#币安投票下币

A Few Thoughts on Binance's Voting Mechanism for Token Listings

The voting mechanism is essentially a form of decentralized governance aimed at enhancing community decision-making power, but it also has the potential to be manipulated. If a project has substantial financial resources, it can use funds to buy votes to prevent its tokens from being delisted, or even engage in reverse operations to concentrate votes and eliminate competing projects. Such actions can distort voting results and lead to unfair competition in the market, allowing truly inferior projects to survive while high-quality but underfunded projects are eliminated.

Furthermore, the 'dead friends don’t die, but the poor monk does' mentality may lead to vicious competition, potentially forming a kind of 'vote bank alliance' that turns the voting mechanism into a tool for利益交换 instead of a genuine selection process based on project quality. To avoid this issue, stricter voting rules need to be introduced, such as optimizing voting权分配, setting fair voting thresholds, and introducing on-chain transparency verification, to reduce manipulation space and ensure that genuinely valuable projects can thrive.

ps: The competition between project parties has already begun (・o・)