The world's largest cryptocurrency exchange, , released an announcement yesterday (7th) stating that will upgrade its listing mechanism, including:

• When a project has a dedicated listing budget, will disclose it in its listing announcement and continue to distribute the tokens within the budget to users through various forms of airdrops. does not charge a listing fee.
• Launching a "Voting for Listing" and "Voting for Delisting" mechanism to increase community participation, giving users more say in the listing process.
• Providing direct access to the Alpha observation area for TGE (Token Generation Event) projects exclusive to the wallet.

Binance Voting Mechanism for Listing and Delisting

Regarding this upgrade, emphasizes that its newly launched voting mechanism for listing and delisting will help users increase their participation in the listing process, with detailed information including:

1. Voting for Listing

• Users can vote for the projects they want to be listed on , and the projects with the highest votes that pass due diligence will be listed on . will select projects from the market and the Alpha observation area to enter the voting pool.
• Voting eligibility: Users need to hold at least 0.01 in their main account.
• For projects that have completed the TGE (Token Generation Event) for some time but have not yet entered the Alpha observation area, will launch a self-nomination application process.

2. Voting for Delisting

• Users can vote to delist projects from the monitoring area. Projects that lack product development updates, have inactive communities and teams, fail to regularly update progress, increase token supply without due process, or pose significant risks to users, will be placed in the monitoring area.
• In the future, will also move projects that fail to disclose relevant token information to the monitoring area.
• Voting eligibility: Users need to hold at least 0.01 in their main account.
• The details of how users can vote to delist projects from the monitoring area will be announced when the mechanism is officially launched.

Binance Listing Methods

It is worth noting that stated that this mechanism is not limited to spot listing, and the specific listing channels include:

• Launchpool
• Megadrop
• HODLer Airdrop
• Spot Listing
• Pre-trading Listing

In addition, projects that meet the following conditions can actively participate in the application and submit the online listing application form:

• Undervalued market cap with growth potential
• Solid product foundation and technical innovation
• Sustainable business model and solid fundamentals
• Active and highly engaged community
• Long-term vision and strong sense of responsibility to the industry

Binance Alpha

Finally, emphasizes that for the Alpha observation area, projects that exclusively conduct TGE (Token Generation Event) on the wallet will directly enter the Alpha observation area.

However, when the performance and demand of the tokens in the Alpha observation area decline, may remove multiple tokens at the same time, so users should pay attention to potential risks and participate cautiously.

How does CZ evaluate?

Regarding this update, , the founder of , stated when asked by the community for his views that he did not understand the specific operation of this mechanism, but he said:

Voting by user count would benefit larger communities.

Voting by value would benefit whales and large-cap projects.

Regardless, the communities of delisted projects will always complain.