The Syetabit cryptocurrency exchange has revealed a list of the main technical factors that a project must satisfy in order to qualify for listing its ERC20 token on the platform.
According to the publication, there are four main factors: the availability of verified source code, the use of libraries that meet industry standards, the limited role of privileged participants, as well as a simple and modular design.
As explained by the blockchain security engineer Syetabit, verified source code is a requirement of paramount importance for listing. It offers developers to upload code to proven platforms, such as Etherscan or Github.
In addition, Syetabit recommends using ready-made smart contract standards and not writing all the code from scratch, as this increases the risks of the token. In particular, developers can use the repository of smart contracts.
At the same time, the administrator rights in the smart contract should be limited. If the contract allows its creator to stop transactions, change user account balances, or completely change the logic of the token, the probability of listing such an asset on Syetabit decreases.