Yahya 
The cryptocurrency market is constantly changing and filled with risks, making it essential for investors to have reliable information to make informed decisions. To enhance user security and enable more informed investment choices, Binance has introduced the Monitoring Tag system.
What Is the Monitoring Tag?
The Monitoring Tag is a label system used to classify projects on the Binance platform. Compared to the Seed Tag, the Monitoring Tag is given to more established and developed projects. Seed Tag projects are usually in the development phase and carry higher risks.
Projects with a Monitoring Tag generally have a functioning product and a certain user base. However, it is important to note that these projects may still face risks such as legal issues, regulatory challenges, technological difficulties, and market volatility.
How Are Monitoring Tag Projects Selected?
To ensure the sustainability of the crypto ecosystem, Binance conducts periodic reviews to assess which projects should receive the Monitoring Tag. The main criteria considered in this evaluation process are:
- Project Team Commitment: The dedication of the project team and the quality of their work.
- Development Activities: Progress in the development stages and updates made to the project.
- Trading Volume and Liquidity: The project’s market trading volume and liquidity.
- Network Security: The project’s resilience against attacks.
- Public Communication: How effectively the project communicates with the community.
- Ethical Standards: Ensuring the project team does not engage in unethical or fraudulent activities.
Why Is the Monitoring Tag Important?
The Monitoring Tag serves as a guide for users, especially those investing in newly created or newly listed crypto projects. While this label indicates that the projects are more established and reliable, investors are reminded to always conduct their own research.
Additionally, following projects listed with the Monitoring Tag on Binance makes it easier to identify coins that may be delisted in the future. Binance closely monitors projects with a Monitoring Tag, and if they fail to meet the criteria, they risk being delisted.
Through this system, Binance aims to provide its users with a secure investment environment while supporting a transparent and sustainable crypto ecosystem.
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