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Oct 01, 2024

June 19, 2018

Introducing the Circle Asset Framework

what you’ll learn

We have introduced our new Circle Asset Framework and details on how we plan to list new assets. Read oru blog today to learn more about this update!

Introducing the Circle Asset Framework

We've heard your interest in understanding what drives new listings in Circle products. One of our primary goals for Circle products like Poloniex, Invest, and Trade is to provide our customers with access to innovative blockchain 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.

Our Asset Framework provides an approach to understanding each asset's potential. We pose questions across five broad categories – fundamentals, technology, people, business model, and market dynamics. We score projects in each category based on publicly available data points and information submitted to us through our Asset Listing Form. When it comes to deciding what will be listed on our exchange:

  • We build trust by prioritizing security of funds above all else and protecting customers from harm.
  • We remain neutral in the market as a whole and welcome all legitimate assets.
  • We default to open protocols and transfer of value.
  • We embrace rational market participation, arming users with data to make informed decisions.

We want to be clear: this framework is not intended to be a comprehensive checklist of requirements that projects must meet. We understand that projects may be at different points in the development cycle, and each brings something different to the table. Instead, this framework is meant to help us prioritize new listings according to the opportunity they present for Poloniex customers.

Listing Assets

In order for your project to be considered for listing, your team should first fill out the Asset Listing Form. For projects that prove most promising according to our framework, we will use the information provided to kick off implementation testing, security review, and a legal analysis of the asset. We will reach out to your team if we are interested in listing to set up time for more specific questions and discussion of next steps. Once we decide to list the asset, our engineering team will implement deposits, withdrawals, and associated trading pairs for the asset on our platform. We'll open new markets as soon as we announce the listing through our product blog and the Notices section of the exchange. Please note: we will not accept any kind of payment to list an asset.

Forks, Swaps, and Airdrops

Because these events can be sporadic and dependent on circumstance, we plan to evaluate on a case-by-case basis. We are more likely to support these events if they are planned, documented and communicated well in advance. We look out for the opportunity to do a code and security review of the planned change. We'll communicate our decision as to whether or not to support an event at least 5 days in advance through the Notices section of the exchange homepage and an email to users holding a balance in the asset affected.

Delisting Assets

From time to time we may need to delist an asset if the project doesn't meet the above-stated goals. We will announce delistings 7 days in advance through our product blog, the Notices section of the exchange homepage, and an email to any users holding a balance in the impacted asset. You will have 7 days to continue trading and exit positions before the markets are closed. You will have an additional 14 days beyond delisting to withdraw any remaining balance from the exchange to a private wallet address. We'll be sure to send you email reminders so you don't forget to withdraw.

We're looking forward to building the future of tokenization alongside this vibrant community.

If you have any feedback on our framework, form, or any of the above, we welcome your suggestions! Please reach out to us on Twitter or through our support team here. To be the first to receive updates on Poloniex and other Circle announcements, please follow us on Medium.

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