The QAN team has released a notice that states that ZT Exchange recently listed the $QAN token without authorization from the project team.
According to a tweet monitored by Cryptoinfowatch, the statement from QAN network stated:
“NOTICE: it seems that ZT exchange listed $QANX without any prior connection or notification.”
⚠️NOTICE: it seems that ZT exchange listed $QANX without any prior connection or notification. Our team is not in contact with ZT. We will investigate the listing and its true nature.
In the meantime we recommend to wait our official listing announcement of a top tier exchange.
— QANplatform (@QANplatform) November 11, 2021
Situations such as this rarely occur since there are basic demands required by exchanges before listing of tokens are approved. Furthermore, the owners of the team are expected to pay the required fees for the listing.
You would expect that the team behind a project would be aware of listings in exchanges. This is the conventional protocol since the team decides which exchanges they want their tokens to be listed.
The release from the QAN team further stated that they are in contact with ZT in a bid to determine the “nature of the listing”
We shall be keeping an eye on this development to intimate you on the possible outcome of the investigation by QAN network.
Holders of the token are advised to await further announcement regarding listing from the team.
About ZT Global
ZT is a crypto to crypto exchange that supports a large number of altcoins. The company is registered in Seychelles and regulated by the country’s authorities. It features an OTC desk with low trading fees. However, for users to withdraw funds, they need to go through KYCs.
QAN is a platform where developers can deploy decentralized applications (dApps), smart contracts, decentralized finance platforms (DeFi), NFTs and more. The strength of the blockchain is that it is a quantum resistant platform. On November 2, it launched its QAN bridge and announced that it would announce its first listing on a centralized exchange (CEX).