Binance launches "Lock Address" and "Position Concentration Indicator" functions to further improve token transparency standards
According to official news, on June 20, Binance officially launched two new functions: "Lock Address" and "Position Concentration Indicator". This is the first time that such token information functions have been launched on a mainstream exchange, which reflects Binance's commitment to continue to promote platform transparency and strengthen user education. After users obtain more information about the token economy model, they can further optimize their trading decisions. Relevant transparency functions also help project parties enhance their openness and sense of responsibility, thereby interacting more effectively with the community and promoting the healthy development of the encryption industry. He Yi, co-founder of Binance, said: "We have always insisted on putting users at the core and continue to promote the improvement of market transparency. Locked-in addresses and position concentration indicators are a reflection of our response to the community's need for greater transparency and better tools, helping users better understand the tokens they are trading. We also hope that through these efforts, we will improve the integrity level of the entire market and allow the industry to develop in a healthier and more sustainable direction."
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