This document establishes the relationship between the BOLOLEX management (hereinafter referred to as the Exchange), the developers (organizers, owners) of cryptocurrencies (hereinafter referred to as the Developer) and describes the conditions and the procedure for deleting cryptocurrencies (or tokens, hereinafter referred to as the Coin) from the Exchange.
The Exchange expects to receive from the Developers prompt and comprehensive information that is necessary for the uninterrupted and fair use of the Coin in trading operations on the Exchange. If Developer fails to provide sufficent information, Coin can be removed from the Exchange.
Coins can be removed from the cryptocurrency exchange in the following cases:
- Network instability for a long period of time
- No trading volumes for more than 30 days
- The Developers are suspected of unethical or fraudulent activity
- The Developer stops supporting the Coin
- The Developer’s failure to compensate losses suffered by the users of the Exchange as a result of an attack on the blockchain Coins, or errors in the Coin software
- Violation of a Third Party's Intellectual Property Rights by the Developer.
The Developers of a cryptocurrency are obliged to compensate losses incurred by the Exchange due to attacks on the cryptocurrency’s blockchain. The Exchange reserves the right to freeze a cryptocurrency wallet until losses have been fully compensated or to delist a cryptocurrency from the Exchange in the event of refusal to provide compensation. Should the Developers violate any of their obligations, which leads to users making claims against the administration of the Exchange, they are obliged to respond to all claims which the administration of the Exchange has brought to their attention.
Prior to the removal of a Coin from the Exchange, a period of up to 30 days is set during which users can withdraw their assets. For coins with a broken blockchain the same period will be set for an opportunity to exchange the balance for the token of the Exchange.
The currency of pair of tokens can be determined or/and changed by the Exchange itself.
In the event the Coin is delisted, the listing fee is not refunded to the Developer.