The “Special Treatment” (“ST”) mechanism is widely used in crypto exchanges for projects at risk of being delisted, and they will be under mandatory review over a specified period. The project moved to “Special Treatment” is designated as a Special Treatment project, facing the risk of being delisted after the observation period.

This article will walk you through the situations for projects that may be designated as Special Treatment projects or be delisted.

1: The potential ST project or delisted project situations.

To provide a better user experience on Lorums Exchange (the “Exchange”), the Exchange has set the special treatment rules (“Rules”). Projects that are in the following situations (“Negative Situations”) will be designated as Special Treatment projects or be delisted:

（1）The project applies to be delisted from Lorums.

（2）The project with low liquidity for a certain period.

（3）The project’s technology has a security issue.

（4）The project ceases or is likely to end its operation or business activities.

（5）The project stops or is likely to stop its operations.

（6）The team may be at risk of being disbanded.

（7）The project is on the verge of insolvency, order, or proceeding for liquidation, bankruptcy, or similar is taken, made, commenced against, or about the above or any material part of its assets.

（8）The project is suspected of malicious attempts or behaviors of any type.

（9）The project or its team members (including but not limited to founders) or consultants are under investigation for a suspected breach of or are convicted for an actual violation of any applicable laws, statutes, and regulations.

（10）The project carries out market misconduct such as wash trading, market manipulation, or insider trading.

（11）The project is regarded as high risk according to the audit, the legal, and the technical teams of Project.

（12）The project fails to inform Lorums of its material changes in its development, team members, listed entities, and other information required within the specified period. 

（13）Any other situations Project may deem risky for its users or the platform.

2: Important notifications.

（1）Once designated as “Special Treatment” by the Exchange, as a warning, there will be a special designation on the Project’s ticker symbol during a specific observation period. Special Treatment is a warning of potential delisting. The ST Project shall be subject to close observation and scrutiny during the observation period.

（2）The Lorums Exchange may delist the ST Program if the Program fails to meet the basic liquidity requirements by the end of the observation period. Correspondingly, if the basic liquidity is improved and exceeds the requirement threshold by the end of the observation period, the ST ticker symbol will be removed.

（3）During the observation period, the Lorums Exchange may decide to delist the ST Project if the Lorums Exchange believes the ST Project fails to take necessary actions to remedy the Negative Situation. Nevertheless, in its sole discretion and without prior notice, the Exchange reserves the right to immediately delist the ST Project if the Lorums Exchange believes circumstances warrant so.

（4）Upon being delisted by the Exchange, any trade or deposit of the Plan will be suspended. A new approval and listing procedure shall be carried out if the delisted Program wants to be listed on the Lorums Exchange again. The Lorums Exchange reserves the right to modify any term of these Rules without prior notice. Shall you have any inquiries, please get in touch with the account manager.

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