In a bold move to promote community-driven governance, Binance has rolled out a new “Vote to Delist” initiative, giving users a chance to weigh in on which tokens should be removed from its Monitoring Zone. The feature launched on March 21, 2025, marking a significant step toward greater transparency — though it comes with limitations and an important caveat: the final decision still lies with Binance.
How ‘Vote to Delist’ Works
The Voting Zone centers around cryptocurrencies that are currently on Binance’s Monitoring Zone list — tokens identified as potentially problematic due to issues like low liquidity, inactivity, or concerns regarding project development and sustainability.
Voting Requirements and Process
To participate, users must meet the following criteria:
- Have a verified Binance account
- Maintain a minimum balance of 0.01 BNB throughout the voting period
- Vote between March 21 and March 27, 2025, ending at 23:59 UTC
- Submit votes under the official post on Binance Square Official
Each eligible user can vote to delist up to five tokens, but only one vote is allowed per project. This measure ensures fairness and helps Binance gauge the collective sentiment across its user base.
Tokens in the Crosshairs
At the time of the announcement, 27 cryptocurrencies were listed in the Monitoring Zone. Among the more prominent names were:
- JasmyCoin (JASMY) – Market cap: $636 million
- Zcash (ZEC) – Market cap: $502 million
- FTX Token (FTT) – Market cap: $399 million
While these tokens have not been delisted yet, their presence in the Monitoring Zone puts them at risk, depending on user votes and Binance’s internal review process.
Voting Isn’t Everything
Despite empowering users with voting rights, Binance emphasized that community votes are only one part of a broader delisting assessment. The exchange will continue to perform its own in-depth analysis based on:
- Project activity and development updates
- Trading volume and liquidity
- Regulatory compliance and legal standing
- Commitment and transparency from the project’s team
Binance has previously delisted high-profile tokens such as Monero (XMR), Filecoin (FIL), and Internet Computer (ICP) due to these criteria — regardless of user sentiment.
Immediate Delistings: Five Tokens Dropped
Alongside the launch of the new feature, Binance announced the removal of five tokens from its platform:
- Aergo (AERGO)
- AirSwap (AST)
- BurgerCities (BURGER)
- COMBO (COMBO)
- Linear Finance (LINA)
These tokens will officially be delisted at 11:00 AM (UTC+8) on March 28, 2025. The market reaction was immediate and severe. BURGER saw the most significant decline, dropping 48.1% within two hours of the announcement. The remaining tokens experienced losses ranging between 5% and 35%.
Wider Market Impact
The delisting news hit during an already bearish moment in the broader crypto market. Major assets were also facing downward pressure:
- Bitcoin (BTC): -2.48%
- Ethereum (ETH): -4.25%
- XRP (XRP): -1.23%
- Solana (SOL): -7%
- Cardano (ADA): -4%
As of press time, the total cryptocurrency market capitalization had fallen by 3.8%, sitting at $2.85 trillion.
A Step Toward Decentralized Governance?
With “Vote to Delist,” Binance is taking a notable step toward user-inclusive decision-making. While the final call remains centralized, involving users in the process signals a willingness to align with community sentiment. However, the long-term effectiveness of this approach — especially in maintaining listing quality without being influenced by coordinated campaigns — remains to be seen.
As Binance users exercise their new voting power, one thing is certain: the landscape for altcoins on major exchanges just got more democratic — and more competitive.
