Binance Will Move AMB, ARK, BTS, DREP, FTT, GFT, JASMY, LOOM, MLN, OAX, OMG, PERL, PNT, SNM, SRM, VGX, WRX, and YFII into the Innovation Zone on 2023-05-10
This is a general announcement. Products and services referred to here may not be available in your region.
Based on recent reviews, Binance has decided to move the following tokens into the Innovation Zone on 2023-05-10:
The Innovation Zone was introduced to give Binance users a place to trade innovative projects with higher volatility and risk compared to other listed tokens. When we identify such projects during our periodic review, we will move them into the Innovation Zone. Projects placed in the Innovation Zone will be closely monitored on their developments.
When we conduct these reviews, we consider a variety of factors. Here are some of those criteria:
Commitment of team to project
Level and quality of development activity
Trading volume and liquidity
Stability and safety of network from attacks
Network / smart contract stability
Level of public communication
Responsiveness to our periodic due diligence requests
Evidence of unethical/fraudulent conduct or negligence
Contribution to a healthy and sustainable crypto ecosystem
Other services related to the tokens will not be affected.
The Innovation Zone tagging for these tokens will be updated shortly after the publishing of this announcement.
We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.