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South Korean cryptocurrency exchange Coinone has released a series of criteria to determine whether to list new digital currency projects on the exchange.
In a blog post published August 8, Coinone described nine criteria that cryptocurrency projects must meet to be listed on the stock exchange. Coinone will specifically consider issues such as the sustainability of business models, the transparency of governance, the token distribution plan, the vision and value, the size of the market, the case of use, the formation of the team, roadmap rate and marketability.
Focus on the South Korean market
In describing the criteria, Coinone pointed out that an encryption project should have a business plan focused on the South Korean market, since most of its users are local citizens. Coinone also stressed that it is thoroughly examining the organization of the governance structure of the projects listed and the associated risks.
Apart from this, Coinone claims to consider the future distribution plan of a token, in addition to issuing and disseminating the project token. The Crypto projects must also have a clear idea of the value they can offer compared to the existing products and services in the market they are replacing.
"Given that CoinOne generates revenue only from the commissions incurred by the transactions, we intend to list the projects that can naturally generate trading volume as the project grows," wrote Coinone.
Gradual expansion of services
The development followed Coinone's announcement on August 7th, in which it revealed a partnership with the computer security audit firm CertiK and the disclosure company Xangle to provide greater security and transparency to its cryptocurrency investors.
In April, Coinone announced its expansion plans with the launch of an exchange in Indonesia. The Indonesian branch of the stock exchange was initially set up to support six cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Ethereum Classic (ETC), Litecoin (LTC) and Quantum (QAU).
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