According to @ai_9684xtpa, Binance quietly launched an invite-code subscription in its Smart Money section that restricts live-account subscriptions to users with a valid code, limiting who can view positions and trading history; source: @ai_9684xtpa; Binance Smart Money page. According to @ai_9684xtpa, the feature lets admitted subscribers see a trader’s positions and historical executions via a gated subscription, enhancing privacy for strategy owners; source: @ai_9684xtpa. According to @ai_9684xtpa, the change aims to address the risk of publicly exposing large leveraged positions while still supporting follower acquisition and marketing for strategy providers; source: @ai_9684xtpa. According to @ai_9684xtpa, typical use cases include paid groups, private-community access, and time-limited visibility windows for live accounts; source: @ai_9684xtpa. According to @ai_9684xtpa, this invite-code model is more flexible than the previous one-size-fits-all subscription approach on Binance for live trading streams; source: @ai_9684xtpa.