Binance's New Voting Mechanisms Spark Fairness Concerns

Binance has recently introduced two new mechanisms, "Vote to List" and "Vote to Delist," which aim to empower the community to decide on token listings and delistings. However, these initiatives have raised questions about potential bias in how Binance manages its token portfolio.

On March 20, 2025, Binance launched the first batch of "Vote to List," which resulted in the listing of several new BNB Chain tokens, including Broccoli, KOMA, and BANANAS31. This process was similar to how Binance had previously opened a vote for the community to decide whether to list Pi Network’s Pi Coin.

The following day, on March 21, 2025, Binance introduced "Vote to Delist," targeting 21 tokens for potential delisting. These tokens included JASMY, ZEC, FTT, ELF, SNT, STPT, BAL, ARK, GPS, MBL, PROS, CTXC, HARD, BETA, CREAM, FIRO, VIDT, NULS, TROY, ALPACA, and UFT. Interestingly, only ALPACA belongs to the BNB Chain, while the rest represent other blockchain ecosystems such as Ethereum and Base. These tokens were flagged with a "Monitoring Tag" due to issues like low liquidity, lack of team updates, or weak community engagement.

This disparity between "Vote to List" and "Vote to Delist" reveals an interesting pattern. While BNB Chain tokens dominate the listings, the delisting process seems to target projects from other blockchains. This raises concerns about the fairness of Binance's token management, as non-BNB Chain projects may struggle to compete with the inherent advantages of tokens within the BNB Chain ecosystem.

Binance's listing criteria, which include liquidity, project development, and community activity, apply to all tokens. However, the current mechanisms may not provide a level playing field for projects from different blockchains. Binance has stated that these initiatives are part of a trial phase, and it remains to be seen whether adjustments will be made to ensure a more balanced approach or if BNB Chain tokens will continue to enjoy a privileged position on the exchange.