Binance, the world’s largest cryptocurrency exchange by trading volume, has reportedly introduced stricter requirements for listing new digital tokens. The move aims to strengthen investor protection against “rug pulls,” or fraudulent tokens, and address concerns about the alleged “lack of oversight” of token listings in the crypto industry.
According to Bloomberg, the changes began rolling out late last year, including a longer “cliff period” during which coins cannot be sold, increased allocation of coins to market makers, and the introduction of security deposits.
Binance Extends “Cliff Period” To A Year
During the cliff period, a portion of the total coin supply is locked up in a smart contract, gradually releasing tokens according to a vesting schedule. Binance now requests projects to agree to cliff periods of at least a year, up from a maximum of six months.
The exchange also seeks a greater share of tradable tokens to be set aside for market ma
We współpracy z: https://bitcoinist.com/binance-implements-stricter-token-listing-procedure/
