JOJO.Exchange
  • JOJO EXCHANGE
    • 🔍Overview
    • 🚀Roadmap
    • 📣Announcement
      • 🛠️JOJO Exchange Upgrade to v2
      • 🤖Unlock Exclusive Rewards and AI-Powered Trading – The Future of DeFAI Awaits!
      • 🤝Transforming DeFi With Chainlink and Lido
      • 🪂JOJO's Airdrop Season 2!
      • 🎰Introducing Our New Mini-Game: Slot Machine!
      • 🪂Airdrop Season 1 claiming portal is ON!
      • 🤖JOJO is Integrating Chainlink Data Streams to Power Its Silicon-Based AI Exchange
      • 💡Upgrades to Chainlink Data Streams
      • 🪂JOJO's Airdrop Season 1!
      • 🍭You can now claim the reward for the 7-Day check-in Challenge!
      • ❗Notification of Environment Removal
      • 🪂JOJO's Airdrop Season 0!
      • 🪙New listing: WIF/USDC, ENA/USDC, CKB/USDC, BOME/USDC, W/USDC, ETHFI/USDC, ONDO/USDC, and DOGE/USDC
      • 🔖Fee Discount Notice
  • v2 product guides
    • 🧐Tutorials
      • How to Connect Wallet & login?
      • 💰Deposit & Withdraw
      • 📈How to trade Perpetual?
      • 📈How to Close a Position?
      • 📈What is a Limit Order, and how to place it?
      • 📈How to Place a TP/SL Order ?
      • 🕹️How to trade 1000X ?
    • 🤷FAQs
      • ❔How much leverage will be available on JOJO?
      • ❔Is there a deposit fee or withdraw fee on JOJO?
      • ❔What Happens When a Market Is Delisted
      • 📖How to Set Email
      • 📖What is PnL and How to Calculate It?
      • How to bridge assets to Base
      • 📖How to Swap USDC ?
  • 💵Fees
  • ⚖️Funding Rate
  • 💸Liquidation
  • 🔑API Keys
  • v1 Product guides
    • 🧐Tutorials
      • How to Connect Wallet & login?
      • 💰Deposit ,Transfer & Withdraw
      • 📈How to trade Perpetual?
      • 📈How to Close a Position?
      • 📈What is a Limit Order, and how to place it?
      • 📈How to Place a TP/SL Order ?
      • 👤How to use Sub Account?
      • 📈One-click Trade
      • 🕹️How to trade 1000X ?
      • 💰How to get JOJO airdrops?
      • 💰How to stake JOJO and get veJOJO?
    • 🤷FAQs
      • ❔Will there be more trading pairs in the future?
      • ❔What collateral does JOJO accept?
      • ❔How much leverage will be available on JOJO?
      • ❔What is One-click Trade and How does It Work?
      • ❔Is there a deposit fee or withdraw fee on JOJO?
      • ❔Why Trading on JOJO is Safe?
      • ❔Why do I keep receiving risk warning emails from JOJO?
      • ❔What Happens When a Market Is Delisted
      • 📖How to Set Email Notifications
      • 📖What is PnL and How to Calculate It?
      • How to bridge assets to Base
      • 📖How to Swap USDC ?
    • 🤖Ai Revolution
    • 📖Glossory
    • ✨Trading Pairs
    • 💵Fees
    • 🤑Prices
    • ⚖️Funding Rate
    • 💸Liquidation
    • 🤖Grid Bot
    • 🤩1000X Trading
    • 📪Sub Account
    • 🧑Referral Program
    • 🔰Multi-collateral system
      • Leverage your earning with mUSDC!
    • 🧲Flexible Earn
    • 🔐JOJO airdrops and staking
  • Smart Contract
    • 🎯Contract Addresses
    • 🕵️Bug Bounty & Audit
  • JOJO TOKEN
    • 📊Allocation
    • 🔒Token Economy
  • Arbitrum Alpha Test
    • 🤝Sunset Plan
    • 🎯Contract Addresses
    • ⚗️STIP
    • 🎙️Announcement
      • 🪙JOJO has listed WLD/USDC, AGIX/USDC, AR/USDC, STRK/USDC and 13 new trading pairs!
      • 🧰Notice of Legacy Network Decommissioning
      • 🧰Smart Contract Upgrade Announcement
      • 🔧Maintenance Notice
      • 🔮BIG UPDATE of JOJO's Bizarre Adventure: all points earned x 100!
      • 🪙JOJO has listed MEME/USDC!
      • 🔮JOJO's Bizarre Adventure Event is now alive!
      • 💰New collaterals: ARB!
      • 💰New collaterals: wstETH and GMX!
      • 🪙JOJO has been listed ARB/USDC, SOL/USDC, and LINK/USDC!
      • 🔖Notification of Environment Removal
  • LEGAL
    • Risk Reminder
    • Terms of Use
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On this page
  • JOJO's criteria for delisting tokens include the following:
  • What is delisting?
  • What happens during a delisting?
  • Example of Delisting of JOJO (All times in GMT)
  • October 1, 2023, 12:00 am - Announce
  • October 1, 2023, 8:00 pm - Settle
  1. v2 product guides
  2. FAQs

What Happens When a Market Is Delisted

To safeguard the best interests of our esteemed users, JOJO engages in the periodic review of each symbol listed on our platform to ascertain its compliance with our stringent quality standards. Suppose a token no longer satisfies the said standards. In that case, our team will proceed to carry out a more comprehensive appraisal of the token, and based on the risk assessment, may ultimately proceed to delist it.

Simultaneously, we understand the importance of timely communication and disseminating pertinent information to our user community. Consequently, when a token is flagged as risky, we shall post a comprehensive risk warning for the token on our social media channels.

JOJO's criteria for delisting tokens include the following:

  • Low liquidity

  • Significant technical issues

  • A hard fork of the token

  • Project suspected of fraud

  • Project ceased operations

  • The project does not meet JOJO's listing requirements, etc.

What is delisting?

Delisting refers to the removal of a listed symbol from a particular exchange. It can occur voluntarily or involuntarily and is usually initiated when the listed project has either ceased operations, failed to meet the exchange's listing criteria, undergone a hard fork, or experienced other factors that may pose a risk to users.

It is important to note that various factors may influence an exchange's decision to delist an asset, and this can have significant implications for users who hold the asset in question. Sometimes, delisting may be implemented to mitigate the associated risks. Therefore, users must keep abreast of any announcements or updates regarding their assets on an exchange to ensure they make informed decisions.

What happens during a delisting?

  1. JOJO will execute a delisting when there are issues with the above criteria in the trading pair.

  2. We will issue a notice and send an email regarding the delisting time. We recommend that you close your positions before that.

  3. We will stop updating the mark price and funding rate when the delisting time arrives. While we do not restrict your trading, we will not automatically settle for you.

  4. Your trading history will still be retained after the delisting.

Please note: As for transaction fees, since we do not mandate you to close your positions, the fees charged will remain the same as the taker/maker fees incurred when you close your positions.

Example of Delisting of JOJO (All times in GMT)

October 1, 2023, 12:00 am - Announce

  • JOJO announces the delisting of BANA-USDC Perpetual Contract.

  • The final delisting time is set to 8:00 pm on October 1, 2023.

  • The final settlement price will use the average markPrice within 1 hour from 7:00 pm to 8:00 pm on October 1, 2023.

October 1, 2023, 8:00 pm - Settle

  • After entering the execution phase, the updating of funding rates will be stopped.

  • JOJO will switch the mark price of BANA-USDC Perpetual Contract to the oracle price of 8:00 pm on October 1, 2023.

  • The contract will automatically settle with users based on the the oracle price of 8:00 pm on October 1, 2023.

  • The front end of JOJO's website is delisting BANA-USDC Perpetual Contract.

  • Any new user coming to JOJO will receive a notice that the BANA-USDC Perpetual Contract has been deprecated.

Please note: Any delisted trading pair of JOJO will not be re-enabled. It would be best to close all open positions in delisted assets before you stop trading to avoid automatic settlement.

Risk Warning:

Please be advised that cryptocurrency's market risk and volatility can result in significant price fluctuations. As an investor, you are solely responsible for making informed decisions regarding your investments, and JOJO cannot be held liable for any losses incurred. We recommend that you only invest in areas with which you are familiar and thoroughly understand the associated risks. It is essential to consider your investment experience, financial situation, objectives, and risk tolerance before making any investment decisions in cryptocurrencies. We strongly advise you to consult an independent financial advisor before making investment decisions.

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Last updated 1 year ago

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