Binance adds 10 high-risk coins to monitoring section
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In addition to announcing monitoring tags for high-volatility and high-risk coins, Binance also removed the seed tags for GMX and SUSHI.
After evaluating the performance of coins on the platform, Binance decided to move 10 high-risk coins to the monitoring section.
Coins labeled “Monitor” include:
In addition, Binance also announced the transfer GMX and sushi Seed labeling section from January 4, 2024.
It is understood that the tokens added to the monitoring section are high-volatility, high-risk tokens. In particular, it may be removed from the platform.
Criteria that Binance will consider adding projects to the monitoring section:
- Team commitment to the project
- Level and quality of development activities
- Trading volume and liquidity
- Network stability and security from attacks
- Stable network/smart contracts
- public communication level
- Meet periodic assessment requirements
- Evidence of unethical/fraudulent conduct or negligence
- Contribute to a healthy, sustainable cryptocurrency ecosystem
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