Binance has announced changes to the way token information is shared, adding schedule unlocking for more transparency.
In a blog post, Binance announced that it will add a token unlock schedule to its market capitalization and circular supply statistics starting on February 14th. The move is part of a revision to the Token Information Sharing Policy that will help users make more educated transaction decisions. The new framework gives users a clearer and more reliable view of the occurrence of token unlocking.
In the past, the number of tokens in the market is called circulating supply, and by multiplying that liquidity by the price of an asset, vinance determined the market capitalization. With the latest update, Binance collects information about tokens that unlock schedules directly for listed projects. Unlocked tokens are now considered when calculating market capitalization and circular supply.
read more: Solayer will make his Binance debut on February 11th through an Airdrop event
The new market capitalization calculation multiplies the current price by the distribution supply. This includes unlocked tokens. Binance excludes non-publicly accessible tokens in the calculation if unlocked data is not available. The Project Overview section of a Binance website or app provides users with a token unlock timeline and related information.
In another development, Binance has earned a 60-day hiatus in a currently involved US Securities and Exchange Commission dispute. U.S. District Judge Amy Berman Jackson granted the suspension, which ends April 14th. This temporary break is to allow the parties to consider changes to the new regulations.
The SEC recently established a Cryptographic Task Force under the direction of Commissioner Hester Perth. The task force is seen as the first step in eliciting clearer regulations in the cryptocurrency sector. Binance is currently investigating due to suspected violations of U.S. securities law, but this legal delay could indicate a climate in a more favorable regulatory environment.
You might like it too: CBOE BZX File Landmark SEC Request 21 Share Ethereum ETF staking
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
