Binance Warned Its Users About the Rooted Altcoin!

The world’s largest cryptocurrency exchange Binancea well-established altcoin issued a warning for.

At this point, Binance announced that it has switched to the new token-economy model. IOTA It warned its users about the altcoin named.

Binance stated that the total supply and circulating supply of IOTA will increase significantly after the new model and that a risk warning for IOATA will be included on the transaction page.

“Total supply and circulating supply for IOTA (IOTA) will increase significantly. Users will also be shown a risk warning pop-up and banner on the Binance trading page.”

In the official statement made by the IOTA team, it was stated that IOTA will transition to a new tokenomic model called “IOTA Rebased”.

With this new model, IOTA will offer a sustainable token economy model with an annual inflation rate of 6% (767,000 IOTA per block). Accordingly, it is planned to produce 767,000 IOTA per epoch in the network, with an annual inflation of 6 percent.

It was stated that in this new model, where staking rewards will be offered, transaction fees will be kept at a low level and the transaction fee is planned to be approximately 0.005 IOTA.

IOTA, which experienced a slight decline after the Binance announcement, continues to trade at $0.31.

*This is not investment advice.