On October 1st, Binance, the largest global cryptocurrency exchange, announced a new measure aimed at enhancing transparency and protecting its user base. The platform will now issue risk alerts for coins that have undergone substantial changes in their token economics. This initiative is part of Binance's broader efforts to maintain platform quality and keep users informed about potential risks.
Starting October 1, 2024, Risk Notifications Will be Implemented
According to Binanceâs official announcement, as of October 1, 2024, any token that experiences notable shifts in tokenomics will trigger a risk alert on the platform. A pop-up notification will appear, outlining the changes, and traders will need to acknowledge and accept the warning before being able to proceed with trading these assets. This new feature is designed to ensure users fully understand the implications of trading tokens that may have recently undergone significant modifications.
Altcoins Impacted by Recent Changes
Binance has identified a list of 10 altcoins that have experienced major tokenomics transformations in the past 18 months, and as a result, these tokens will be flagged with risk notifications:
Travala (AVA)
Chiliz (CHZ)
Enjin Coin (ENJ)
IOTA (IOTA)
Lisk (LSK)
Metal DAO (MTL)
Orion Protocol (ORN)
SelfChain (SLF)
Solar (SXP)
Vanguard (VANRY)
These altcoins have seen significant changes, such as supply adjustments, modifications in distribution, or shifts in governance structures, making it essential for users to stay informed before engaging in trades.
Binanceâs Long-Term Vision
Looking ahead, Binance will continue to add risk alerts for any listed tokens that undergo substantial alterations in their tokenomics, such as significant supply increases or other structural changes. This proactive approach is designed to support the platform's long-term growth by equipping users with the knowledge they need to make well-informed trading decisions.
Binanceâs move underscores its commitment to user safety and transparency, as it aims to cultivate a more secure trading environment. For more updates on this and other important announcements, make sure to follow Binanceâs official channels.
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