Skip to content
- Binance launches second round of Delist Vote, allowing users to vote on 17 tokens for possible removal.
- Voting runs from April 10-16; eligible users can vote for up to five tokens, one per project.
- User votes are considered, but final delisting decisions also factor in liquidity, team activity, and regulations.
Binance has recently launched its second round of Delist Vote, through which users are given an option to vote for the removal of 17 coins. This is not the first time Binance has decided to increase transparency and engage the community in the decision-making process regarding tokens listed on the platform.
According to the platform’s Apr. 10 announcement, the tokens up for delisting consideration are FTT, JASMY, VOXEL, GPS, ZEC, STPT, ARK, ARDR, MBL, PERP, NKN, WING, LTO, FLM, BSW, ALPACA, and PDA. The following tokens have earned themselves a “Monitoring” label to suggest that their performance and activity on Binance is under observation. The exchange also wants to guarantee that only tokens that pass its criteria in terms of liquidity, development, and community fundamentals will be tradable.
Voting Process Overview
Voting will be conducted between 4:00 UTC on 10 April and at 23:59 UTC on 16 April. Only the users who have completed the identity verification check in their Binance accounts and possess 0.01 BNB in their accounts during the voting period are eligible to vote. Every user is confined to vote for five tokens, though only one token per project. This gives the users a direct way of shaping the future of these tokens within Binance.
Although the user votes will be taken into account, Binance also emphasized that the outcome of the poll is not the final decision. Activity level, liquidity, the team’s activity, and possible regulatory challenges will also be considered before the final decision to delist any token is made on the platform.
Binance’s Efforts for Expansion
This follows the first round of the Vote to Delist campaign, where 14 tokens were delisted from the platform. Among the tokens that were delisted in the first round, it was BAL, CREAM as well as SNT. The decision to delist the trading pairs has been attributed to various factors, including slow development, low trading volume, and regulatory concerns, and the changes were to be implemented on April 16.
Another recent development on April 9, Binance launched LDUSDT, a new margin asset aimed at enhancing capital utilization. This feature enables users to transfer Tether from the Binance Simple Earn earning product and use it as collateral for margin funding for futures trading.
As this feature allows you to trade with margin and remain APR as the only way to earn a profit while having extra authorization to use the capital for other activities, it is convenient. The recent initiatives like the Vote to Delist campaign and the introduction of LDUSDT really show that Binance wants a better user perception, as well as its desire for further expansion.
