Binance has announced a change in how tokens have shared tokens, adding unlock schedule for greater transparency.
One in blog postBenance has announced that from starting 14 February, it will add token unlock schedule to broadcast its market capitalization and supply figures. This step is part of amendment in your token information-sharing policy to help users make more educated business decisions. The new structure will provide users with clear and more reliable views of token unlock phenomena.
In the past, the number of tokens in the market was referred to as a circulating supply, and Benance determined the market capitalization by multiplying the price of a property by its liquidity. With the latest updates, Binance will collect information about the token unlock schedule of directly listed projects. The unlocking tokens will now be taken into consideration while calculating market capitalization and circulating supply.
The new market capitalization calculation will multiply the current value by the circulating supply, including unlocked tokens. If unlock data is not available, binance in computation will exclude non-publicly accessible tokens. Project Overview Section of Binance website or app will provide tokens unlock timelines and relevant information to users.
In a separate development, Benance has achieved a 60-day break in the US Securities and Exchange Commission dispute, which is currently involved. The US District Court Judge Amy Burman Jackson gave the stay, which will end on 14 April. This temporary brake is to allow both sides to consider any new regulatory changes.
The SEC recently established a crypto task force under the direction of Commissioner Haster Peerus. The task force is seen as the first step in drawing clear rules for the cryptocurrency sector. Connens have been investigated for suspected violations of American securities laws, but this legal delay may indicate a more favorable regulatory environment.
