Binance Info Gold Label Project Releases New V Label Verification Badge Details
There has been some honest feedback that has been shared from the community in regards to the Gold Label Project been done by Binance Info. It is clear that some projects have misinterpreted the indicator of the Gold Label, which in fact was not the intention of the project. The company would like to clarify this further and explain the V Label verification badge, read on to find out more.
At present, we have received honest feedback from the community on the Gold Label project. We would like to clarify and further explain the V Label badge here. https://t.co/a4I4Gw28aS
— Binance Info (@Binance_Info) December 4, 2018
A Small Explanation Of The V Label Badge.
1. For the projects that will receive the V Label badge on the profile of their Binance Info page, they have actually been claimed by the project teams. What this means for you is, the information together with the content that is shown on the pages has already been verified in a manner the project teams will be able to take it up and maintain it themselves.
2. Once the team has confirmed the information, you should see the V Label appear next to the project name plus in the details section of all the projects that are on the Binance Info. For the blockchains that will not be having this label, they will be maintained by the community.
3. Each of the project teams on the platform will go through verification where the Binance Info will determine the authenticity for each, but they will not be making any judgment in the content that has been uploaded by the team. Additionally, the platform will not be offering any project evaluation.
The Binance Info has made it possible for any of the blockchains projects to take this moment and apply for the V Label. But it is not limited to this as the platform has ensured that the V Label has also been made available to other types of institutions in the near future.
It is important to note that the V Label is only able to certify that the project team is able to update and maintain the information on the Binance Info. Thus, the platform will not be making any judgment on the projects or the content that has been uploaded. Accordingly, having the V Label verification on the profile does not necessarily imply that it is an endorsement by the Binance Info.
None the less, the company is welcoming everyone to contribute to the platform as this will go a long way in building up the community.