Binance, one of the world’s leading cryptocurrency exchanges, has announced a new measure aimed at enhancing transparency and protecting users when trading tokens with significant tokenomics changes. Starting from October 1, 2024, Binance will introduce a risk warning banner and a pop-up notification for tokens that have undergone substantial changes to their supply or tokenomics in the last 18 months.
This move comes in response to community feedback and is part of Binance’s ongoing effort to maintain a transparent and sustainable crypto trading environment.
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Tokens Affected by the New Risk Warnings
The tokens flagged with the new risk warning include:
- Travala (AVA)
- Chiliz (CHZ)
- Enjin Coin (ENJ)
- IOTA (IOTA)
- Lisk (LSK)
- Metal DAO (MTL)
- Orion (ORN)
- Self Chain (SLF)
- Solar (SXP)
- Vanar Chain (VANRY)
Users wishing to trade any of the affected tokens must first acknowledge the pop-up notification to gain access to these assets. The introduction of these notifications is designed to inform traders about the risks posed by significant changes in the token’s structure and supply, ensuring that users make well-informed decisions when engaging with these assets.
What’s Next?
Looking ahead, Binance has confirmed that any listed token experiencing similar significant changes in the future will also be subject to these new risk warnings. This includes any token that undergoes a substantial increase in supply or major tokenomics adjustments.
However, other services related to these tokens will remain unaffected.
Binance’s Commitment to Transparency
This initiative highlights Binance’s commitment to building a safe and reliable platform for its global community. The exchange believes that providing clear risk warnings will help users better understand the potential volatility or risks associated with tokens that undergo significant changes, thus promoting informed trading decisions and long-term growth within the crypto space.
For more information on this update, visit the official Binance announcement page here.
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