Binance Announced 17 Tokens in 2nd Vote to Delist Batch

Key Points

• Most tokens recorded significant price drops following Binance’s announcement.
• The voting period started today and will last until April 16.

Binance officially announced its second round of Vote to Delist tokens. The crypto exchange revealed 17 tokens included in the second batch for users to vote.

17 Tokens Included in Vote to Delist Second Round

Here are the digital assets included in the crypto exchange’s second batch of Vote to Delist projects:

1. Zcash (ZEC) – A privacy digital asset that uses the Equihash algorithm
2. JasmyCoin (JASMY) – A data marketplace project, allowing users to sell IoT-generated data to businesses
3. FTX Token (FTT) – FTX’s utility token
4. STP (STPT) – The Standard Tokenization Protocol Network aims to create a decentralized network for the discovery and usage of crypto globally
5. Ark (ARK) – An Interoperable Blockchain Development Platform, offering devs, users, and startups the ability to build their own projects on the ARK network
6. Ardor (ARDR) – A PoS multichain blockchain with parent-child chain architecture
7. GoPlus Security (GPS) – A decentralized layer built to offer blockchain protection
8. MovieBloc (MBL) – A decentralized movie and content distribution platform
9. Perpetual Protocol (PERP) – A decentralized perpetual protocol for assets created by a vAMM
10. NKN (NKN) – A network connectivity protocol and ecosystem powered by blockchain technology
11. Wing (WING) – A DeFi platform that is credit-based, offers a crypto lending market, and supports cross-chain assets and protocol interactions
12. LTO Network (LTO) – A hybrid blockchain features B2B functionalities
13. Flamingo (FLM) – An interoperable full-stack DeFi protocol on the Neo blockchain
14. Biswap (BSW) – A DEX on the BNB Chain
15. Alpaca Finance (ALPACA) – A Lending protocol on BSC enabling leveraged yield farming
16. Voxies (VOXEL) – A free-to-play RPG blockchain game
17. PlayDapp (PDA) – A blockchain gaming platform

Most tokens experienced price drops following Binance’s announcement.

Tokens’ Prices Dropped

For instance, GPS’s market cap dropped from approximately $41 million to $36,9 million immediately after the exchange’s announcement, seeing a drop of over 6% in a short period of time.

VOXEL’s price dropped by 7% following the Binance notes, seeing a drop in market cap from over $7 million to $6,4 million. ARDR’s price dropped by over 5%. Most coins recorded significant price losses today, despite a bullish crypto market.

Binance’s Vote to Delist 2nd Round

This is Binance’s second round of Vote to Delist, and the crypto exchange highlighted for users in its official announcement that they can vote for projects with the Monitoring Tag applied if they want certain projects to be delisted.

The Monitoring Tag applied to a project means that it is highly volatile and at risk of no longer meeting Binance’s requirements and getting delisted from the platform.

Voting Period and User Vote Eligibility

In its official notes, Binance revealed that the Vote to Delist period started today, April 10, at 04:00 (UTC) and it will last until April 16, at 23:59 (UTC).

To be eligible for voting, users have to follow these steps:

• Log in to the Binance account
• Hold a minimum of 0.01 BNB across accounts during the voting period

Each user can vote for up to five projects in this second batch of Vote to Delist tokens, while each verified account can only cast a single vote for a certain project.

» PARTICIPATE IN BINANCE VOTE TO DELIST ROUND «

Conditions for Token Delisting

The crypto exchange also revealed to users that the voting results will not be the only criterion based on which certain projects will be eliminated from the platform.

Binance conducts its delisting reviews based on various factors, including the project’s team and commitment, developments, trading volume, liquidity, network stability and security, new regulatory requirements, and more.

The first Vote to Delist round was announced on April 8 and included 14 tokens.