Binance, one of the world’s largest cryptocurrency exchanges, announced that it has added 10 altcoins to its watchlist.
Binance Adds Monitoring Tag to 10 Altcoins!
Binance has announced the extension of its Monitoring Tag list based on recent evaluations, while removing the Seed Tag from certain tokens.
Tokens to be Added to the Monitoring Tag List:
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Ardor (ARDR)
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Biswap (BSW)
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Flamingo (FLM)
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LTO Network (LTO)
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NKN (NKN)
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PlayDapp (PDA)
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Perpetual Protocol (PERP)
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Viberate (VIB)
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Voxies (VOXEL)
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Wing Finance (WING)
Tokens to be Removed from the Seed Tag List:
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Jupiter (JUP)
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Starknet (STRK)
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Toncoin (TON)
What is the Monitoring Tag?
Tokens with the Monitoring Tag are subject to higher volatility and risks compared to other listed assets, which is why they are closely monitored by Binance. These tokens undergo regular reviews, and if they fail to meet the established criteria, they risk being delisted from the platform.
To trade tokens with the Monitoring Tag or Seed Tag, Binance users must pass a mandatory quiz every 90 days and accept the Terms of Use. This process is designed to ensure investors are aware of the associated risks. Tokens with these tags will be visible on Binance Spot and Margin platforms under the Market Overview and relevant trading pages. Additionally, a risk warning banner will be displayed for all tokens with the Monitoring and Seed Tags.
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Binance’s Review Process
Binance makes decisions regarding the addition or removal of Monitoring and Seed Tags after conducting regular evaluations. Factors considered during the review include:
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The commitment and development efforts of the project team
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The level and quality of technical development activities
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Trading volume and market liquidity
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Network security and resilience against attacks
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Community engagement, transparency, and communication levels
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Compliance with regulatory requirements
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Significant changes in project management or team members
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Sudden and unexplained changes in token supply
Binance also states that it will continue to share updates regarding the addition or removal of the Monitoring and Seed Tags based on future market developments.
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