Binance recently introduced a community governance mechanism called "Vote to Delist", allowing users to participate in the decision to remove certain tokens from the platform. This initiative complements the existing "Vote to List" system, aimed at enhancing transparency and community engagement in the management of digital assets.
How the "Vote to Delist" works:
Voting period: From March 21, 2025, 06:30 UTC, to March 27, 2025, 23:59 UTC.
Voter eligibility: Users must have a verified Binance account and hold at least 0.01 BNB in their main account for the entire duration of the vote.
Voting process: Votes are cast via an official post on Binance Square. Each user can vote for a maximum of 5 projects, with one vote per project. Once submitted, votes cannot be changed.
Monitoring criteria and potential delisting:
Before removing a token, Binance evaluates several factors, including:
The commitment and responsiveness of the project team.
The quality and regularity of developments.
Transaction volume and liquidity.
Community engagement and transparency.
Regulatory compliance and absence of fraudulent behavior.
Tokens identified as posing risks or lacking activity are placed in the "Monitoring Zone", where the community can vote for their removal.
This approach aims to empower users and ensure that only quality projects remain on the platform, while reflecting Binance's commitment to transparent and community governance.
