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RexBit Market and Token Removal Policy 0 0

Last updated on May 29, 2019 02:59 in Frequently Asked Questions » Coin Developers
Posted ByRexbit Support

To help drive innovation in the blockchain industry, RexBit is committed to supporting both new and established blockchains. RexBit takes seriously its ability to provide its users with an ever-growing selection of blockchain technologies and digital tokens.

There are circumstances where RexBit may decide to remove a token from the RexBit Exchange. RexBit reserves the right to remove any token or market from its Exchange for any reason and without prior notice.

Although not exhaustive, below is a list of factors that RexBit generally reviews when determining whether to delist a token or remove a market:

  • Evolving regulatory standards and other compliance issues
  • Poor implementation of use cases or poor reception by the community
  • Blockchain or related technology becomes compromised or defective
  • Token no longer supported by the token team or others
  • Limited trading volume on the exchange or potentially suspicious trading activity
  • Experience with token applicant/team and their responsiveness to information requests
  • Violation of RexBit's terms of service or token listing agreement
  • Complaints by users or traders of the token

 

Delisting Process

RexBit may delist a market or token without prior notice. RexBit, in its discretion, may also publish its intention to delist a token or market in the future. Delisting notices will appear on the RexBit website under the market page.

If a market or token is flagged in advance for removal, the date of removal generally will be the second Friday after notification. For example, if a market is flagged for removal on a Wednesday, the market will be removed the next Friday (+ 9 days from notification). Nevertheless, RexBit reserves the right, in its sole discretion, to immediately delist a token or market if RexBit believes circumstances warrant.

 Token Withdrawal After Delisting

After a market or token is removed, RexBit generally seeks to provide users up to 14 days to withdraw any delisted tokens, but in certain instances, the withdrawal period may be shortened. Users should withdraw any tokens before the posted withdrawal deadline. There may be circumstances under which a user may not be able to withdraw a token due to events outside of RexBit's control. For example, there could be technical difficulties (e.g., the blockchain is broken) which prevent users from being able to withdraw their tokens.


** The time is base on America/Toronto timezone