Reason for Extension:
Binance has extended the Monitoring Tag to include more tokens based on recent reviews. Tokens with the Monitoring Tag are subject to higher volatility and risks compared to other listed tokens and are closely monitored to ensure they meet Binance's listing criteria.
New Tokens Added to 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 Removed from Monitoring Tag List:
Enzyme (MLN)
Horizon (ZEN)
Monitoring Tag Details:
Volatility and Risks: Tokens with this tag exhibit notably higher volatility and risks.
Periodic Reviews: Regular reviews are conducted to assess if tokens meet listing criteria.
Quiz Requirement: Users must pass a quiz every 90 days to trade these tokens, ensuring awareness of the risks.
Review Criteria: Includes team commitment, development activity, trading volume, network stability, public communication, responsiveness to due diligence, and contribution to a sustainable crypto ecosystem.
Conclusion:
The extension of the Monitoring Tag list aims to promote transparency and long-term, sustainable growth in the crypto ecosystem by ensuring that high-risk tokens are closely monitored and users are aware of the associated risks.
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