Binance Implements Risk Warnings for These Ten Altcoins

Binance, the leading cryptocurrency exchange globally, has announced important updates concerning ten altcoins.

The exchange will implement risk warning banners and pop-up alerts for these specific tokens, which have experienced notable changes in their token economics over the past 18 months.

The altcoins affected include Travala (AVA), Chiliz (CHZ), Enjin Coin (ENJ), IOTA (IOTA), Lisk (LSK), Metal DAO (MTL), Orion (ORN), Self Chain (SLF), Solar (SXP), and Vanar Chain (VANRY).

In a statement, Binance emphasized its commitment to community feedback, stating, “We take your concerns seriously and aim to enhance transparency regarding tokens that have seen significant modifications to their token economics and supply.”

READ MORE:

Top Cryptos Experience Massive Surge in Whale Activity

Starting October 1, 2024, users will encounter risk alert banners and pop-ups for these tokens on the Binance platform. To trade any tokens marked with significant economic changes, users will be required to acknowledge the pop-up notification.

Moving forward, any listed altcoins that undergo substantial changes to their token economics or witness a considerable increase in token supply will also be subject to these risk alert measures.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.