After listing numerous tokens, Binance CEO Changpeng Zhao has introduced new criteria for delisting in the Innovation Zone. This change comes as a response to the growing number of token listings on the platform. The Innovation Zone will now have stricter rules to determine which tokens will be delisted.
Binance, the world’s biggest exchange, has made changes to its listing strategy. In a recent blog post, they revealed that 18 tokens, such as AirDAO, BitShares, and OMG Network, will be moved to the Innovation Zone. This decision was made because these tokens have shown higher volatility and risk. Additionally, the CEO of Binance has introduced an extra step in the listing process. Notably, Binance also listed meme coins PEPE and FLOKI in the Innovation Zone.
CZ On New Listings
Binance plans to add 18 new tokens to its platform. These tokens include AirDAO, Ark, BitShares, Drep, FTX Token, Gifto, JasmyCoin, Loom Network, Enzyme, OAX, OMG Network, PERL.eco, pNetwork, SONM, Serum, Voyager Token, WazirX, and DFI.Money. These tokens will soon be available for trading on Binance.
Just a few minutes ago, Binance CEO Changpeng Zhao shared exciting news on Twitter. He announced that several new tokens will be listed on the Binance platform. This means users will soon have the opportunity to trade and invest in these tokens.
Based on suggestions from users, Binance CEO Changpeng Zhao has made an important update. Instead of immediately delisting tokens, the approach will now involve moving “no-progress projects” to the innovation zone initially. If these projects fail to show improvement, then the possibility of delisting will be considered. This additional step allows for a fair evaluation process before making any final decisions.
Binance has announced that after listing tokens, they will keep a close eye on the progress of the projects. If there is no significant improvement over time, there is a possibility that the tokens may be delisted in the future. This decision is part of Binance’s regular review process to ensure the best user experience. By adding an intermediate step, as suggested by CZ (Changpeng Zhao), tokens will have some time to demonstrate their performance and make progress before any potential delisting occurs.
When asked on Twitter about coins that lack innovation being placed in the innovation zone, Binance CEO Changpeng Zhao responded with laughter.
Changpeng Zhao, the CEO of Binance, acknowledged that considering the inclusion of non-innovative coins in the innovation zone, they might need to rethink and potentially change the name of the zone.
“Binance Introduces Innovation Zone to Revamp Token Listings”
Binance has jumped on the meme coin trend by adding two meme coins, PEPE and FLOKI, to its Innovation Zone. The Innovation Zone is a dedicated section on Binance where users can trade innovative projects that come with higher volatility and risk, distinguishing them from other listed tokens.
Binance is offering a chance for improvement and progress to these projects by relocating them to the Innovation Zone. This move allows the projects to have a platform where they can showcase their potential growth and development.
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