Special Treatment

PayZila's Commitment to Project Integrity

At PayZila, a distinguished cryptocurrency exchange, we have implemented a robust Special Treatment (ST) protocol designed to effectively manage projects facing potential delisting. This mechanism includes a mandatory review period where project statuses are vigilantly monitored, ensuring the exchange's integrity and security.

Criteria for Special Treatment or Delisting

PayZila adheres to clearly defined criteria, termed "Negative Situations," which dictate when a project may be classified under Special Treatment or face delisting. These criteria encompass diverse scenarios:

  • Formal request from the project for delisting.
  • Prolonged low liquidity of the project's token
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  • Identification of security vulnerabilities in the project's technology.
  • Ceasing or imminent cessation of the project's operations.
  • Disbandment of the project team.
  • Financial difficulties such as insolvency or bankruptcy.
  • Suspected malicious activities linked to the project.
  • Legal investigations or convictions involving the project or its team.
  • Market misconduct like wash trading or insider trading.
  • High-risk assessment by PayZila's audit, legal, and technical teams.
  • Failure to disclose material changes within the stipulated period.
  • Any other situations deemed risky by PayZila.

Important Notifications

Once designated under "Special Treatment," a project's ticker symbol undergoes an observation period, alerting users and investors to potential delisting risks. Failure to meet basic liquidity requirements by the observation period's end may lead to delisting, whereas improved liquidity can lift the special designation.

During the observation period, if the project neglects to address identified Negative Situations, PayZila reserves the right to proceed with delisting. The exchange may immediately delist a project if circumstances necessitate.

Upon delisting, all trading and deposits related to the project cease. Reinstatement requires the project to undergo a new approval and listing procedure. PayZila reserves the right to modify these regulations without prior notice.

Conclusion

PayZila's Special Treatment protocol stands as a cornerstone of our commitment to maintaining a secure and trustworthy trading environment. By vigilantly monitoring projects at risk, PayZila upholds platform integrity, ensuring the safety of our users and investors.

For further inquiries, our 24/7 customer support is available via online chat or ticket submission.