Token information from Binance
Binance aims to provide more transparency by making significant changes in the method of sharing token information.
The company has announced that it will add token unlock calendars to its market value and circulating supply statistics as of February 14th.
This step has been described as part of a new token information sharing policy aimed at helping users make more conscious trading decisions.
With this change, Binance plans to offer users the opportunity to see Token Unlock more clearly and reliably.
In the past, the number of tokens in the market was accepted as circulating supply, and Binance calculated the market value by multiplying the price of an asset by liquidity. However, with the new update, Binance will collect direct information about the Token Unlock calendars of the projects listed.
Unlock Tokenlar will now be included in market value and circulating supply calculations. The new market value calculation method will be made by multiplying the current price with circulating supply (including unlock tokens).
Thus, users will be able to see the market value of tokens more accurately. Tokens without unlock data will not be included in the calculation.
With this change, Binance aims to provide a more transparent flow of information to investors. Particularly in the crypto currency market, token Unlock events, which can cause sudden price fluctuations, will allow investors to move more strategically.
Binance users will be able to access Token Unlock timeline and related information from the project overview section of the platform’s website or application.
This development came at a time when the demand for more transparency in the crypto market increased. Binance’s more transparent step in token information sharing may put pressure on making similar changes on other large crypto exchanges.
In particular, such changes are of great importance in order to eliminate concerns such as manipulating the circulating supply in the market or giving false information.
On the other hand, there was a significant development on the regulatory front of Binance. The company received a 60 -day pause in its dispute with the US Securities and Stock Exchange Commission (SEC).
This pause given by the US Regional Court judge Amy Berman Jackson will end on April 14th. This temporary intermediate aims to give time to evaluate possible new regulatory changes by the parties. It is eagerly awaited how Binance will evaluate this pause and how to deal with regulatory pressures in the USA.
In addition to these developments, SEC recently established a crypto task force under the guidance of the Commissioner Hester Peirce. This step is the first step towards the creation of clearer regulations for the crypto currency sector.
The aim of the task force was to eliminate the uncertainties in the sector and to ensure the protection of investors. Binance was under investigation on suspicion of violating the laws of US securities, but this legal pause may be a harbinger of a more positive regulatory environment.
The changes in Binance’s token information sharing and the developments in the legal process with SEC are carefully monitored in the crypto market. The company’s transparency policy and its moves on the regulatory front may be an example for other players in the sector.
In particular, such steps to ensure that investors make more conscious decisions can contribute to the gaining a more mature and transparent structure of the crypto currency market.