Why the submission should be accepted
There are a few points to be made here, all of them are also valid for the 4 similar cases currently active in the token listing court:
1. First and most important, the TCR policy is clear in cases like this one:
“Requests are not to be denied listing based on token creation date, token swap status (with non-ethereum chains), use case or token activity.”
The policy clearly states that requests are not to be denied based on token activity, creation date, use case or swap status. Thus the fact that the token is currently frozen on the SNX exchange (main point of the challenger) cannot be a reason for rejection. This is a valid token on the ethereum network, if we follow the TCR policy (as we should) it can and should be added to the TCR.
2. The previous point alone would be enough to prove that the submission should be accepted, but there is more to be said:
The challenger argues that the token cannot be traded and is useless in its current state, this is false. You can read on the official SNX pages referring to inverse synths:
“If it reaches either of its limits and gets frozen, it will no longer be able to be purchased on Synthetix.Exchange, but can still be traded for other Synths at its frozen value.” (evidence for this is in the attached document)
The only limitation is on new purchases, it can still be traded for other synths, traded on secondary markets (like uniswap) or redeemed for sUSD. It is by no means a “useless token” as the challenger says.
3. The precedents are clear, all the other SNX inverse synths are already listed on the TCR (the jurors can check for themselves by searching for “Synthetic Inverse” in the TCR). Not even a single one has been removed, even though some have been frozen for months.
If all the submitted inverse synths have been accepted and are still listed in the TCR, even if frozen, what is the point of challenging the submission of the few missing ones?
These three points are enough to prove that these submissions should be accepted, once they are we will have all of the SNX inverse synths listed on the TCR. In the meantime I will be waiting for the challenger to submit a counterargument, if there is any.