Based on recent reviews, Binance announced an extension of the Monitoring Tag to include additional tokens as of July 1, 2024. This tag identifies tokens with notably higher volatility and risks compared to other listed tokens.

Tokens to be added to the Monitoring Tag List:
- Balancer (BAL)
- Cortex (CTXC)
- PowerPool (CVP)
- Convex Finance (CVX)
- Dock (DOCK)
- Kava Lend (HARD)
- IRISnet (IRIS)
- MovieBloc (MBL)
- Polkastarter (POLS)
- Status (SNT)
- Sun (SUN)

Tokens to be removed from the Monitoring Tag List:
- Enzyme (MLN)
- Horizon (ZEN)

Important Points:

Tokens with the Monitoring Tag are closely scrutinized and come with a higher risk of volatility and potential delisting from the Binance platform. Periodic reviews ensure these tokens continue to meet listing criteria. Users must pass a quiz every 90 days on the Binance Spot and/or Binance Margin platforms to trade these tokens, ensuring they understand the associated risks.

The Monitoring Tags can be found on the Binance Spot and Binance Margin trading pages, as well as the Markets Overview page, accompanied by a risk warning banner.

Monitoring Criteria:
Binance evaluates the following factors when adding or removing tokens from the Monitoring Tag list:
- Commitment of the team to the project
- Quality and frequency of development activity
- Trading volume and liquidity
- Network stability and security
- Public communication and transparency
- Responsiveness to due diligence requests
- Evidence of unethical or fraudulent behaviour
- Contribution to a sustainable crypto ecosystem