Home / Blockchain / Binance seeks to strengthen the cryptocurrency and security of the blockchain by naming projects 'gold standard'.

Binance seeks to strengthen the cryptocurrency and security of the blockchain by naming projects 'gold standard'.

Binance announces the "Gold Label" standard and the first 30 projects that qualify for this …

Confidence in cryptocurrency projects and early coin offerings (ICO) has not been sustained this year by stories of price declines and regulations closing in projects that they believe have broken the rules. How, then, who is outside the cryptocurrency sector can feel confident about joining? About investing in crypt without worrying about their funds being safe?

This is where one of the major cryptocurrency trades comes into play, Binance.

He is introducing what he calls the Gold Label project. The aim is to reward and draw attention to coins and projects that keep investors informed and informed about what is happening.

30 projects have therefore reached the Binance list and have all been announced. They are:

Tron, Ontology, Tokens IOS, Aelf, Bluzelle, Gifto, Cybermiles, Skycoin, Qtum, Chain QLC, NEO, GXChain, H Cash, Nebulas, Chain Quark, Project Pai, Contentos, IoTeX, Genesis Vision, Wanchain, NULS, YOYOW, Digix Global, Nano, Aeron, OST, Enjin, Nexus, Verge and Zcoin.

Binance is also opening the door to other projects wishing to get Gold Label verification, and is opening an application process on its website, here.

In his official announcement of the scheme, Binance stated that "We are setting the industry standard for complete and accurate information on cryptographic projects, with the new Gold Label project by Binance Info". It is expected that more projects will be announced that qualify for the standard in the months and weeks to come.

Image: BigStock

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