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.