On Monday, Binance, the world’s largest cryptocurrency exchange, announced that it would remove Shiba Inu (SHIB), 1INCН, Trust Wallet Token (TWT) and Flux Shares (FXS) from its innovation zone.
SHIB, 1INCH, TWT and FXS No Longer Confined in Binance Innovation Zone
Tokens from the platform’s newest projects will be available for trading on the Binance Innovation Zone. According to the official notice on April 17, several tokens listed in Binance’s Innovation Zone will be removed, including Shiba Inu (SHIВ), 1INCН, Trust Wallet Token (TWT) and Flux Share (FXS). Beginning Tuesday, April 18th, users will have unlimited access to all of these tokens. Projects in the Innovation Zone are subject to regular evaluation by Binance. The coins of these projects have proven their value and quality. Therefore, the exchange removes them from the innovation zone.
Binance takes many things into account when evaluating ongoing projects on a regular basis. The size and cohesion of the project community, the quantity and quality of development activity, the ease of trading, the reliability and security of the network all play important roles. Binance also looks for evidence of unethical behavior and project neglect. As well as complying with regular project due diligence requests.
Since the debut of the Shibarium Beta “Puppynet” last month, the Shiba Inu community and trade volume have exploded. The number of SHIВ holding wallets and initiatives working with Sibarium is constantly increasing. The same was true for other digital assets launched with SHIВ. Increased development, increased liquidity, the emergence of the 1inсh stablecoin ($1IS), and the launch of 1inсh wallets have all contributed to the rapid rise of 1inсh Exchange in the cryptocurrency community.
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