Binance initiated a seven-day community vote to delist 20 cryptocurrencies, including ZEC and GPS, but the outcome isn't solely determinative; Binance's internal review holds final say.
On March 21, Binance's official page showed that the first batch of voting was officially launched. The vote starts at 14:30 (UTC+8) on March 21, 2025 and ends at 7:59 (UTC+8) on March 28, 2025, and lasts for seven days. This move has attracted widespread attention in the cryptocurrency market, with investors focusing on the projects involved in the voting and the impact of the voting results on the final fate of the project.
According to the rules, if a user wants to participate in this voting, he must log in to the verified Binance account and hold at least 0.01 BNB in the trading account throughout the voting period so that his vote is valid. During the voting process, each user can vote for up to 5 items in the delisted voting pool, and each certified account can only vote for each item.
The projects in the voting removal pool include JASMY, ZEC, FTT, ELF, SNT, STPT, BAL, ARK, GPS, MBL, PROS, CTXC, HARD, BETA, CREAM, FIRO, VIDT, NULS, TROY, ALPACA, UFT. Among these projects, there are old cryptocurrencies with a certain market popularity such as ZEC, and projects like GPS that have been included in the voting pool due to controversy over recent market performance.
It is worth noting that the voting results are not the only factor that determines the final decision to be removed from the shelves. Currently, Binance's monitoring of these projects is still under evaluation, and the final decision will be made in accordance with Binance's official review process and standards. This means that even if a project receives a higher number of votes in the voting, it does not mean that it will definitely be removed; on the contrary, projects with lower votes cannot ensure that they continue to stay on the Binance trading platform.
As a world-renowned cryptocurrency trading platform, Binance's decision to list and remove projects has always attracted much attention. The introduction of the voting mechanism is aimed at increasing transparency and community participation in decision-making. By allowing users to participate in voting, Binance hopes to better reflect the voice of the market and also plays a certain supervisory role for the project party. For the project party, this means not only paying attention to the technological innovation and market performance of the project, but also paying attention to the feedback and support of the community.
For investors, the voting removal incident reminds them to be cautious when investing in cryptocurrencies. The cryptocurrency market is highly uncertain and volatile, and whether a project can continue to trade on a trading platform is one of the important factors affecting its value. When choosing an investment project, investors should not only pay attention to the fundamentals of the project itself, but also pay close attention to the rules changes of the trading platform and the potential risks of the project. As the vote proceeds and the results of Binance's subsequent review are announced, the fate of these projects will gradually become clear, and this will also have a certain impact on the pattern of the cryptocurrency market.
