Faced with the multiplication of cryptocurrencies and the increasing complexity of the market, Binance has announced an overhaul of its listing process by introducing a community governance system. This initiative allows users to vote for the addition or removal of cryptocurrencies on the platform, thus offering a more active role to the community.

Binance: a voting system for more transparency

The cryptocurrency exchange platform Binance has informed its community that a new voting system will be set up to list and unlist cryptocurrencies. This initiative aims to involve users more in the strategic decisions of the platform and to ensure greater transparency in the selection process. With this novelty, 2 mechanisms have been introduced :

Vote to List: Users can vote for the cryptocurrencies they wish to see listed. Only the cryptocurrencies that have collected the most votes and have passed the Binance due diligence process will be integrated into the platform ;

Vote to Delist: cryptocurrencies that do not offer regular updates, that present an inactive community or whose development team is absent, may be submitted to a vote for deletion.

Users must hold at least 0.01 $BNB in their account to participate in the votes, thus guaranteeing the involvement of committed investors.