• Binance is removing Shiba Inu (SHIB), 1INCH, Trust Wallet Token (TWT), and Frax Share (FXS) from their innovation zone.
• The tokens have met the high standards of Binance after a periodic project review.
• The removals are expected to bring an upward movement in the prices of these tokens.
Binance Removing Tokens from Innovation Zone
Binance, one of the world’s largest crypto exchanges, has announced that it will move four tokens out of its innovation zone: Shiba Inu (SHIB), 1INCH, Trust Wallet Token (TWT), and Frax Share (FXS). The move follows a periodical project review by Binance, which found that these tokens meet their high standards for trading.
Price Movement Expected After Removal
Following this announcement by Binance, SHIB is currently trading at $0.00001152, with FXS dropping over 3% to trade at $10.10. Meanwhile TWT trades increased by 5%, now trading at $1.31 and 1INCH price increased by 1% to $0.564. With their expected removal from the innovation zone traders may experience an upward movement in the coming days when they are moved into the official trading zone on April 18th.
Binance Selection Criteria
The innovation zone provides a secure space for new and innovative projects to be traded safely; any projects that meet Binance’s high standards after regular reviews are removed from this area and placed in the official trading zone on April 18th . When conducting these reviews Binance considers several factors such as team dedication to the project, volume and quality of development work, liquidity network stability and safety throughout attacks as well as network/smart contract stability, public communication responsiveness and signs of unethical/fraudulent behavior or negligence amongst others.
Impact On Community Involvement
This change will mean more options available for traders who can now feel safer exchanging these token without fear of exploitation or fraudulence whilst also allowing community involvement to increase through better accessibility due to increased liquidity overall making it simpler for users all around the world to experience cryptocurrency trading direct from within their own wallets with no need for external storage locations or bank accounts needed in order to access them before being able to trade them on exchange platforms such as Binance itself; creating a whole new level of usability for cryptocurrencies altogether!
In conclusion it is clear that with Binance’s decision to remove four tokens from its innovation zone come multiple benefits including improved trader security through stringent selection criteria ensuring only superior projects make it onto exchanges like binance; alongside improved user experience overall with more options available thus increasing community involvement simultaneously; all leading up towards an overall improved cryptocurrency landscape globally!