On behalf of the PRO Delegators’ validator, we will support tier-2 listing which is a lot more appropriate in terms of risk profile. We also note the recent improvement in the market-depth but it is also important to factor in that these metrics mostly vary due to price momentum, which derives from volatility. Looking from the distance, most of the price action has happened during the last two months alone. We consider that a tier-2 listing is a necessary safety procedure until a more durable base is established.
These can easily be reassessed in the future and we will therefore support a tier-1 listing when all the criterias will be valid and confirmed over a more reliable period of time (at least a quarter is required for our basic risk analysis).
We hope the WOO’s team won’t take that adjustment as a punitive response, as it is absolutely not the case. From our standpoint, it relates to basic risk management over volatile market behaviors and does not imply any qualitative review of the token itself. Time will filter out these factors and we will be happy to support the tier raise in a few more months.
Govmos.
