Binance, the largest centralized exchange, has introduced a community co-governance structure that enables users to vote for the listing or delisting of tokens on its platform. The exchange will present selected projects to the community for voting. Tokens accumulating the most votes will be listed after due diligence. Projects that do not provide regular updates, engage in misconduct, or have inactive teams will be moved to a 'monitoring zone,' where users can vote to delist them. This initiative comes amid a surge in the number of cryptocurrencies, now totaling over 12.4 million, raising concerns about market dilution and value competition among projects. In response to this explosion of new token listings, Coinbase's CEO has indicated a need to rethink their listing process.

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