Binance's new round of voting lists, the price of off-market ticket swiping has risen

Author: Asher, Odaily Planet Daily

Binance starts the second round of voting and coin listing activities

List of online tokens and market value

According to official news, Binance has launched the second round of voting and listing activities, which lasts until April 10. Users can participate in voting in Binance Square. The winning projects will be reviewed and will be launched on spot trading. The candidate tokens include: VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, PLUME, a total of 12 popular encryption projects.

Unlike the first round candidate tokens that are mostly Meme projects and are all BNB Chain ecological tokens, this round of candidate token projects cover multiple tracks such as AI, DeFi, infrastructure, RWA, etc. This may indicate that the voting listing mechanism will become one of Binance's normalized listing methods. As of writing, according to on-chain data, the unit price, circulating market value, and fully circulating market value of the second round of candidate tokens are as follows:

 A list of second-level data for candidate tokens in the second round

It is not difficult to find that compared with the candidate tokens in the first round of voting and listing activities, the market value of this round of candidate tokens is generally higher. Among them, ONDO's current market value has reached US$2.4 billion, ranking first among all candidate tokens; even BIGTIME, with the lowest market value, has exceeded US$100 million. This also indirectly shows that Binance prefers to choose medium-sized projects with certain market foundation and user consensus in this round of voting, so as to further increase the attention of coin listing activities and the intensity of competition in the community.

How to participate

As long as real users who meet the conditions of holding at least 0.01 BNB, the voting process is very simple. First, find the "Platform" under the Binance "Information" column, then find the Binance Square Official account and find the "vote" in the top content type. Finally, select the 12 items candidates in the second issue to vote. The specific operation process is as follows.

 Binance voting flow chart

Binance's first vote on currency activity review

According to official information, in Binance's first round of voting, BANANAS31 (19.4%) and WHY (18.8%) ranked in the top two respectively. However, unexpectedly, WHY did not appear on the final list of online launches, and instead Binance launched four projects at once: MUBARAK, BROCCOLI 714, TUT and BANANAS31, which exceeded the expectations of most users.

Judging from the price trend, due to the overall market sluggishness, insufficient liquidity, and lack of strong narrative support, the launch of Binance projects did not bring about a significant "wealth effect". Among them, MUBARAK, the Meme project, which was the most popular in the voting stage, did not rise but fell after it was launched, and continued to weaken.

So, after the second round of voting and coin listing activities on April 10 ends, it remains to be seen whether Binance will continue its first round of practices and finally launch four projects, or whether it will adjust according to the situation in this round. In addition, what will happen to the relationship between online tokens and voting rankings? Odaily Planet Daily will also continue to pay attention to and bring the latest reports.

Off-the-counter "ticket swipe" is more popular than the first round

Although the short-term performance of the tokens launched in the first round was not satisfactory in the market, the launch of Binance spot trading is still widely regarded as a strong endorsement and liquidity blessing. Once the market rebounds, the potential profit space is considerable. Because of this, even though the overall market sentiment is cold at present, the voting and coin listing process still attracts a lot of attention, and the operation around "vote swiping" continues.

The popularity of this round of voting even surpassed the first round. According to feedback from many OTC users, the demand for voting in this round has increased significantly, and the market price of "ticket collection" has also risen - the first round prices mostly remained around US$5, while this round has generally risen to US$7. If you "sell tickets in batches" at one time, the price can even reach US$7.5 or higher.

 Off-site ticket collection

In addition, the three projects of IP, ATH, and SAFE not only received a lot of KOLs’ call support from the community media, but also had an extremely strong demand for off-site “ticket collection”.

The "autonomous experiment" of voting to list coins is still in the

exploration stage

Finally, let’s look forward to the future direction of Binance’s voting currency listing mechanism, which may present three completely different situations.

The ideal situation is that community members vote based on real consensus to promote truly potential projects to stand out; at the same time, the anti-cheating mechanism built by the platform plays a role to effectively curb vote swipe behavior, thereby creating a reference-based governance paradigm for the industry.

However, in a more pessimistic scenario, large investors manipulate the voting results and instead send inferior projects to the exchange stage; some speculators may even obtain profits by shorting all candidates, which in turn triggers a large-scale decline in small and medium-sized tokens and disrupts market order.

What is more likely to appear is a complex and vague intermediate state: although high-quality projects with potential can be selected occasionally, fraudulent behaviors such as vote swiping still occur from time to time, and Binance has to continue to revise the mechanism and optimize the rules to maintain the credibility and participation of voting.

Overall, this "autonomous experiment" of voting to list coins is still in the exploration stage, and its success or failure will directly affect Binance's openness in the listing mechanism and community participation model.