Binance Launches Second Round of “Vote to Delist” to Involve Community in Token Reviews
The post Binance Launches Second Round of “Vote to Delist” to Involve Community in Token Reviews appeared on BitcoinEthereumNews.com.
Key Takeaways: Binance opens second round of community-driven “Vote to Delist” campaign from April 10 to April 16. Users can vote on tokens flagged with the Monitoring Tag, potentially influencing delisting decisions. Delisting outcomes will also depend on Binance’s internal review criteria beyond community votes. The largest cryptocurrency exchange in the world by trading volume, Binance is giving more weight to its attempts to include the community in the governance of listing. Binance officially announced on April 10 that it would conduct the second round of its Vote to Delist campaign. The campaign invited users to take part in creating the token landscape of the exchange. Read More: 14 Altcoins Facing Binance Delisting Following Community-Powered Vote-to-Delist Process Community Voting to Influence Delisting Decisions Binance introduced Vote to Delist alongside Vote to List as part of its co-governance mechanism, allowing users to have a say in which tokens should be removed from the platform. The exchange now calls on its verified users to participate in this initiative by voting on eligible tokens marked with a Monitoring Tag, signaling projects under review. However, Binance made it clear that community votes will not be the sole determinant of a token’s removal. Final delisting decisions will be made following a comprehensive internal review process. Voting Details and User Requirements To participate in the Vote to Delist, users must meet certain criteria: Have a verified Binance account with at least 0.01 BNB kept in exchange accounts throughout the voting time. From April 10, 04:00 UTC until April 16, 23:59 UTC, the voting window runs. Each user can cast votes for up to five different projects, with only one vote allowed per project. Voting must be done under the official Binance Square post; only votes cast there will be counted. Projects already scheduled for delisting are…
Filed under: News - @ April 10, 2025 12:25 pm