Main notes
- Binance provides a voting system made by society for the distinctive symbol.
- This step follows criticism on the last MIM lists.
- Binance deletes five symbols, which are not eligible for the new voting initiative.
The Binance Crypto Exchange launches a new system that is driven by society and allows users to vote on the symbols that must be removed from the platform. The move comes in response to the increasing criticism of the last MeEme lists on the stock exchange.
The last Meme Coin mutation has seen a wave of symbolic lists across the main stock exchanges, including Binance. However, many of these distinctive symbols, which are only weeks old, have threw more than 85 % of their peak value.
This has been fueled by allegations that the exchanges enable investors and the first informed to empty their property at inflated prices, leaving retailers with great losses. In February, the founder of Binance Changpeng Zhao admitted that the exchange list is “a little broken”.
As a result, Binance turns towards a more transparent and democratic deletion process. You can now participate in the introduction recently “Voting to deletion” program On the official Binance Square platform.
Participation criteria
To participate, you must fulfill certain criteria: they need to keep at least 0.01 BNB in their accounts and are recorded in the verified Binance profiles. There is one vote for each project, with a maximum of five votes for each user.
It is worth noting that the cryptocurrencies that have already been announced for removal will not be eligible to vote.
Although the results of the vote in the actual time, Binance has made it clear that the inputs of society will not be the only factor that determines the deletion.
The Stock Exchange will also conduct a comprehensive internal review, given the volume of trading, liquidity, development activity, network security, public communication, and comprehensive transparency before making a final decision.
Binance spoils five symbols
Meanwhile, Binance also revealed that it had crashed five cryptocurrencies after a routine evaluation. The affected symbols are Aergo (Aergo), Airswap (AST), BurgerCities (Burger), Combo (Combo), and linear financing (LINA).
The stock exchange stated that these symbols failed to meet the regulatory standards. The effect will be issued on March 28, at 3:00 AM UTC, after which all topical trading pairs of symbols will be removed.
The Binance Futures sites for Aergo, LINA and Combo will be closed and settled by March 27, at 9:00 am International time. After this date, the stock exchange will remove these icons from Binance Simple Conceion and other investment products.
By March 28, 2025, Binance Convert & Trading Bots will not support the shattered cryptocurrency. The stock exchange advised users who hold these assets to manage their sites before the deadline.
It is important to note that these symbols will not be eligible to get the new initiative to vote on the deletion.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
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