Chapter I: General Provisions

Article 1: Objectives

The BloFin Token Management Rules (the "Rules") are developed in order to promote the sound growth of the blockchain industry, create a healthy environment for digital assets, protect the rights and interests of traders, and regulate the management of Tokens.

Article 2: Definitions

Unless otherwise expressly provided, the following terms in these Rules shall have the definitions as specified:-

(a) "BloFin" shall refer to the BloFin cryptocurrency platform.

(b) "Project Team" shall refer to any entity responsible for the issuance, development or operation of the Token Projects, i.e., the legal entity, team, natural person or beneficial owner of the Token Project listed on BloFin, or the representative willing to take responsibility for a community-based decentralized Token without a recognized Project Team.

(c) "Token" or "Project" shall refer to the cryptographic digital proof of interest traded on BloFin.

(d) "ST Warning" shall refer to the "Special Treatment Warning". Trading pairs with ST tags will be deemed to have severe risks to the users.

Chapter II: Information Disclosure

Article 3: Information Disclosure Obligations

The Project Teams shall disclose all information that may have a material impact on the Token or the Project Team in a timely and faithful manner, and ensure that all the information disclosed is true, accurate and complete, not deceptive or misleading, and does not omit any material facts or considerations.

Article 4: Forms of Information Disclosure

From the date of publication of the Rules, the Project Team shall make regular and ad-hoc disclosures available on its official website. The information disclosed shall include, but not be limited to, the progress of code updates, market activities, institutional investment, community development and any other important aspects of information.

Article 5: Ad-Hoc Disclosures

An ad-hoc disclosure refers to the disclosure that shall be made by a Project Team in addition to the regular disclosure in the event of any special incidents. All such incidents shall be disclosed and BloFin shall be notified in writing within 24 hours of such occurrence.

The special incidents herein provided include, but are not limited to:-

(a) Change or loss of contact of core team members;

(b) Major technical incidents;

(c) Changes in the direction of product and technical development;

(d) Major legal risks involving the core team;

(e) Significant negative news or public opinion;

(f) Any other incident that may have a significant impact on, or could reasonably be expected to cause, fluctuations in the price of the Token (including the unlocking and buyback of a locked Token);

(g) The Project applies to be delisted from BloFin;

(h) The Project has low liquidity for a certain period;

(i) The Project's technology has a security issue;

(j) The Project ceases, stops, or is likely to cease or stop, its operations or business activities;

(k) The team may be at risk of being disbanded;

(l) The Project is on the verge of insolvency, or an order or proceeding for liquidation, bankruptcy, or a similar process is taken, made, or commenced against it or against a material part of its assets;

(m) The Project is suspected of malicious attempts or behaviors of any type;

(n) The Project, its team members (including but not limited to founders), or its consultants are under investigation for a suspected breach of, or are convicted for an actual violation of, any applicable laws, statutes, or regulations;

(o) The Project carries out market misconduct such as wash trading, market manipulation, or insider trading;

(p) The Project is regarded as high risk according to the audit, legal, and technical teams of BloFin;

(q) The Project fails to inform BloFin of material changes to its development, team members, listed entities, or other required information within the specified period; or

(r) Any other situation that BloFin may deem risky for its users or the platform.

The content of an ad-hoc disclosure shall include, but not be limited to, the reasons for the occurrence, the process, the basic facts, and the results of the incident.

Article 6: Exceptions to Information Disclosure

If the information to be disclosed by the Project Team involves any state secrets, or if the disclosure may conflict with public interests, such information may be withheld with BloFin's consent.

Chapter III: Inquiry and Review

Article 7: Inquiries and Responses

BloFin shall have the right to inquire of the Project Team about the Project from time to time. The Project Team shall actively cooperate with and respond to such inquiries within 24 hours.

Article 8: Forms of Inquiry

BloFin may make an inquiry to a Project Team by contacting:-

(a) The official email address provided by the Project Team;

(b) The phone number provided by the Project Team; or

(c) The instant messaging accounts provided by the Project Team, such as Telegram.

Article 9: Content of Inquiries

The content of an inquiry may include, but not be limited to:-

(a) the fulfillment of the commitments made in the whitepaper or on the official website;

(b) the employment and Token holdings of core team members; 

(c) the progress of product and technical development; or

(d) other factors that may have a significant impact on, or could reasonably be expected to cause, fluctuations in the price of the Token (including the unlocking and buyback of a locked Token).

Article 10: Results of Inquiries

BloFin may, at its sole discretion, determine whether a Project Team has violated these Rules based on factors such as whether the Project Team has cooperated with the inquiries, the level of cooperation, and the content of the responses. BloFin may take relevant actions to deal with violations in accordance with the procedures set forth in Chapter IV.

Such actions may be notified to the Project Team or to users through the means specified in Article 8 or through an announcement.

Article 11: Routine Reviews

BloFin shall have the right to conduct regular or ad-hoc reviews of the Project and the Project Team, for the following purposes:-

(a) Significant aspects of whitepaper commitments;

(b) Security reviews of the code;

(c) Other factors that may impact, or could reasonably be expected to cause, fluctuations in the price of the Token, such as changes in positions held by the Project Team or other major token holders, and fulfillment of any commitment to lock the Token;

(d) Changes in core team members; or

(e) Any other aspect considered necessary to review at BloFin's discretion.

Article 12: Special Reviews

BloFin may initiate a special review if:-

(a) The Project Team is reported by any user or news media to be involved in circumstances specified in Article 11, and the Project Team has not responded to such report or revelation, or its response is not sufficient to disprove such involvement;

(b) Significant risk is identified in a routine review; or

(c) Any other circumstance that BloFin may deem necessary to initiate a special review, at its discretion.

Article 13: Cooperative Obligations of the Project Team

The Project Team is obliged to actively cooperate with BloFin for routine and special reviews. The Project Team shall also actively respond to, or rectify, related issues reported by users, inquiries raised by news media, and risk notices from relevant regulatory authorities.

BloFin may take relevant action against the Project Team in accordance with the Rules where the Project Team fails to fulfill the cooperative obligations herein, including but not limited to the measures set out in Chapter IV (Handling of Violations), such as the application of ST warnings, trading suspension, or delisting.

Such actions may be notified through the means specified in Article 8 or through an announcement.

Chapter IV: Handling of Violations

Article 14: Implementation of ST Warnings

The Project Team must ensure that neither the Project Team itself, its affiliates, nor any of its executives, employees or advisors will engage in any conduct that regulatory or judicial authorities may reasonably deem to constitute market abuse or manipulation.

Prohibited activities include, but are not limited to:-

(a) Publishing false or misleading information about the Token or Project;

(b) Engaging in transactions, or a series of transactions, designed to create a false or misleading appearance of market activity.

(c) Manipulating quotes, prices or trades to fabricate demand for the Token;

(d) Engaging in wash trading;

(e) Disclosing material non-public (i.e., insider) information in a manner that provides certain market participants with an unfair advantage; or

(f) Undertaking any other action that may be considered market abuse or manipulation.

BloFin will continuously monitor Project Teams and their execution of market-making activities. If any potential market manipulation or abuse is identified, BloFin reserves the right to take immediate action, including, but not limited to, restricting trading, suspending the relevant trading pair(s), or terminating the partnership.

For the avoidance of doubt, BloFin may not apply a ST tag on the Token in question and may directly suspend or delist the Token.

14.1 ST Tag Application and Token Evaluation Criteria

BloFin regularly evaluates all listed tokens based on liquidity, circulating market capitalization and other relevant metrics. If a Token consistently underperforms across multiple indicators, BloFin reserves the right to apply an ST tag. The criteria considered include, but are not limited to:-

(a) Maintaining reasonable and tight bid-ask spreads;

(b) Providing sufficient order book depth near the mid-price;

(c) Sustaining multi-level order books on both the buy and sell sides;

(d) Ensuring continuous and stable trading activity;

(e) Maintaining healthy daily trading volume;

(f) Demonstrating consistent trade execution across 15-minute, 30-minute or other designated intervals;

(g) Avoiding prolonged or extreme price volatility on the platform;

(h) Maintaining price alignment with major exchanges and avoiding abnormal price deviations; and

(i) Other liquidity-related factors that may impact market integrity, user experience or price discovery, as reasonably determined by BloFin.

BloFin will make reasonable efforts to provide prior notice of the ST tag application to the Project Team via email or other appropriate means to facilitate potential improvements. However, such notice is not guaranteed.

14.2 Removal of ST Tags

If a Token demonstrates consistent and normal market behavior across the above criteria for fourteen (14) consecutive days, the ST tag will be removed.

Note: BloFin reserves the right to apply an ST tag in response to sudden liquidity disruptions or other urgent circumstances.

Article 15: Trading Concealment, Suspension and Token Delisting

BloFin shall have the right to conceal specific trading pairs or delist Tokens forthwith in circumstances including, but not limited to, the following:

(a) Any core member of the Project Team is found to have committed significant fraud or deception, including, but not limited to, misappropriation of raised Tokens, disappearance of the development team, ceasing support for the Project's technology, intentional concealment of material facts, or dissemination or creation of materially fraudulent, false or misleading information.

(b) The Project's development team is dissolved, or any core team member resigns without community consent, resulting in the inability to continue development.

(c) The Project Team is suspected of engaging in erratic or suspicious trading activities, including, but not limited to, "pump and dump" schemes or other manipulative practices that distort market activity.

(d) The Project or Project Team engages in self-trading on BloFin, which is strictly prohibited. Confirmed instances shall be subject to immediate remedial action, including, but not limited to, trading suspension, imposition of penalties, or delisting of the Token.

(e) The Project Team is involved in serious reputational issues or engages in inappropriate marketing or communications, including, but not limited to, pyramid schemes or demonstrably false or misleading advertising.

(f) The Project or Project Team is associated with illegal activities or other conduct deemed objectionable by BloFin.

(g) The Project or Project Team fails to comply with applicable laws or regulations.

(h) The Project Team is subject to any threatened, pending or ongoing legal proceedings or claims (whether civil, criminal or administrative; formal or informal; direct or indirect).

(i) The Project Team (a) unlocks Tokens in breach of commitments made in the whitepaper or in other forms; and/or (b) makes a material and/or unjustified increase to the token supply, or a material adverse change to its tokenomics.

(j) The Project's development significantly lags behind the timeline set out in the whitepaper.

(k) Security risks arise during the Project's transition to mainnet and are not appropriately addressed within 7 days.

(l) Security vulnerabilities such as overflow issues or additional issuance exist in the smart contract code and are not appropriately addressed within 7 days.

(m) The Project is subject to additional risks and hazards, including, but not limited to, hacking incidents, theft of Tokens, concealment of additional issuance, or double-spending attacks.

(n) The Token is unable to support normal platform operations due to technical or design limitations, including failures in transaction recognition, deposit or withdrawal processing, or accurate maintenance of user account balances, and such issues are not resolved within a reasonable timeframe and in any event not exceeding fourteen (14) days from BloFin's identification of the issue.

(o) The Project Team causes significant losses to BloFin or its users due to mainnet or smart contract security issues and fails to reimburse BloFin and/or compensate affected users.

(p) The Token is a private token, does not support offline signatures, or uses non-open-source node source code.

(q) The Token or Project Team poses significant regulatory risk, including, but not limited to, cases where the Token is deemed a "security" under the laws of a given jurisdiction, and BloFin is unable and/or unwilling to restrict users in that jurisdiction from trading and/or holding the Token.

(r) The Project or Project Team is involved in, or suspected of being involved in, any intellectual property infringement, or related complaints or disputes that may pose risks to BloFin or its users.

(s) To protect users and maintain a high-quality trading market, BloFin conducts periodic reviews of all listed trading pairs, and may, at its sole discretion, conceal, suspend, or delist any Token where trading liquidity, volume, or overall market quality no longer meets the standards required to ensure fair and orderly trading.

(t) Any other circumstance that BloFin, in its sole discretion, deems sufficient to justify the concealment, suspension or delisting of the Token.

Once the trading pairs of a Token are concealed, BloFin will suspend deposits of the Token. Users may, however, continue to hold existing positions. The concealed Token may still appear in search results, but its trading pairs will no longer be visible on the trading page.

The decision to conceal trading pairs is final and irrevocable. Should the Project Team wish to resume trading of such a Token, it must submit a new application for token listing in accordance with BloFin's token listing requirements and procedures. BloFin shall have sole discretion to determine whether such requirements have been satisfied.

Article 16: Liquidation

In the case of the concealment of the trading pair of the Token, BloFin may, at its sole discretion, determine whether it is appropriate to commence the liquidation process for such Token on a case-by-case basis. The liquidation of Tokens on the platform will be administered by BloFin. In the case of suspension of Token trading, the liquidation process shall be initiated from the date of such suspension of trading.

Article 17: Termination of Trading

As soon as the liquidation process is completed, trading of the liquidated Token will be terminated and the Token will be delisted.

The termination of trading will be notified to the Project Team or the users through the means specified in Article 8 or through an announcement on BloFin.

Article 18: Liability

The Project Team shall be liable for any losses caused to BloFin, users, or any other third party resulting from or by reason of any breach of the Rules.

Chapter V: Supplementary Provisions

Article 19

In the event of any discrepancy between the Rules and any other rules or announcements previously published by BloFin, these Rules shall prevail.

Article 20

In the event of any discrepancy between the English language version of the Rules and any translation of the Rules into a foreign language, the English version shall prevail.

Article 21

BloFin reserves the right to amend the Rules and the right of final interpretation.

Article 22

The Rules shall take effect from the date of publication.

Disclaimer:

BloFin may, in its sole discretion and pursuant to the BloFin Terms of Service, determine to immediately delist any digital asset from its trading platform or temporarily suspend its trading. BloFin strives to notify customers before doing so, but retains the right to take action without notice. Decisions to delist or suspend trading of any digital asset may be due to various circumstances, including factors outside BloFin's control.

BloFin reserves the right to amend this procedure at any time and for any reason without prior notice.

THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY. IT IS NOT INTENDED TO PROVIDE ANY INVESTMENT, TAX, OR LEGAL ADVICE, NOR SHOULD IT BE CONSIDERED AN OFFER TO PURCHASE, SELL, OR HOLD DIGITAL ASSETS. DIGITAL ASSETS, INCLUDING STABLECOINS AND NFTS, INVOLVE A HIGH DEGREE OF RISK, CAN FLUCTUATE GREATLY, AND CAN EVEN BECOME WORTHLESS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING OR HOLDING DIGITAL ASSETS IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. PLEASE CONSULT YOUR LEGAL/TAX/INVESTMENT PROFESSIONAL FOR QUESTIONS ABOUT YOUR SPECIFIC CIRCUMSTANCES.