Binance has announced several updates regarding its token labeling system. The exchange will introduce a watch label for the token WAN, which indicates that it will be monitored closely for trading activity and market developments. In contrast, Binance will remove watch labels for the tokens GPS and MBL, suggesting that these tokens may no longer be under active observation or may not meet the criteria for continued monitoring. Additionally, the exchange will eliminate seed labels for certain tokens, which typically denote tokens that are in their early stages of development or distribution. These changes reflect Binance’s ongoing efforts to streamline its token offerings and ensure that users have access to relevant and up-to-date information regarding the tokens available on its platform.
