A naukri.com initiative
Cryptoninjas
1M
370
Binance Starts Its Program to Give Full Control to Its Users: Community Voting to List or Delist Tokens
- Binance introduces 'Vote to List' and 'Vote to Delist' mechanisms for users to have a say in token listings.
- This initiative aims to decentralize control and increase transparency in the listing process.
- The increasing number of cryptocurrencies has led to a need for improved vetting processes by exchanges like Binance.
- Coinbase also reevaluates its token listing process due to the influx of new tokens being created daily.
- Binance's new co-governance structure includes 'Vote to List' and 'Vote to Delist' mechanisms.
- Users can vote for projects to be listed and delisted, based on specific criteria set by Binance.
- The Alpha Observation Zone offers early access to potentially valuable assets for users through new and trending tokens.
- Binance will monitor the performance of projects in the Alpha Zone to ensure high quality and delist low-performing projects.
- This move by Binance enhances transparency, community control, reduces insider trading suspicions, and promotes innovation in the crypto space.
- Overall, the initiative aims to create a more user-friendly, transparent, and competitive marketplace for cryptocurrency traders.
Read Full Article
22 Likes
For uninterrupted reading, download the app