Community-Driven Decisions
Binance, the world’s biggest crypto exchange, now lets its users vote on which tokens should be listed or removed. The exchange will first choose projects for the community to vote on. Tokens with the most votes will go through Binance’s review process. If approved, they’ll be added to the platform.
Monitoring Problematic Projects
Projects that break rules, stop updating progress, or have inactive teams will be moved to Binance’s “monitoring zone.” Once there, the community can vote to delist them. This system aims to keep the platform safe and trustworthy.
Why This Matters
The crypto market has exploded, with over 12.4 million tokens now existing—up from 11 million in February. Too many tokens make it harder for investors to choose wisely. Some experts worry this flood of new projects could hurt crypto prices or delay an “altcoin season” (a period when smaller cryptocurrencies surge in value).
Other Exchanges Adapt Too
Coinbase CEO Brian Armstrong recently said listing every new token isn’t practical anymore. With 1 million tokens created weekly, Coinbase plans to use a mix of community feedback and blockchain data to decide which projects to approve. Armstrong also warned regulators that approving each token individually is impossible.
The Big Picture
As crypto grows, major exchanges like Binance and Coinbase are shifting power to users and automated systems. This could help filter out low-quality projects while letting the community shape the future of crypto.
Key Terms:
- Listing: Adding a token to an exchange.
- Delisting: Removing a token from an exchange.
- Monitoring Zone: A watchlist for risky projects.
