Binance, the world's largest centralized exchange, has announced a collaborative community management structure that will allow Binance users to vote on the listing and delisting of tokens on the platform.
According to the announcement, #Binance will select projects for community voting. . The tokens that receive the most votes will be reviewed by a #centralized exchange company and listed on Binance.
Projects that fail to provide regular progress updates or necessary token information, projects with unscrupulous activities or inactive development teams or communities will be placed in the platform's monitoring zone.
Once a project is placed in the monitoring zone, Binance community members will be able to vote to delist those projects from the platform.
The announcement follows the release of the announcement by Binance. At the time of writing, the number of unique digital assets listed on the site has reached 12.4 million.
Some market analysts believe that the rapid growth of new tokens competing for limited capital and investor attention is having a dilutive effect on cryptocurrency prices, with the market
In a post dated January 24, X #Coinbase CEO Brian Armstrong said that Coinbase needs to rethink its token listing process. Mr. Armstrong wrote, "With (roughly) one million tokens currently being created per week and that number continuing to grow, Coinbase's listing process needs to be rethought.
The regulator is currently not required to approve all tokens for submission. "Currently, the regulator does not have to approve all tokens for application, and should also realize that it's completely impractical for
this, the CEO continued.
CEO Armstrong concluded that exchanges should move to a
"permission list"
to the blockchain.
The b-structure. He concluded that the exchanges should move
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