The world's largest cryptocurrency exchange, Binance, has introduced a new policy regarding its altcoin listing, enabling users to vote for projects they wish to see removed from the platform, although the final decision will rest upon Binance's official evaluation process.
Vote to Delist System
Starting March 21, 2025, Binance will launch a new voting system titled 'Vote to Delist.' Users will be able to vote for altcoin projects they want removed via voting on Binance Square. Although results will be public in real-time, they will not be decisive. Only projects tagged with 'Monitoring Tag' are eligible.
Voting Criteria and Process
When deciding on delisting an altcoin, Binance considers factors such as the project's team commitment, development quality, trading volume, and liquidity. The voting process starts on March 21, 2025, at 09:30 and concludes on March 28, 2025, at 02:59. The final decision will follow Binance's official evaluation process.
Participation Conditions and Community Impact
To participate, users must have a verified Binance account with at least 0.01 BNB. Votes are valid only if submitted as comments under the official post on Binance Square. The voting empowers the community to play a role in decision-making, though the final responsibility lies with Binance.
Binance's new initiative offers a transparent and inclusive approach to altcoin listing decisions, allowing the community to have a say. However, the ultimate decision relies on Binance's internal appraisal and criteria.
