**In Brief: Binance Consults Users on Altcoin Delistings**
In an innovative move, the world’s top cryptocurrency exchange, Binance, has recently taken to consulting its user base on which altcoins might be facing the axe from its platform. The latest round of voting has thrown a spotlight on several tokens, including FTT, ZEC, and JASMY, which seem to be at risk according to user sentiment.
Traditionally, exchanges like Binance conduct regular reviews of their listed trading pairs and altcoins, assessing factors such as liquidity and user interest to decide which ones to keep. In a departure from the norm, Binance has now started involving its users in this decision-making process. This democratic approach allowed users with a minimum of 0.01 BNB in their master accounts to voice their opinions in a recent vote that took place between April 10 and 16.
The outcome of this user-driven initiative has put FTX’s token, FTT, at the top of the list of potentially delisted assets, with it garnering 11.1% of the total votes. Interestingly, the value of FTT has dipped by over 4% daily, possibly due to the uncertainty surrounding its standing on Binance. Other tokens like Zcash (ZEC) and JASMY have also been highlighted, receiving 8.6% and 8.2% of the votes, respectively. However, it’s important to note that a high vote against a token doesn’t necessarily seal its fate, as Binance has clarified that the poll results are not the sole factor in determining which tokens get delisted.
Historically, the removal of tokens from major exchanges has led to immediate and significant price volatility, usually trending downwards, for the affected assets.
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