Binance Issues Risk Warnings For Tokens That Have Undergone Tokenomics Changes
The post Binance Issues Risk Warnings For Tokens That Have Undergone Tokenomics Changes appeared first on Coinpedia Fintech News
Binance in an official statement has announced Introducing Risk Warnings for Tokens with Significant Tokenomics Changes.
“We have heard your concerns and are taking action to increase transparency regarding tokens that have undergone significant changes to their tokenomics and supply. From 2024-10-01, Binance will be introducing a risk warning banner along with a pop-up notification for these tokens on our platform,” it noted.
To gain trading access to tokens marked with significant tokenomics changes, users will first need to acknowledge the pop-up notification, the statement remarked.
In particular, the tokens that registered tokenomic changes or supply adjustments in the last 18 months will be labeled under a new policy.
Which Altcoins Are Being Issued Risk Warnings?With these changes, Binance will apply the risk warning banner and pop-up to the following tokens that have undergone significant changes to their tokenomics in the past 18 months: Travala (AVA), Chiliz (CHZ), Enjin Coin (ENJ), IOTA (IOTA), Lisk (LSK), Metal DAO (MTL), Orion (ORN), Self Chain (SLF), Solar (SXP), Vanar Chain (VANRY).
Additionally, Moving forward, any listed tokens that undergo significant changes to their tokenomics or experience a substantial increase in token supply will also be subject to the risk warning banner and pop-up notification.
Binance underscored that it is dedicated to building a transparent and sustainable crypto ecosystem and they believe that these measures will help users make more informed decisions and promote long-term growth within the community.