The world’s largest exchange, Binance, has recently announced plans to move 18 tokens, including AirDAO, BitShares, and OMG Network, into its Innovation Zone. This decision follows concerns regarding their higher volatility and risk factors. Interestingly, Binance’s CEO, Changpeng Zhao, has also added an intermediate step to the listing process. In a recent move, the exchange has listed meme coins PEPE and FLOKI in the Innovation Zone.
Changpeng Zhao took to Twitter to share insights on the new listings, stating that instead of directly delisting projects showing little to no progress, they will now be moved to the Innovation Zone first. If they still fail to improve, it may lead to a potential delisting. This additional step provides struggling tokens with an opportunity to perform and progress before facing delisting.
The 18 tokens set to be moved into the Innovation Zone 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.
After listing these tokens, Binance will closely monitor their development. Projects that fail to improve may face delisting in the future. This decision is part of Binance’s ongoing efforts to ensure an optimal trading experience for its users.
In response to a question on Twitter regarding coins that do not innovate but are still moved to the Innovation Zone, Changpeng Zhao humorously remarked that they might have to change the zone’s name.
In a nod to the growing meme coin frenzy, Binance has listed PEPE and FLOKI in its Innovation Zone. This section of the platform caters to users who are interested in trading innovative projects with heightened levels of volatility and risk compared to other listed tokens.
By relocating these projects to the Innovation Zone, Binance offers them a chance to improve and demonstrate their capacity for progress. This approach aims to strike a balance between embracing innovation and maintaining market stability.
It’s essential for investors to conduct thorough market research before investing in cryptocurrencies, as presented opinions may solely reflect individual perspectives and are influenced by ever-changing market conditions. Neither the author nor the publication holds any responsibility for personal financial losses resulting from investment decisions.
Source: Coingape
