A certain percentage of the entire coin supply will be locked up in a “smart contract.”
Crypto projects would reportedly have to set aside additional coins for market markers.
Censoring listed tokens is one way that crypto exchange Binance is trying to keep its users secure. Cryptocurrency investors have fallen victim to rug pull schemes using unverified digital assets.
At the end of the day, investors lose millions of dollars due to these frauds. Regulators, who already see cryptocurrency as very risky, pay more attention to events like these.
Implementing New Reforms
Binance has decided to increase the bar for digital token listings in an effort to curb the emergence of fraudulent crypto projects, as reported by Bloomberg. Thus, in order to launch their token on Binance, crypto projects must first agree to a lengthy “cliff period” whereby a certain percentage of the entire coin supply is locked up in a smart contract.
During this period, the token would remain
We współpracy z: https://thenewscrypto.com/binance-tightens-listing-rules-to-combat-fraudulent-crypto-projects/
