South Korea’s largest crypto exchange, Upbit, Thursday made public its principle to screen blockchain startups before and after listing. It said its clear listing rule would upgrade the protection of investors and stimulate trading.

Lee Sir-goo, Doonamoo CEO, who heads the Upbit exchange, said his company had accumulated know-how of screening blockchain projects for listing for the past year. He noted Upbit institutionalized the listing rule. He added Upbit would not get fees for registering from blockchain projects. Even after listing, Upbit will continue to monitor whether the listed projects are growing healthily and soundly.

Lee said the listing guideline and pre-listing screening would help investors make an informed decision in investing promising blockchain projects. Upbit will also be able to upgrade its global competitiveness through its transparent screening of blockchain startups.

Upbit made public 21 items for screening blockchain projects ahead of their listing. They include (1) key information on blockchain projects, (2) law-abiding, (3) technological potential, (4) mechanism for generating added value of cryptocurrency, (5) transparency of projects, (6) technical compatibility, (7)transparency in running network,and (8) possibility of transparent and fair investment,

Before listing, Upbit will strengthen pre-screening. After listing, Upbit will continue to monitor blockchain projects for their sound development, he said,

Even after listing, Upbit will alert investors about the financial health of the listed projects. Unhealthy projects will be under its supervision, and they will be delisted from the exchange unless their financial health improves, he said.

Upbit’s screening results will be available to investors on its homepage on a real-time basis.