Binance, the world’s largest cryptocurrency exchange, has unveiled a community co-governance mechanism that allows users to vote on which tokens should be listed or delisted from the platform. This move comes as a response to the exponential growth of cryptocurrencies, with over 12.4 million unique tokens in circulation.

How the New System Works

The updated listing mechanism introduces two key features:

1. "Vote to List" – Community-Driven Token Listings

Binance users can now vote for projects they believe should be listed on the platform. Binance will pre-select projects based on market trends and its Alpha Observation Zone, ensuring that only promising projects enter the voting pool. Tokens with the highest votes and successful due diligence checks will be listed on Binance.

Eligibility: Users must hold at least 0.01 BNB in their Binance master account to participate.

2. "Vote to Delist" – Removing Underperforming Tokens

Binance is also introducing a mechanism to remove projects that fail to meet quality and compliance standards. Tokens placed in the Monitoring Zone—due to a lack of updates, inactive teams, or questionable practices—will be subject to community votes for delisting.

Eligibility: Similar to the listing vote, users need to hold at least 0.01 BNB to participate.

With millions of new tokens emerging, major exchanges like Binance and Coinbase are re-evaluating their listing policies. Coinbase CEO Brian Armstrong recently suggested moving toward an “allow-list” and “block-list” system, citing the impracticality of manually reviewing every new token.

Binance’s approach, however, focuses on direct community involvement while maintaining internal due diligence. By giving users the power to vote, Binance aims to strike a balance between decentralized decision-making and ensuring that only credible projects gain exchange access.

Beyond Voting: Other Binance Listing Options

In addition to the voting system, Binance continues to offer multiple ways for projects to enter its ecosystem:

  • Launchpool & Megadrop – Users can farm new tokens before listing.
  • HODLer Airdrops – Rewards distributed to long-term BNB holders.
  • Direct Spot Listings – Reserved for high-potential projects.
  • Pre-Market Trading – Early access to select tokens before official listing.

By empowering its user base with voting rights, Binance is taking a bold step toward a more inclusive listing process. This initiative not only increases transparency but also aligns the interests of traders, investors, and token developers.

With Binance leading the charge, community-driven governance in token listings could soon become the new standard across major exchanges.

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