Crypto exchange Bitget is tightening its token listing policies to protect users from fraudulent or high-risk projects. On Thursday, the platform announced stricter guidelines, requiring blockchain projects to undergo a comprehensive legal and technical review before listing.
Enhanced Legal and Technical Reviews
According to Hon Ng, Bitget’s Chief Legal Officer, every project aiming to list a token on the exchange must meet stringent legal and technical criteria. These reviews will assess the code quality, security measures, and regulatory compliance of the token in line with Bitget’s updated listing standards. This step aims to safeguard users from projects prone to exit scams or significant risks.
Stricter FDV and Token Unlock Guidelines
One of the key focus areas in Bitget’s revised evaluation is the Fully Diluted Valuation (FDV) of a token. The FDV should not exceed 20 times the amount raised by the project. For instance, if a project has raised $5 million, its FDV should stay below $100 million to avoid misleading valuations.
Bitget will also scrutinize a project’s funding history, with projects backed by reputable institutions likely to meet the platform’s standards. The token unlock schedule is another critical factor—projects with a short unlock period may signal early sell-offs and lack of long-term commitment, which raises concerns for potential investors.
Token Circulation, Distribution, and Smart Contract Audits
For tokens already in circulation, Bitget will use on-chain data to monitor economic health and trading patterns. Any significant gaps between FDV and trading volume—such as an FDV over $10 million but low trading activity—may indicate overvaluation or price manipulation.
Moreover, the exchange will perform smart contract audits and analyze token distribution. Any red flags, such as projects with suspended trading or issuers who can alter balances, will be closely examined. Projects with concentrated token distribution are also viewed as risky, and Bitget will use blockchain explorers to verify true token distribution patterns.
Focus on Social Media, Team Background, and Project Longevity
Bitget’s evaluation process also includes an analysis of the project’s social media presence, community engagement, and overall online reputation. The development team’s background is thoroughly checked for any past involvement in fraud or illegal activities. These checks are critical in ensuring the reliability of listed projects.
Additionally, projects must submit a detailed business plan and roadmap, demonstrating a long-term vision and reducing the risk of listing short-lived or scam projects.
Transparency and User Protection
To enhance transparency, Bitget is committed to protecting users’ interests by preventing the listing of high-risk assets. Promising projects with global demand may be listed without additional fees, while others may enter into commercial agreements. However, all tokens, regardless of the process, must meet the platform’s stringent criteria before approval.
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