Key points
Binance expands monitoring tag for ARDR, BSW, FLM, LTO, NKN, PDA, Perp, VIB, Voxel and Wing. The Crypto platform made this decision following recent analyzes. Following recent analyzes, Binance decided to expand Monitoring Tag for ten tokens and eliminate Seed Tag for three digital assets today, April 3.
Tokens included in the Monitoring Tag list
Binance has expanded the list of monitoring tag for the following tokens: Ardor (ARDR)-a Blockchain Multichain platform with parent-child chain biswap (BSW)-a dex for bep-20 tokens on BNB Flamingo (FLM)-a Defi-based platform on Blockchain Neo Network LTO Network (LTO)-an L1 focused on RWA confidentiality, data safety and NKN (NKN) identity solutions-a network that creates a decentralized and open-source protocol based on P2P based on Blockchain Public Playdapp (PDA)-a platform that develops a web3 ecosystem using Playdapp Mainnet Base perpetual protocol (perp)-a DEX for futures on ETH and XDAI vibrated (VIB)-a platform that connects musicians, fans and event organizers in an Ecosystem of Live Voxies (Voxel)-a RPG 3D free-to-play game (Wing)-a decentralized platform based on credit for credit for credit for credit. Crypto loans and cross-chain communication between deaf projects tokens that have applied monitoring have higher volatility and increased risks compared to other projects and are closely monitored, being exposed to the risk of delistration. All ten tokens have registered significant decreases in prices today, after the Binance announcement. For example, the price of BSW has dropped by over 28% after Binance announced that it will apply monitoring tag to this project, which means it is exposed to the risk of delistant.
The price of BSW in USD today the price of LTO decreased by almost 37%, NKN lost 26%, and the other assets also suffered decreases. Binance eliminated Seed Tag for three tokens.
Tokens with seed tag eliminated
Here are the three digital assets that no longer have seed tag: Jupiter (JUP)-a swap aggregation engine that offers the essential liquidity infrastructure for solar Starknet (Stk)-a decentralized validity-rollup, which works as a L2 on Ethereum Toncoin (Ton)-a BCOCCHAIN L1 Descentralized Binance which presents higher volatility risks compared to other digital assets. If the Exchange has eliminated Seed Tag from these tokens, it means that it considers them less risky as a result of its analysis. In the official announcement, Binance said that it will continue to perform periodic analyzes of projects to decide whether Monitoring Tag and Seed Tag should be added or eliminated.
Key criteria in binance analyzes
Among the essential criteria of the Binance analyzes are: the team's commitment to the project level and quality of the development activity The trading volume and the liquidity of the project Stability and security of the network against attacks the level of public communication, the involvement of the community and the transparency the reaction to the periodic checks carried out by the binance evidence of some new or fraudulent behaviors. unjustified tokens offer changes in tokenomics the impact of changes in the property of the project or the members of the basic team the feeling of the community