Unsupported Token List Podcast
Unsupported SEP-20 Tokens on the Goblins Web Interface
Some SEP-20 token contracts are unavailable for swapping on the Goblins web interface. While the Goblins Protocol is permissionless and censorship-resistant, allowing anyone to access it at any time without the possibility of alteration, Goblins, a U.S.-based company, builds products on top of this protocol, such as web and mobile apps, and must comply with specific laws and regulations.
Circumstances for Adding Tokens to the Unsupported Token List
- Legal and Regulatory Requirements:
- Regulated Financial Instruments: If a federal agency settlement or court judgment against the token’s issuer determines that the tokens are regulated financial instruments (e.g., securities or derivatives) when traded in secondary transactions, they may be added to the unsupported token list.
- Fraud Allegations:
- Regulatory Actions: Major financial or criminal regulators filing fraud allegations against the token issuer can lead to the token being unsupported.
- Intellectual Property Claims:
- Copyright Infringement: If a holder of intellectual property serves notice of plausible copyright infringement, subject to the DMCA notice and takedown provisions.
- Trademark Infringement: Trademark claims not subject to the DMCA and its established counter-notice procedures.
- Publicity Rights: Claims regarding the publicity rights of a third party, beyond the mere usage of a common name, and not subject to the DMCA.
- Risks to Users:
- User Safety: Identified technical, fraud, or other risks that could significantly affect user safety may result in a token being added to the unsupported list.
Additional Tips and Considerations
- Understanding Restrictions:
- Token Status: Always check the status of a token on the Goblins interface to ensure it is supported for swapping.
- Regulatory Compliance: Be aware of the legal and regulatory environment affecting the tokens you trade, especially regarding securities laws and fraud allegations.
- Security Measures:
- Due Diligence: Conduct thorough due diligence on tokens before trading, including researching the issuer and any potential legal or regulatory issues.
- Risk Management: Stay informed about potential risks, including technical vulnerabilities and intellectual property disputes, that could affect token availability.
- Community and Updates:
- Engage with Community: Participate in the Goblins community to stay updated on changes to the unsupported token list and other important updates.
- Feedback and Reporting: Report any suspicious tokens or activities to Goblins support to help maintain a safe trading environment.
- Alternatives and Options:
- Explore Alternatives: If a token is unsupported on the Goblins web interface, consider using other platforms or decentralized applications (dApps) that may support the token.
- Token Bridges: Use token bridges to transfer assets to networks or platforms where the token is supported and compliant.
Conclusion
The Goblins web interface may restrict certain SEP-20 tokens from swapping due to legal, regulatory, and safety concerns. By understanding the circumstances leading to these restrictions and following best practices for security and compliance, users can navigate the decentralized finance ecosystem more effectively. Stay informed, engage with the community, and explore alternative options to ensure a safe and compliant trading experience in the Goblins Ecosystem.