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Binance has specific updates in its Innovation zone. On January 19, 2021, at 7:00 AM (UTC), TrueFi (TRU) was listed in the Innovation Zone, and on January 21, 2021, at 8:00 AM (UTC), DeXe was listed to trade in pair for DEXE/ETH and DEXE/BUSD.
Never heard of this Innovation zone earlier? This zone is dedicated to trading the new and innovative tokens with high volatility and higher risk than other tokens, and this zone comes without any trading restrictions.
TRU is the native utility of the token of TrueFi, a DeFi protocol for uncollateralized lending, while DEXE is the native token of DeXe Network. Both TRU and DEXE tokens possess a relatively higher risk and high price volatility, being the new ones. Notably, there is no listing fee for TRU and DEXE.
This Innovation zone aims to make a safer place to trade the innovative tokens from different projects. Most of the new and innovative tokens are accessed via non-custodial crypto exchanges that require a high degree of capability to trade. For example, if users forget their password, their funds might be permanently lost, and if they accidentally sent their funds to the wrong address, their funds will not be recoverable. Here is how the Binance Innovation zone can be a boon for these speculative tokens by providing a safer trade environment. This program can be a Binance team strategy to gain new customers by listing new and risky DeFi tokens to remain competitive. This program can surely benefit many users who want to trade the new and speculative tokens by providing a relatively safer environment.