Binance Introduces ‘Vote To List’ Campaign To Enhance Listing Governance And Strengthen Community Involvement
In Brief
Binance has introduced two community-driven listing mechanisms, ”Vote to List” and ”Vote to Delist,” aimed at enhancing listing governance and giving the community a greater role in decision-making.
Cryptocurrency exchange Binance announced the introduction of two community-driven listing mechanisms called “Vote to List” and “Vote to Delist”. These initiatives are designed to improve listing governance and provide the community with a greater role in decision-making.
Users are encouraged to participate by voting on the first batch of “Vote to List” projects, which have been shared in an official post on Binance Square Official. This initial round is exclusively for tokens based on the BNB Smart Chain, but future rounds will expand to include all tokens featured in Binance Alpha.
To determine which projects are eligible for the “Vote to List” pool, Binance evaluates several key factors. One of the main considerations is the project’s fundamentals and performance metrics. This includes consumer products and infrastructure projects, ensuring that selected tokens have real-world applications beyond meme culture. The level of user adoption is also important, with preference given to projects that have an established user base or verifiable adoption metrics. A viable business model with clear growth strategies and profitability prospects is another crucial factor, along with the project’s relevance to current cryptocurrency trends and emerging narratives. For meme-based projects, Binance considers the strength of the community and their cultural importance.
Tokenomics also play an important role in the selection process. Binance examines token distribution by looking at the number of unique holders and assessing whether a large portion of the supply is concentrated among insiders, developers, or market makers. The vesting schedule is also analyzed to understand how token unlock events might impact the market.
Secondary market performance is another factor in the decision-making process. Binance considers trading volume, liquidity depth, and historical price volatility, as well as fully diluted valuation (FDV) and overall market capitalization.
Technical risk assessment is also an important aspect of the evaluation. Binance reviews the token’s smart contract and any associated risks, analyzing code quality, innovation potential, system complexity, centralization risks, external audit history, dependency management, and previous security incidents.
In addition to these factors, Binance conducts a thorough background check on the key team members and relevant stakeholders of each project. Compliance-related risks are also taken into account, including potential regulatory issues such as sanctions and financial compliance concerns.
With these measures in place, Binance aims to create a more transparent and community-driven listing process while maintaining high evaluation standards.
Eligible Projects For ‘Vote To List’ And Guidelines For Voting
At present, the “Vote to List” initiative is open for multiple projects, with two tokens set to be selected for listing on Binance after completing thorough due diligence and standard listing procedures. The projects currently included in this round are BANANAS31, BID, Broccoli, Broccoli, KOMA, SIREN, mubarak, TUT, and WHY.
The voting period will begin within 30 minutes of this announcement and will last for seven days, from March 19th to March 26th at 16:59 UTC. To participate, users must be logged in to their verified Binance accounts and maintain a minimum balance of 0.01 BNB in their master accounts throughout the entire voting period. Each verified account is eligible to cast only one vote for a single project.
All votes must comply with the “Vote to List” Terms and Conditions. Any votes that do not meet the eligibility requirements or violate these terms will be removed at the end of the voting period. Once voting concludes, Binance will release the final count of valid votes. Only votes cast under the official post on Binance Square will be considered, and real-time voting updates will be available on the Binance Square Official channel. However, these updates should be viewed as provisional rather than final results.
The final listing decision will not be determined solely by the voting outcome, as all selected projects must undergo a comprehensive due diligence process. Additionally, the listing timeline will depend on Binance’s internal procedures. Projects that are not chosen in this round may still have future opportunities to participate in “Vote to List” based on their ongoing performance and overall quality.
Binance is a leading global blockchain platform, recognized for operating the world’s largest cryptocurrency exchange by both trading volume and registered user base.
Recently, Binance introduced “Private Portfolios” for spot copy trading, which are now available on both the Binance website and mobile app. This feature allows lead traders in eligible regions to create private portfolios and share them with selected copy traders through a unique link and code. With this update, lead traders gain greater control over who can access their copy trading portfolios, enhancing their ability to manage trading strategies more selectively.
Disclaimer
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
