Binance recently launched two mechanisms that allow the community to decide lists of tokens (vote on the list) and crimes (vote when setting up).
However, behind these two initiatives, a critical question arises: is there a bias in the way Binance manages his portfolio of tokens?
BNB channel projects dominate “vote for the list”
On March 20, 2025, Binance launched the first batch of “Voting to the list”. Following this announcement, several new BNB chain chips, including broccoli, koma and bananas31, obtained their lists on the world’s largest exchange.
This is similar to the way Binance opened a vote for the community to decide to list the PI corner of the PI network.
A day later, on March 21, 2025, Binance again made the headlines by presenting “vote for the implementation”. The first 21 tokens selected for potential cancellation were Jasmy, ZEC, FTT, ELF, SNT, STPT, BAL, ARK, GPS, MBL, Pros, CTXC, Hard, Beta, Cream, Firo, Vidt, Nulls, Troy, Alpaca and UFT.
These events highlight Binance’s ambition to grant more decision -making power to the community. However, they also raise a critical question: is there a bias in the way Binance manages his portfolio of token? While the BNB channel dominates “Voting to List”, “Voting to delimit” really provides fair playground for projects from other blockchains?
“Vote to delimit”: is Binance favorable to its ecosystem?
Interestingly, only alpaca belongs to the BNB channel among the 21 targeted tokens for radiation. The others represent Ethereum, base and other blockchain ecosystems. These tokens were reported with a “surveillance label” due to low liquidity, the lack of team updates or low community commitment.
At this point, the contrast between “voting to the list” and “voting to the establishment” reveals an interesting model. The process seems to lack balance in the diversity of blockchain, potentially promoting the BNB chain in announcements while targeting external projects for radiation.
At the same time, although Binance’s registration criteria, such as liquidity, projects development and community activity, apply to all tokens, non -BNB chain projects often find it difficult to compete with the inherent advantages of tokens in the ecosystem of the BNB chain.
The “voting on the list” and “voting to radiation” mechanisms of Binance are important stages towards community -oriented governance. However, the disparity in the representation of the blockchain raises concerns concerning equity in the management of tokens.
Binance currently says that this is a trial. It remains to be seen if Binance will make adjustments to ensure a playground more level or if the BNB chain will continue to benefit from a privileged position in exchange.
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