Binance Implements New Risk Warning System for Altcoins

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Binance introduces a new risk warning system aimed at enhancing the transparency of altcoin assessments. This initiative responds to significant changes in the coin/token economy and supply within the last 18 months. From October 1, 2024, users will be required to acknowledge warning notifications before executing trades involving specific altcoins.

Initial Launch for 10 Altcoins

According to Binance, the altcoins subject to this risk warning have experienced notable changes in their coin/token economy and supply. Users wishing to trade these altcoins must first accept the warning notification.

The following altcoins will fall under this warning system starting from October 1, 2024:

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

The cryptocurrency exchange aims to inform users about the critical changes impacting these altcoins, thereby enhancing risk awareness.

More Altcoins May Be Added in the Future

Binance also indicated that additional altcoins, which undergo significant changes or have increased supply, may later be included in this risk warning system. This applies to all listed altcoins on the platform, allowing Binance to assist users in making more informed investment decisions. The exchange believes this initiative will foster a more transparent and sustainable structure in the cryptocurrency market.

Furthermore, Binance emphasized that other services related to the mentioned altcoins will continue unaffected by this change. This step is taken with the intent of enhancing platform quality and supporting long-term growth based on community feedback.

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