Newly-created blockchain firm Circle has recently published its Asset Framework yesterday, June 19, which would reflect the firm’s criteria for listing new tokens to its Poloniex crypto exchange, Circle Invest, as well as Circle Trade product lines.
The asset framework tackles five distinct categories, namely the fundamentals, the people behind a specific project, the technology underpinning the said token, the presently-available market, as well as the business model used. In essence, the asset framework would provide Circle’s administrators a thorough understanding of every asset’s potential, thereby helping them provide sound judgment as to whether they should consider its listing on their available platforms or not.
Regarding forks, swaps, and airdrops, the management explained in a press release that they will be evaluating each on a ‘case-to-case basis’, with their final decision communicated at least five days in advance via their Notices section, coupled with an email sent to the users possessing a balance in the affected asset.
Attached in the press release is the Asset Listing Form, which is the recommended means by the said firm for those who are formally expressing their intent to be considered for listing.
Currently, Circle Invest offers major cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Zcash (ZEC), and Monero (XMR).