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Introducing Risk Warnings for Tokens with Significant Tokenomics Changes

Introducing Risk Warnings for Tokens with Significant Tokenomics Changes

2024-10-01 12:01

This is a general announcement. Products and services referred to here may not be available in your region. 

Fellow Binancians,

To maintain a high-quality platform for all users, Binance takes community feedback very seriously. 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. 

To gain trading access to tokens marked with significant tokenomics changes, users will first need to acknowledge the pop-up notification.

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)

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 is dedicated to building a transparent and sustainable crypto ecosystem. We believe these measures will help users make more informed decisions and promote long-term growth within the community.

Notes:

  • Other services related to the aforementioned tokens will not be impacted.

  • There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. 

Thank you for your support!

Binance Team

2024-10-01

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.