Binance Issues Critical Warning on Token Model Risks In The Past 18 Months! - Coincu

Key Points:

• Binance introduces mandatory pop-up notifications for token model risks, ensuring traders are aware before they invest.
• This warning applies to tokens like Travala (AVA), Chiliz (CHZ), and Enjin Coin (ENJ) that have changed significantly in the past 18 months.

Binance has announced that it will introduce risk warning banners and pop-up notifications for token model risks whose economic models are about to undergo extreme changes.

New Risk Warnings for Crypto Traders

According to the official announcement, users will be obliged to confirm the pop-ups and acknowledge them before proceeding to perform any trades among these marked tokens.

The new system will further help users determine the risks involved with token model risks whose supply or economic structures have undergone some changes. Specifically, Binance will issue these warnings for tokens that have experienced extreme changes over the last 18 months. Among the tokens that this has affected include Travala (AVA), Chiliz (CHZ), Enjin Coin (ENJ), IOTA (IOTA), Lisk (LSK), and Metal DAO (MTL), among others.

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Binance’s Commitment to Ongoing Transparency in Trading

Binance outlined that this is not a one-off measure. Any token listed on the platform that undergoes major changes in its economic model or supply will also bear a similar warning. This proactive step is part of the platform’s continuous efforts toward user protection and bringing more transparency into the trading environment.

Binance tries to give users some understanding of what to expect from those changes concerning token value and general market dynamics, so that informed decisions may be made.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.