Binance Puts BAKE, IDEX, and SLF Under Extended Monitoring i
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Updated at: 5 hours ago
{"content":"Binance Puts BAKE, IDEX, and SLF Under Extended Monitoring in July
Binance put the three assets on its Monitoring Tag list after looking into them closely.
After the news, the prices of BAKE, IDEX, and SLF changed a lot on July 7.
Binance said on July 7 that it will add three more digital assets to its Monitoring Tag list after recent reviews:
BakeryToken (BAKE) is a component of the BakerySwap decentralized AMM protocol that runs on BSC.
IDEX (IDEX) is a hybrid DEX that uses both an order book and an AMM.
Self Chain (SLF) is a modular, intent-based access L1 blockchain and keyless wallet infrastructure solution.
Binance's Information About BAKE, IDEX, and SLF Being Added to the Monitoring Tag List
After carefully looking over the projects, Binance officially announced that the three digital assets will be included to its Monitoring Tag list. Here are the most important things to know about the tokens being on this list:
Tokens with a Monitoring Tag have a larger chance of price changes than other projects.
People keep a tight eye on these tokens and check on them often.
The coins might stop satisfying Binance's listing requirements and be taken off the site.
Every 90 days, users of Binance Spot and/or Margin may take quizzes to acquire access to trade the tokens on this list. The Monitoring Tag quizzes are meant to make sure that users know about the hazards that come with the digital assets.
After looking at a number of factors related to the projects, such as the teams' dedication to the projects, the amount and quality of development activity, trading volume and liquidity, network stability in the face of attacks, public communication and transparency, evidence of unethical or fraudulent behavior or activity, and others, Binance decides to add tokens to the Monitoring Tag list.
After the exchange made the statement on July 7, the prices of the three digital assets changed a lot.
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