Original | Odaily Planet Daily ( @OdailyChina )
Author | Asher ( @Asher_0210 )
Binance Launches Second Round of Voting for Coin Listings
List of listed tokens and market capitalization
According to official news, Binance has launched the second round of voting for coin listings, which will last until April 10. Users can participate in the voting on Binance Square. The winning projects will be listed for spot trading after review. The candidate tokens include: VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, PLUME, a total of 12 popular crypto projects.
Unlike the first round of candidate tokens, most of which were Meme projects and BNB Chain ecological tokens, this round of candidate token projects covers multiple tracks such as AI, DeFi, infrastructure, RWA, etc. This may indicate that the voting mechanism will become one of Binances normalized listing methods. As of writing, based on on-chain data, the unit price, circulating market value, and full circulating market value of the second round of candidate tokens are as follows:
Second round candidate token secondary data overview
It is not difficult to find that compared with the candidate tokens in the first round of voting, the market value of candidate tokens in this round is generally higher. Among them, ONDOs current circulating market value has reached 2.4 billion US dollars, ranking first among all candidate tokens; even BIGTIME, which has the lowest market value, has exceeded 100 million US dollars. This also indirectly shows that Binance is more inclined to choose medium-sized projects with a certain market foundation and user consensus in this round of voting, so as to further increase the attention of the listing activities and the intensity of community competition.
How to participate
As long as you are a real user who holds at least 0.01 BNB, the specific voting process is very simple. First, find Square under the Information column of Binance, then find the Binance Square Official account and find Vote in the top content, and finally choose your favorite project from the 12 candidate projects in the second phase to vote. The specific operation process is as shown in the figure below.
Binance voting flow chart
Binance’s First Voting Event Review
According to official information, in the first round of voting on Binance, BANANAS31 ( 19.4% ) and WHY ( 18.8% ) ranked first and second respectively. However, surprisingly, WHY did not appear in the final launch list. Instead, Binance launched four projects at once: MUBARAK, BROCCOLI 714, TUT and BANANAS31 , which exceeded the expectations of most users.
From the perspective of price trends, due to the overall downturn in the current market, insufficient liquidity, lack of strong narrative support and other factors, the projects listed on Binance did not bring about an obvious wealth effect. Among them, the price of MUBARAK, the most popular meme project during the voting stage, did not rise but fell after it was launched, and continued to weaken.
So, after the second round of voting for listings ends on April 10, will Binance continue the first round and launch four projects, or will it make adjustments based on the situation in this round? This remains to be seen. In addition, what is the relationship between the listing tokens and the voting rankings? Odaily Planet Daily will continue to pay attention and bring the latest reports.
The popularity of vote-swiping outside the venue exceeded that of the first round
Although the short-term performance of the first round of tokens in the market was not satisfactory, listing on Binance spot trading is still widely regarded as a strong endorsement and liquidity blessing. Once the market picks up, the potential profit space is considerable. For this reason, even though the overall market sentiment is cold, the voting for listing still attracts a lot of attention, and the operation of voting continues.
The popularity of this round of voting even surpassed the first round. According to feedback from many OTC users, the demand for this round of voting has increased significantly, and the market price of collecting tickets has also risen - the price in the first round was mostly maintained at around US$5, while this round has generally risen to US$7. If the tickets are sold in bulk at one time, the price can even reach US$7.5 or higher.
Off-site ticket collection
In addition, the three projects of IP, ATH and SAFE not only received support from many KOLs in the community media, but also had an extremely strong demand for ticket collection off-site.
The “autonomy experiment” of voting for coin listing is still in the exploratory stage
Finally, let us look forward to the future direction of Binance’s voting mechanism for listing coins, which may present three completely different situations.
The ideal situation is that community members vote based on real consensus, driving truly promising projects to stand out; at the same time, the anti-cheating mechanism built by the platform plays a role in effectively curbing vote-rigging behavior, thereby creating a set of governance paradigms that can be used as a reference for the industry.
However, in a more pessimistic scenario, large investors manipulate the voting results and send low-quality projects to the exchange stage; some speculators may even gain profits by shorting all candidate projects, thereby triggering a large-scale decline in small and medium-sized market value tokens and disrupting market order.
What is more likely to occur is a complex and ambiguous intermediate state: although high-quality projects with potential can occasionally be selected, fraud such as vote-rigging still occurs from time to time, and Binance has to continue to revise mechanisms and optimize rules to maintain the credibility and participation of voting.
Overall, this “autonomy experiment” of voting for coin listing is still in the exploratory stage, and its success or failure will directly affect Binance’s openness in the coin listing mechanism and community participation model.
