In order to protect our users, the LiteBit team will conduct periodic reviews of cryptocurrencies listed on our platform. LiteBit tracks the performance of all cryptocurrencies listed on our platform. To provide a solid user experience and ensure the quality of our product we set a quality standard. When cryptocurrencies fall under our quality standard they might be further reviewed and potentially delisted.
Below is a list of factors that LiteBit generally observes and reviews whether to delist a cryptocurrency or remove a market:
The team behind cryptocurrency
- The commitment of the team to the project and roadmap.
- Cryptocurrency no longer supported by its team and other parties that might affect the project.
- The project ceases or is likely to cease its operation within the foreseen future.
- The project is in order of proceeding for insolvent, bankruptcy, proceeding for liquidation, insolvency or other relations against any part of its assets.
- Low liquidity for an undisclosed period of time.
- The cryptocurrency is suspected of market misconduct such as wash trading, market manipulation or insider trading.
- Cryptocurrency is being delisted on major exchanges and/or the exchanges we work with.
- The project’s information disclosure is incomplete, misleading or untrue.
- Quality and level of development activity.
- Level of public communication and activity.
- Smart contract quality and sustainability.
- Risk of double spending (51% attack on blockchain network).
- Blockchain and transfer confirmations are too high and therefore risky for trading price.
- Cryptocurrency aims to make violation of (Dutch) law possible, or easier.
- We weigh up the extent to which a cryptocurrency (reputation) can cause damage to Litebit. (for example, because the purpose of the creation is controversial (eg something with weapons, extreme environmental pollution, etc.)
Follow our guidelines and procedures when LiteBit decides to delist a cryptocurrency here.