Binance announces community voting mechanism for token listings

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Binance, the world’s largest centralized exchange, has announced a community co-governance structure that allows Binance users to vote to list or delist tokens on the platform.

According to the announcement, Binance will select projects which the community can vote on. Tokens that receive the most votes will be listed on Binance following due diligence from the centralized exchange company.

Projects that fail to provide regular progress updates or necessary token information, engage in malfeasance, or have inactive developer teams and communities will…



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Binance announces community voting mechanism for token listings


Binance, the world’s largest centralized exchange, has announced a community co-governance structure that allows Binance users to vote to list or delist tokens on the platform.

According to the announcement, Binance will select projects which the community can vote on. Tokens that receive the most votes will be listed on Binance following due diligence from the centralized exchange company.

Projects that fail to provide regular progress updates or necessary token information, engage in malfeasance, or have inactive developer teams and communities will…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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