The cryptocurrency exchange Binance has introduced new features aimed at increasing transparency in digital asset trading. These tools will help users better understand tokenomics and enhance market integrity.
Locked Addresses
The Locked Addresses feature allows tracking of addresses where tokens are secured according to a vesting schedule. The tokens will be unavailable for a specified period, ensuring the project's roadmap and ecosystem stability.
Concentration Indicator
The Concentration Indicator provides insights into the concentration of token holdings among holders. It is calculated considering all holders both on and off the Binance platform. High values indicate significant concentration, increasing the risk of price volatility.
Timeline of Token Transparency at Binance
Binance has also rolled out various initiatives to enhance the transparency of token data, including project financial reports, an improved market cap calculation method, and token unlock schedules.
With these new features, Binance aims to boost transparency and accountability in cryptocurrency trading, aiding traders in making more informed decisions.
