2 years ago
It appears definite individuals person developed an involvement successful purchasing listed tokens that nary longer person marketplace worth oregon improvement activity.
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According to a station connected Apr. 24, cryptocurrency speech OKX does not enactment the buying and selling of "shell tokens" listed connected the exchange.
The clarification came aft OKX unit subordinate Haiteng shared a bid of WeChat conversations wherever an idiosyncratic allegedly approached OKX unit to acquisition "shell tokens," oregon arsenic the idiosyncratic described:
"[Tokens] Listed connected OK, but task tin run nary longer. Someone wishes to instrumentality implicit specified projects."Another connection reads: "Find an OKX ammunition token; fund is $1.5 million, deposit has been collected, DM maine the reliable ones." In effect to the inquiries, Haifeng stated:
"OKX does not enactment the buying of ammunition tokens. In addition, projects that tin merchantability ammunition tokens are those that typically cannot run functionally."Haifeng added that OKX regularly monitors tokens listed connected the exchange, and tokens wherever developers "maliciously manipulate market, operation, information and different risky behaviors" volition beryllium delisted from the exchange. "Don't adjacent deliberation astir earning this benignant of wealth successful OKX," helium wrote.
The aforesaid day, Mingxing Xu, laminitis of OKX, besides commented connected Haifeng's tweet:
"Don't beryllium evil. All projects [that] halt make volition beryllium delisted according to OKX listing agreement."Like ammunition companies, ammunition tokens impact coins with nary important underlying concern activities, assets, oregon marketplace value. In the lawsuit of a ammunition token, a task whitethorn person gained archetypal traction to person its token fulfill listing requirements connected an exchange, but aboriginal its concern activities and operations stall. When a task ceases to operate, its underlying token requires manual removal from the listing. As OKX unit has pointed out, purchasing a ammunition token tin perchance springiness emergence to marketplace manipulation.
Don’t beryllium evil. All projects halt make volition beryllium delisted according to OKX listing agreement. https://t.co/zhdO8PCLpI
— Star (@star_okx) April 24, 2023Magazine: $3M OKX airdrop, 1-hour owed diligence connected 3AC, Binance AI
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