The world's largest cryptocurrency exchange, Binance, announced on March 7 that it will upgrade its listing mechanism, which includes launching 'vote for listing' and 'vote for removal' mechanisms to enhance community participation and give users a greater voice in the listing process.
On the early morning of the 20th, Binance officially announced the launch of the first batch of voting activities for listing coins, inviting users to participate in voting to select the first batch of tokens to be listed on Binance. There are 9 candidate tokens available for users to vote on.
The first batch of Binance 'community vote for removal' includes 22 tokens.
On the 21st, Binance will launch the first batch of 'vote for listing' activities, with 22 candidate projects including tokens such as FTT, ZRC, JASMY, ELF, CREAM, etc. The 'Ethereum' that the community recently called for Binance to delist is not included.
According to the official Binance explanation, Binance will regularly review each listed token, and when a token does not meet the review standards, a 'watch label' will be used to indicate the possibility of delisting. Users can vote on projects in the 'vote for removal pool' that have a watch label to express their desire for those projects to be removed.
However, Binance also stated that the voting results will not be the sole basis for the final delisting decision, and the final decision will still be made based on Binance's formal review process. Various factors will be considered during the delisting assessment, including
The degree of commitment from the team to the project
The level and quality of development activity
Trading volume and liquidity
Stability and security of the network against attacks
Degree of open communication, community participation, and transparency
Responses to our periodic due diligence requirements
Evidence of unethical/fraudulent behavior or negligence
New regulatory requirements
Significant/groundless increase in token supply or changes in the token economic model
Impact of changes in project ownership structure or core team members
Community perception and opinions
How to vote?
Voting can be participated in from March 21, 2025, 06:30 (UTC) to March 27, 2025, 23:59 (UTC);
Users must log into their verified Binance account and hold at least 0.01 BNB in their trading account throughout the voting period for the vote to be considered valid;
During the voting period, each user can vote on a maximum of 5 projects in the 'vote for removal pool';
Each verified account can only cast one vote per project.
Projects that have been announced for removal will not be included in the 'vote for removal' category.
Only the votes cast under the designated posts of the Binance Square official account will be considered valid and counted.
Voting results will be updated in real-time on the Binance Square official channel, but these results are not final.
If users want to participate in voting, please go to the official Binance voting station: https://www.binance.com/en/square/post/21802360684769