Cryptocurrency exchange Binance has issued a warning regarding upcoming changes in IOTA's tokenomics.
Warning from Binance
Binance has warned its users about a significant increase in the total and circulating supply of IOTA. A risk warning pop-up will be displayed on the Binance trading page.
The total supply and circulating supply for IOTA (IOTA) will increase significantly. Users will also be shown a risk warning pop-up on the Binance trading page.
IOTA's New Economic Model
An official statement from the IOTA team confirmed the transition to a new tokenomic model known as 'IOTA Rebased', offering a sustainable token economy model with an annual inflation rate of 6%.
Market Reaction and Current Value
Following Binance's announcement, IOTA experienced a slight decline and is currently trading at $0.31.
Changes in IOTA's economic model might significantly impact the token's future valuation and transactional activity.
