CandleFocus Binance Warns Its Users About Deep-Rooted Altcoin!
2024-12-24
Author: Content Editor
Binance, the world's largest cryptocurrency exchange, has issued a warning about the altcoin IOTA. Binance users were informed that IOTA will switch to a new token-economy model called "IOTA Rebased," which will significantly increase the total supply and circulating supply of IOTA. The IOTA team stated that this new model aims to provide a sustainable token economy with an annual inflation rate of 6%. Additionally, staking rewards will be offered, transaction fees will be kept low, and the transaction fee is expected to be around 0.005 IOTA. After the Binance announcement, IOTA experienced a slight decline but is currently trading at $0.31.
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