Binance Adds EPX, FOR, UNFI, WAVES & WNXM to Monitoring Tag List

Binance is expanding the Monitoring Tag to include five more tokens, EPX, FOR, UNFI, WAVES and WNXM, requiring traders to pass a test and accept the Terms of Use.

Binance, the largest cryptocurrency exchange, has revealed that it will expand its watchdog to cover EPX, FOR, UNFI, WAVES and WNXM starting April 3, 2024. The watchdog is a designation given to tokens that exhibit -high volatility and risks compared to other listed tokens.

Tokens designated with the watchdog label undergo regular reviews by Binance to ensure they meet the exchange’s strict listing criteria. These ongoing assessments evaluate various factors, including team commitment to the project, level and quality of development activity, trading volume and liquidity, network stability and security, public communication and responsiveness to due diligence requests.

To trade tokens marked with the watchdog, users will be required to pass a test every 90 days on the Binance Spot and/or Binance Margin platforms. This test is designed to educate users about the risks involved in trading these volatile tokens. Additionally, users will be required to accept the Terms of Service before accessing these tokens.

Watch labels for EPX, FOR, UNFI, WAVES and WNXM will be visible on the respective trading pages of Binance’s spot and margin platforms, as well as on the Markets Overview page. A risk warning banner will also be displayed for all tokens with monitoring labels, ensuring that users are fully aware of the risks involved.

Binance will conduct periodic reviews of the project and may decide to add or remove the watchdog based on its latest findings. The purpose of the exchange is to contribute to a healthy and sustainable crypto ecosystem, promoting transparency and long-term growth.

It is important to note that adding the monitoring token to these tokens will not affect other services associated with them. Watch labels for EPX, FOR, UNFI, WAVES and WNXM will be updated shortly after this message is published.

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