Binance Moves 4 Tokens Out of Innovation Zone

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Crypto News > Binance Moves 4 Tokens Out of Innovation Zone

Binance, one of the world’s largest cryptocurrency exchanges, announced that it will move four tokens, including Shiba Inu (SHIB), Frax Share (FXS), Trust Wallet Token (TWT), and 1inch (1INCH), out of its Innovation Zone on April 18, 2023. The Innovation Zone was created to provide Binance users with a safe platform to trade new and innovative projects. However, some of these projects have demonstrated their value and met the high standards expected of them over time, leading to their transition out of the Innovation Zone.

When conducting periodic reviews of the projects listed in the Innovation Zone, Binance considers a variety of factors, including the team’s commitment to the project, level and quality of development activity, trading volume and liquidity, stability and safety of the network from attacks, network/smart contract stability, level of public communication, responsiveness to periodic due diligence requests, evidence of unethical/fraudulent conduct or negligence, and contribution to a healthy and sustainable crypto ecosystem.

It is worth noting that other services related to these tokens will not be affected by their removal from the Innovation Zone, and Binance remains committed to building a transparent and sustainable crypto ecosystem.

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