Binance has announced the introduction of a new community co-governance mechanism for token listings, allowing users to vote on which tokens to list or delist. This system, termed 'Vote to List' and 'Vote to Delist', is aimed at enhancing transparency and community engagement in the listing process. Users holding at least 0.01 $BNB will have the ability to participate in these votes. The move comes amid scrutiny of market activities, particularly concerning the GoPlus Security (GPS) token, which was added to Binance's Monitoring List following a significant sell-off of approximately 70 million tokens shortly after its listing. Additionally, Binance confirmed it will continue to list the RedStone (RED) token, despite recent turmoil surrounding a reduction in its airdrop percentage, which has faced backlash from the community. The changes reflect Binance's ongoing efforts to improve governance and user involvement in its operations.
BINANCE TURNS LISTINGS INTO A COMMUNITY BATTLEFIELD Binance is outsourcing token curation: user votes now decide listings and delistings. Projects with engagement and fundamentals may win; weak hands and ghost chains will vanish. New listing options, airdrops, and pre-market… https://t.co/nkF9AvXgR3
JUST IN: BINANCE FREEZES THE ACCOUNT OF GOPLUS MARKET MAKER FOLLOWING SUSPICIOUS $5M TOKEN DUMP. Source: Binance https://t.co/dHygqei0ow https://t.co/gxXhLMOibp
Binance just changed the game 🎮 A new governance system lets users vote on token listings & delistings. No more behind-the-scenes decisions—full transparency & community power! 🗳️ Vote to List: Support your favorite projects & get them listed. Vote to Delist: Remove inactive…