PERP is a native token of Perpetual Protocol, used for staking and governance. It currently ranks #230 on CoinMarketCap.com, with market cap of $348,376,872 and 24-hour trading volume of $77,821,051. Moreover, per CoinMarketCap.com data, the price of the token has increased by over 90% in the past 24 hours, and it is now trading at around $15.80.

Binance reminds in the announcement about the increased risk of trading in the Innovation Zone. This section of the website allows the exchange to list new and innovative DeFi tokens. However, these tokens might be riskier to trade than more popular assets. As a result, before accessing the Innovation Zone, every trader will need to complete a brief questionnaire.

For more information about trading in the Innovation Zone, PERP, and the new pairs PERP/BTC, PERP/BUSD, and PERP/USDT available for trading today, please consult the announcement on the Binance website.

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Beefy.Finance is a token for maximizing yield farming earnings on Binance Smart Chain. The token is native to the platform and is used for staking and governance.  

The token currently ranks #251 on CoinMarketCap.com. BeefyFinance is trading at around $2,376 at the time of writing, per CoinMarketCap.com data. Moreover, it has a 24-hour trading volume of $556,606 and a market cap of $181,610,531.

Trading in the Innovation Zone on the Binance platform enables the traders to gain access to the pairs with innovative DeFi tokens. Since these tokens are relatively new, they might have higher price volatility and be riskier to trade, Binance notes. That is why every trader has to answer a brief questionnaire before accessing the Innovation Zone.

For more information about trading in the Innovation Zone and the new trading pairs BIFI/BNB and BIFI/BUSD available today, please consult the announcement on the Binance website.

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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.

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