#VoteToListOnBinance

Binance launched its first campaign "Vote to Remove", allowing users to influence the removal of tokens as it shifts from internal decisions to community-driven governance in listings.

Token Removal Begins: Binance Empowers Users with the Vote to Remove Feature

The cryptocurrency exchange Binance took another step in its community governance roadmap by activating its first campaign "Vote to Remove" on March 21, through its Binance Square platform. This development follows the recent launch of its "Vote to List" initiative, both part of an expanding effort to involve users in listing-related decisions. These mechanisms mark a shift in Binance's approach, which previously relied solely on internal assessments.

The removal voting targets tokens labeled with a Monitoring Label—an indicator that an asset may not meet Binance's standards. Binance explained:

When a coin or token no longer meets these standards or the industry landscape changes, Binance conducts a more thorough review and may apply the Monitoring Label to indicate the potential for its removal.

The launch of "Vote to Remove" reflects the structure of the recently introduced "Vote to List", but focuses on potential removals. The voting process opened at 6:30 a.m. UTC on March 21 and will continue until 11:59 p.m. UTC on March 27.