Binance Announced 14 Tokens in 1st Vote to Delist Batch

Key Points

• Binance will delist the tokens on April 16.
• The first batch includes BADGER, BAL, BETA, CREAM, CTXC, ELF, FIRO, HARD, NULS, PROS, SNT, TROY, UFT, and VIDT.

Binance announced the completion of its first Vote to Delist round. As a result of the vote, the crypto exchange will delist 14 tokens.

Tokens Included in 1st Vote to Delist Batch

Here are the tokens included in Binance’s first round of Vote to Delist:

1. Badger DAO (BADGER) – An open-source, decentralized automated organization that builds products and infrastructure related to Bitcoin use as collateral across smart contract platforms
2. Balancer (BAL) – A DeFi protocol that provides permissionless technology to streamline AMM development and offers liquidity providers with DEX products
3. Beta Finance (BETA) – A permissionless money market on Ethereum for borrowing, lending, and shorting crypto
4. Cream Finance (CREAM) – A decentralized DeFi lending protocol for individuals, institutions, and protocols to access financial services
5. Cortex (CTXC) – An open-source P2P decentralized blockchain that supports the upload and execution of AI models on the distributed network
6. Aelf (ELF) – An AI-enhanced L1 blockchain that leverages the C programming language for its multi-layered architecture
7. Firo (FIRO) – A crypto focused on being private digital cash, formerly known as Zcoin
8. Kava Lend (HARD) – A decentralized money market built on the Kava Platform for lending and borrowing cross-chain assets
9. NULS (NULS) – A blockchain infrastructure that provides customizable services and a global open-source community blockchain project
10. Prosper (PROS) – A platform that bridges institutional-grade Bitcoin mining power on-chain
11. Status (SNT) – A mobile and desktop OS and decentralized browser with a messaging system
12. Troy (TROY) – A global prime broker specialized in crypto trading and asset management
13. UniLend (UFT) – An AI blockchain protocol that enables communities to create and co-own functional on-chain AI agents
14. Vidt DAO (VIDT) – A blockchain that leverages timestamping technology and operates as an open-source platform

The digital assets included in the list above experienced price drops following Binance’s announcement. For instance, CREAM experienced a price drop of over 45% after the crypto exchange released the voting results.

VIDT’s price dropped by around 30%, BADGER’s price declined by around 10%, and FIRO’s price dropped by around 40%. All tokens included in the list are down considerably today.

Factors Considered by Binance For Token Delisting

These tokens were selected for delisting based on Binance’s evaluation of multiple factors, including the following:

• Vote to Delist results
• The team’s commitment to the project
• Development activity’s level and quality
• Trading volume and liquidity
• The networks’ stability against attacks
• The projects’ level of public communication, community engagement, and transparency
• The projects’ responsiveness to periodic due diligence requests
• Unethical or fraudulent behavior
• New regulatory requirements
• Changes of the projects’ ownership structure or core team members
• Community sentiments

Binance also noted that the tokens included in the first Vote to Delist batch that weren’t selected to be delisted are still at risk for being delisted later if they fail to meet the necessary requirements of the exchange.

The crypto exchange wrote in its official announcement that the community voting results came after a total of over 24,000 participants voted in the round, and over 103,000 votes were received.

The vote verification process excluded invalid votes, and eligible votes included users who held 0.01 BNB starting from the voting period.

Binance introduced the Vote to Delist and Vote to List mechanisms to enhance the community’s participation in the listing/delisting processes of the tokens on the exchange.