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Binance Unveils Locked Addresses and Concentration Indicator to Boost Token Transparency
- Binance has introduced Locked Addresses and Concentration Indicator to enhance token transparency and user education.
- The Locked Addresses feature helps users understand a project's circulating supply and track locked addresses for token security and integrity.
- Concentration Indicator provides insights into token concentration inside and outside Binance, aiding in informed trading decisions.
- Users are urged to learn about tokenomics for better engagement in the evolving cryptocurrency industry.
- Binance continues to improve market transparency, offering tools for users to access token information and make educated trading choices.
- The Concentration Indicator assigns a score to projects indicating the level of token concentration, influencing price volatility.
- Yi He, Binance's co-founder, stresses the importance of transparency, user education, and market integrity for sustainable industry growth.
- Recent transparency features on Binance include access to project financial reports, updated token methodology, and token unlock/vesting schedules.
- Users can now view crucial token information on Binance without leaving the platform, including upcoming token unlocks.
- Binance welcomes user feedback to enhance its services and meet customer demands for improved transparency and tools.
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