Binance is launching a new community co-governance structure that allows users to influence the listing and delisting of tokens.
What is Binance's Community Co-Governance?
The community-driven governance model enables users to vote on which tokens should be listed or delisted. Binance introduces the 'Vote to List' and 'Vote to Delist' mechanisms to make the process more transparent and inclusive.
How Does the 'Vote to List' Mechanism Work?
The 'Vote to List' mechanism allows Binance users to vote for projects to be listed on the platform. Users need to hold at least 0.01 BNB to vote. After receiving votes, a project undergoes rigorous due diligence to ensure it meets quality and innovation standards.
Enhanced Listing Mechanism on Binance
Binance has introduced new tools to engage users in the listing process, including Launchpool, Megadrop, HODLer Airdrops, and other mechanisms that enhance transparency and user participation.
Binance's new co-governance system addresses challenges posed by the rapid growth of new tokens and helps maintain a balance between innovation and responsibility.
