Binance, the world's largest cryptocurrency exchange, has announced the implementation of a new co-governance mechanism for the listing process, aiming to enhance community participation and influence in listing decisions for new projects.
Under the new mechanism, Binance will introduce two key features: “Vote to List” and “Vote to Delist.” The “Vote to List” feature allows users to vote for projects they want to see listed on Binance. Conversely, the “Vote to Delist” feature enables users to propose and vote for the removal of projects that fail to meet the platform's standards.
Additionally, Binance will disclose the listing budget of projects in listing announcements and distribute the budgeted tokens to users through airdrops. Projects that conduct an exclusive Token Generation Event (TGE) on Binance Wallet will also gain direct access to the Alpha Observation Zone, providing the community with more exploration and investment opportunities.
The goal of these improvements is to create a more transparent environment where users can discover and invest in promising projects while ensuring that only high-quality, innovative, and regulatory-compliant projects get listed.
Binance also expressed gratitude for the continuous support and trust of its community, reaffirming its commitment to providing high-quality services and expanding global investment opportunities.
Through this new co-governance mechanism, Binance aims to foster the sustainable development of the blockchain industry while maximizing benefits for users.
For full details, see Binance’s announcement:
[Announcement on Binance’s New Community Co-Governance Mechanism for Listing | Binance Announcements, Binance News]