Binance Co-CEO Clarifies Staff Ban on Token Promotion and Issuance

According to He Yi, Binance employees are prohibited from participating in token launches or promotions, and recent Binance-themed community tokens are unaffiliated with the exchange.

Summary

Binance co-founder He Yi announced that employees are not allowed to engage in any token project issuance or promotion. She clarified that recent community token launches using Binance-related phrases have no connection to the exchange. He Yi advised investors to exercise caution and conduct independent research before investing in such tokens.

Terms & Concepts
  • Token Issuance: The process of creating and distributing a new cryptocurrency or digital token.
  • Promotion in Crypto: Activities aimed at marketing or increasing awareness of a specific cryptocurrency or token.
  • Community-Driven Token Project: A cryptocurrency initiative developed and managed by a community rather than an official entity.