Bitget has introduced stringent guidelines for token listings, aiming to shield users from high-risk projects and potential scams. These measures, announced in a press release, focus on multiple aspects of project evaluation to ensure that only trustworthy tokens are listed on the platform.
Under the new rules, Bitget requires every project seeking listing to undergo a detailed legal review. This step ensures the project’s code quality, security, and compliance with regulatory standards. By doing so, Bitget seeks to prevent users from interacting with potentially dangerous projects that could result in exit scams.
Enhanced Tokenomics Analysis
In addition to legal scrutiny, Bitget has introduced stricter tokenomics analysis. The platform now examines key factors such as token supply, distribution, and fully diluted valuation (FDV). For instance, projects with an FDV more than 20 times the amount raised during funding will face serious concerns. This measure helps ensure that project valuations remain aligned with realistic market expectations, reducing the risk of inflated valuations that may lead to market manipulation.
Long-Term Commitment and Unlock Schedules
Another crucial aspect of the new criteria is the evaluation of token unlock schedules. Bitget will now flag projects with unlock periods shorter than two years, warning that such rushed timelines may signal a lack of long-term commitment from the team. Projects with unrealistic unlock schedules could face early sell-offs, destabilizing the token’s market value.
Bitget’s updated guidelines also include comprehensive background checks on the development teams behind the tokens. Projects backed by reputable institutions are likely to pass, while those supported by lesser-known entities will undergo additional scrutiny. Any association with previous fraud, such as rug pulls or Ponzi schemes, will result in immediate disqualification from listing.
Strict Evaluation of Existing Tokens
For projects already listed on other platforms, Bitget will conduct even deeper evaluations. This process includes detailed analyses of on-chain data to assess economic health and potential price manipulation. Tokens with mismatches between trading volumes and FDV will be flagged for potential manipulation, ensuring users engage with legitimate projects.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
