) Security/system vulnerabilities such as overflow and over-issuance that may exist in the smart contract codes;
(2) operational and security risk concerns such as theft from an external attack vector, double spend attacks;
(3) token unlocking / vesting that is different from the schedule published in the project’s whitepaper or the schedule communicated to AscendEX, without appropriate disclosure to AscendEX and the project’s community;
(4) changes involving project’s codebase or blockchain that might impact the listing, trading, or transfers of the token;
(5) significant security risk and potential user impact during mainnet switch; and,
(6) other scenarios where AscendEX deems necessary for risk disclosure.
Section V Hiding and Delisting
In the case where multiple attempts of communication and reminder have been made without reaching satisfactory resolution, AscendEX may take appropriate actions, including but not limited to: hiding or delisting relevant trading pairs, or delisting the token entirely, if one or more of the following scenarios occurs:
(1) Trading pairs of the token fail to meet with lowest liquidity requirements stipulated within the Cooperation Agreement;
(2) the Client or token is in severe violation of applicable legal and/or regulatory requirements, or subject to administrative penalty;
(3) the Client commits serious aspects of fraud, concealment of truth, or fabrication of truth, etc.;
(4) any significant risk disclosure (see Section IV) AscendEX deems severe and cannot be mitigated properly after evaluation;
(5) breach of conditions and requirements stipulated within Cooperation Agreement; and,
(6) other circumstances that AscendEX deems necessary for hiding and delisting.
AscendEX will officially inform client of the decision through email and will later publish the detailed arrangements. Subsequently, relevant tokens will enter the hiding or delisting process. Three business days thereafter, the hiding or delisting will be officially effective.
Hidden tokens will not be shown in the token list. AscendEX still supports trading of the hidden tokens, however they will only be able to be found by entering the tickers in the search field.
AscendEX has the right of amendment and final interpretation of this set of rules and guidelines.
Sept 2nd, 2019