Binance has announced the first batch of tokens in its “vote to list” campaign, among them are the memecoins Mubarak and Broccoli.
The announcement follows the recent unveiling of the community co-governance campaign by Binance, the world’s largest cryptocurrency exchange.
Users within the Binance ecosystem can vote to help decide which tokens list on the exchange or are removed as per set due diligence guidelines. Holders of BNB BNB
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BNB, welcomed the move and Binance has now released the first batch of “vote to list” tokens.
According to the exchange, this inaugural list will exclusively feature tokens in the BNB Chain ecosystem. However, this will expand in future voting rounds, with tokens in Binance Alpha also added.
Binance will consider several metrics or factors before adding tokens to the pool, including project fundamentals, user adoption, tokenomics and technical risk assessment. A review of the team and compliance are also key considerations.
“We are now opening Vote to List for the following projects, from which two tokens will be selected for listing on Binance after completing our official due diligence and procedures,” the exchange noted in the announcement.
