Binance entrusts traders the power of life or death on crypts

Binance, although centralized crypt exchange, is directed towards decentralization with its brand new participating management system. Users can now vote for the list or deceptive digital assets directly affecting the market. The aim of this initiative is to greater transparency and increased community commitment. What specific impacts on investors and projects? Dive into detail.

Binance revolutionizes a list with a community vote

After notification of downloading several stablecoins in Europe, Mastodon from CEX introduced Two new features: “Vote on the list” and “Voting on Dest”. You want to vote, just At least 0.01 BNB. Thanks to this mechanism, projects with strong support of the community of power will be seen by daylight in binance, while spiritual cryptos can be released.

But everything is not that simple. If it seems that the idea democraticThe reality could be quite different. Projects with large communities will have an undeniable advantage and will remain new on the tile. As he emphasized:

” Voting according to the number of users promotes large communities. Voting according to value supports whales and large capitalizations. He will always be dissatisfied. »»

To make the whole transparent, Binance now shows budgets on the list and distributes tokens planned in the form of airdrops. Other new products include exclusive opportunities through Binance wallet and timely access to hand -selected projects Web3.

Real blessing for investors? Or playground for large carriers?

Will the election era be: the community will be able to dictate extracts?

The connection of users could redistribute the market card, but several questions remain unanswered. Will altcoins with high potential really benefit from this update, or will we see the MEME cryptos tidal wave? Because let’s be honest, The power of community is hugeAnd some eccentric currencies can make the law.

Some key points This new system:

• Voice requiring at least 0.01 BNB to users;
• Before putting on the record of projects selected in the “voting fund”;
• Supervision of inactive or suspected cryptos through a “monitoring zone”;
• Cancellation of price ceilings in market trading;
• Exclusive action for holders of binance wallet.

Finally, this mechanism could well strengthen the credibility of cryptocurrency Eliminating dubious projects.

But how can we avoid manipulation of voices organized groups? The future will tell us.

Decentralization or illusion? The limits of a participating model

If we believe binance, the goal is clear: ‘ Close cooperation with the community creates more value for users and project teams. »»

However, there will be some concerns. What if the promised decentralization was just a facade?

Crypto The same rules as the list : Community vote and verification in exchange. However, some projects could find themselves for legitimate reasons, but simply because of insufficient popularity. Not to mention the famous “whales”, these large investors are able to influence the market with several million.

Will bring new tools like Launchpool, Megadrop or Pre-Market Trading Great opportunities. However, it remains to be seen whether it will benefit everyone or just a handful of privileged. Binance wants to strengthen its ecosystem and at the same time offer users more control.

Successful bet? It’s still too early to say that.

In mid -February, Binance has already tested this model with a massive vote on a coin without letting the community permanently settle. General test before passing the overall administration?

Mikaia A.

Blockchain and crypto revolution! And the day when the impacts will be felt on the most vulnerable economy of this world, I would say against all the promises that I was there for something

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.