Binance Launches Its First-Ever Vote to List Campaign, Giving Community a Voice in Token Selection

Crypto exchange Binance has introduced its first-ever Vote to List campaign, inviting users to help determine which new tokens could be listed on the platform.

Crypto exchange Binance has announced its first-ever Vote to List campaign, inviting users to help determine which new tokens could be listed on the platform.

Announced on Monday, March 19, this initiative is part of Binance’s efforts to enhance community participation through co-governance models like Vote to List and Vote to Delist.

“We now invite users to participate and vote on the first batch of Vote to List projects,” Binance announced.

“The first batch of Vote to List is exclusively for BNB Smart Chain-based tokens. Future voting rounds will expand to include all tokens featured in Binance Alpha.”

Binance Alpha, a platform within the Binance Wallet, is a pre-listing token selection pool, designed to increase transparency in the process of considering tokens for Binance Exchange listings.

The selection process considers several factors, including user adoption, business model viability, and relevance to trending crypto themes. Binance also evaluates tokenomics, such as the distribution of holdings, vesting schedules, and market capitalization, as well as technical risks like security vulnerabilities and external audit history.

The listed candidates for this round include BANANAS31, BID, Broccoli, CZ’s Dog, KOMA, SIREN, Mubarak, TUT, and WHY. All these tokens are already featured on Binance Alpha, and the introduction of Vote to List does not negate Binance’s existing due diligence requirements.

The voting period runs from March 19 at 17:00 UTC to March 26 at 16:59 UTC. To participate, users must hold at least 0.01 BNB in their master accounts and have a verified Binance account. Each user can support up to five projects but can only allocate one vote per project.

Votes must be cast via the official Binance Square post and adhere to the Vote to List Terms and Conditions. While real-time results will be displayed, they will not determine the final listing decision, as further reviews are necessary.

“Tokens that were not selected for listing this round may still have the opportunity to participate in future Vote to List pools, depending on their continuous performance and quality,” Binance added.