Special Treatment

The Special Treatment ("ST") designation is a risk management mechanism employed by PayX to flag digital asset projects that exhibit characteristics warranting heightened scrutiny. Projects placed under ST status enter a defined observation window during which they face the possibility of removal from the platform.

This page explains the criteria that may lead to an ST designation or delisting, as well as the consequences of each.

1. Grounds for Special Treatment or Delisting

In the interest of maintaining a secure and transparent trading environment, PayX (the "Exchange") has established the following Special Treatment rules (the "Rules"). A project may be classified as ST or removed from the Exchange if any of the following conditions (collectively, "Adverse Conditions") are identified:

1. The project voluntarily requests removal from PayX.

2. Trading volume or market depth falls below acceptable thresholds for a sustained period.

3. A critical vulnerability or security flaw is discovered in the project's underlying technology.

4. The project winds down, suspends, or signals the imminent termination of its operations or commercial activities.

5. Development activity ceases or shows clear signs of abandonment.

6. The core team dissolves or is at material risk of dissolution.

7. The project enters or approaches insolvency, or any liquidation, bankruptcy, or comparable proceeding is initiated against it or a significant portion of its assets.

8. Evidence suggests the project is engaged in deceptive, fraudulent, or otherwise harmful conduct.

9. The project, its founders, key team members, or advisors are subject to investigation or prosecution for violations of applicable laws and regulations.

10. The project engages in market abuse, including but not limited to wash trading, price manipulation, or insider dealing.

11. Internal audit, legal, or technical assessments classify the project as presenting elevated risk to platform users.

12. The project fails to disclose material changes -- such as development milestones, team composition, or corporate structure -- within the timeframes stipulated by PayX.

13. Any other circumstance that the Exchange reasonably considers to pose a risk to its users or operational integrity.

2. Key Provisions

1. When a project receives the ST designation, a visible label will be appended to its trading ticker for the duration of the observation period. This label serves as an explicit warning that the project may face delisting. Throughout this window, the project is subject to continuous monitoring and evaluation.

2. If the project fails to restore liquidity to acceptable levels by the conclusion of the observation period, PayX may proceed with delisting. Conversely, if liquidity metrics recover and exceed the required thresholds before the deadline, the ST label will be removed.

3. At any point during the observation period, PayX may elect to delist the ST project if the Exchange determines that the project has not taken adequate corrective measures to resolve the Adverse Condition. The Exchange further reserves the right to delist an ST project immediately and without prior notification should circumstances demand urgent action.

4. Once delisted, all trading and deposit functionality for the affected asset will be suspended. Any future relisting would require the project to complete the standard application and approval process from the beginning. PayX retains the right to amend these Rules at any time without advance notice. For questions or clarifications, please contact your designated account manager.

Should you require further assistance, our customer support team is available around the clock.