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Binance, the largest centralized exchange platform in the world, has announced a new community co-governance structure for token listing. This innovation allows users to vote for the addition or removal of tokens from the exchange market. Binance: the new co-governance for token listing According to the official announcement, Binance will select certain crypto projects that will be subject to the community vote. The tokens that receive the highest number of votes will be added to the platform, pending verification by the exchange. In parallel, Binance has introduced a new measure to ensure transparency and quality among the listed projects. The projects that do not provide regular updates, do not present the required information, or are managed by inactive teams will be moved to the “monitoring zone”. Once placed in this category, the community of Binance will be able to vote for the removal of these tokens from the platform. Explosive growth of cryptocurrencies and the need for new rules The introduction of this governance structure arises in response to an unprecedented phenomenon: the number of new tokens and crypto projects is growing at exponential rates. CoinMarketCap reported less than 11 million cryptocurrencies on February 8. Today, the number has reached 12.4 million, showing a dizzying growth in a few weeks. The disproportionate increase of new cryptocurrencies is creating difficulties for the exchanges, which must review their selection criteria to avoid listing unreliable or questionable quality projects. The effects of the proliferation of tokens on the market Some analysts in the sector believe that the rapid expansion of new tokens has direct consequences on cryptocurrency prices. The competition among emerging assets to attract capital and investors increases the fragmentation of liquidity, reducing the growth potential for many of them. This dynamic could hinder a potential altcoin season, limiting the classic phenomenon…

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Filed under: News - @ March 10, 2025 10:20 am