Dear TIOnauts,

In our ongoing efforts to improve the crypto trading experience for our users, we are engaged in a campaign to raise the standards for the tokens listed on our exchange. This has been an iterative process with the management teams of the various projects to determine the best course of action and discuss various options.

While each token and project is unique, there are a few general standards that we have begun to enforce or enforce more vigorously. These include, but are not limited to, trading that looks inappropriate, management teams that are not reasonably responsive to basic inquiries and instances where a business or token is undergoing changes that make it no longer suitable for listing for any reason.

To be clear, we are making no statement on the validity or desirability of any token and no token being delisted is being accused of anything on this list or any other concern. These are simply tokens where the project needs to no longer coincide with the services provided by trade.io for any of a myriad of reasons.

As a result, the following tokens have been selected for delisting in this current round:

Kratos (KTOS), WPP Energy (WPP), XchangeRate (XRR) and Bitnautic (BTNT).

These four tokens will be completely delisted from our exchange on July 12th, 2019. Holders of these tokens are encouraged to withdraw them from the exchange as soon as reasonably possible; unless otherwise noted, withdrawals will be available for thirty (30) days following delisting.

As we have previously mentioned, trade.io has made and will continue in the future to make, every attempt to make this process a mutual discussion with each project. To that end, we asked each project to provide a statement for this announcement if they so choose. The statements provided are reproduced below and are the words of these companies, trade.io takes no responsibility for them but has reprinted them in an effort to serve these companies.

As always, we at trade.io are continuously working to provide the best trading environment possible for our listed companies and trading users.

Sincerely,

trade.io

Company Statements

Kratos

“As we started implementing our product to end users we have faced a situation where we found that commodities trading industry is still not ready & educated enough to deal with the cryptocurrency market and to make it better for everyone we have decided to void our utility token KTOS usage from the product. Hence we are offering a fixed price token buy out to all our token holders @ US$ 0.001 per token. We appreciate your support and confidence shown in our product so far. Thank you”

XchangeRate

“We would like to announce our decision to temporarily delist our token from your Exchange in preparation for our token swap event. Our team has decided to replace current XRR ERC20 tokens with newly created ERC20 Tokens (symbol to be revealed later). The tokenomics structure will remain the same. We will enable a system to ensure efficient swap of tokens with current XRR token holders on your exchange.”

Bitnautic

“After careful and mutually productive discussions with trade.io, Bitnautic and trade.io have mutually decided that the best decision at this time is to delist BTNT from trade.io.

WPP

[WPP would not respond to our questions or engage in a dialogue with us, so no statement is provided]