HnB Token Delisting/Market Closing Regulations

There are cases where H&B may make the decision to delist a token from the exchange. H&B retains the right to delist a token or terminate a market in its Exchange regardless of the reason or without prior notice.
In addition, H&B retains the right to suspend activity on any user accounts that have been deemed as conducting suspicious activity.

Although the below list does not cover all the cases, there are certain factors that H&B generally refers to when making the decision on whether to delist a token or close a market:

・Changes in regulatory standards and/or other compliance factors
・Poor application in use or negative feedback from users of the Exchange
・Blockchain or related technology is outdated and/or unusable
・The team members and/or other persons involved become inactive
・A noticeable lack of trading volume on the exchange or highly suspicious trading activity
・Lack of response to information requests or presentation of false information
・Violation of H&B’s terms of listing agreement
・Concerns raised by users or traders of the token

Delisting Procedure

H&B Exchange may make the decision to terminate a market or listing of a token without prior notice. H&B, in its sole discretion, may also inform its users and listed companies regarding the delisting of a token or market in advance. Such notices will appear on the H&B website in the top page and within the user wallet page.

If a market or token is notified in advance for termination, the date of termination will generally be the second Friday after notification. In such a case, if a market or token receives notification for termination on a Tuesday, the token or market will be terminated on the Friday of the next week (10 days in advance from termination). Regardless, H&B retains the right to delist a token or market at any time if H&B Exchange decides the conditions require such action to be taken.

Preventative Measures for Insider Trading

H&B may make the decision not to inform the public regarding the termination of a market or listing of a token. This is to prevent the “dumping” of a token that will be delisted in the near future by its team members. Such actions may cause a disruption in the market and may prove damaging to the investors. Also, H&B may and has the right to freeze the account of the delisted/soon to be delisted token.

Token Withdrawal After Delisting

After a market or token is terminated, H&B will normally provide users with a period of 14 days to withdraw any delisted tokens. However, if certain instances persist, the withdrawal period may be shortened. Users are required by their own responsibility to withdraw tokens before the informed withdrawal date. Users should also note that under certain conditions, they may not be able to withdraw a token due to factors that are beyond H&B’s control. This includes technical difficulties, force majeure, etc. (for example, there is a fault in the technology) which prevent users from withdrawing their tokens.

Normally, the delisting of a token/market will be announced on the website, and the market termination will be conducted on the second Friday after that.
The withdrawal period for users and investors of the token will be 14 days.
The withdrawal deadline for the token will be the fourth Friday after the initial announcement of the delisting (no less than 21 days).

However, under certain circumstances we may and retain the right to delist a token/market immediately at our sole discretion.
Normally, the termination of a listing/market will be conducted on a Friday, and the token withdrawal deadline will be the second Friday after the initial announcement (no less than 9 days after the initial token/market termination).

Frequently Asked Questions

Why does H&B Exchange make the decision to delist a token/marketplace?

Although the below list does not cover all the cases, there are certain factors that H&B largely refers to when making the decision on whether to delist a token or close a market:
・Changes in regulatory standards and/or other compliance issues
・Poor application in use or negative feedback from users of the Exchange
・Blockchain or related technology is unusable due to risk and damaging factors
・There is a lack of support or upkeep from the team members and/or token holders
・A noticeable lack of trading volume on the exchange or highly suspicious trading activity
・Lack of response to information requests or presentation of false information
・Violation of H&B’s various terms of listing agreement
・Concerns raised by users or traders of the token

How can I prevent my coin/token from being delisted?

Please refer to the list of factors that H&B Exchange generally takes into account when making the decision on whether to delist a token or close a market.
Here at H&B, we periodically revise the list of tokens and markets on our exchange to make sure they comply with the regulations and standards we set.
If we are to contact you/the support team, please provide a swift response with all the information we have requested.

Some tokens have been delisted, while others have not. Why is this?

We evaluate each token on a case-by-case basis, and review the adaptability, specific evidence and state of functionality.

How does H&B Exchange notify its users of an impending delisting of a token or marketplace?

Here at H&B, we notify users of delisting of a token or closing of a market through our website.

I missed the notification that my/our token had been voided. How do I revive/withdraw my token?

Generally, we strive to provide up to a maximum of 14 days for users to withdraw their tokens.
Please withdraw your tokens before the withdrawal deadline.
After the deadline, we will not be able to assist users in validating any withdrawal requests from our exchange.
Due to this, it is the user’s own responsibility to withdraw all tokens within the withdrawal deadline date.

What is the difference between delisting a token and closing a market?

A token is able to have multiple markets on an exchange. A market usually refers to a token/pairing.
For example, Bitcoin and Ethereum create a pairing of BTC/ETC on the marketplace.
In the event of delisting a token, all markets corresponding to the token will be closed/terminated.

What are your preventative measures toward insider trading?

H&B retains the right to suspend any activity on accounts without prior informing.
For example, if the delisting of a token is finalized, there is a possibility that the team members of said token may conduct a “dumping” of the tokens before investors have a chance to recoup their investments.
Due to this possibility, under certain circumstances we may suspend any further activity on the project’s account.