Key Points
- The projects include AERGO, ALPACA, AST, BADGER, BURGER, COMBO, NULS, STPT, UFT and VIDT.
- Binance will also change the Monitoring Tag inclusion frequency to a monthly basis.
In an official announcement, Binance revealed news regarding the Monitoring Tag policy. The crypto exchange also extended the Monitoring Tag to include 10 more projects starting today, March 4.
Binance Updates on Monitoring Tag Policy
The crypto exchange makes a few changes to the Monitoring Tag policy based on community feedback:
- The inclusion frequency is changed to a monthly basis starting today.
- New projects will be added in the first week of every month.
- Removal of the Monitoring Tag and Seed Tag will be reviewed on a quarterly basis.
The Monitoring Tag is applied to projects with notable higher volatility and risks, that require close monitoring and regular reviews. These projects are at risk of no longer meeting the exchange’s criteria and being delisted from the platform.
The Seed Tag is applied to projects that might exhibit higher volatility compared to projects that are already listed on the crypto exchange.
Binance also added more projects to the Monitoring Tag list.
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10 New Projects Added to the Monitoring Tag List
1. Aergo (AERGO)
Aergo says it’s an open-source enterprise blockchain platform optimized for hybrid deployments, consisting of both permissioned and permissionless blockchain architectures.
2. Alpaca Finance (ALPACA)
Alpaca Finance is a lending protocol that allows leveraged yield on BSC, helping lenders earn yields and offering borrowers undercollateralized loans for leveraged yield farming positions.
3. AirSwap (AST)
AirSwap is a decentralized P2P token trading network powered by Ethereum.
4. Badger DAO (BADGER)
Badger DAO describes itself as an open-source, decentralized, automated organization for building products and infrastructure while simplifying the use of Bitcoin as collateral.
5. BurgerCities (BURGER)
The project claims that its aim is to create a unified and standardized metaverse Web3 ecosystem by integrating DeFi and NFTs into the metaverse.
6. COMBO (COMBO)
COMBO claims to be a provider of Scaling Solutions for Web3 game devs that builds an open-source, decentralized L2.
7. NULS (NULS)
NULS is a blockchain infrastructure providing customizable services, while also being an open-source community blockchain project, according to the team.
8. STP (STPT)
STP claims to open the “portal to Autonomous Worlds” with a mission to pioneer AI advancement in gaming.
9. UniLend (UFT)
The project is an AI and blockchain protocol that claims to shape the future of Web3.
10. VIDT DAO (VIDT)
This is a blockchain project that uses timestamping technology to restore digital trust in Web3, according to the team behind the project.
Some Coins Experienced a Notable Price Decline
Most of the coins’ prices have recorded significant declines today, following Binance’s announcement.
For instance, AERGO price dropped by over 10% since the announcement.
STPT’s market cap dropped from around $193 million to $146 million, while BURGER’s price dropped from $0.32 to $0.24.
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