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Binance Launches Altcoin Voting: Results and Implications

Binance Launches Altcoin Voting: Results and Implications

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by Giorgi Kostiuk

2 days ago


The largest cryptocurrency exchange, Binance, has initiated a voting process among its users regarding which altcoins may be added or removed from the platform. The results reflect user preferences and have sparked discussions in the crypto industry.

Voting Results on Altcoins

According to the voting results, the top five altcoins that received the most votes for removal are:

- FTT (11.1%) - ZEC (8.6%) - JASMY (8.6%) - GPS (8.2%) - PDA (7.6%)

Other altcoins included on the list are VOXEL (7.1%), ALPACA (6.3%), STPT (5.9%), ARK (5.8%), BSW (5.5%), FLM (4.3%), MBL (4.2%), WING (3.8%), ARDR (3.6%), PERP (3.4%), NKN (3.2%), and LTO (2.9%).

Community Reaction to ZEC Delisting

The inclusion of ZEC, a privacy-focused altcoin, in the delisting vote has sparked backlash from the crypto community. User comments indicate concern over the potential removal of this asset.

Binance's Policy on Delisting

Binance clarified that voting results will not be the sole determining factor in the delisting decision. "While we will evaluate and take into account the voting results, they will not be the only factor in determining the final decision," the exchange stated. The delisting timeline will also depend on Binance's procedures.

Binance's altcoin voting highlights important user preferences and generates interest in potential platform changes. At the same time, the exchange's actions demonstrate that final decisions will be made considering multiple factors.

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