In line with the purpose of protecting users, VB Global will regularly conduct comprehensive reviews of the tokens in the platform to ensure the high standards of trading currencies; if the project party has unfavorable factors for investors, we will take corresponding measures and remove it. Corresponding project. In order to increase public transparency, we will announce the main factors affecting the delisting of tokens, including but not limited to the following factors:
Project and team factors
Major changes to the project team, product and business model need to be notified to VB Global for re-review. If the project is not notified and changed by itself, the platform will directly take the project offline;
Whether the project team has unethical and fraudulent behaviors, such as: team founders, co-founders, consultants and other personal information are fraudulent or suspected of being involved in market manipulation, individuals facing major legal issues and other legal issues, etc;
The project party was notified of suspected violations of laws and regulations by various national and regional judicial organs and regulatory authorities.
Technology development and mainnet/smart contract factors
There are hidden dangers in the main network of the project;
The smart contract code has security vulnerabilities such as overflow;
Project occurrence or existence of 51% attacked fork problem;
The project development has not been carried out according to the time node planned in the white paper, and there is no announcement on the official website of the progress delay;
The public chain/protocol layer project source code (GitHub) has not been updated for a long time, and the long-term version of the application project product has not been updated.
Community construction and operation factors
Significant deviations in information disclosure deceive investors and trading platforms;
The website is inaccessible, the information is messy, and social media and communities have not been maintained for a long time;
Social media or official website has not disclosed any project progress (for example: development progress, version update, team movement, etc.) for one month;
The project party’s publicity involves shouting orders, manipulating currency prices, or other behaviors that seriously harm the interests of the community;
The project party deliberately concealed major events that may seriously affect the currency price;
The address of the team and foundation has never been disclosed on the official website and social media, or the lock-up tokens are not implemented in accordance with the lock-up mechanism, and the use of the tokens has not been disclosed.
Do not respond to or respond to community queries;
Does not cooperate with VB Global's regular inspections;
Other unethical and fraudulent or illegal acts;
Operate and participate in multiple projects at the same time, affecting the healthy and sustainable development of the blockchain industry ecology;
Based on the above criteria, we now decide to stop trading and delist the trading pairs of the following tokens.
Details are as follows:
NEWBI, GUD, NB, TNB, BTCP
Stop time for the above currency trading pairs: 12:00（UTC+8）,26th August in 2020
Recharge function closing time: 21:00（UTC+8）,25th August in 2020
Withdrawal function closing time: 21:00（UTC+8）,2ed September in 2020
Users must complete the selling transaction or withdrawal before the withdrawal function is turned off. Overdue will not be processed.
In the future, we will continue to work to protect our users and all VB Global stakeholders, and conduct regular tracking and review of all tokens, and strive to promote the transparency and healthy and sustainable development of the digital asset industry.
Thanks for your support to VB Global