Exchange Announcement

[Coinone] Notice of designation as a cautionary trading asset: SLN

Source
Exchange Announcement Bot

Summary

  • Coinone stated that it designated Smart Layer (SLN) as a cautionary trading asset.
  • It said that the absence of a whitepaper and important disclosures, and insufficient business actuality among other things confirmed the possibility of user harm.
  • It said that, after review during the designation as a cautionary trading asset period, a decision will be made on whether to extend, lift, or terminate trading support.

Hello. This is Coinone.Coinone has supported trading by strictly reviewing each virtual asset to create a healthy virtual asset ecosystem.

In accordance with the 'Designation of Cautionary Trading Assets and Termination of Trading Support Policy', we inform you of the designation of Smart Layer (SLN) as a cautionary trading asset. Customers holding the relevant virtual asset must check this notice and refer to it for your use.

Reason for designation as a cautionary trading assetSmart Layer (SLN) has no confirmed disclosures of important matters related to the virtual asset or a whitepaper explaining them, and when comprehensively considering trading and adoption status and the actuality of the business, many aspects were found to be insufficient, indicating a possibility of causing user harm. Therefore, in order to receive explanatory materials on these matters and to prevent other user damages, the relevant virtual asset will be designated as a cautionary trading asset for approximately two weeks.

Notes⁃ When a virtual asset is designated as a cautionary trading asset or when trading support is terminated, deposits of the relevant virtual asset may be suspended. In that case, we will inform you via a separate notice.⁃ Coinone will decide, through a detailed review of the relevant virtual asset, whether to extend, lift, or terminate trading support for the designation as a cautionary trading asset. The designation period may be extended during the explanation procedure and review process, and if the designation reasons are not resolved, trading support may be terminated. In that case, we will inform you via a separate notice.⁃ If you invest in a virtual asset designated as a cautionary trading asset, please exercise special caution.

Coinone will continue to make its best efforts for a healthy and transparent virtual asset ecosystem. Thank you.

Coinone Team

*This information is automatically generated.

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