We would support a tier-2 listing at the present time. This asset don’t pass the price volatility criteria of our due diligence. The liquidity depth is barely passing the tier-1 requirements. In the event of a mean reverse, the liquidity thresholds wouldn’t be met anymore. This is why we recommend a cautious approach for these kind of tokens which have more than tripled during the last couple of months. We recommend at least a quarter of reduced volatility with sufficient market depth to back a tier-1 listing. For the present time we will vote NO to this proposal.
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