Listed on Binance: High Risk Warning!

Binance, the world’s largest cryptocurrency exchange, has announced that it will list a new altcoin under the “Seed Tag” label, which identifies high-risk tokens.

In an announcement made on December 18, Binance revealed that it will list the Re (RE) token at 13:00 (UTC+3). According to the announcement, deposits for RE have been opened before spot trading begins. Withdrawals will be initiated on December 19 at 13:00 (UTC+3). No BNB will be charged as a listing fee.

With this listing, Binance will offer investors trading opportunities through two different trading pairs: RE/USDT and RE/TRY. The TRY parity will only be available to users with verified Binance TR accounts. Additionally, Spot Algo Orders will be active at the time of listing, while Trading Bots and Spot Copy Trading features will be enabled within 24 hours.

It was noted that the RE token may exhibit riskier price movements and higher volatility compared to other cryptocurrencies, emphasizing that the token will be listed with the Seed Tag. Binance reminded users who wish to trade tokens with this tag that they must pass a risk awareness quiz every 90 days.

Developed by Re, RE aims to provide a decentralized insurance protocol that enables the on-chain creation and trading of insurance-linked securities (ILS).