World’s largest crypto change Nation Vote Casting Style brought for Binance token listing Was and now after this it has now brought Vote to Delist Campaign, tell that this is the first Vote to Delist Campaign, under which Binance will delist 14 tokens on April 16 from its platform. Binance has taken this decision based on the result of its first ‘Vote to Delist’ round. These tokens include Badger, Bal, Beta, Cream, CTXC, ELF, Firo, Hard, NULS, PrOS, SNT, Troy, UFT and VIDT. Binance has made an official announcement on this on 8 April today, stating that the step was taken after the result of internal review and voting by the community.
93,000 votes in ‘Vote to Delist’ round
According to binance Round Total 103,000 votes were cast in, out of which 93,000 votes were considered valid. More than 24,000 users participated in voting, each of which was required to have at least 0.01 BNB of owners to cast their votes. This voting was organized to make binance users with the aim of forming a participation in the decision of token delisting. Binance says that the main reason for delisting these 14 tokens is not to follow their trading volume, lack of project, lack of community participation and internal or regulatory standard of platform.
Low trending volumes and tokens on the base of regulatory standards
Binance made it clear that the tokens that were not delivered in this round can be removed in the future if they Standards If we do not meet. The decision is mainly taken on the base of the internal standard of Binance, which are aimed at ensuring the safety of stability and investors in the market. In addition, Binance also delisted the Tether from the European Economic Area under the new crypto-regulations of the European Union, so that it could follow MICA (Markets in Crypto-Property) Regulation.
Binance has also said that all these 14 tokens will be removed from 03:00 UTC on April 16 in the morning and deposits will also be suspended for these tokens. However, users can remove these tokens from their account by 9 June. Subsequently, Binance will convert any remaining amount into stables.
Conclusion
Binance’s ‘Vote to Delist’ campaign is an important step for Crypto Community, which not only makes users strong to maintain the quality of the platform, but also makes it fair and transparent. This step indicates that Binance proclaims its users’ safety and siteness and ensures that only those tokens are placed on platforms that follow their standards and global regulatory requirements. In Future, this initiative can also be an example for other exchanges, which will give importance to the community in the decision to list and delist on its platform. Along with this, if you want to know in detail that What is binance So, you can read by clicking on this link.
Also read:Memefi day-to-day codes for November 15, Aron Virtual Coin
