Binance announces optimization of listing mechanism! Introducing “Vote for Listing” and “Vote for Delisting” to enhance community engagement.

Binance announces optimization of listing mechanism! Introducing "Vote for Listing" and "Vote for Delisting" to enhance community engagement.

Binance announces optimization of listing mechanism! Introducing "Vote for Listing" and "Vote for Delisting" to enhance community engagement.

Binance Exchange has announced the enhancement of its listing mechanism, including the introduction of “voting for listing” and “voting for delisting” mechanisms, based on community suggestions and after trials and evaluations. The purpose of these enhancements is to increase community participation and give users a stronger voice in the listing process. Binance stated, “The goal of enhancing the listing mechanism is to provide users with more opportunities to discover potential projects while ensuring that the projects meet quality, innovation, and regulatory compliance standards.”

Specifically, users will be able to vote for projects they like and wish to see listed in the future. Projects with the highest number of votes and passing due diligence will be listed on Binance. However, not all projects will be eligible for voting. Binance will select projects from the market and Alpha Observation Zone to enter the voting pool. More details will be announced after the mechanism is launched.

In addition, Binance emphasizes that users must hold at least 0.01 BNB to participate in the voting. It is currently unclear whether the amount of BNB held will affect the voting weight.

Apart from listing, users can also vote to delist projects in the monitoring zone. Projects that may be selected for the monitoring zone include those that lack product development updates, have inactive communities and teams, fail to update progress regularly, improperly increase token supply, or pose significant risks to users. Furthermore, Binance also emphasizes that projects that fail to disclose relevant token information will be moved to the monitoring zone in the future.

Binance also clarifies in the announcement that it will charge fees to project teams, but these fees are not “listing fees” and are used for the budget to reward Binance users. “When a project has a dedicated listing budget, we will disclose it in the listing announcement and continue to distribute tokens from the budget to Binance users through various forms of airdrops. Binance does not charge listing fees.”