Binance Puts a Stop to Shiba Inu, 1inch and More DeFi Tokens
We at Binance have recently made the decision to remove certain tokens from our Innovation Zone. Specifically, Shiba Inu, 1INCH, and TWT are no longer available for trading. We believe these tokens fail to meet our listing standards and have potential risks associated with them.
Shiba Inu (SHIB), which is a meme token, has been under scrutiny recently due to its extreme volatility and lack of development. Additionally, the token is heavily concentrated in one single wallet. There are also questions as to whether or not it is a legitimate token.
1INCH (1INCH) is another decentralized finance (DeFi) token that has been facing growing questions about its feasibility and liquidity concerns. Developers have warned investors of possible scams related to the token.
TWT (TWT) is another DeFi project that has experienced some issues over recent weeks. The project had difficulties in completing project development milestones and concerns have been raised about investor safety.
We take our responsibility of protecting our users' assets very seriously, which is why we have decided it is in everyone's best interests for us to remove these tokens from the Innovation Zone and discontinue trading them. We urge all users to exercise caution when trading digital assets.