Binance has made a move towards community governance by launching a voting system that allows users to vote for tokens to be listed or delisted from the platform. This is an added layer of transparency and empowers users with greater control over the token ecosystem of the exchange.
Community Co-Governance
Customers with a minimum of 0.01 BNB can now vote for the listing of new tokens and delist underperforming or high risk projects.
The move will introduce community-led decision-making to the listing process.
– Vote to List – Vote for worthy crypto projects and encourage them to get listed on Binance.
– Vote to Delist– Remove inactive or risky tokens and vote to delist them from the platform.
Other Features.
New trading opportunities:
– Launchpool – Stake BNB to receive new tokens for free
– Megadrop – Receive early access to Web3 project tokens by staking BNB or doing tasks.
– HODLer Airdrops – Receive free tokens for keeping BNB in Binance Earn & On-Chain Yields.
– Pre-Market Trading – Buy and sell fresh tokens before their public release.
– Alpha Observation Zone – Experience unique access to fresh projects via Binance Wallet.
This upgrade enhances community-centric, transparent, and secure nature. Users have direct influence over the exchange’s offerings of tokens with early investment rights. It will also disclose listing budgets as well as details of airdrops, facilitating more transparency regarding listings.
Also read : U.S. Sets Up Bitcoin Reserve Under Trump
