New Risk Warnings for Crypto Traders

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.

Binance to Add New Risk Warnings for Tokens Undergoing Extreme Economic Model Changes

34 mins ago

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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.

Among the tokens that will be affected by the new risk warning banners and pop-up notifications are Travala (AVA), Chiliz (CHZ), Enjin Coin (ENJ), IOTA (IOTA), Lisk (LSK), and Metal DAO (MTL). These tokens have all experienced extreme changes in their supply or economic structures over the last 18 months.

"This is not a one-off measure. Any token listed on the Binance platform that undergoes major changes in its economic model or supply will also bear a similar warning," Binance stated in the announcement.

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.