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- Binance has unveiled another batch of tokens to be delisted from the exchange after 24,141 verified users showed up to vote under its “Vote to Delist” campaign.
- The exchange has highlighted that more of this exercise would be carried out in the future to only maintain high-quality projects on the website.
On March 7, 2025, Binance announced the introduction of a new voting mechanism that encourages the participation of users in the listing and delisting of tokens. As we previously mentioned in our report, the plan is to only maintain high-quality projects under all categories on the website. In this case, five tokens – BurgerCities, COMBO (COMBO), Aergo (AERGO), AirSwap (AST), and Linear Finance (LINA), were earlier delisted on March 21.
Today, Binance has announced the results of another “Vote to Delist” campaign that involved several tokens and the participation of thousands of users. Based on the announcement, 14 tokens would be removed from the site on April 16, and this would include ELF, UFT, HARD, BAL, BETA, FIRO, SNT, PROS, TROY, etc.
According to Binance, these tokens were compiled based on multiple factors, including their average trading volume and liquidity, the level of commitment of the team, rampant complaints with evidence of fraud or negligence, community engagement, active communication, as well as transparency.
In the latest voting exercise, 24,141 people reportedly participated. Meanwhile, 103,942 votes were received. Binance also highlighted that the results were subjected to a strict process to filter out ineligible inputs.
Votes rendered invalid were reportedly submitted by fake accounts. Fascinatingly, the team also declared some votes invalid due to the use of exploitative actions to breach the exchange code, bulk activities using device farming, and harmful operations such as fraud. In a nutshell, 10,262 votes were declared invalid while 93,680 votes were found eligible.
According to an official release by Binance, users would no longer find the affected tokens in their accounts after the specified period. Instead, these assets would be converted into stablecoins. Even so, Binance warns that this is not guaranteed.
Important Notice to Future Participants of Binance’s Vote to Delist Program
Binance has explained in its latest blog post that users eligible to participate in future exercises must have a verified account and hold at least 0.01 BNB. Under the requirements, users are also allowed to vote on up to five projects in each round while ensuring that the exercise is done under the official post of Binance Square.
Binance has also introduced another campaign known as “Vote to List”. Unlike the previous one, this would enable users to participate in the process of listing highly potential projects. While the initial exercise only focuses on projects based on the BNB Smart Chain, future voting rounds would focus on tokens listed in the Binance Alpha.
In this case, consideration would be given to projects with better performance metrics such as adoption, business model, and sector relevance. Additionally, the team would look at the tokenomics, secondary market performance, technical risk assessment, team background as well as compliance review. As highlighted in our previous article, Binance recently selected MUBARAK, BROCCOLI, TUT, and BANANA for listing after thousands of verified users showed up to vote.
Apart from this groundbreaking move, the exchange has introduced other features to improve trading between Decentralized Exchange (DEX) and Centralized Exchange (CEX), as detailed in our last news piece.
