#VoteToDelistOnBinance
#VoteToDelist - this is the initiative #Binance , which allows users to vote for the removal of certain cryptocurrency assets from the listing on the platform. This process is aimed at ensuring that Binance can maintain high quality and liquidity of the assets available for trading.
▫️ The asset nomination by Binance determines a list of potential assets for removal based on certain criteria, such as low trading volume, insufficient liquidity, or violations of Binance rules.
▫️ User voting allows users #Binance to vote for the removal of assets from the list, using their $BNB .
▫️ Determining winners - assets that receive the highest number of votes are subject to removal from the listing.
▫️ The removal from the listing #Binance announces the removal of assets from the listing and gives users time to withdraw their funds.
▫️ Criteria for asset removal.
▫️ Low trading volume.
▫️ Rule violations.
▫️ Insufficient liquidity.
▫️ Lack of active project development.
▫️ Insufficient community support.
▫️ Advantages of VotetoDelist
▫️ Support for high-quality assets on Binance.
▫️ Protection of users from illiquid and risky assets.
