Altcoins Added to the Monitoring List

According to Binance’s announcement, the new tokens added to the Monitoring Tag are:

• Tranchess (CHESS)

• Dent (DENT)

• dForce (DF)

• Aavegotchi (GHST)

• Solar (SXP)

Tokens with the Monitoring Tag are regularly reviewed due to their high volatility and risk of not meeting listing criteria.

Binance’s Evaluation Criteria

Binance conducts periodic reviews to decide whether to add or remove the Monitoring Tag for a token. The main criteria considered include:

• Commitment of the project team
• Quality of development activity
• Liquidity and trading volume
• Network stability and security
• Community communication and transparency
• Responsiveness to Binance’s periodic due diligence requests
• Evidence of unethical or fraudulent behavior
• Regulatory changes
• Sudden changes in token supply
• Changes in project ownership or core team

Users wishing to trade Monitoring Tag tokens on Binance Spot or Margin platforms must complete a risk warning quiz every 90 days. Binance stated that other services related to these tokens will not be affected, and the Monitoring Tags will be updated shortly on the platform.

What is the Risk Warning Quiz?

The risk warning quiz is a short test required for users who want to trade tokens with the Monitoring Tag. Its purpose is to ensure users are aware of the token’s high volatility, potential risks, and possible delisting.

Users cannot trade these tokens on Binance Spot or Margin until they pass the quiz. The quiz must be completed every 90 days, and users acknowledge Binance’s Terms of Use by doing so.

What Does Being on Binance’s Monitoring List Mean?

Coins on Binance’s monitoring list are closely watched due to potential risks. The Monitoring Tag indicates that a token may face issues such as high volatility, low development activity, weak liquidity, or lack of transparency from the project team.

Although being tagged does not mean the token is immediately delisted, it increases the likelihood of future delisting. Binance periodically reviews these projects and can remove tokens from the platform if they fail to meet the criteria. Therefore, coins on the Monitoring Tag serve as an important warning for both investors and the market.

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Binance Adds BAKE, IDEX, and SLF to Monitoring List

Following its latest assessment, Binance is adding BakeryToken (BAKE), IDEX (IDEX), and Self Chain (SLF) to its Monitoring Tag list. Tokens with this label are considered highly volatile and risky, and are subject to enhanced scrutiny.

The exchange notes that these tokens may no longer meet listing standards and could be delisted if necessary. This move emphasizes the need for users to be well-informed and cautious when engaging with such assets.

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Mandatory Risk Quizzes Every 90 Days

To access these tokens on Binance Spot or Binance Margin, users must now pass a risk awareness quiz every 90 days and agree to Binance’s Terms of Use. The intention is to ensure that traders understand the risks before interacting with assets flagged by the Monitoring Tag.

These tokens will be visibly marked on the Markets Overview and trading pages, along with a clear risk warning banner to inform and protect users. Binance reiterates its commitment to transparency, community safety, and responsible trading practices.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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The tokens that will receive the Monitoring Tag are:

• Stella (ALPHA)

• Hifi Finance (HIFI)

• LeverFi (LEVER)

• Movement (MOVE)

• Portal (PORTAL)

• Rei Network (REI)

What Is the Monitoring Tag?

The Monitoring Tag is a label used to flag projects that have high volatility and elevated risk levels. It indicates that Binance is placing the token under close observation and will be conducting regular reviews due to certain concerns. These tokens are at constant risk of delisting if they fail to meet Binance’s listing standards.

How Does This Affect Users?

To continue trading tokens with a Monitoring Tag on Spot and/or Margin platforms, users will need to complete a quiz every 90 days. This is designed to ensure that users are aware of the risks involved with these tokens. Additionally, risk warning banners will be displayed on the relevant trading and market overview pages for these tokens.

What Does Binance Evaluate?

Binance considers the following factors when deciding whether to add or remove a Monitoring Tag:

• Commitment and activeness of the project team

• Quality and consistency of development activity

• Trading volume and liquidity

• Network stability and resistance to attacks

• Communication with the community and project transparency

• Responsiveness to Binance’s due diligence requests

• Evidence of unethical behavior or negligence

• Compliance with new regulatory requirements

• Sudden or unjustified changes in tokenomics or supply

• Changes in ownership or key team members

• Community feedback and investor sentiment

Other Services Will Remain Unaffected

Other Binance services related to these tokens will continue as normal for now. However, the addition of the Monitoring Tag is a sign that these projects should be closely monitored by investors moving forward.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Adds Monitoring Tag to These 6 Altcoins! appeared first on Coin Engineer.

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:

• Ardor (ARDR)

• Biswap (BSW)

• Flamingo (FLM)

• LTO Network (LTO)

• NKN (NKN)

• PlayDapp (PDA)

• Perpetual Protocol (PERP)

• Viberate (VIB)

• Voxies (VOXEL)

• Wing Finance (WING)

Tokens to be Removed from the Seed Tag List:

• Jupiter (JUP)

• Starknet (STRK)

• 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:

• The commitment and development efforts of the project team

• The level and quality of technical development activities

• Trading volume and market liquidity

• Network security and resilience against attacks

• Community engagement, transparency, and communication levels

• Compliance with regulatory requirements

• Significant changes in project management or team members

• 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.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Tokens to Be Added to the Monitoring Tag:

• StormX (STMX): Known for micro-tasks and shopping rewards in the crypto world, STMX is being added to the Monitoring Tag list due to its volatility and risk factors.
• TROY (TROY): Offering advanced broker solutions, TROY will also be included in the Monitoring Tag list.

Tokens to Be Removed from the Monitoring Tag:

• Convex Finance (CVX): Renowned for its staking solutions for DeFi users, CVX will no longer carry the Monitoring Tag.
• Sun (SUN): Part of the TRON ecosystem, SUN has met Binance’s criteria and will be removed from the Monitoring Tag list.

Tokens to Be Removed from the Seed Tag:

• Arkham (ARKM): A pioneer in crypto intelligence, ARKM will no longer carry the early-stage Seed Tag.
• Blur (BLUR): The token of the NFT trading-focused Blur platform has advanced beyond the early stage, leading to the removal of its Seed Tag.
• Jito (JTO): Known for its liquidity solutions in the Solana ecosystem, JTO’s Seed Tag will also be removed.
• Celestia (TIA): With its modular blockchain infrastructure, TIA has progressed significantly and will no longer carry the Seed Tag.

Why Are Monitoring and Seed Tags Important?

Monitoring Tag: Tokens with this tag exhibit higher volatility and risk compared to others. Binance reviews these projects periodically and may delist tokens that fail to meet specific criteria.

Seed Tag: This tag highlights projects that are still in the early stages, signaling that investors should trade with this awareness. The removal of a Seed Tag indicates that the project has reached a significant milestone in its development.

Binance’s Evaluation Criteria

Binance makes tagging decisions based on the following criteria:

1. Team Commitment: The level of dedication the team shows toward the project.
2. Development Activity: The quality and volume of development work on the project.
3. Liquidity and Trading Volume: The token’s market liquidity and trading activity.
4. Security: The network’s resilience against attacks and the reliability of smart contracts.
5. Communication and Transparency: The project’s engagement and communication with the community.
6. Ethical Standards: The absence of unethical behavior or misconduct.
7. Ecosystem Contribution: The project’s contribution to the broader crypto ecosystem.

Users who wish to trade tokens with Monitoring Tags or Seed Tags must complete a risk awareness quiz every 90 days on Binance Spot or Margin platforms. This quiz ensures traders understand the risks associated with these tokens before making trades.

Through these updates, Binance aims to promote transparency, trust, and long-term sustainability in the crypto ecosystem.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Added These Coins to the Monitoring List! Major Drop Followed! appeared first on Coin Engineer.