CommunityVote

Binance is highlighting its dedication to community involvement with the launch of the "Vote to Delist" feature. This feature, combined with the "Vote to List" initiative, is designed to empower users by giving them a say in the token listings on the exchange and further demonstrating Binance's commitment to incorporating community input into critical business decisions.
How does the "Vote to Delist" process work?
The "Vote to Delist" initiative aims to give power to the community by providing them with a say in whether some projects still fulfill Binance's listing requirements. The campaign is especially pertinent since it focuses exclusively on tokens labeled with a "Monitoring Tag."
Such tokens have been highlighted because they are possibly high-risk, and this could be because of a variety of reasons, like thin trading volumes, declining development activity, or doubts regarding the project's long-term viability.
Its function is to tap into the collective knowledge of the Binance community, looking for projects that are lagging behind or those that might represent a higher risk.
Motivating the community
The Vote to Delist initiative is designed to motivate members of the community to determine the feasibility of the coins listed on Binance. It goes hand in hand with the emerging trend of decentralized decision-making and community governance in the cryptocurrency world, allowing users to be a part of the process of choosing listings on Binance.
A market analyst stressed the importance of striking a symbiotic balance between empowering the community and having centralized control. The "Vote to Delist" initiative encourages community participation while protecting the security and integrity of the exchange platform on Binance.
How will the reviewing process work?
Binance will continue to be in a rigorous review process, considering a variety of factors, including, but not limited to:
👉The response process and team involvement of the project: Is the project team responsive and present to the needs of the community?
👉How excellent and uniform is the development process? Does the project shed light on its progress and innovation as time progresses?
👉Is there adequate market demand to justify the continued listing of the token? Transparency and community involvement: How involved is the project with its users?
👉Compliance risks with regulations remain: Is the project in compliance with all applicable regulations and legal requirements?
👉What is the project's technology and network stability, and security?
👉Supply dynamics for the token were certainly quirky and raised suspicion concerning the fluctuations of its economic model that may have triggered fear.
👉Demonstration or evidence of fraudulent or immoral activity: Is there any indication that the project team is involved in activities considered immoral or fraudulent?
👉These attributes attest to Binance's dedication to making comprehensive and fair decisions on listings and delistings.
"Vote to Delist" in Testing
Binance is not just talking about community governance; they are actually practicing it. The exchange has launched a test of the revolutionary "Vote to Delist" strategy, which seeks to engage users in a direct manner.
The voting for this pioneering proposal started on March 21, 2025, at 06:30 UTC and will run until March 27, 2025, at 23:59 UTC. This seven-day period offers plenty of time for customers to review the candidate projects and vote. ( THE 1st Vote is already closed at the time of writing this Article)
The results of this first test will become a critical factor in the constant development of the "Vote to Delist" mechanism, in essence, empowering users to have a say in the quality of assets being traded on Binance.
Who can Vote to Delist?
Members holding a KYC-verified account with a balance of at least 0.01 BNB in their exchange wallet at the point of voting will be privileged to take part in this experiment. This will be aimed at minimizing the Sybil attack threat while making it financially worthwhile for the voters. Voters who meet the qualifications will get a chance to vote for a maximum of five projects in the "Vote to Delist" list, each with a single vote. It is essential to point out that votes will be valid only when cast in the official poll on Binance Square.
How did the first Vote to List round go?
Binance boldly announced that the first phase of their groundbreaking "Vote to List" feature is live. The new feature gives Binance users the chance to vote for which new tokens they wish to have listed to trade on the platform. The initial voting period began on March 19 and ran until March 26.
With this feature, Binance hopes to tap into the power of the community to solve the problem of separating legitimate cryptocurrencies from the sheer number of altcoins pouring into the market.
The first Vote ot List tokens
The exchange released its first list of "Vote to List" tokens, which include nine altcoins. Some of these tokens include BANANAS31 (Banana for Scale), BID (CreatorBid), Broccoli (Broccoli), Broccoli (CZ'S Dog), KOMA (Koma Inu), SIREN (SIREN), Mubarak (mubarak), TUT (Tutorial), and WHY (Why).
👉 4 of this tokens were listed after the Community Vote:
https://x.com/binance/status/1905312700458021102?t=9FeWH-R5bvSGBa6fkYD32g&s=19
While all of these coins are referred to as memecoin, they are all built on the BNB Chain. The tokens that appear on the Alpha list will go through additional rounds of community votes. The Alpha list is a list of pre-listed tokens from which there will be picks made.
The final say
The exchange has stressed that, while the outcome of the poll will be considered, the final decision as to the listing of tokens will be with the exchange alone.
The monitoring of the project will remain under consideration, and Binance will come to a decision in line with our determined review process and criteria.
Projects Under Review for Delisting in the Preliminary Assessment
Binance released a collection of projects that still hold the "Monitoring Tag," thus making them subject to the "Vote to Delist" process for this pilot project. The collection presents a heterogeneous list of tokens across different markets and market caps. Some of the projects presented include JASMY, ZEC, FTT, ELF, SNT, STPT, BAL, ARK, GPS, MBL, PROS, CTXC, HARD, BADGER, BETA, CREAM, FIRO, VIDT, NULS, TROY, ALPACA, and UFT.
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