Binance, a leading global cryptocurrency exchange, recently concluded its first “Vote to Delist” batch, a pioneering initiative designed to empower its community in shaping the composition of tokens listed on the platform.
Notably, this move signifies a notable advancement toward community-driven governance within the dynamic cryptocurrency landscape.
Binance Empower Community with Governance
Binance has announced the results of its first community vote regarding token delisting. Following the conclusion of the “Vote to Delist” process and Binance’s subsequent due diligence review, the exchange will remove a total of fourteen tokens. Effective April 16, 2025, Binance will delist BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT.
The specified delisting date is April 16, 2025, at 03:00 UTC, at which point trading on all spot pairs involving these tokens will cease. Binance will discontinue accepting deposits of the aforementioned tokens after this date. Withdrawals for the delisted tokens will be supported until June 9, 2025, at 03:00 UTC.
The voting process saw a total of 103,942 votes cast by 24,141 participants. After filtering out 10,262 invalid votes, due to factors such as suspected fake accounts or exploitative behaviors, 93,680 votes were deemed eligible.
Moreover, certain tokens, such as TROY (4,985 eligible votes) and SNT (3,533 votes), received a significant number of votes in favor of delisting, indicating a strong community sentiment for their removal. Other tokens, including BADGER and BAL, also met the delisting threshold based on Binance’s internal review.
Furthemore, it is worth noting that the $FTT token ranked third on the “Vote to Delist” list, garnering over 10,000 votes, yet remains listed on Binance.
Vote to Delist Ultimate Power
The announcement of the delisting results indirectly triggered an immediate price surge for FTT. This outcome prompts some community members to question Binance’s specific process and criteria for determining which tokens it ultimately delists from the platform.
In 2025, Binance introduced the “Vote to Delist” initiative, a new mechanism to increase community participation in token listing management. Users holding at least 0.01 BNB can participate in the voting process. The initiative aims to remove tokens, especially those designated to the “Monitoring Zone,” from the platform. They flag tokens in this zone because of potential risks like low liquidity or a lack of transparency.
Nonetheless, while the community’s input carries significant weight, Binance retains the final authority in the decision-making process, conducting an internal review to ensure a balanced approach that incorporates user feedback while upholding the platform’s quality standards.
