📢 Here's what you need to know! ⚠️
In an effort to improve transparency and safeguard users from potential risks, Binance has introduced a new system of risk warnings for tokens that have undergone significant changes in their tokenomics or supply. As of October 1, 2024, Binance users will see a risk warning banner and pop-up notification for affected tokens, which they must acknowledge before gaining trading access.
💡 Tokens with Significant Changes:
Travala (AVA)
Chiliz (CHZ)
Enjin Coin (ENJ)
IOTA (IOTA)
Lisk (LSK)
Metal DAO (MTL)
Orion (ORN)
Self Chain (SLF)
Solar (SXP)
Vanar Chain (VANRY)
📈 How It Works:
When a token experiences substantial changes in tokenomics (such as supply adjustments, lockup periods, or distribution changes), Binance will display a risk warning. This ensures that users are fully aware of the potential implications of these changes before making any trading decisions.
🔐 Why It Matters:
These changes are intended to protect users from unforeseen risks associated with tokens that may be more volatile due to alterations in their tokenomics. Binance continues to lead in providing user-friendly measures that improve safety and transparency in the crypto space.
🔥 What’s Next?:
This new system marks Binance's ongoing commitment to improving platform transparency and user protection. Traders can expect more updates as Binance evolves its safety and risk management features.
