Bitget is implementing new guidelines by introducing mandatory legal reviews, stricter tokenomics analysis, and comprehensive background checks. The company has rolled out these stringent criteria for listing tokens to shield users from high-risk projects and potential exit scams.
Under the new rules, every project looking to list on Bitget must pass a rigorous assessment covering multiple aspects. A comprehensive legal review ensures the projectβs code quality, security measures, and regulatory compliance.
Bitgetβs New Listing Criteria
A key focus of the updated criteria is tokenomics. Bitget will now conduct detailed analyses of token supply, distribution, and the projectβs fully diluted valuation (FDV).
Projects with an FDV exceeding 20 times the amount raised in their funding rounds will raise red flags, signaling potentially inflated valuations. For example, a project that raises $5 million should not have an FDV over $100 million, ensuring valuations are aligned with market expectations.
In addition to this, Bitget will scrutinize the token unlock schedules, warning that rushed unlock periods under two years could indicate a lack of long-term commitment from the project team. This could lead to early sell pressure, jeopardizing token stability.
Development Team and Funding Sources
The platform will also evaluate the development teamβs background and funding sources. Projects supported by established institutions are more likely to pass the listing process, while those backed by lesser-known entities will face additional scrutiny.
Any connections to previous fraud or unethical practices, such as rug pulls or Ponzi schemes, will immediately disqualify a project from listing. Existing tokens already traded on other platforms will face even deeper evaluation, including analyses of on-chain data to assess their economic health.
Tokens showing significant disparity between trading volume and FDV will be flagged for potential price manipulation.
βProjects looking to list a token on Bitget must undergo a rigorous legal and technical review to assess its code quality, security measures, and regulatory compliance, in accordance with Bitgetβs listing criteria. This is an important step to protect our users from projects with high risks. Those that do not meet the standards will not be able to get listed on Bitget.β
Hon Ng β Chief Legal Officer at Bitget
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