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ST Warning Rules

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MEXC
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Last revision date: [2023-01-29]

 

To promote a mature and responsible development of the blockchain and digital tokens industry, as well as to safeguard the interests of users, MEXC will be implementing an ST Warning procedure to projects should either of the following circumstances occur:
  1. The token price of the project is lower than 10% of its initial price at the listing.
  2. There are no more than 100 MEXC users holding above 5 USDT worth of the project tokens in their MEXC accounts.
  3. There are any technical or security breaches with its smart contract code or other infrastructure governing the project.
  4. The project or token is or is potentially in violation of any of its legal or regulatory obligation.
  5. Negative news, press releases, or social media posts about the project or tokens are being published or circulated.
  6. The project or token experiences extreme price volatility.
  7. The project is experiencing any other concerning circumstances.
Should any of the circumstances above occur to a project or token, MEXC will place an "ST" warning tag on the relevant trading pair(s) and conceal the relevant trading pair(s). MEXC will thereafter conduct a comprehensive assessment of the project. The assessment will include the project team fulfilling the following items (the “Requirement Items”) to a satisfactory level:
  1. proper updates to the smart contract code and fulfillment of commitments made in the white paper;
  2. the daily trading volume of the relevant trading pair(s) shall not fall below 50,000 USDT (or equivalent);
  3. the project tokens hold on the project team’s account(s) are less than 20% of the tokens held by all other users of MEXC;
  4. the project team and its affiliates are not involved in any acts, press releases, or social media posts causing serious damage to the project community or MEXC or in serious violation of laws and regulations.
  5. the project is operating normally and the project community has absorbed a significant number of users recently;
  6. the project team and its affiliates do not fabricate false information, which resulted in abnormal fluctuations in the token price or conduct any acts suspected of price manipulation.
  7. the project token is listed and available for deposit and withdrawal on any of the top 40 exchanges (excluding MEXC), as ranked on Feixiaohao (https://www.feixiaohao.co/) or CMC (https://coinmarketcap.com/);
  8. other assessment items as determined by MEXC.

 

If the project satisfies at least four of the Requirement Items and the token’s current price is close to its initial price at listing, the project will enter into a three-calendar-day period of observation (the “Observation Period”), after which the "ST" tag will be removed if the project runs well in general regarding the Requirement Items.

 

If the project fails to satisfy at least four Requirement Items, the project team shall rectify the project within a period of three(3) calendar days (the “Rectification Period”). If the project is able to satisfy at least four Requirement Items within the Rectification Period, it will enter into the Observation Period, after which the "ST" tag will be removed if the project runs well in general regarding the Requirement Items.

 

If the project fails to satisfy at least four Requirement Items after the Rectification Period, the relevant trading pair(s) will be suspended trading and delisted.

 

MEXC reserves the right to amend the above rules from time to time and the amended rules will take effect immediately upon publication. Please contact MEXC officials if you have any questions.

 

MEXC Team

29 January 2023

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