Bybit (powered by SATOS) will regularly review each token listed to ensure a healthy trading environment, thus protecting the rights and interests of traders. If a token fails to meet Bybit (powered by SATOS)'s stringent listing requirements, the Bybit (powered by SATOS) team will conduct an in-depth review and may delist the token and its trading pair.

 

 

 

 

 

Delisting Process

Once the token is delisted, the following situations may occur:

1. Suspend some or all associated trading pairs;

2. Suspend token deposits;

3. Suspend token withdrawals.

 

Before suspending withdrawals, users will have a buffer period to withdraw delisted tokens.

 

If users fail to withdraw their delisted tokens before the given buffer period, Bybit (powered by SATOS) will exchange the delisted tokens for the equivalent USDC (according to the current market price) if market conditions permit. Please note that this exchange process is expected to take two to three weeks.

 

 

 

 

 

Exchange Rules

1. If there is sufficient liquidity in the over-the-counter (OTC) market after the token withdrawal is suspended, Bybit (powered by SATOS) will convert the delisted tokens into equivalent USDC at the market price, and distribute USDC to the user’s Unified Trading Account (UTA) proportionally after deducting transaction fees.

 

2. If there is insufficient liquidity in the OTC market after the suspension of withdrawals, no transactions will take place, and the value of the delisted tokens will become zero. Users will not be able to see delisted tokens in their accounts.

 

3. If the asset value after the delisted token is exchanged is less than 0.01 USDC, Bybit (powered by SATOS) will not release the converted USDC to users' Unified Trading Accounts (UTA).

 

Notes: 

— Due to market fluctuations, users are advised to withdraw tokens in advance to avoid losses. 

— The withdrawal and exchange process takes time. Users are requested to be patient, and allow time to complete all processes.

— Bybit (powered by SATOS) reserves the right to amend, change or cancel delistings at any time, and for any reasons, without prior notice.

 

 

 

 

To learn more about Bybit (powered by SATOS)'s Token Management Rules, please visit here.