Binance to democratize crypto listings and delistings

The community of Binance will now have comments on which the tokens are listed on the exchange and which are deleted from the platform.

The largest centralized exchange of crypto, binance, plans To democratize its token list procedure and radiation “to offer users more opportunities” on the digital asset market.

The eligibility for the vote will force users to hold at least 0.01 (Bnb) to vote a list project in the Alpha observation area, or down a token for radiation via the surveillance area. Projects with community support must always adopt reasonable diligence on Binance before the list. Existing projects can also be self-history in the future, according to the CEX.

“For projects that have completed their TGE (generation of tokens) for a certain time but which are not yet in the Alpha observation area, we will present an auto-nomination application method, with details to announce later.”

Binance announcement

Last year, Binance exploited the mania of the room even to list a basket of tokens on its platform. The division occurred within the community of cryptography trade, because the registration criterion was not clear.

Speculators have guessed that the generation of costs from trading has prompted several lists. Another rumor said that the projects have greased the palms of Binance for a seat at the table. “Binance does not take registration fees,” said the company on March 6.

In related news, the Crypto Cex truck asked best safety Practices after the Record of Bybit of $ 1.4 billion. In addition, the American Commission for Securities and Exchange interrupted Litigation against society to find a mutual resolution.