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Binance Introduces Community Driven Token Model

Binance has introduced a community co-governance model, allowing users to vote on token listings and delistings to improve transparency and quality control.

Empowering Users

After the community had been asking for such a model for years, Binance is finally letting users vote on which tokens should be listed or removed. Pre-selected projects will go through due diligence after voting.

 

 

Source: X (@binance)

 

In related news, the cryptocurrency exchange also created a “monitoring zone” for underperforming projects, which users can vote to delist.

 

More Control But Higher Risk

As new tokens continue to flood the market, both Binance and Coinbase are exploring new methods for evaluating projects with real value. Coinbase’s CEO Brian Armstrong also discussed moving towards a hybrid approach for listings.

While the new model gives traders more control, it does however open the door for manipulation risks, particularly pump-and-dump projects. Brian stated that every exchange must adapt to stay relevant.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.

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