Binance to Trial its Community-Driven Delisting Mechanism

Binance is set to trial its new community-driven approach to the delisting process.

In a March 20 customer update, the crypto exchange announced the launch of its “Vote to Delist” mechanism, allowing users to vote on which tokens should be removed from the platform. The initiative is being tested with a selected set of tokens starting today, March 21, 2025, at 06:30 UTC. The voting period will run until March 27, 2025, at 23:59 UTC. To participate, users must log in to their verified Binance accounts and hold at least 0.01 BNB throughout the voting period.

Each user can vote for up to five projects from the “Vote to Delist” pool, with a limit of one vote per project. Votes must be cast exclusively under the official post on Binance Square Official, where real-time updates will be provided.

Binance clarified that while community input is important, voting results will not be the sole factor in determining a token’s removal. The final decision will rest with Binance following a thorough internal review. The exchange noted it would consider factors such as development activity, trading volume, network stability, and community engagement. Regulatory compliance and any signs of unethical or fraudulent behaviour will also influence the decision. Also, projects already scheduled for delisting will not be eligible for voting.

The exchange encouraged users to assess a project’s long-term viability, team activity, and public communication before casting their votes.

Participation in the voting process is not available to residents of certain countries, including the United States, United Kingdom, Germany, Nigeria, Japan, and several others, due to local regulations. Additionally, Binance warned that votes cast from bulk-registered or sub-accounts would be disqualified, and any users found tampering with the voting process could face penalties.

Meanwhile, Binance has announced the removal of five tokens: Aergo (AERGO), AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA). These will be delisted on March 28, 2025, at 11:00 AM (UTC+8).

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