Listed Projects Policy

GROVEX-LISTED-PROJECTS-POLICY-V1

Policy: Delisting & Offboarding and Market-Making Compliance

Historical effective date: 14 March 2024, 2:55:54 PM AEDT / Melbourne time.

This policy applies to GroveX-listed projects, including free listings, paid listings, integrated projects and projects using market-making services, subject to the project's executed agreement, signed addendum and applicable law.

This publication does not change the contracting entity or governing law stated in an executed agreement. Where this policy conflicts with an executed agreement or signed addendum, the executed agreement or signed addendum prevails.

1. Key Fees

• Minimum delisting/offboarding fee: USD $5,000.
• MM non-compliance fee: USD $100 per day.
• Additional cost recovery may apply for marketing, technical, integration, market-making, liquidity, third-party, compliance, operational and offboarding costs.

The USD $5,000 delisting/offboarding fee is a minimum fee only and is not a cap on recoverable costs where recovery is permitted by the applicable agreement, addendum, terms or law.

2. Scope and Acceptance

Subject to the applicable agreement, this policy covers new listing agreements, free and paid listings, integrations, technical onboardings, listing renewals or amendments, market-making arrangements and delisting/offboarding requests made on or after the Effective Date.

It applies to projects using GroveX-provided market making, their own market maker or a third-party market maker.

Acceptance may occur through signature, email or written confirmation through an official channel, continued listing or trading activity, continued integration support, or another method permitted by the executed agreement and applicable law.

3. Delisting and Offboarding

A project requesting delisting, trading-pair removal, integration removal, wallet removal, blockchain-support removal, service termination, market-making termination or offboarding must complete applicable operational, financial, compliance and technical requirements before the request is processed.

Requirements may include:

• settlement of outstanding invoices and fees;
• settlement of delisting/offboarding fees and applicable cost-recovery amounts;
• reconciliation of market-making obligations and LP/liquidity balances;
• technical removal of trading pairs, wallets, blockchain support or integrations;
• user or platform notices where required; and
• internal compliance and operational review.

Submission of a request does not guarantee immediate processing. A reasonable processing period may apply after required items are completed.

4. Delisting / Offboarding Fee

Covered new listing agreements, listing renewals, updated agreements, integrations, technical onboardings and accepted addendums entered into on or after the Effective Date include a minimum USD $5,000 delisting/offboarding fee unless the executed agreement or signed addendum states a different fee or expressly waives it.

The fee may apply to free listings, paid listings, integrated projects, technical-only projects, wallet or blockchain integrations and projects that paid or were required to provide integration, technical, marketing, market-making, liquidity, promotional or other non-listing amounts.

5. Additional Cost Recovery

Where permitted, GroveX may recover additional costs incurred, committed or left unpaid in connection with a project's listing, integration, promotion, market-making support, trading-pair maintenance, technical support, wallet or blockchain support, liquidity arrangements or offboarding.

6. Market-Making Minimum Requirements

Where a project is subject to minimum market-making performance requirements under its executed agreement, MM schedule, listing terms or other applicable commercial terms, the project must maintain compliance with those requirements.

Minimum Requirements may include:

• minimum transaction volume;
• minimum number of orders;
• minimum order-book depth;
• minimum liquidity provision;
• spread requirements;
• uptime or trading-activity requirements; and
• other requirements stated in the applicable agreement or MM terms.

7. MM Non-Compliance Fee

If GroveX determines, based on its records and the applicable agreement or MM terms, that a project is not meeting the Minimum Requirements, GroveX may apply a USD $100 per day non-compliance fee.

The USD $100 per day fee applies from the date non-compliance is identified and notified, or another date specified in the applicable agreement or MM terms, until the issue is rectified and the project returns to compliance.

Therefore, if a project turns off its market maker and that causes it to fall below the agreed Minimum Requirements, the non-compliance fee may apply after notice in accordance with the applicable terms.

Notice may be issued through an official GroveX account manager/BDM channel, the official email domain used in the agreement, the project's nominated contact email or another agreed official communication method.

8. Billing, LP/MM Adjustment and Outstanding Amounts

Where permitted by the executed agreement, signed addendum, MM terms or applicable law, MM non-compliance fees, delisting/offboarding fees and applicable cost-recovery amounts may be billed monthly, invoiced separately, deducted from amounts owed to the project, and/or adjusted against the project's LP/MM account balance.

GroveX may withhold or delay offboarding, and where permitted may withhold LP release, until outstanding amounts are settled.

9. Hiding, Suspension and LP Depletion

If a project's MM account, LP balance or required liquidity balance is depleted, or if continued MM non-compliance remains unresolved, GroveX may hide, suspend or restrict the token or related trading pairs and may suspend listing, promotional or MM support.

Hiding or restricting visibility is an operational measure and does not itself constitute formal delisting unless processed as delisting/offboarding.

10. Legacy Listings

For projects listed, integrated, onboarded or technically supported before the Effective Date, this policy does not automatically amend or override a previously executed agreement. GroveX may provide an updated agreement or Delisting & Offboarding Addendum when an offboarding request is made.

11. Records, Non-Refundable Amounts and No Waiver

Subject to the applicable agreement and law, GroveX may rely on trading, MM, integration, invoice, operational, account-management, compliance and third-party provider records when assessing amounts due and compliance.

Unless expressly agreed otherwise, amounts already paid, incurred or committed are non-refundable. Failure or delay in enforcing a right does not operate as a waiver.

12. Contracting Entity, Governing Terms and Contact

The contracting entity and governing law are those stated in the applicable executed agreement or signed addendum. Nothing on this page overrides mandatory applicable law.

For questions, clarification, disputes or escalation concerning listed-project delisting/offboarding or market-making compliance, contact the project's GroveX account manager or email AdminGroveX@grovex.io.