Binance Introduce Users ‘Vote to Delist’ to Enhance Listing Governance

Leading crypto exchange Binance has announced enhancements to its listing governance by introducing community co-governance listing mechanisms: Vote to List and Vote to Delist.

Notably, the voting period will commence within 30 minutes of this announcement and will span seven days, from March 21st at 06:30 (UTC) to March 27th at 23:59 (UTC).

Binance Introduces New Delist Mechanism

Binance will test a new way to remove listed coins using community input. We invite users to vote on which coins with the “Monitoring Tag” they want to be removed. The voting will happen on the Binance Square Official page (the post will be live soon). While the community’s opinion is essential, Binance will still make the final decision after an official review.

“Users can vote for projects with the Monitoring Tag in the Vote to Delist pool that they wish to be delisted. While the community will play a greater role, the voting result will not be the sole deciding factor to determine the final delisting decision, which is subject to the official review process,” Binance stated.

Binance stated that it checks each listed digital asset regularly to ensure it still meets its standards and requirements. If a coin or token doesn’t meet these standards or the market changes, the exchange will review it closely. The crypto exchange further encourages users to meticulously consider these factors before voting.

Voting Eligibility

The announcement states that users must log into their verified Binance accounts and maintain a minimum balance of 0.01 BNB across their exchange accounts throughout the Voting Period to vote.

During the Voting Period, each user may vote for up to five projects within the Vote to Delist pool, with each verified account limited to one vote per project. All votes must comply with the Vote to Delist Terms and Conditions (the “Terms and Conditions”). Any votes ineligible or violating the Terms and Conditions will be nullified at the conclusion of the Voting Period.

Furthermore, the Vote to Delist pool will not include projects already scheduled for delisting. We will only consider and tally votes cast under the official post on Binance Square Official.

Nonetheless, real-time results will be available on the Binance Square Official channel. However, it is essential to emphasize that these results are provisional and do not represent a final determination.