CGM Token Listing Principle:
CoinMex CGM sticks to the principle of comprehensive information disclosure, clear rules and strict execution. We will not judge the project value (whether it has reached the listing conditions or whether its market capitalization is reasonable) but disclose more information, including the basic information, latest progress and community situation etc. We will also take advantage of AI technology to collect, analyze the data and then present them completely to our users.
Project Application Conditions:
1）Tokens based upon ERC-20, ERC-223 or ERC-621 protocol of ETH;
2）Tokens are not classified as “securities” and must comply with the local laws or regulations;
3）The contract code has to pass security audit. CoinMex will not arrange the listing until the projects complete the audit (The projects which haven’t gone through the audit are required to tag an explanation)
4）The project needs to pay 300,000CT as the user risk protection fund (Execution Conditions of Risk Protection Fund)
5）To better promote, the project needs to use tokens as the activity fees. The specific number of tokens is subject to the negotiation.
Project Application Process:
1）Enter the automated listing webpage and fill in the form with the true information.
The automated token listing channel will be opened at 19:00 on 17th, August of 2018 (Singapore time).
2）After the submission, CoinMex will finish the information verification, preliminary listing schedule and wallet services debugging etc. within 3 business days.
3）After the project verification:
3.1. Success: Projects can follow the webpage instructions, pay the risk protection fund and activity fees, then wait for the confirmation.
3.2. Failure: Projects need to rectify according to the failed reason, after which they can apply again.
4）After confirming the payment, CoinMex will inform the projects about the detailed schedule of token listing and related activities.
5）The report link will be opened and effective after the listing of token trading. Community users have the right to investigate, verify and report the projects. Once the report is proved true, the token will be unconditionally delisted (Detailed Rules on CGM Delisting)
6）Once the token withdrawal is opened and the activity ends, the application is finished.
Attention: CoinMex will gradually perfect the CGM trading rules and inform the projects a week earlier if there was any modification of Terms of Service. We will also respect the right of projects to decide whether to continue the partnership.
Risk Protection Fund Explanation:
Projects in CGM have to pay 300,000CT as the user risk protection fund for the interests of CoinMex users.
1. If the token listing is stopped (Trading pair hasn’t been opened), CoinMex will return all the deposited margin at once.
2. If CoinMex finds the project is manipulating the market and causing the severe loss to users, Coinmex has the right to use the risk protection fund to compensate the loss of users.
Digital assets trading involves high risks, please be prudent of your investment.
CoinMex Operation Team
17th, August, 2018