ST Warning Rules

Last revision date: [2021-09-14]

To promote a mature and responsible development of the blockchain and digital tokens industry, as well as safeguard the interests of the users, MEXC will be implementing ST Warning in accordance the following rules to projects which (i) have any technical or security breach with its smart contract code or other infrastructure governing the project, (ii) is or is potentially in violation of any of its legal or regulatory obligation, (iii) have any negative news, press releases or social media posts reported, and/or (iv) experiences extreme price volatility.

If the token price of a project is lower than 10% of its initial price at listing, or the project is experiencing any other concerning circumstances, MEXC will place a warning tag “ST” on relevant trading pair(s) and conceal the relevant trading pair(s). Then MEXC will conduct a comprehensive assessment on the project. The assessment will include the project team’s meeting to our satisfaction the following items (the “Requirement Items”):

1. proper updates to the smart contract code and fulfillment of commitments made in the white paper;
2. the daily trading volume of the relevant trading pair(s) shall not fall below 50,000 USDT (or equivalent);
3. the project tokens hold on the project team’s account(s) is less than 20% of the tokens hold by all other users of MEXC;
4. the project team and its affiliates are not involved in any acts, press releases or social media posts causing serious damage to the project community or MEXC or in serious violation of laws and regulations.
5. the project is operating normally and the project community has absorbed a significant number of users recently;
6. the project team and its affiliates do not fabricate false information, which resulted in abnormal fluctuations in the token price, or conduct any acts suspected of price manipulation.
7. the project token is listed and available for deposit and withdraw on any of the top 40 exchanges (excluding MEXC), as ranked on Feixiaohao (https://www.feixiaohao.co/) or CMC (https://coinmarketcap.com/);
8. other assessment items as determined by MEXC.

If the project satisfies at least four of the Requirement Items and the token’s current price is close to its initial price at listing, the project will enter into a three-calendar-day period of observation (the “Observation Period”), after which the "ST" tag will be removed if the project runs well in general regarding the Requirement Items.

If the project fails to satisfy at least four Requirement Items, the project team shall rectify the project within a period of three(3) calendar days (the “Rectification Period”). If the project is able to satisfy at least four Requirement Items within the Rectification Period, it will enter into the Observation Period, after which the "ST" tag will be removed if the project runs well in general regarding the Requirement Items.

If the project fails to satisfy at least four Requirement Items after the Rectification Period, the relevant trading pair(s) will be suspended trading and delisted.

MEXC reserves the rights to amend the above rules from time to time and the amended rules will effectively replace the original rules once published, please contact MEXC officials if you have any questions.

MEXC Team

2021-09-14