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The Coin Rise 2025-03-07 21:11:08

Binance to Democratize Token Listings and Delisting

Leading cryptocurrency exchange, Binance has allowed its community to share its input on token listings and delistings on the platform. With this new development, the digital asset service provider hopes to provide ‘Binancians’ more opportunities in the crypto sector. Binance Users Need BNB to Vote The Centralized Exchange (CEX) intends to encourage democracy among its users. Users can upvote a project for listing in the Alpha Observation Zone or downvote a token for delisting via the Monitoring Zone. However, for any Binancian to be eligible to vote, he must hold a minimum of 0.01 (BNB). Binance is enhancing its listing mechanism and introducing its new Community Co-Governance Mechanism for Listings. The ‘Vote to List’ and ‘Vote to Delist’ mechanisms will enable greater community participation and give users a stronger voice in the listing process. Read more 👉… pic.twitter.com/L2brgc4aoU — Binance (@binance) March 7, 2025 Projects within the Binance community are not an exception for the voting process as they are still required to pass due diligence on the exchange platform. Also, “For projects that have completed their TGE (Token Generation Event) for some time but are not yet in the Alpha Observation Zone, we will be introducing a self-nomination application method, with details to be announced at a later stage,” Binance announced. Raised Concerns About Binance’s Token Listings In 2024, Binance caught the token listing fever, backed by the ongoing memecoin mania. The exchange-listed several tokens, including those added to its LaunchPool. Amidst these massive listings, there were concerns about the unclear listing criteria, with certain entities suggesting that projects may have lobbied their way through to Binance. Recently, Binance founder and former CEO Changpeng Zhao “CZ” highlighted the “broken” state of CEXes token listings. Furthermore, he pointed to the problematic short window between token announcements and listings on major exchanges. He has observed how the rapid four-hour time frame on Binance triggers price distortions. CZ Offers Advice to CEXes on Token Listings CZ encouraged CEXes to consider automating their listing processes, similar to decentralized exchanges (DEXs), to address his concerns. One decentralized launch that has left the crypto community buzzing is that of Hyperliquid (HYPE). Its fair launch model, which staged a record-breaking airdrop worth over $7.5 billion, has earned it the tag of a potential game changer. Analysts believe that this model can facilitate more transparent and equitable token listings, which may eventually challenge traditional CEX practices and processes. The post Binance to Democratize Token Listings and Delisting appeared first on TheCoinrise.com .

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