Binance Will Extend the Monitoring Tag to Include BLZ, CLV, KEY, PROS & VITE and Remove the Seed Tag for PENDLE & SEI on 2024-10-03

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Based on recent reviews, Binance will extend the Monitoring Tag to include more tokens, and remove the Seed Tag for selected tokens on 2024-10-03.

The tokens to be added to the Monitoring Tag list are: 

• Bluzelle (BLZ)

• CLV (CLV)

• SelfKey (KEY)

• Prosper (PROS)

• VITE (VITE)

The tokens to be removed from the Seed Tag list are: 

• Pendle (PENDLE)

• Sei (SEI) 

Tokens with the Monitoring Tag exhibit notably higher volatility and risks compared to other listed tokens. These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform. On the other hand, tokens with the Seed Tag represent new, innovative projects that may exhibit higher volatility and risks compared to other listed tokens. 

To gain trading access to tokens marked with the Monitoring Tag or Seed Tag, users will need to pass the corresponding quizzes every 90 days on the Binance Spot and/or Binance Margin platforms, and accept the Terms of Use. The quizzes are set up to ensure users are aware of the risks before trading tokens with the Monitoring Tag or Seed Tag. Users may find Monitoring Tags and Seed Tags on the corresponding Binance Spot and Binance Margin trading pages, as well as on the Markets Overview page. A risk warning banner will also be displayed for all tokens with the Monitoring Tags and Seed Tags.

Binance will conduct periodic project reviews and decide if the Monitoring Tag and Seed Tag should be added to or removed from tokens as per its latest findings. These criteria are considered during the review:

• Commitment of team to project

• Level and quality of development activity

• Trading volume and liquidity

• Stability and safety of network from attacks

• Network / smart contract stability

• Level of public communication

• Responsiveness to our periodic due diligence requests

• Evidence of unethical/fraudulent conduct or negligence

• Contribution to a healthy and sustainable crypto ecosystem

Please note:

• Other services related to the aforementioned tokens will not be affected. 

• The Monitoring Tags and Seed Tags for the aforementioned tokens will be updated shortly after the publishing of this announcement.

• There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.

Thank you for your support!

Binance Team

2024-10-03