Crypto Token Tracker logo Crypto Token Tracker logo
BitcoinSistemi 2024-12-24 13:24:07

Binance Warns Its Users About Deep-Rooted Altcoin!

Binance, the world's largest cryptocurrency exchange, has issued a warning for a well-established altcoin. At this point, Binance warned its users about the altcoin called IOTA, announcing that it has switched to the new token-economy model. Binance stated that after the new model, the total supply and circulating supply of IOTA will increase significantly and that a risk warning for IOATA will be included on the transaction page. “The total supply and circulating supply for IOTA (IOTA) will increase significantly. Users will also be shown a risk warning pop-up and banner on the Binance trading page.” In the official statement made by the IOTA team, it was stated that IOTA will switch to a new tokenomic model called “IOTA Rebased”. With this new model, IOTA will offer a sustainable token economy model with an annual inflation rate of 6% (767,000 IOTA per block). Accordingly, it is planned to produce 767,000 IOTA per epoch with an annual inflation rate of 6% on the network. It was stated that in this new model where staking rewards will be offered, transaction fees will be kept low and the transaction fee is planned to be approximately 0.005 IOTA. IOTA, which experienced a slight decline after the Binance announcement, continues to be traded at $0.31. *This is not investment advice. Continue Reading: Binance Warns Its Users About Deep-Rooted Altcoin!

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.