Coinone to Disclose Detailed Listing Policies and Maintenance·Review Processes

For Transparency Enhancement and Healthy Ecosystem Building
Biannual Reviews for Cryptocurrency Listing Maintenance Also Planned

[Asia Economy Reporter Gong Byung-sun] Coinone, a domestic cryptocurrency exchange, announced on the 2nd that it has disclosed the processes related to project listing, listing maintenance, and review. The purpose is to strengthen standards and disclose them transparently to protect investors.

Coinone had previously disclosed information regarding listing and termination of trading support. The full disclosure of details this time is to enhance transparency and take the lead in market self-regulation and building a healthy ecosystem.

The listing procedure will proceed as before. Applications must be submitted only through Coinone's official listing email. A preliminary listing review will be conducted for one week, and if passed, a face-to-face interview and due diligence with the project will be conducted for up to three weeks. Afterwards, the final review will be conducted by the Coinone Listing Review Committee, which will decide the final listing status.

Coinone will review the financial statements of the foundation and developers, as well as short- and mid-to-long-term business plans to assess whether the project is sustainable. Transparency will be identified by thoroughly reviewing the shareholder registry of the foundation and developers and the personal details of key personnel. Additionally, to prevent issues caused by incorrect token issuance, the token issuance volume, circulation volume, and token distribution plans will also be reviewed.

The Coinone Listing Review Committee will review based on criteria for selecting watchlist items, including ▲legal issues ▲product and technical issues ▲marketability issues ▲project team sustainability issues ▲information provision issues. In particular, if legal issues, token leakage due to foundation wallet or app hacking, or information provision issues occur, the project will be designated as a watchlist item without consultation with the project team.

Furthermore, Coinone will conduct semi-annual listing maintenance reviews for listed cryptocurrencies. If a watchlist reason arises, the project team will be given a period for improvement and the opportunity to appeal. After a second review, the final selection of watchlist items will be announced, and if no willingness to improve is shown even after an additional two-week improvement period, delisting will be decided.

Cha Myung-hoon, CEO of Coinone, said, “Startups utilizing blockchain technology and cryptocurrencies are emerging, and it is the role of the exchange to discover them through thorough reviews,” adding, “We will protect investors through strict and transparent regulations going forward.”

This content was produced with the assistance of AI translation services.