Binance Introduces Voting Mechanism for Token Listings and Removals, Empowering Users
Busting Barriers: Binance Empowers Users in Decision-Making
Say hello to the new era of community involvement on Binance! The top crypto exchange has introduced a revolutionary co-governance model that puts users in charge of deciding which tokens to list and delist.
Here's how it works:
- Your Wallet, Your Vote: All you need is 0.01 BNB stashed in your Binance wallet to join the voting fray. Whether it's about listing or delisting tokens, your voice matters!
- Listing with a Purpose: The "Vote to List" initiative allows users to vote for tokens they wish to see on Binance. Projects with the most votes and due diligence compliance will be considered for listing. Binance scouts these projects from its Alpha Observation Zone or the wider market.
- Dropping Poor Performers: With "Vote to Delist", users can vote for the removal of underperforming tokens. Projects with little development progress, lackluster community engagement, or high-risk factors may find themselves axed from the Binance platform.
To support emerging projects, Binance has rolled out several frameworks such as Launchpool, Megadrop, HODLer Airdrops, and Pre-Market Trading.
- Launchpool: Stake your BNB or various supported assets to earn new tokens. It's as simple as that!
- Megadrop: Join Web3-based airdrops by integrating Binance Wallet and Binance Simple Earn. Participate in on-chain activities and bag some free tokens!
- Alpha Observation Zone: This special segment provides early access to on-chain projects that complete their Token Generation Events directly within the Binance Wallet. High-potential tokens are closely monitored for potential listing on the platform, keeping users posted about promising investment opportunities.
Embrace a more open, transparent, and inclusive crypto ecosystem with Binance. Your say makes all the difference!
- Leveraging the power of blockchain technology and cryptocurrency, Binance's co-governance model allows users to vote for tokens they think should be listed on the platform through the "Vote to List" initiative.
- Those who wish to voice their opinion on delisting underperforming tokens can participate in the "Vote to Delist" initiative, empowering users to influence which tokens remain on the Binance platform.
- To foster the growth of emerging projects, Binance offers various frameworks such as Launchpool, Megadrop, HODLer Airdrops, and Pre-Market Trading, providing users with opportunities to invest and earn tokens.
