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.

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The post Binance Added These Three Tokens to Its Watchlist! appeared first on Coin Engineer.

As the largest cryptocurrency exchange globally, Binance continues to make headlines with its altcoin-related updates. This time, the exchange has unveiled a new airdrop, revealing that users holding Frontier (FRONT) and Self Chain (SLF) will be eligible for USDC rewards.

“In line with our commitment to prioritize user satisfaction and feedback, we’re excited to announce a USDC airdrop for qualifying FRONT and SLF holders, generously supported by the SLF team.”

The snapshot for FRONT was taken on August 28, 2024, at 00:00 (UTC), considering assets in users’ Spot and Funding Wallets.

Meanwhile, the SLF snapshot occurred on September 2, 2024, at 00:00 (UTC), factoring in assets across Spot, Funding, Margin, and Earn Wallets.

Users who held FRONT and/or SLF in their Binance wallets during these respective snapshots will receive a share of 1,000,000 USDC, distributed proportionally based on their holdings.

“Binance will complete the USDC distribution by September 13, 2024, 00:00 (UTC). No further announcements will follow regarding this matter.”

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The post Major Update from Binance: Airdrops Await Holders of These Two Altcoins! appeared first on Coin Engineer.