Binance introduces Seed Tags and Watch Tags: Helping users identify highly volatile and high-risk tokens.
2023-07-26 03:31
Odaily News According to an official announcement, Binance will launch Seed Tag and Monitoring Tag on July 26th. Previously, there were concerns from the community about the difficulty of distinguishing tokens between the Innovation Zone and the main trading zone. Users will need to take a corresponding test every 90 days on Binance Spot and/or Binance Futures platforms, and accept the terms of use in order to obtain trading access for tokens with Seed Tag or Monitoring Tag. The test aims to ensure that users understand the risks involved when trading tokens with Seed Tag and Monitoring Tag. The Seed Tag and Monitoring Tag will appear on the corresponding Binance Spot and Binance Futures trading pages, as well as the market overview page. For all tokens with Seed Tag and Monitoring Tag, Binance will also display a risk warning banner.
The Seed Tag will replace the Innovation Zone and will apply to all tokens currently listed in the Innovation Zone, as well as future innovative project tokens. These tokens may have higher volatility and risk compared to other listed tokens. In addition, Binance will introduce the Monitoring Tag, which will apply to the following tokens that may have higher volatility and risk compared to other listed tokens.
Furthermore, Binance will conduct regular project reviews and decide whether to add or remove related tags for tokens based on the latest investigation results.
The Seed Tag will replace the Innovation Zone and will apply to all tokens currently listed in the Innovation Zone, as well as future innovative project tokens. These tokens may have higher volatility and risk compared to other listed tokens. In addition, Binance will introduce the Monitoring Tag, which will apply to the following tokens that may have higher volatility and risk compared to other listed tokens.
Furthermore, Binance will conduct regular project reviews and decide whether to add or remove related tags for tokens based on the latest investigation results.
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