The world’s largest crypto exchange Binance has launched a new initiative for its users and in which Binance Balloting Fashion brought for token listing Is. The exchange has announced the decision of token listing through community voting. In this voting, users of Binance will choose two from 9 different memecoins, including Mubarak and 2 Brocc.koli Token. This step is part of the first announced “Vote to List” project, which aims to increase the participation of Crypto Community.
List and voting process of candidates for binance list
The first voting batch of Binance includes total 9 memecoins. These include two tokens of Mubarak, Bananas31, Bid, Koma, Siren, Tut, WHY and BROCCCOLI. All candidates are based on BNB Blockchain and other tokens will also be included in voting in the future, just the condition is that, they are already listed on Binance Alpha. According to Binance, two most popular Memecoins will be listed during this voting round.
Binance has already appealed to its users to participate in this voting process and choose their favorite tokens. The exchange also clarified that all types of tokens would be included in voting in the future, just its condition is that they are listed on Binance Alpha. Recently, a new review framework of Binance Alpha has also been launched, in which Unqualified tokons will be removed from binanceWith these efforts, Binance believes that this initiative will give a chance to join the community and the listing process will be made more transparent for new tokens.
Increasing popularity of Mubarak and Broccoli MemeCoins
Mubarak, a major candidate of this voting, has recently gained rapid popularity. After the list on Binance Alpha and after its transaction by Binance Former CEO CZ, Mubarak’s market cap has reached $ 200 million in 48 hours. The growing interest of CZ towards this token has made it even more prominent. In addition, Memecoin, called Broccoli, is also involved in this voting, which is an inspiration from the CZ dog. The CZ had already indicated that it would interesting more with some additions of this memecoin, which may increase its hype even further.
However, some criticisms have also been reported against the planning of Binance’s MemeCoins. Critics say that Binance should focus not only Memecoins, but also to more useful and technically advanced tokens. Subsequently, Binance told its users that, the 9 Memecoins that are going to be listed, described them as listed on Binance Alpha and clarified that this voting would prove to be very important for the listing.
Conclusion
This new initiative of Binance will not only increase the community participation, but will also ensure transparency and fairness in the Crypto market. However, despite facing controversies over MemeCoins, Binance is giving importance to its users’ opinion and incorporating it in its decision. In Future, such voting process will give more opportunities to Crypto community and the binance platform will become more user-friendly. This initiative can be a new chapter for the crypto market, in which the role of users will be more important.
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