Binance is set to introduce Blur (BLUR) with a Seed Tag application

Binance is set to introduce Blur (BLUR) with a Seed Tag application. Trading for Blur (BLUR) will commence on 2023-11-24 at 09:00 (UTC) with the following spot trading pairs: BLUR/BTC, BLUR/USDT, and BLUR/TRY.

The Seed Tag signifies an innovative project that may exhibit higher volatility and risks compared to other listed tokens. Users seeking trading access to tokens with Seed Tags must pass corresponding quizzes every 90 days on Binance Spot and/or Binance Margin platforms, and accept the Terms of Use.

Users are now able to deposit BLUR in anticipation of trading. Withdrawals for BLUR will be available starting from 2023-11-25 at 06:00 (UTC). The listing fee for BLUR is 0 BNB.

Additionally, Binance will include BLUR as a new borrowable asset in a new margin pair on Isolated Margin within 48 hours from 2023-11-24 at 09:00 (UTC). The new Isolated Margin Pair is BLUR/USDT.

Source: https://www.binance.com/en/support/announcement/binance-will-list-blur-blur-with-seed-tag-applied-85306854c60347a6a4131493ec8d26a6

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What are the risks related to BLUR that make Binance applies Seed Tag into it?

It could be due to the rapid growth of this new coin.

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