• Binance, the world’s largest crypto exchange, announces to move tokens Shiba Inu (SHIB), 1INCH, Trust Wallet Token (TWT), and Frax Share (FXS) out of the innovation zone on April 18.
• The move comes after Binance conducted its periodic project review and deemed that these tokens meet the high standards required by the exchange.
• The innovation zone was established to offer a secure trading environment for new and cutting-edge projects.
Binance to remove Tokens from Innovation Zone
Binance, the world’s largest crypto exchange, has announced that it will move Shiba Inu (SHIB), 1INCH, Trust Wallet Token (TWT), and Frax Share (FXS) out of the innovation zone on April 18. The move comes after Binance conducted its periodic project review and deemed that these tokens meet the high standards required by the exchange.
Token Prices After Removal
Following this announcement by Binance, Shiba Inu (SHIB) is trading at $0.00001152, down 0.69% in the last 24 hours, and Frax Share (FXS) has seen a drop of over 3%, now trading at $10.10. Meanwhile, Trust Wallet Token (TWT) trades have increased by 5%, trading at $1.31, and 1INCH price soars 1% to $0.564. These tokens leaving the Innovation Zone might experience an upward movement in the coming days.
Innovation Zone Criteria
The innovation zone provides users a safe space to trade new and innovative projects. Projects that prove their worth and meet Binance’s high standards are moved out of the innovation zone. Binance considers several factors when conducting reviews including team dedication; volume & caliber of development work; trading volume; liquidity; network stability; safety from attacks; network/smart contract stability; degree of public communication & responsiveness to recurring due diligence requests; signs of unethical/fraudulent behavior or negligence; contribution to a strong & supportive ecosystem etc..
Removal from Innovation Zone
Their expected removal from the innovation comes after Shiba Inu (SHIB), 1INCH, Trust Wallet Token (TWT), and Frax Share (FXS) demonstrated meaningful development activity, trading volume, and community involvement with this change traders will have more options & feel safer exchanging these tokens .
Conclusion
Binance will move SHIB , FXS , TWT ,and 1INCH out of The Innovation Zone & into official Trading Zone on 18th April 2021 . With this change Traders will have more Trading Options & feel Safer Exchanging these Tokens .