Binance Reveals New Defi Entrants On BinanceSmartChain

New-projects offering food-based governance tokens in exchange for liquidity mining are popping every other day. But one thing that the rise [and fall of] of Sushiswap taught the community is not to jump to every popular venue without proper research even if it promises better results than the original one despite getting listed on prominent platforms.

These projects are new and risky and hence require traders to their own research. On a similar note, Binance’s CEO and co-founder, CZ had earlier penned down a blog post asserting that, while avoiding scams and malicious projects was important, it also needs to list popular crypto assets in order to stay competitive and this is why the Innovation Zone was created so that the platform can continue listing tokens associated with decentralized finance projects on it.

CZ had further stated,

“By forming the Innovation Zone, we can provide our users with a safer space for accessing newer tokens that will likely have higher volatility than other tokens. This way, we are able to prevent more untoward scenarios for our users who just want to access certain projects.”