Binance Launches Second Round of “Vote to Delist” to Involve Community in Token Reviews

Key Takeaways:

• Binance opens second round of community-driven “Vote to Delist” campaign from April 10 to April 16.
• Users can vote on tokens flagged with the Monitoring Tag, potentially influencing delisting decisions.
• Delisting outcomes will also depend on Binance’s internal review criteria beyond community votes.

The largest cryptocurrency exchange in the world by trading volume, Binance is giving more weight to its attempts to include the community in the governance of listing. Binance officially announced on April 10 that it would conduct the second round of its Vote to Delist campaign. The campaign invited users to take part in creating the token landscape of the exchange.

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Community Voting to Influence Delisting Decisions

Binance introduced Vote to Delist alongside Vote to List as part of its co-governance mechanism, allowing users to have a say in which tokens should be removed from the platform. The exchange now calls on its verified users to participate in this initiative by voting on eligible tokens marked with a Monitoring Tag, signaling projects under review.

However, Binance made it clear that community votes will not be the sole determinant of a token’s removal. Final delisting decisions will be made following a comprehensive internal review process.

Voting Details and User Requirements

To participate in the Vote to Delist, users must meet certain criteria:

• Have a verified Binance account with at least 0.01 BNB kept in exchange accounts throughout the voting time.
• From April 10, 04:00 UTC until April 16, 23:59 UTC, the voting window runs.
• Each user can cast votes for up to five different projects, with only one vote allowed per project.
• Voting must be done under the official Binance Square post; only votes cast there will be counted.
• Projects already scheduled for delisting are excluded from this round.

Binance also emphasized compliance with its Terms and Conditions. Users engaging in prohibited behaviors, such as bulk registration or vote manipulation, risk disqualification.

Binance’s Internal Review Criteria

Although the Vote to Delist provides a powerful voice for the community, Binance relies on a robust set of internal metrics when evaluating tokens. These include:

• Project team’s commitment and public transparency.
• Trading volume and liquidity over time.
• Development activity and innovation rate.
• Responsiveness to due diligence requests.
• Network stability and history of security incidents.
• Evidence of unethical or fraudulent conduct.
• Tokenomics changes or unjustified supply increases.
• Regulatory compliance and new legal frameworks.
• Sentiment and engagement levels within the community.

This multi-layered approach helps Binance maintain a balanced marketplace that prioritizes quality projects while responding to user concerns.

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Voting and Eligibility Restrictions

Participation in the Vote to Delist is restricted by geographic location. Users in certain jurisdictions, including but not limited to the United States, United Kingdom, Germany, Singapore, Japan, and Canada, are not eligible due to local regulations. Binance states this list may evolve based on regulatory updates or operational decisions.

Disqualified users—such as those with tampered software or violating Binance’s voting code—will have their votes removed from the final count.

Impact on the Market and Future of Governance

The Vote to Delist mechanism marks another step toward Binance’s vision of community co-governance in Web3. It offers active traders and long-term holders a way to express concerns about struggling or inactive projects and can serve as an early signal for the broader crypto community.

For projects under the Monitoring Tag, community sentiment now plays a larger role than ever. Developers are expected to ramp up communication, demonstrate activity, and ensure full compliance with Binance’s standards to avoid delisting.

Binance has not disclosed how many projects are up for review in this round, but voting results will be updated in real time via the Binance Square Official channel. Still, these results remain provisional until the internal review concludes.

Voting Period

• April 10, 04:00 UTC – April 16, 23:59 UTC
• Vote now via Binance Square (Official Post to be made public shortly after the announcement)

Binance encourages users to stay informed, review project fundamentals, and vote responsibly. As the platform continues to refine its governance models, community involvement is expected to remain a core part of how tokens are curated and managed.