Cryptocurrency exchange Binance posted an announcement about listing the FIS token (Stafi) in the Innovation Zone. As a result, traders will have access to the trading pairs FIS/BTC, FIS/USDT, and FIS/BUSD on March 3 at 8:00 a.m. (UTC).
StaFi (Staking Finance) is an open-source DeFi protocol, the first that unlocks the liquidity of staked assets. FIS is the native token used for staking and payment of transaction fees on the StaFi Chain.
Binance Innovation Zone is for users to gain access to new token offerings. Those might be riskier and more volatile than more popular coins. To enter this section of the website, users have to answer a short questionnaire, as per the company’s blog. This also helps protect traders with less experience from encountering the risks associated with trading new tokens.
The exchange warns its users about the possible high volatility of the new token and encourages them to do their research carefully and ensure good risk management before exploring the new trading pairs. For more information, please read the full announcement on the Binance website.