Binance provides this description for the PEPE coin for several reasons related to transparency and warning users, especially since it is a major trading platform accountable to users and regulatory bodies. Here are the main reasons:
1. Warning of high risks:
'Meme' coins like PEPE are often driven by community and online hype and do not have a real technological project or actual use. Binance states that the coin 'has no utility' to avoid misunderstandings as a coin with practical application or a serious technological project.
2. Anonymous team:
Mentioning that the team is 'anonymous' means that no one knows who is behind the coin, which increases the risks of fraud or sudden disappearance, so it is important for users to be aware of this.
3. Commitment to transparency:
Binance clarifies these matters to avoid being accused of promoting coins that may only be used for speculation or pump and dump schemes, which is common behavior in meme coins.
4. Regulatory compliance:
Binance tries to show that it is a platform committed to informing users of all the facts about projects, especially in light of the global regulatory tightening on cryptocurrency platforms