Binance, the world’s largest centralized cryptocurrency exchange, is launching a new community co-governance structure to allow users to directly influence the listing and delisting of tokens.
What is Binance's Community Co-Governance?
The community-driven governance model allows Binance users to vote on whether certain tokens should be listed or delisted. As part of this initiative, Binance has introduced two new mechanisms—'Vote to List' and 'Vote to Delist'—aiming to involve the community in critical decisions about adding and removing tokens from the platform.
Vote to List and Vote to Delist Mechanisms
The 'Vote to List' mechanism allows Binance users to vote for projects they believe should be listed on the platform; users must hold at least 0.01 BNB to participate. The 'Vote to Delist' empowers users to remove tokens that do not meet community standards or pose risks. Tokens in the Monitoring Zone may be delisted if deemed unfit by the community.
Additional Listing Opportunities at Binance
Binance has introduced new ways for users to engage with projects before their official listing, such as Launchpool, Megadrop, HODLer Airdrops, and Direct Spot Listing. These features allow users early access to promising new projects and engage the community in the listing process.
Community co-governance and additional listing mechanisms make Binance a more open and inclusive platform, giving users greater control over which tokens are added or removed, helping maintain high standards of quality, protecting users, and adapting to the rapidly changing crypto market.
