At Extreme Investor Network, we pride ourselves on being at the forefront of the cryptocurrency industry and providing our readers with the latest and most valuable information. Today, we are thrilled to announce that Binance, the largest cryptocurrency exchange, is expanding its Monitoring Tag to include five more tokens: EPX, FOR, UNFI, WAVES, and WNXM.
The Monitoring Tag is a designation given to tokens that exhibit higher volatility and risks compared to other listed tokens. These tokens undergo regular reviews by Binance to ensure they meet the exchange’s stringent listing criteria. Factors such as the team’s commitment to the project, development activity, trading volume, liquidity, network stability, and security are all taken into consideration during these assessments.
To trade tokens marked with the Monitoring Tag, users will now be required to pass a quiz every 90 days on the Binance Spot and/or Binance Margin platforms. This quiz is designed to educate users about the risks associated with trading these volatile tokens. Additionally, users will need to accept the Terms of Use before gaining access to these tokens.
The Monitoring Tags for EPX, FOR, UNFI, WAVES, and WNXM will be visible on the corresponding trading pages on Binance’s platforms, as well as on the Markets Overview page. A risk warning banner will also be displayed for all tokens with the Monitoring Tags to ensure users are fully aware of the associated risks.
Binance will conduct periodic project reviews and may decide to add or remove the Monitoring Tag based on its latest findings. The exchange’s objective is to contribute to a healthy and sustainable crypto ecosystem, promoting transparency and long-term growth.
It’s important to note that the addition of the Monitoring Tag to these tokens will not impact other services related to them. The Monitoring Tags for EPX, FOR, UNFI, WAVES, and WNXM will be updated shortly after the release of this announcement.
Stay tuned to Extreme Investor Network for more updates and insights on the ever-evolving world of cryptocurrency. Join us as we navigate through the crypto landscape together, making informed decisions for a prosperous future.
