The world’s largest cryptocurrency exchange, Binance, has announced the introduction of a new “Community Management” model, emphasizing that it has adopted a user-centric approach since its launch in 2017. This new system will allow users to actively participate in the distribution of collected cryptocurrency projects.
According to the announcement made by #Binance , two new mechanisms are being introduced for users, “Vote for Listing” and “Vote for Delisting”.
How will Binance vote for projects to be listed?
Users of the new systems can vote for projects to be listed on Binance if they own at least 0.01 BNB. Projects that receive the most votes and successfully pass Binance’s technical reviews will be listed directly on the exchange. In addition, projects that meet certain criteria but have not yet been included in the Binance Alpha Observation Zone are offered the opportunity to nominate.
Additionally, projects currently listed on Binance that have stopped active development, are not sharing updates, or are offering user risk packages may be subject to the Monitoring Zone and may be removed from the list by users’ votes.
Binance to continue offering tokens
Binance also stated that it will transparently disclose the comprehensive listing budgets from project owners in token listings and may continue to distribute these funds to users through airdrop transactions.
The new mechanisms announced by Binance aim to meet criteria for quality, efficiency, and regulation while allowing users to discover high-potential projects that may be of interest to them.
The exchange believes that these steps will enable it to establish a closer relationship with its users, while also providing additional insights into small and medium-sized developments.
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