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solana
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ripple
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shiba-inu
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pepe
Pepe (PEPE)
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bonk
Bonk (BONK)
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bitcoin
Bitcoin (BITCOIN)
$83,687 -2.43%
ethereum
Ethereum (ETHEREUM)
$1,575 -4.06%
binancecoin
BNB (BINANCECOIN)
$579.37 -1.60%
solana
Solana (SOLANA)
$124.61 -5.36%
ripple
XRP (RIPPLE)
$2.07 -3.96%
shiba-inu
Shiba Inu (SHIBA-INU)
$0.000012 -3.07%
pepe
Pepe (PEPE)
$0.000007 -4.42%
bonk
Bonk (BONK)
$0.000012 -12.02%
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Binance Introduces Community Co-Governance for Transparent Token Listings

Highlights:

  • Binance has introduced community co-governance to let users vote on token listings and removals, increasing transparency.
  • The Alpha Observation Zone offers early access to emerging blockchain projects for potential listings.
  • New listing options, including Launchpool, Megadrop, and HODLer Airdrops, provide rewards and early investment opportunities.

Binance has also come up with a program that involves its users in choosing token listing or delisting from their platform. The service runs on the community co-governance model, which enables users to vote on which tokens should be listed on the platform and which should be listed. This aims to enhance operation transparency, eliminate exploitation of one side over the other, and increase the likelihood of benefiting users and projects.

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Community Co-Governance: Empowering Users

The “Vote to List” and the “Vote to Delist” are new approaches in Binance that bring a new meaning to the token listing. By participating in the ‘Vote to List’ campaign, users will be given a chance to vote for tokens they would like to be included in Binance. To be listed, projects with a high number of votes and those that have passed through due diligence examinations will be considered.

The voting requires that users have at least 0.01 BNB in their Binance wallets at the time of the vote. Binance will choose these projects from Binance’s Alpha Observation Zone or the market in general. This empowers users and engages them in the token selection process.

However, the “Vote to Delist” mechanism allows users to vote to remove underperforming tokens. Tokens with little tokens development, no community participation or tokens that pose high risk can be delisted provided that it does not meet some aspects. The vote-out mechanism will determine the continued listing status of projects in the Monitoring Zone

New Listing Frameworks for Emerging Projects

Besides these voting mechanisms, Binance has established different frameworks to enhance listing for newly emerging projects. Some of them include Launchpool, Megadrop, HODLer Airdrops, as well as Pre-Market Trading.

Launchpool aims to give users an opportunity to earn tokens for free by staking the BNB or any other supported assets. Megadrop offers users an opportunity to engage in the Web3-based airdrop model. This model includes Binance Wallet and Binance Simple Earn, which lets users earn tokens by performing on-chain actions.

In addition, Binance is introducing HODLer Airdrops. This feature lets individuals holding BNB for a considerable amount of time be eligible to receive tokens. Pre-market trading ensures that users get an opportunity to trade certain Launchpool tokens before spot market listing takes place. These new frameworks mainly seek to expose new projects in the market and give users more opportunity mechanisms to invest in promising tokens.

Binance’s Alpha Observation Zone

Another new modification in the listing process is the Alpha Observation Zone, which gives early access to on-chain projects. Projects that complete their Token Generation Events (TGEs) only in the Binance Wallet shall have access to this zone. Binance still actively observes these tokens for listing but will only focus on those with promising demand and thorough development.

Binance assesses tokens in the Alpha Observation Zone based on technological advancement, market demand, and community participation. The platform ensures that it lists only high-potential tokens. Furthermore, this keeps users informed and engaged with the most promising projects.

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