Binance to Introduce Risk Warnings for Select Tokens

The largest cryptocurrency exchange, Binance, will introduce banners and pop-up warnings for certain coins that have “undergone significant changes in their tokenomics over the past 18 months.”

At #Binance, we’re always listening to community feedback and looking out for our users!

Starting today, we’ve introduced risk warnings for tokens with significant tokenomics changes. This initiative boosts transparency and helps you make better-informed decisions.

Find out… pic.twitter.com/SDv0vmqM3O

— Binance (@binance) October 1, 2024

From October 1, the changes will affect the following assets: 

• Travala (AVA); 
• Chiliz (CHZ); 
• Enjin Coin (ENJ); 
• IOTA (IOTA); 
• Lisk (LSK); 
• Metal DAO (MTL); 
• Orion (ORN); 
• Self Chain (SLF); 
• Solar (SXP); 
• Vanar Chain (VANRY).

Platform representatives have promised to continue marking coins in this manner if their tokenomics undergo significant changes. 

Previously, Binance reported an excess collateralization of client funds with cryptocurrency reserves.