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Introduction

At MetaBenz, we are dedicated to maintaining the highest standards of integrity and security within our trading platform. To ensure the quality and reliability of the tokens listed on our exchange, we have established a thorough Token Delisting Policy. This policy details the criteria and procedures for removing tokens from the MetaBenz platform, safeguarding both our users and the overall ecosystem.

Criteria for Delisting

MetaBenz reserves the right to delist a token under specific circumstances to protect our users and uphold the platform's standards. Tokens may be considered for delisting if they meet any of the following conditions:

Project Termination or Request: The token's project initiator or official team requests delisting or disbands.
Legal Issues: The project faces significant legal challenges or regulatory issues.
Low Trading Volume: The token's daily trading volume falls below $7,000 USD equivalent for 15 consecutive days.
Information Integrity: The project withholds critical information or provides misleading details, particularly if it involves scam prevention, fraud, manipulation, security threats, or hacking concerns.
Financial Disputes: The project team refuses to cover additional costs for platform upgrades, wallet updates, or blockchain changes.
Fee Arrears: Outstanding fees related to listing or platform usage remain unpaid.
Policy Breach: Violations of the platform’s Agreement, Terms and Conditions, or other usage terms.

Evaluation Criteria

In evaluating tokens for delisting, MetaBenz considers the following factors to ensure that only projects with robust fundamentals remain on our platform:

Project Vision: The token should be supported by a well-defined project vision and managed by a competent team with strong technical support.
Regulatory Compliance:The project must adhere to all relevant policies and be free of compliance risks.
Transparency: Honest and complete disclosure of necessary information, including whitepapers and progress updates, is required.
Liquidity and Volume: High liquidity and solid trading volumes on reputable exchanges are favorable.
Operational Proof: Availability of a functioning product or Minimum Viable Product (MVP) is a critical indicator.
Roadmap: A clear and realistic roadmap with milestones and deadlines is essential.
Team Credentials: A history of successful projects and a motivated team enhance credibility.
Market Value: Evaluation of the token's market relevance and convenience for users and clients.
Social Media Presence: An active and engaging presence on social media platforms.
Progress Reports: Regular updates on project progress and responsiveness to client inquiries.

Accepting Payments in Tokens

MetaBenz may accept tokens as payment if::

Liquidity and Volume: The token demonstrates high liquidity and strong trading volumes on reputable exchanges.
Positive Assessment: The token is deemed favorable based on additional criteria determined by the MetaBenz team.

Delisting Procedure

Notification: MetaBenz will notify the token's initiator or official team about the potential delisting, providing reasons and an opportunity for response.

Review: MetaBenz will evaluate the provided response and assess whether the token meets the delisting criteria.

Delisting: If deemed necessary, the token will be removed from the exchange, and all associated trading pairs will be terminated.

User Notification: MetaBenz will inform users of the delisting via our official communication channels, including the MetaBenz website and social media platforms.

metabenz's delisting policy underscores our commitment to platform integrity and user security. By upholding these standards, metabenz aims to shield users from potential risks associated with coins/tokens that no longer meet our stringent listing criteria.

Conclusion

MetaBenz’s Token Delisting Policy is a crucial part of our commitment to maintaining a secure, high-quality trading environment. By adhering to these rigorous standards, we ensure that only tokens with strong fundamentals and compliance measures are listed on our platform. Our goal is to protect our users and provide a trustworthy trading experience.