On March 27, 2025, Binance's 'Vote to List' campaign allowed users to influence token listings. Out of nine projects, four were chosen, yet one collapsed immediately post-announcement.
Winners of Binance's “Vote to List”
In March 2025, Binance users could directly influence listing decisions, selecting from nine crypto projects. The winners were Mubarak (MUBARAK), CZ’S Dog (BROCCOLI714), Tutorial (TUT), and Banana For Scale (BANANAS31). These tokens trade with USDT and USDC, with withdrawals starting March 28.
Memecoins: Between Enthusiasm and Fatigue
The case of MUBARAK illustrates contrasting trends: though it received enough votes, its price dropped 13% post-announcement, indicating market fatigue for memecoins. Meanwhile, BROCCOLI714 and TUT saw price surges due to speculative interest.
Binance's Hybrid Governance
This campaign strengthens user engagement but also highlights meme token instability. Choosing tokens like TUT or quirky BROCCOLI714 demonstrates the crypto world's ongoing evolution. Binance's initiative offers a new perspective on platform-community governance.
Binance’s 'Vote to List' is an experiment in hybrid governance, involving users in listing decisions. However, the sudden volatility of chosen tokens highlights the need for analysis. Despite this, 'Vote to List' opens new possibilities for future listings.
