Binance Opens 'Innovation Zone' for New DeFi Tokens

By author_nan | News | 24 Sep 2020

Binance has launched a new “Innovation Zone” for select users to trade upcoming DeFi tokens, according to a blog post published on September 21.

The Innovation Zone was motivated by the desire to bring a balance of accessibility to DeFi coins while enabling consumer protection
However, Binance said that it will indeed list DeFi tokens with no founders
CEO Changpeng Zhao emphasizes that trading new DeFi tokens is risky and drives home the point that there is a greater than 50% chance that one will take losses
He hopes that only those who understand that probability and only hold themselves accountable will trade in the Innovation Zone
The gist of the Innovation Zone is that it is a place where a new token can gain liquidity quickly, investors can find lucrative investment opportunities
The DeFi market is plagued with fake or easy to create tokens with no value, which exchanges like Uniswap have urged caution against