The post Binance Adds Risk Warnings for Cryptocurrencies with Altered Tokenomics appeared on BitcoinEthereumNews.com.

Binance introduces risk warnings for tokens with significant tokenomics changes, improving user awareness before trading. Tokens like Travala, Chiliz, and IOTA are among those affected by Binance’s new transparency measures due to recent tokenomics shifts. Binance ensures enhanced user protection by requiring acknowledgment of risks when trading tokens with notable tokenomics changes. Binance announced new measures to increase transparency and user safety on October 1, 2024. The world’s leading cryptocurrency exchange will now display risk warning banners and pop-up notifications for tokens that have undergone notable changes to their tokenomics. This move aims to ensure traders are fully aware of the potential risks involved before they proceed. Binance made this decision in response to community feedback calling for greater clarity regarding tokens with major shifts in their token supply or tokenomics. The risk warnings demonstrate Binance’s commitment to maintaining a transparent trading environment. These measures apply to tokens that have undergone significant tokenomics changes in the past 18 months. In addition to the risk warning banners, users must acknowledge a pop-up notification before trading tokens marked with these changes. This extra step ensures users are fully informed of the potential risks. Tokens Affected by the New Risk Warning Measures Binance identified several tokens that will carry the new risk warnings, all of which experienced notable tokenomics adjustments over the last 18 months. These include: Binance has identified several tokens that will now carry new risk warnings, particularly those affected by notable tokenomics adjustments over the last 18 months. Travala (AVA), priced at $0.47 with a market cap of $25.7 million. AVA has a maximum supply of 100 million coins. Chiliz (CHZ), trading at $0.06 with a circulating supply exceeding 9 billion coins and a market cap of $559.9 million. Enjin Coin (ENJ), priced at $0.15, with a circulating supply of…

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Filed under: News - @ October 2, 2024 6:09 am