- Binance lets users vote for tokens to be listed or removed through a new co-governance model.
- Users need at least 0.01 BNB in their wallets to join the voting process for token listings and delistings.
- The company added new frameworks like Launchpool and Megadrop to help users earn and trade new tokens.
Binance has introduced a new system that allows users to participate in token listings and delistings. The platform uses a community co-governance system which lets users decide through voting about the addition or removal of tokens within the platform. The system aims to achieve better transparency through balanced governance structures while delivering improved benefits to users and project providers.
Voting Mechanisms for Token Selection
The “Vote to List” initiative allows Binance users to vote for tokens they want to be added to the platform. Projects with the highest votes and those that meet due diligence requirements will be considered for listing. To participate, users must hold at least 0.01 BNB in their Binance wallets during the voting period. Binance selects these projects from its Alpha Observation Zone or the wider market.
In contrast, the “Vote to Delist” mechanism enables users to vote for the removal of underperforming tokens. Projects with little development progress, lack of community engagement, or significant risk factors may be delisted. The system ensures that the Monitoring Zone remains a place for promising tokens, while underperforming assets are reviewed for possible removal.
Additional Listing Frameworks
Binance has also introduced several frameworks to support emerging projects. These include Launchpool, Megadrop, HODLer Airdrops, and Pre-Market Trading.
Launchpool allows users to earn new tokens by staking BNB or other supported assets. Megadrop provides opportunities for Web3-based airdrops, integrating Binance Wallet and Binance Simple Earn. This lets users earn tokens by participating in on-chain activities.
HODLer Airdrops reward users who hold BNB for a set period with free tokens. Pre-Market Trading offers users early access to trade specific Launchpool tokens before they are officially listed on the spot market. These mechanisms aim to increase exposure for new projects and provide users with additional investment opportunities.
Alpha Observation Zone for Emerging Tokens
The exchange has refined its listing approach with the Alpha Observation Zone. This segment offers early access to on-chain projects that complete their Token Generation Events exclusively within the Binance Wallet. The platform monitors these tokens for listing, prioritizing those with strong demand and solid development.
Tokens in the Alpha Observation Zone undergo assessment based on technology, market interest, and community engagement. This process ensures that only high-potential tokens reach the marketplace, keeping users informed about promising investment opportunities.
