Binance, the world's largest cryptocurrency exchange, has announced the first batch of tokens in its 'Vote to List' campaign, including the memecoins Mubarak and Broccoli.
Launch of the First Token Batch
Binance has launched a community co-governance campaign where users can vote on which tokens to list on the exchange. The first batch features tokens exclusively from the BNB Chain ecosystem, with future votes to include Binance Alpha tokens.
Composition of the First Batch
The first batch includes nine tokens such as the BNB Smart Chain memecoins MUBARAK and Broccoli, along with Banana For Scale, CreatorBid, CZ'S Dog, Koma Inu, SIREN, Tutorial, and WHY. Some of these tokens have seen notable price gains in the past 24 hours.
Long-term Prospects of Memecoins
Despite the price surges, many experts believe that most memecoins will eventually lose significance. ARK Invest CEO Cathie Wood stated that only a few memecoins might sustain long-term presence in the ecosystem.
The 'Vote to List' initiative by Binance allows the community to decide new listings. However, the long-term outlook for memecoins remains uncertain as expert opinions vary.
