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Mar 7, 03:15 PM
Binance Introduces Community Voting for Token Listings with 0.01 $BNB Requirement Amid GPS Sell-Off and RED Token Support
Markets
Airdrops
Crypto

Binance Introduces Community Voting for Token Listings with 0.01 $BNB Requirement Amid GPS Sell-Off and RED Token Support

Authors
  • Binance
  • Bybit
  • Bitcoin.com News
24

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.

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