Binance, one of the leading platforms in the cryptocurrency world, announced an important development for some altcoins in order to increase user security.
Based on community feedback, the platform is introducing a new risk alert system for altcoins that have experienced significant changes to their tokenomics and supply. As of October 1, 2024, risk alert banners and pop-up notifications will be available for these tokens.
Which Tokens Will Be Affected?
Binance announced that it will be rolling out this system for some altcoins that have undergone significant changes in the last 18 months. Risk warnings will apply to the following tokens:
Travala (AVA)
Chile (CHZ)
Engine Coin (ENJ)
IOTA (IOTA)
Lisk (LSK)
Metal DAO (MTL)
Orion (ORN)
Self Chain (SLF)
Solar (SXP)
Vanguard (VANRY)
Users will have to confirm the warning notification before trading these tokens. This approach aims to enable users to make more informed decisions about tokenomic changes.
Binance Increases Transparency
Binance aims to increase transparency to ensure sustainable growth in the crypto ecosystem while maintaining community trust. This change aims to help users make more careful and informed decisions when trading cryptocurrencies.
Other Binance services related to the mentioned tokens will not be affected by this warning. However, other tokens that experience significant changes to their tokenomics or supply in the future may also be subject to a similar risk warning system.
