Binance recently came up with a new "decentralized" trick, announcing that it would allow users to vote on the listing and delisting of cryptocurrencies. Does it sound democratic? But don't be too happy too soon. Once you think about it, it doesn't taste right!

Holding 0.01 BNB can vote? What can retail investors do?

Binance said that as long as you have 0.01 BNB, you can participate in the vote! This means that even if I have only a small amount of BNB, I can decide which coin will be listed and which coin will be abandoned? Imagine if retail investors band together, can they vote Bitcoin and Ethereum to be delisted? It's so funny, just let Binance return to the USDT exchange.

But what is the truth? We all know that the crypto market is a game for whales, and retail investors are just running along. Do you think retail investors vote to determine the direction of the market? Don't be naive. The big investors control the market every minute, and voting is just a new tool for them to cut leeks.

Pi Coin incident: Binance's democracy is really "fake voting, real shit"

In mid-February, Binance conducted a test to ask people to vote whether Pi Coin should be listed on Binance. What was the result? In the end, the community didn’t really decide anything, and Binance had the final say! Well, a “democracy”, but the result is still centralized, isn’t this pure deception? It’s like your boss asks you if you want a raise, you nod excitedly, he pats you on the shoulder and says, “Oh, I see.” Then he doesn’t give you a raise at all!

Is it true decentralization, or a new way of making money?

Binance also added a bunch of seemingly "transparent" things, such as the announcement of the listing budget, airdrop benefits, wallet privileges... But these things that can really affect the price of the currency, retail investors have no say at all, and the big investors are the rule makers. After all, the voting rights are calculated based on BNB. You have 0.01 BNB in ​​your hand, and the whale has 100,000 BNB in ​​his hand. What do you think you can decide? Others go to the kyc black guy's account to vote in batches. To put it bluntly, it is just a different way to continue to cut leeks, making retail investors think that they have a say, but in fact they are still just running with them.

To sum up: democracy is fake, harvest is real
So, can Binance's "vote to delist" really let users decide everything? Don't be ridiculous. Even if everyone votes to delist Ethereum, do you think Binance will pay attention to you? This is not decentralization at all, but a new trick to add some drama to the market, allowing big players to manipulate the market in the name of voting, drawing pie in the sky while reaping the benefits, and the money still flows into the pockets of the big guys!