Binance improves its listing and delisting rules, therefore empowering the community with returned power
Mechanisms introduced by Binance include "Vote to List and "Vote to Delist".
The community will have more involvement and a more powerful voice throughout the listing process.
Officially, Binance revealed modifications to its delisting and listing systems allowing more community involvement.
Binance claimed in its statement that the community supports the expansion and success of the exchange and that it has always first considered users.
Binance improves mechanisms for listing and delisting.
After several experiments and assessments, Binance will apply the following adjustments:
Binance will provide a dedicated listing budget for a project when it exists in the listing announcement, thus continuing to provide the allocated tokens to users via airdrops.
To let users participate more in the procedures, the exchange presents the " Vote to List" and " Vote to Delist" tools.
Direct access to the Binance Alpha Observation Zone will go to TGE projects exclusive of Binance Wallet.
Binance also said it would keep its zero listing costs policy in place.
The Motives of Binance Regarding Improving Its Listing/Delisting Policies
By means of the aforementioned actions, Binance seeks to provide consumers with additional chances to identify projects with great potential while guaranteeing that these initiatives satisfy quality, creativity, and legal requirements for high compliance.
1. Mechanism of Community Co-governance
The crypto exchange presents two co-governance listing systems because it underlined the relevance of community involvement in development.
List your vote.
Users will be able to vote on their preferred projects to maybe be listed.
The exchange will list projects with the most votes passing due diligence.
Projects selected for vote will come from the Alpha Observation Zone and the market.
Users with minimum 0.01 BNB in their master accounts are qualified to vote.
Projects with finished TGE but not yet in the Alpha Observation Zone will follow a self-nominating application process.
Choose to Delist by voting.
Users will be able to vote on projects in the Monitoring Zone being delisted.
Projects inside the Monitoring Zone will be those which:
Lack of updates on product progress.
Create teams and dormant communities.
Ignorantly fail to routinely update progress
Token supply inflated without appropriate procedure
pose serious hazards to consumers.
Users of relevant token information must have at least 0.01 BNB in their master account, same as with Listing Votes.
2. Listings for Binance
By locking BNB (also distributed Binance Wallet) and other tokens, users of Binance Launchpool may generate new project tokens for free.
Integrates Binance Simple Earn with Binance Wallet to enable users early access to Web3 projects before the official listing;
To get points and incentives, users may lock BNB and do Web3 activities.
By subscribing Binance to Fixed/Flexible Earn and On-Chain Yields products, users will be instantly eligible for rewards; Binance HODLer Airdrops distribute token rewards based on historical snapshots of BNB holdings in Binance Earn and On-Chain Yields products.
Direct Spot Listing is supported for established initiatives with great potential that will be exposed to the whole 260 million registered users of Binance.
Pre-market trading gives early access to Luanchpool tokens, which users may trade before the official Spot listing. Although users receive a strategic positioning to make profit, they should also be aware of hazards and eligibility criteria. Binance will also eliminate pricing limits.
These listing choices provided by the exchange help users and project teams.
Project Specifications
Binance also enumerated several main project needs:
undervalued market valuation but great Web3 growth potential
strong basis for products that allows innovation.
Strong foundations and an environmentally friendly company plan
very involved community of users
Long-term future view
Compliance and Liability
3. Binance Wallet Alpha Observation Zone
Included in the Alpha Zone are:
Though certain projects might show more volatility, newer and trendy coins
Projects using the Binance Wallet only TGEs
The crypto exchange also underlined that Alpha Zone projects would be routinely reviewed to make sure they meet listing criteria.
Binance will take under consideration forthcoming listing initiatives from:
Vote to List from Alpha Zone Direct Spot Listing.
The trade also disclosed that several projects in Alpha Zone may be eliminated for:
Weak performance
decrease in price
The Key Aim of Binance: Giving the Community Backpower
Binance said that its aims include the many listing prospects that projects have and ended its statement with this.
supporting an environmentally friendly sector
improving valuation strategies
Enhancing token distribution
Coordinating interests of projects, retail investors, and the community
Give mid-sized and early-stage enterprises more visibility.
While helping new on-chain initiatives to acquire traction and therefore benefit the on-chain ecosystem of the exchange, Binance strives to return the power to the community via all these policies, some of which are well-established and others fresh ones.
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