Circle to Unveil Poloniex Asset Listing Framework & Form

The criteria for selecting assets are divided into five categories
20 June 2018   429

Circle has published a manual that includes a description of the criteria for valuing assets that appear on the Poloniex cryptoexchange, as well as in the Circle Invest and Circle Trade product lines.

The criteria for selecting assets are divided into five categories: the project base, the underlying token technology, the development team, the business model, and the target market.

One of our primary goals for Circle products like Poloniex, Invest, and Trade is to provide our customers with access to innovative new projects that fuel the industry. Today, we’re very excited to share the new Circle Asset Framework, Asset Listing Form, and some details on how we plan to list new assets as well as handle other common cryptocurrency events.
 

Poloniex Team

Each criterion has a list of potential issues that experts consider during the analysis of the project. As noted in Circle, this structure is not rigid and exhaustive - it is necessary to select those criteria that are really important for Poloniex customers.

Circle also published an application form, which is submitted for placement of assets in the company's projects. The company stressed that it is not going to take money for listing on Poloniex and in its other projects.

Poloniex to Require 2k Confirmations for BTN Transactions

The exchange hadn't warn users on the new temporarily requirements
13 November 2018   158

Due to the instability of the Bytecoin network, the Poloniex exchange temporarily requires 2000 confirmations to carry out this cryptocurrency transactions. It was reported by the CCN reporter, who tried to transfer funds to the exchange in order to convert into BCHABC and BCHSV tokens, which appeared in the listing on the eve of the sensational hardfork in the Bitcoin Cash network.

In the Bytecoin network, a standard number of confirmations is considered to be 10. This already exceeds the performance of most digital assets.

After waiting 10 hours, the reporter contacted to technical support and received confirmation that the exchange, without informing its users, introduced significant restrictions for Bytecoin holders. Taking into account that Bitcoin Cash hardfork will take place on November 15, and the deposit may take up to 3.5 days, now the user may not have time to carry out his original plan.