XYO Foundation, like many of our followers and token holders, is concerned about the ST status given to the XYO Token by our partner exchange, KuCoin. The status is triggered automatically by certain events. It followed a spike in the price and trading volume of the XYO token, which neither XYO Foundation nor XY - The Persistent Company facilitated.
We had initially expected the status to be removed promptly, within 24 hours, however further talks with KuCoin have brought to light that their policy necessitates an observation period.
The status may not be removed until well into next month (April 2021).
While we have no control over this decision, this is KuCoin policy and is intended with the best interests of their traders in mind. We will continue to update as any new information comes to light.