70 Coins Have been Delisted From Cryptopia Exchange
Cryptopia has permanently delisted the 70 coins. After conducting thorough reviews, due to the fact that the delisted 70 coins did not comply with their Listing Policy and as such, have been removed from cryptopia exchange. these coins includes:
Athenian Warrior Token
DA Power Play
DA$ DAS 09
Independent Money System
Le Pen Coin
We would like to reassure our users that Cryptopia only delists coins that could expose our users to risk and do so to maintain strict security protocols. For further information regarding Cryptopia’s delisting guidelines, our full policy can be viewed here.
Here are what you need to know about cryptopia delisting rules which are stated on their website;
At Cryptopia Exchange we want to provide, you, our users, a platform that is safe to trade on. We currently have a stringent listing policy which allows us to list projects that show great merit for existing blockchain technology and creative innovations for the future of the crypto space.
The following criteria are required to be met by coin projects at the time of the listing:
Active and visible development team with at least two contacts given to Cryptopia (Lead Developer and CEO or Marketing Representative).Public and safe source code as defined by our code review.A functioning block explorer.Detailed whitepaper outlining the use case of the project.Road map with milestones, preferably with some achieved.A working and detailed website.Is NOT a “financial product”, under New Zealand law.Positive community engagement within launch forum or similar social media spaces.
In addition to the above, we have discretion to take into account any other criteria we consider relevant when making a listing decision, and we may accept or reject a token/ coin for listing at our complete discretion. Please see our Listing Policy for further information.
Acceptance for listing does not guarantee or warrant the quality of the coin project or the truth, accuracy or completeness of any statement made by the developers and offerors of the coin.
There may be times when Cryptopia deems it necessary to delist a token/ coin from our exchange. Cryptopia reserves the right to remove any token or market from its exchange for any reason and without prior notice. However, in most situations we will give at least 30 days notice via a Help Centre article, market and coin info notice and an email sent to all holders of coins in delisting status 4-weeks, 2-weeks and 48-hours prior to a coin being fully delisted.
Reason to delist:
Below is a list of factors that are being constantly reviewed by our Cryptopia Service Delivery Team that may result in a token/ coin being delisted:
The token/ coin no longer meets our listing criteria.A loss of, or poor communication between coin teams and our Cryptopia Listing Team.Project is abandoned, e.g No visible coin team, no working block explorer, no active updates on code repo, or no working website.The token’s/ coin’s blockchain becomes compromised or there exists a possibility to be compromised based on hash rate, namely a 51% attack.Evolving regulatory compliance requirements. Such as changes that risk the token/ coin being deemed a financial product, or any other compliance issues.No active development of project either in code or in meeting road map milestones.Consistently low trade volumes.Frequent issues with deposits or withdrawals (outside of Cryptopia’s control)Insufficient nodes to keep the wallet synced and the network propagating transactions.
In addition to the above, we have discretion to take into account any other criteria we consider relevant when making a delisting decision, and we have the right to delist a token/ coin for any reason, at our complete discretion.
From time to time we come across a project that has effectively been abandoned. This usually means users cannot withdraw their tokens/ coins from the exchange as there is no other wallet to send a transaction. In these cases, any disputes need to be raised with the developer team associated with the coin/ project and not with Cryptopia Exchange. There is nothing we can do to change this, and by removing these projects from our exchange we creating a safer for our users to trade on.
Cryptopia exchange is ranked 97 on the coin market cap base on volume traded as of today volume traded on cryptopia is $2.28 million, There is absolutely no doubt more coins will be delisted not just on cryptopia but other exchanges.