Binance Flags Four Risky Altcoins, Simultaneously Launches Liquidity Boost Program
- Binance flags BIFI, FIS, KMD, MDT with Monitoring Tag for higher risk scrutiny.
- Users must pass risk quizzes to trade Monitoring Tag tokens every 90 days.
- Binance launches LiquidityBoost to reward altcoin market makers with rebates.
Binance has placed four digital assets, Beefy (BIFI), StaFi (FIS), Komodo (KMD), and Measurable Data Token (MDT), under its Monitoring Tag as of June 5, citing findings from its latest routine assessments. The Monitoring Tag designation identifies tokens that may display elevated volatility, carry increased risk, or fail to meet the exchange’s listing standards.
The announcement, published on Binance’s official platform, outlines major evaluation metrics that contributed to the decision and discusses its implications for token holders and traders.
What the Monitoring Tag Means for Listed Tokens and Traders
Tokens receiving the Monitoring Tag are subjected to enhanced oversight. Binance applies this classification after full internal reviews.
This evaluation process takes into account multiple indicators. These include the stability and transparency of the project team, ongoing development activity, the token’s market …
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Binance Flags Four Risky Altcoins, Simultaneously Launches Liquidity Boost Program
- Binance flags BIFI, FIS, KMD, MDT with Monitoring Tag for higher risk scrutiny.
- Users must pass risk quizzes to trade Monitoring Tag tokens every 90 days.
- Binance launches LiquidityBoost to reward altcoin market makers with rebates.
Binance has placed four digital assets, Beefy (BIFI), StaFi (FIS), Komodo (KMD), and Measurable Data Token (MDT), under its Monitoring Tag as of June 5, citing findings from its latest routine assessments. The Monitoring Tag designation identifies tokens that may display elevated volatility, carry increased risk, or fail to meet the exchange’s listing standards.
The announcement, published on Binance’s official platform, outlines major evaluation metrics that contributed to the decision and discusses its implications for token holders and traders.
What the Monitoring Tag Means for Listed Tokens and Traders
Tokens receiving the Monitoring Tag are subjected to enhanced oversight. Binance applies this classification after full internal reviews.
This evaluation process takes into account multiple indicators. These include the stability and transparency of the project team, ongoing development activity, the token’s market …
The post Binance Flags Four Risky Altcoins, Simultaneously Launches Liquidity Boost Program appeared first on Coin Edition.
Read More