Bitget Introduces Stricter Standards for Token Listings to Protect Users From Scam Projects

Bitget is implementing new guidelines by introducing mandatory legal reviews, stricter tokenomics analysis, and comprehensive background checks.

Crypto exchange Bitget has announced the implementation of stricter token listing criteria to safeguard users from high-risk projects and potential exit scams, a press release shared with crypto.news on March 8 has revealed.

According to the announcement, each project seeking to be listed on Bitget will now undergo a comprehensive assessment covering multiple aspects. A rigorous legal review will be conducted to evaluate the project’s code quality, security measures, and regulatory compliance.

Tokenomics will be a key area of focus under the new criteria. Bitget will conduct detailed analyses of token supply, distribution, and the project’s 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 instance, a project that raises $5 million should not have an FDV over $100 million, ensuring valuations are aligned with market expectations.

Moreover, Bitget will scrutinize the token unlock schedules, noting that rushed unlock periods of less than two years could indicate a lack of long-term commitment from the project team.

This could lead to early sell pressure, jeopardizing token stability. The platform will also evaluate the development team’s 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 an 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.“Projects 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 Bitget’s 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,” said Hon Ng, chief legal officer at Bitget.