Is there a bias favorable to the BNB Chain?

However, behind these two initiatives launched by Binance, a crucial question arises: is there a bias in the way the Exchange manages its tokens portfolio? BNB Chain’s native projects dominate the “vote to list” this week, Binance launched its first wave of “vote to list”. Following this announcement, several new tokens of the BNB Chain, including Broccoli, Koma and Bananas31, obtained the possibility of being listed on the largest crypto platform in the world.

An initiative in this way joins what was done by Binance previously, which opened a community vote in order to decide whether to list the PI of Network. Subsequently, Binance made the front page again by introducing the famous “vote to delist”. The first 21 tokens selected to potentially leave the Exchange are Jasmy, Zec, FTT, Elf, SNT, STPT, BAL, ARK, GPS, MBL, Pros, CTXC, Hard, Beta, Cream, Firo, Vidt, Nulls, Troy, Alpaca and UFT. These last events highlight Binance’s ambition to promote decision -making by the community. However, this also raises a crucial question: is there a bias in the way in which the Exchange manages listings and decaling? Indeed, since in this first wave of “vote to list”, the acclaimed tokens are 100 % BNB Chain. So, is it a fair playground for other blockchains? “Voting to delist”: Does Binance promote its ecosystem? Among the first 21 projects selected in the “Voting to Delist” category, only Alpaca is a project based on BNB Chain. The rest concerns cryptocurrencies based on Ethereum, base or other ecosystems. Recently, these tokens were marked by a “surveillance label” because of their low liquidity, the lack of updates of the team or a low community commitment. At this point, the contrast between “voting to list” and “vote to delist” reveals an interesting scheme with a process that seems to lack balance. If the BNB Chain is at the forefront for the “Voting to List” category, it is absent subscribers for the “vote to delist”. Even if the listing criteria (liquidity, project development, community activity) apply to all cryptocurrencies, it would seem after this first wave that Binance promotes its own ecosystem. The “Voting to List” and “Voting to Delist” mechanisms of Binance are significant stages towards governance led by the community. However, the disparity in the representation of blockchains raises concerns about equity in the management of tokens. For the moment, the Exchange said that these two mechanisms were in the test phase; It remains to be seen if modifications arrive soon in order to optimize equity. Morality of history: Binance seeks to help his neighbor while promoting his fellow men. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, BEINCRYPTO undertakes to provide impartial and transparent information. This article aims to provide exact and relevant information. However, we invite readers to verify the facts of their own and consult a professional before making a decision on the basis of this content.

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