1. Introduction and Purpose

With the mission to digitize and to create better transaction networks for the world whether it is for currency, asset, or anything of value. To support this, we’ve developed this Digital Asset Framework, which sets the standards for how we evaluate digital assets for listing on our platform. This framework also guides our decisions to always safeguard our customers’ best interests.

Please note that CoinPort does not endorse any digital assets. We reserve the absolute right to list, decline to list, or de-list any asset for trading, regardless of whether it meets the standards specified here. This Framework is subject to ongoing review and improvement.

2. Our Evaluation Process

Before approving any digital asset for listing, we conduct a thorough evaluation based on three primary criteria:

  1. Mandatory Compliance & Foundational Requirements: These are the core legal, regulatory, and security prerequisites that an asset must meet.
  2. Technical and Operational Feasibility: We assess the asset’s underlying technology and the project’s operational capabilities.
  3. Listing Committee Scoring: CoinPort’s dedicated Listing Committee conducts a qualitative and quantitative review.

Additionally, we conduct periodic evaluations of all listed assets to ensure ongoing compliance and suitability.

3. General Disclaimer

The CoinPort Digital Asset Framework is the intellectual property of CoinPort Pty Ltd. This Framework is not, and should not be treated as, legal or financial advice. Its sole purpose is to provide general information and is presented “as is” without any representation or warranty, whether express, implied, or statutory. CoinPort reserves the right to update this Framework at any time.

4. Listing Criteria

4.1 CoinPort Mission and Values Alignment

We evaluate whether the digital asset supports an open financial system. CoinPort’s goal is to innovate financial networks globally by digitizing and creating superior transaction mechanisms for all forms of value.

4.2 Team Assessment

  • Founders and Leadership: We look for demonstrated capability to articulate the mission, vision, strategy, and use case, and to effectively lead product progress. A solid track record of experience or success is highly preferred.
  • Advisors: We prefer advisors who come from reputable firms or have contributed to notable projects.
  • Business Operations: The team should demonstrate a high level of efficiency in managing funds and setting a reasonable budget to achieve project goals.
  • Engineering Team: A strong record of engineers consistently setting and achieving goals or deadlines is important.

4.3 Technology & Product

  • Product: A minimum viable product (MVP) is required.
  • Source Code: Open-source code with well-documented reviews on platforms like GitHub is preferred.

4.4 Whitepaper

A necessary report or guide that concisely informs readers about the asset’s project details and goals.

  • Know Your Customer (KYC): A proper KYC procedure must have been conducted during the asset’s Initial Coin Offering (ICO) or equivalent fundraise.
  • Compliance Duties: The asset’s listing must not negatively impact CoinPort’s compliance with its Anti-Money Laundering (AML) Policy.
  • CoinPort User Agreement Adherence: The project, asset, and its application must not violate our User Agreement, specifically Appendix 1: Prohibited Use, Prohibited Businesses, and Conditional Use.

4.6 Roadmap

A clear timeline outlining the project’s stages and milestones, demonstrating sound business logic.

4.7 Market Circulation

Comprehensive information on the number and supply of the asset.

4.8 Market Demand & Community

  • Investment Interest: The project or asset should ideally have received investment from notable firms or hedge funds with experience in crypto-related projects.
  • Customer Demand: The demand from CoinPort’s customer base is carefully considered.
  • Community Activity: A strong and transparent community where developers, users, and founders actively interact is preferred.

4.9 Economic Incentives

  • Token Utility: The team should clearly define the use case of the token across all its phases (e.g., how to obtain, hold, participate with, and spend the token).

4.10 Token Structure and Sales

  • Fair Distribution: Efforts to achieve an equitable distribution of tokens (e.g., setting a purchase limit per user) are encouraged.
  • Security: Strong security protocols are required to mitigate risks of hacks, scams, theft of funds, and other illegal activities.
  • Transparency: The team should be responsive to feedback or questions about the project’s token sale and its applications in various forums.
  • Supply: A fixed percentage of the asset’s total supply should be sold, and the proportion sold in relation to the total supply should be fully transparent to all ecosystem participants, or it should represent a clear inflation rate.
  • Team Ownership: A lock-up period and a vesting schedule for team-owned tokens are highly preferred to ensure economic incentive for network improvement.

5. Digital Asset Delisting Policy

Once the Listing Committee makes a final decision to delist a digital asset, the following procedures will be followed:

5.1 Suspension Notification

  • A notification to suspend all trading transactions for the affected digital asset will be issued.
  • CoinPort Customer Support will send an email notification to all customers holding the delisted digital asset, advising them to withdraw all remaining assets from their accounts within a specific timeline defined by the Listing Committee.

5.2 Customer Withdrawal Process

  • Customers are responsible for withdrawing their digital assets themselves via our website.
  • The IT Department will continuously monitor the remaining balances of the digital assets for each customer.

5.3 System Closure

  • Upon the expiry date defined by the Listing Committee, the IT Department will immediately close the withdrawal system from the exchange, regardless of whether a customer has fully withdrawn their remaining digital assets.

5.4 Unclaimed Assets

  • The Company will hold any remaining delisted digital assets on behalf of the customer.
  • An applicable fee for maintaining such digital assets will be collected from the customer.
  • If a customer fails to withdraw the remaining digital assets before the system closure, they must contact Customer Support to request a withdrawal.

6. Contact Information

If you’re interested in listing your coin/token or have any questions regarding this policy, please feel free to contact us via:

Email: [email protected]

CoinPort Pty Ltd Level 2, 696 Bourke St, Melbourne VIC 3000 Phone 1300 902 595 https://www.coinport.com.au

Last updated: 25-Sep-2024