World’s largest exchange, Binance has announced in its latest blog that it will move 18 tokens, including AirDAO, BitShares, and OMG Network, into its Innovation Zone due to their higher volatility and risk. Meanwhile, Binance CEO has added an intermediate step in the process. Recently, it listed meme coins PEPE and FLOKI in the Innovation Zone.
CZ On New Listings
The 18 tokens that are to be listed are 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.
Binance CEO Changpeng Zhao tweeted about the new listings a few minutes ago:
As some of you suggested, instead of direct delistings, we will move ‘no-progress projects’ to innovation zone first. IF they still don’t improve, we may delist. One more intermediate step.
After listings, Binance will closely monitor the projects’ developments, and if they do not improve, they may be delisted in the future. This decision is part of Binance’s periodic review of listed tokens to ensure the best experience for its users. Adding an intermediate step, as per CZ will give a buffer time to token to perform and progress.
Responding to a question on Twitter about coins that do not innovate also going into the innovation zone, he said laughing-
I know, we now may need to change the name of the zone.
Binance Shakes Up Listings with Innovation Zone
Attending to the meme coin hype, Binance has announced the listing of two meme coins, PEPE and FLOKI in its Innovation Zone. The Innovation Zone is a section on Binance where users can trade innovative projects with higher volatility and risk compared to other listed tokens.
By moving these projects into the Innovation Zone, Binance is giving them an opportunity to improve and show progress.
The post Binance CEO Changes Delisting Criteria In Innovation Zone appeared first on CoinGape.
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