Binance Has Launched a New “Vote to List” Initiative. Pi Network, Expected to Be Listed, Has Been Excluded

The “Vote to List” initiative is a revolutionary program introduced by the world’s largest cryptocurrency trading platform.

Binance has launched a new "Vote to List" initiative, where users can vote on which tokens they want to be listed on the exchange. The initiative is part of Binance's broader efforts to engage its community in critical decisions affecting the platform.

The initiative was launched about a month ago with nine projects battling it out to win a listing on the exchange. Out of the nine projects, the two projects that garner the highest number of votes will be decided as winners by Binance.

The projects that are participating in the inaugural campaign include BANANAS31 (Banana For Scale), BID (CreatorBid), Broccoli (Broccoli), Broccoli (CZ's Dog), KOMA (Koma Inu), SIREN (SIREN), and more.

However, Pi Network, which was expected to be included in the campaign, has been excluded. The development has caused great disappointment among Pi enthusiasts, especially as it was a highly requested listing.

Many feel that Binance is unjustifiably favouring Binance-based meme coin projects. Earlier, when Binace launched a community vote seeking users’ opinion on whether to list Pi Network on the exchange or not, a vast majority of respondents voted in favour of PI.

But the Binance team has not yet acted on this. At one point, they even downplayed the community response regarding the listing of PI, saying the final decision would be taken after considering other factors.

While discussing this latest development, many point out that it is important to support projects with strong fundamentals like PI over meme projects with no utility.

Interestingly, some of the projects included in the inaugural campaign have strong celebrity backing. The case of Mubarik is a good example.

Recently, Mubarik came into the limelight as Binance founder Changpeng Zhao expressed his support for the token.

"My dog is better. Vote for Mubarik. It’s a good token. The team is good. I like the token," said CZ in a recent post on X, formerly Twitter.

He was responding to a user who claimed that his dog, which he named "Broccoli" in a previous post, would be a better candidate for the "Vote to List" program than the tokens that were included in the initiative.

The user had urged the Binance CEO to "please consider" listing his dog in the program.

To this, CZ replied that he already did and that he also likes the Mubarik token. He added that the Mubarik team is good and he wishes to support the token.

Earlier this year, Binance launched a "Vote to List" initiative, where members of the community can vote for their preferred tokens to be listed on the exchange.

The initiative was introduced in February, aiming to integrate community input in the listing process.

The initiative saw a massive participation rate, with over 1.5 million votes being cast in just 24 hours.

The initiative saw participation from both crypto enthusiasts and traders, who engaged in lively discussions and debates about their favorite tokens.

The initiative was part of Binance's broader efforts to decentralize its platform and give its users a greater voice in key decisions.

The exchange also launched a "Vote to Delist" initiative, where users can vote for tokens they want to be delisted from the exchange.

The initiative is part of Binance's ongoing efforts to streamline its listing process and respond to user feedback.

"We are always looking for ways to improve our platform and better serve our users," said a Binance spokesperson.

"The 'Vote to List' and 'Vote to Delist' initiatives are two of the many ways we are doing this."

The initiative is open to all users who have registered an account on Binance and completed the required identity verification procedures.

To participate in the initiative, users can simply select the tokens they want to be listed or delisted and cast their votes.

The initiative is set to run for a period of one month, after which the results will be announced and the selected tokens will be listed or delisted accordingly.

The initiative has been met with enthusiasm from the Binance community, who appreciate the opportunity to have a say in which tokens are available for trading on the exchange.

"It's a great initiative by Binance to give users a voice in the listing process," said one user in a recent post on social media.

"I'm glad they are taking our feedback into consideration."

Another user added: "I think it's a brilliant move by Binance to involve the community in such a critical decision."

The initiative is part of Binance's broader efforts to decentralize its platform and give its users a greater role in shaping the future of the exchange.