Bitget’s recent announcement flips the script on how tokens get listed. The exchange, one of the big players, just rolled out new rules that force projects to show their true colors. It’s no longer enough to ride hype; Bitget now digs deep into business plans, FDVs, and developer backgrounds. So if a token’s got sketchy history, it’s out.
New Rules, New Game
On October 10, Bitget let it be known that their listing criteria are getting a major revamp. First off, they’re keeping a close eye on Fully Diluted Valuations (FDV). If a project raises $5 million, FDV better not cross $100 million. Projects can’t just inflate their worth anymore, because that’s misleading to investors. Tokens with shorter lock-up periods—under two years—are under the microscope too. Bitget fears quick unlocks might trigger sell-offs, killing the token’s long-term vibe.
But there’s more to it than just numbers. Bitget wants social media activity, a solid tokenomics plan, and a clear roadmap. So a project with shady token supply or poor distribution is walking on thin ice. Tokens can’t mess around with centralization either. Developers who control too much of the supply will be considered a risk. More than 20% held by the issuer? Red flag. So forget about trying to hide behind multiple addresses; Bitget is watching.
Background Checks Tightened
Projects already listed elsewhere aren’t off the hook. Bitget’s also rolling out smart contract audits and background checks. If a dev team’s been involved in fraud or scams, they’re toast. According to Bitget’s Chief Legal Officer, Hon Ng, protecting users from such bad actors is priority. He said, “Users go through a lot to sign up, and we want them protected, ensuring they expect the same from projects.”
Bitget’s new rules mean even tokens with history on other exchanges can get a second look. And it’s not just about decentralization optics—projects need clean hands, both financially and reputationally. That’s why, in 2024, Simpson-themed tokens failed. They tried to sneakily hide control over the token, but Bitget’s analysis saw through the trickery.
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