Binance announced that five new tokens will be added to its watchlist with a risk warning label as a result of its latest evaluations.
Expansion of Watchlist Scope
In this context, Tranchess (CHESS), Dent (DENT), dForce (DF), Aavegotchi (GHST) and Solar (SXP) will now be included in the advanced watchlist.
Binance emphasized that watchlisted tokens carry higher volatility and risk compared to other crypto assets.
It was noted that these tokens are subject to regular and detailed reviews to determine whether they continue to meet the platform's listing criteria. It was also reiterated that assets on the watchlist are at risk of being delisted if they fail to meet the criteria in the future.
Evaluation Criteria for Watchlisted Tokens
The company states that it evaluates various criteria during periodic project reviews. These include the commitment of the project team, the quality and frequency of development activities, transaction volume and liquidity, network security, community engagement, and transparency.
Additionally, changes in regulatory requirements, sudden or unjustified increases in token supply, tokenomics changes, changes in team structure, and findings of possible unethical behavior are also included in the assessment.
Binance also noted that community sentiment is a key criterion, advising users to pay attention to risk warning labels before trading. The expansion of the watchlist is considered part of the platform's strategy to enhance market security and protect users.