Binance Labels 10 High-Risk Altcoins! Which Altcoins Are on the List?

Binance, the world’s largest cryptocurrency exchange, made a new announcement regarding 10 altcoins.

At this point, Binance announced that it will apply risk warning banners and pop-ups to 10 altcoins that have undergone significant changes in their token economy in the last 18 months.

These altcoins were listed as follows: Travala (AVA), Chiliz (CHZ), Enjin Coin (ENJ), IOTA (IOTA), Lisk (LSK), Metal DAO (MTL), Orion (ORN), Self Chain (SLF), Solar (SXP) and Vanar Chain (VANRY).

“Binance takes community feedback very seriously in order to provide a high-quality platform for all users.

We have heard your concerns and are taking action to increase transparency around tokens that have undergone significant changes to the token economics and supply.

Starting 01.10.2024, Binance will provide a risk alert banner and pop-up notification for these tokens on our platform.

To gain trading access to tokens marked with significant token economy changes, users must first confirm the pop-up notification.

With these changes, Binance will apply risk warning banners and pop-ups to the following tokens that have undergone significant changes in their token economics over the past 18 months:

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

Binance added that going forward, listed altcoins that undergo significant changes to their token economics or experience a significant increase in token supply will be subject to a risk alert banner and pop-up notification.

At #Binance, we’re always listening to community feedback and looking out for our users!

Starting today, we’ve introduced risk warnings for tokens with significant tokenomics changes. This initiative boosts transparency and helps you make better-informed decisions.

Find out… pic.twitter.com/SDv0vmqM3O

— Binance (@binance) October 1, 2024

*This is not investment advice.