Recently, some coins listed on Binance have been secretly increasing their issuance (the total supply of tru exceeds the total supply of tokens), and there have also been cases of changing their names (such as matic to pol, orn to Lumia, etc.), which has caused serious disturbance and damage to the market and seriously destroyed market confidence.
The blockchain spirit has always been decentralized, safe, honest, transparent and traceable, so it has grown and developed. If they are allowed to increase their issuance at will, it will destroy the foundation of the entire industry and will also cause other project parties to follow suit. There will be a phenomenon of not focusing on project development and market value management, but only on making money. The wealth growth effect is not obvious, and users' trust in various projects will be completely destroyed.
It is hoped that Binance will severely warn these coins that have been secretly increased and changed their names, and require the project parties to rectify within a time limit; at the same time, a warning will automatically pop up when the currency is bought and sold, and a "large amount of additional issuance" label will be added to the label; for projects that refuse to rectify, it is recommended to be removed from the shelves.