- Binance launches the Vote to List campaign, allowing users to vote on new token listings.
- First round focuses on Binance Smart Chain tokens, with future expansions to Binance Alpha.
- Binance Launchpool introduces Nillion for farming, with trading starting March 24, 2025.
Crypto exchange Binance has introduced its first-ever Vote to List campaign. On Wednesday, in an X post, the platform revealed that this new plan puts all the power in the hands of users as they get to decide which new tokens should be added to the platform. Binance continues to expand decentralization and community contributions to its listing list of tokens, allowing the public to vote on the choices.
The first round of voting for various tokens will entail voting only on the Binance Smart Chain (BNB). Subsequent rounds will add all tokens within the Binance Alpha, an indication of tokens selected for listing in the Binance Wallet. This is a part of Binance’s ongoing attempts to implement initiative-co-governance systems, including Vote to List and Vote to Delist.
Token Selection Criteria
Binance, responding to the selection criteria for listing tokens stated that several criteria are used including token adoption rate, business model, token supply, token demand, market capitalization, and security challenges. It also considers the audit history of the token and the vesting schedules. Binance noted the Vote to List campaign is not a substitute for the normal identification process but is an additional way of engagement in the community.
The tokens that are eligible for this round are BANANAS31, BID, Broccoli, CZ’s Dog, KOMA, SIREN, Mubarak, TUT, and WHY. These tokens are already featured on Binance Alpha which functions as an initial listing pool.
In order to vote, a user must have at least 0.01 BNB in their master account and a verified Binance account. A user can vote for a maximum of five tokens. The voting will take place between March 19, 2025, 17:00 UTC and March 26, 2025, 16:59 UTC.
Binance clarified that the results of the Vote to List campaign would be shown in real time but would not determine the final listing decision. Further reviews and due diligence will still be required before any tokens are listed on the exchange. Binance also assured users that non-selected tokens can participate in future rounds.
Related: CZ Calls Binance Alpha 2.0 A “Brilliant Move” for Bridging CEX and DEX Trading
Binance Launches Nillion
In addition to the Vote to List campaign, Binance has announced the launch of Nillion (NIL) on its Launchpool platform. NIL is a decentralized network focused on secure data processing and privacy-preserving storage. Users can begin farming NIL tokens by staking BNB, FDUSD, and USDC starting March 21, 2025, with trading to begin on March 24, 2025. The listing of NIL underscores Binance’s commitment to offering innovative blockchain solutions.
