Cryptocurrency trading platform Binance, the largest exchange by trading volume, is adopting a new listing model. This innovative approach allows the community to play an active role in listing decisions by holding BNB tokens. In response to the negative impacts of volume-driven listings, Binance is taking steps to be more community-friendly.
Binance and Upcoming Altcoin Listings
The Binance exchange will kick off its community voting mechanism with the first round of voting starting tomorrow. Users wishing to participate in the voting must hold at least 0.01 BNB. Each account can cast a maximum of 5 votes, and each project is limited to just 1 vote per user.
The first voting round will take place from March 20 to March 27. Investors will decide on listings for 9 cryptocurrencies on the BNB Smart Chain. After the results are determined, Binance will proceed with the listings following an evaluation of two tokens. Future voting rounds will include all tokens on Binance Alpha, allowing investors to capitalize on potential gains by investing early in included cryptocurrencies.
The complete list of the nine projects is as follows:
- BANANAS31 (Banana For Scale)
- BID (CreatorBid)
- Broccoli (Broccoli)
- Broccoli (CZ’S Dog)
- KOMA (Koma Inu)
- SIREN (SIREN)
- mubarak (mubarak)
- TUT (Tutorial)
- WHY (why)
