Yes, we will make sure every investor will benefit from the same economic benefits that the underlying asset provides.
We are doing our best to announce corporate actions to the owner of any tokenised assets before they take place. Also, please, follow the news on the potential corporate actions on the corresponding tokenised asset by yourself in order to be prepared.
Usually the necessity for the tokens delisting occurs when the underlying asset of a token is excluded from the quotation lists of stock exchanges (i.e. by the delisting of such underlying assets) but also can happen because of other circumstances when our risk management team based on the official notifications on the bankruptcy procedure or other negative corporate actions to take place soon (received from the company itself, regulators, etc.) decides that it is going to be reasonable.
When we find out that the underlying asset of a token is going to be delisted the following steps are done:
- we are informing our clients on the token delisting procedure to take place. Please note that the market can be very unpredictable and sometimes we are not able to inform our clients on the corresponding actions to take place prior they are initiated within the real stock exchange where the underlying token's asset is quoted;
- we transfer the relevant tokens market (tokens type) into the Close-only mode up to the moment of tokens delisting. In this mode you can only sell the correposnding tokens in the 'exchange' trading mode and/or close the current trades within the 'leverage' trading mode. Buying tokens or opening new trades is not allowed.
In case the token has been already delisted and you as a client didn't manage to use the 'Close-only' mode your current trades will be closed / tokens will be sold by cryptocurrencieshub.com at the price which the said tokens actually have at the moment of carrying out the said operation, or at the last accessible (indicated) on the platform price.
You can read more info on this issue at Article 4.16 of our "Terms and Conditions of Use of the Cryptoplatform (Trading Platform), Other Software and the Website".