How are new cryptocurrencies added to the platform?
Cryptocurrencies are added to the Freedx platform through a structured process designed to ensure compliance, security, and quality. The steps include:
1. Compliance and Documentation
Tokens must meet legal and regulatory requirements under El Salvador's Bitcoin Law and Digital Asset Issuance Law. Issuers submit detailed documentation, including a whitepaper, legal opinions, and a smart contract audit.
2. Evaluation Criteria
- Risk Assessment: Tokens are assessed for risks like market volatility, regulatory compliance, and security vulnerabilities.
- Pricing Methodology: Valuation considers tokenomics, market comparisons, and network activity data.
3. Listing Process
Issuers apply with comprehensive project details and for diligence, including reviews of legal compliance, financial transparency, and technical reliability. The Listing Committee approves tokens based on their evaluations, and approved tokens are listed within a set timeframe.
4. Ongoing Monitoring.
Freedx continuously monitors listed tokens to ensure compliance and mitigate risks. Tokens that fail to meet standards may be delisted.
This process ensures that only secure and compliant cryptocurrencies are listed on Freedx.
Can I request a specific cryptocurrency to be listed?
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