Binance introduced a new governance tool, “Vote to Delist,” which allows users to vote to delist poorly performing or risky tokens. This is additional to the recently launched “Vote to List” feature in advancing Binance’s position of favoring transparency and user participation in listing.
Delist Vote enables authorized Binance users to vote for delisting of tokens listed under the Monitoring Zone. Tokens with the Monitoring Tag usually have more risks like low liquidity, negative team activity, or regulatory issues.
How the Voting Process Works
- Voting Period: March 21, 2025, 06:30 UTC–March 27, 2025, 23:59 UTC.
- Eligibility: The voters should have a validated Binance account and should hold at least 0.01 BNB in their master account when voting.
- Voting Platform: The votes should be voted under the public post on Binance Square.
- Voting Rules: A voter may support up to five projects, but one vote per project is acceptable.
Factors Considered for Delisting
- Binance takes its delisting very seriously and carefully considers the following before doing so:
- Project Team Commitment: responsiveness to the community and long-term dedication.
Development Quality: Activity development and consistency in updates. - Liquidity & Trading Volume: Market demand and trading volume.
- Community Engagement: Transparency and volume of engagement with users.
- Regulatory Compliance: Risks because of changing international regulations.
- Network Stability: Security, uptime, and resilience to attacks.
- Tokenomics Changes: Abrupt supply inflation or extremist token structure overhauls.
- Fraud or Ethical Mistakes: Occurrence of cons, malpractice, or incompetence.
Role and Final Word of the Community
Even though community voting has a significant role in delisting, it is not unique. Finality lies in the hands of Binance and their internal judgment systems and regulatory protocols.
Through voting to delist, Binance enhances its governance system, and only the best and most transparent projects are allowed to be listed on its platform. This action is one of its many moves to provide a sustainable and reliable trading experience to users globally.
Also Read: Pi token Faces Uncertainty as Price Drops and Binance Excludes It from Listing
