Binance's delisting vote, requiring 0.01 BNB and allowing 5 votes per user, runs March 21-28; the platform's final decision considers various factors beyond voting results.
On March 21, Binance's official page showed that the first batch of voting was now on. The vote will last for seven days from 14:30 on March 21, 2025 (UTC+8) to 7:59 on March 28, 2025 (UTC+8). This move has attracted widespread attention from the cryptocurrency market, and many investors are particularly concerned about voting rules.
In terms of voting eligibility, users must log in to their verified Binance account and hold at least 0.01 BNB in their trading account throughout the voting period before their voting is valid. This regulation aims to ensure that users participating in the voting have a certain investment and attention to the platform and avoid arbitrary voting.
Regarding the number of votes, each user can vote for up to 5 items in the off-pool pool, and each certified account can only vote for one vote for each item. On the one hand, this restriction gives users a certain right to choose, allowing them to express their opinions on projects that they think do not meet the platform standards or have poor development prospects; on the other hand, it also prevents the possibility of individual users manipulating the results through a large number of voting.
It is worth noting that the voting results are not the only factor that determines the final decision to be removed from the shelves. Binance said project monitoring is still under evaluation and the final decision will be made by Binance in accordance with the official review process and standards. This means that even if a project receives a high number of votes removed from the shelves in the voting, Binance will consider it in combination with multiple factors, such as project compliance, market performance, team activity, etc.
The options for this vote cover multiple projects, including JASMY, ZEC, FTT, ELF, SNT, STPT, BAL, ARK, GPS, MBL, PROS, CTXC, HARD, BETA, CREAM, FIRO, VIDT, NULS, TROY, ALPACA, UFT. These projects have different performance and popularity in the market, and their future destiny will be affected to a certain extent by this vote.
As a world-renowned cryptocurrency trading platform, every decision of Binance may have an important impact on the market. The launch of the voting and removal mechanism not only reflects its importance to the quality of the platform's asset, but also provides users with opportunities to participate in platform governance. For investors, understanding these rules and rationally exercising voting rights will help protect their own interests on the platform, and will also play a positive role in the healthy development of the cryptocurrency market. During the voting period in the coming week, the market will closely monitor the results of the vote and Binance’s final decision.
