Binance opened community voting for potential token listings today. The exchange’s users will vote to select two out of nine meme coins, including Mubarak and two Broccoli tokens.
The other candidates are BANANAS31, BID, KOMA, SIREN, TUT, and WHY. All these tokens are on the BNB Chain, but future votes will allow any token, provided that it’s been listed on Binance Alpha.
Will Binance List MUBARAK?
Binance, the world’s largest crypto exchange, can dramatically impact the market with its token listings. Earlier this month, the exchange claimed that it would begin hosting community votes to decide future listings.
This plan has already become a reality, as Binance announced its first round of voting today.
“We now invite users to participate and vote on the first batch of Vote to List projects… on Binance Square Official. The first batch of Vote to List is exclusively for BNB Smart Chain-based tokens. Future voting rounds will expand to include all tokens featured in Binance Alpha,” the exchange claimed.
The round will decide between nine different meme coins, two of which will receive the coveted listing. So far, the list contains a few favorites.
Mubarak, one of the candidates, has burst onto the scene recently. After it was listed on Binance Alpha and former CEO CZ transacted with it, Mubarak shot up to a $200 million market cap in 48 hours.
MUBARAK Price Chart Since Launch. Source: TradingView
Binance’s former CEO has influenced several of the voting options. Two of the nine choices are themed after his dog, Broccoli, and part of a larger Broccoli-themed meme coin race.
Also, CZ suggested that he “will likely interact with a few of the more popular” Broccoli meme coins, helping fuel continued enthusiasm.
However, not everyone agrees with Binance’s new community-driven strategy. The exchange was already facing criticism for its meme coin listings, and this happened before it announced community voting.
Additionally, the exchange’s last community vote went in favor of Pi Network, but Binance never actually listed the asset.
Overall, the company has been taking its critics seriously regarding meme coin listings. Binance reminded its community that all nine voting candidates had already been listed on Binance Alpha and that listing votes would be a strict requirement.
Hopefully, this new program will foster community engagement and maintain Binance’s quality standards.
