Binance Adds Risk Warnings for 10 Tokens Due to Changes

Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will introduce risk warnings for ten specific tokens that have undergone significant changes to their tokenomics in the past 18 months. This proactive measure is designed to enhance user awareness and promote informed trading decisions.

The tokens affected by this warning include:

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

Starting today, October 1, users will see a pop-up notification requiring them to acknowledge the risks associated with these assets before proceeding with any trades. Binance has stated that this initiative reflects its commitment to maintaining a high standard of transparency and user protection within the rapidly evolving cryptocurrency market.

By implementing these warnings, Binance aims to safeguard its users from potential volatility and risks linked to tokens with altered economic structures. The exchange has also indicated that further evaluations may lead to additional tokens receiving similar warnings in the future, reinforcing its dedication to user safety and informed trading practices in an increasingly complex digital asset landscape.