Binance Innovation is a specially crafted portal for new tokens by Binance. In this article, as Kriptokoin.com, “What is Binance Innovation?” We will answer the question. In addition, we will touch on other curious issues.
What is Binance Innovation?
According to the Binance team, the innovation zone was created to allow users to conveniently trade newer token offerings.
“Our team has created the Innovation Zone, which allows users to buy and sell newer token offerings from the comfort of their Binance accounts, while protecting less-fit users from exposure to the “risk” that comes with trading,” said CEO Changpeng Zhao. said. Additionally, it will help to minimize the risk posed by trading new coins on Binance through the innovation zone. It also creates a safer environment for trading new cryptocurrencies.
Additionally, Changpeng said, “Currently, DEXs are the typical way to access most of these tokens and projects. However, trading on a DEX or directly from a self-managed wallet requires a high level of skill and understanding. Forgot password? Your money is gone. Did you send a wrong tx? Better luck next time. By creating the Innovation Zone, we can provide our users with a safer space to access newer tokens that will likely have higher volatility than other tokens. In this way, we can prevent even worse scenarios for our users who only want to access certain projects.” He used his expressions.
How to use Binance Innovation?
The innovation zone has been created for Binance users, but not all users will be able to access it. Also, this is because you will be asked some questions. In addition, if you answer the questions correctly, you can log in.
To access the Innovation Zone, you must first correctly answer the following two questions on the site:
1. What is the probability of you incurring a loss or even losing your main capital by trading in this region?
A) 50% or more
B) less than 50%
If you answer ‘less than 50%’, you will not be able to trade in the Innovation Zone.
2. Whose fault and responsibility is it if you lose your money, or even completely lose it?
A) It was a choice you made alone.
B) Binance
If you answer ‘Binance’, you will not be able to trade in the Innovation Zone.
Below are some steps you can follow to access the innovation zone on Binance:
Step 1: Click “Sunday”
Step 2: Click on “Regions” (if applicable)
Step 3: Click “Innovation”
Step 4: Choose the token you want
What cryptocurrencies are available on Binance Innovation
- Litecoin (LTT)
- Shiba Inu (SHIB)
- BinaryX (BNX)
- Convex finance (CVX)
- SuperCoin (SUPER)
- POND
- Bakery
- Trufi (TRU)
- Sushi
- sun (sun)
- Alice Coin (ALICE)
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