Understanding the "Seed Tag" on FOGO/USDT 🛡️⚠️
As FOGO prepares to launch on Binance, you might notice a Seed Tag next to its name. If you are wondering what that means, here is a quick breakdown to keep you informed and safe!
What is a Seed Tag?
The Seed Tag is a label Binance applies to projects that are currently in their early development stages. Unlike established coins (like BTC or ETH), these projects are new and come with unique characteristics:
Higher Volatility: Expect massive price swings. The price can go up 100% or drop 50% in a matter of minutes.
High Risk/High Reward: While the potential for growth is high, the risk of loss is equally significant.
Strict Monitoring: Binance keeps a very close eye on "Seed" projects. They must meet high standards to stay listed.
What you need to do:
Pass the Quiz: To trade FOGO, Binance will require you to pass a short quiz every 90 days. This is just to ensure you understand the risks.
Trade Small: Because of the volatility, it is often wise to start with a smaller position.
DYOR (Do Your Own Research): Since it is an "Infrastructure" project, look into what the FOGO team is actually building before you go all in.
The Bottom Line:
The Seed Tag isn't a "bad" thing—it’s a caution sign. It tells you that while the project is exciting, you should handle it with care and a solid strategy.
FOGO launches soon! Stay smart, stay safe, and happy trading! 🚀
