Binance Democratizes Crypto Listing and Delisting Process
The Binance community will have the opportunity to contribute their opinions on the selection of tokens to be listed or removed from the exchange, giving investors greater freedom of decision-making.
The world's largest cryptocurrency exchange, Binance, is planning to democratize the process of listing and delisting tokens. This is aimed at providing users with more opportunities in the digital asset market.
The voting eligibility will require users to hold at least 0.01 BNB to vote for or against a project. Projects can be listed in the Alpha Watch Zone or delisted through the Watch Zone. However, community-backed projects still need to pass Binance's due diligence processes before being officially listed.
“For projects that have completed their Token Generation Event (TGE) but are not yet in the Alpha Observation Zone, we will introduce a self-nomination method. Details of this will be announced at a later stage,” Binance said in an announcement.
You may also like:
- The Paradox of Progress: Blockchain’s True Innovation Lies in Its Limitations
Over the past year, Binance has capitalized on the meme coin wave to list a series of new tokens on its platform. This has caused controversy in the community, as the listing criteria were unclear, leading to speculation that projects may have “bought” spots on the exchange.
However, Binance has made it clear that it does not charge listing fees, denying rumors of underground deals with crypto projects.
In another development, rival cryptocurrency exchanges of Binance are stepping up security measures after Bybit was hacked with a record loss of up to $1.4 billion.
