Binance has announced in an official statement the introduction of risk warnings for tokens with significant tokenomics changes.
“We have heard your concerns and are taking action to increase transparency regarding tokens that have undergone significant changes to their tokenomics and offerings. Starting from 01-10-2024, Binance will introduce a risk warning banner along with a pop-up notification for these tokens on our platform. noted.
To gain trading access to tokens marked with significant tokenomics changes, users must first acknowledge the pop-up notification, the statement said.
Notably, those tokens that have recorded tokenomic changes or supply adjustments in the past 18 months will be labeled under a new policy.
Which altcoins get risk warnings?
With these changes, Binance will apply the risk warning banner and popup to the following tokens that have undergone significant changes to their tokenomics over 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).
Additionally, 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 in the future.
Binance underlined that it is committed to building a transparent and sustainable crypto ecosystem and they believe these measures will help users make more informed decisions and promote long-term growth within the community.
