Binance Completes Second Phase of “Vote to Delist” Campaign, Targeting FTX Token (FTT)

Binance has completed the second phase of its “Vote to Delist” campaign, a community-focused initiative allowing users to vote on tokens

Binance has completed the second phase of its “Vote to Delist” campaign, a community-focused initiative allowing users to vote on tokens under review for potential removal from the exchange. The campaign, which began in March, provided a platform for traders to express their preferences regarding 20 crypto assets.

As the dust settles on the second round of voting, data from the initiative reveals the tokens that have drawn the most attention from the Binance community. In total, over 200,000 users participated in the voting process, casting over 700,000 votes.

The native token of the now-defunct FTX exchange, FTX Token (FTT), received the highest share of votes, accounting for 11.1% of total submissions. This figure places FTT as the most targeted asset in the latest round.

FTT has remained under pressure since the collapse of the FTX platform in late 2022. The token has experienced significant price depreciation and decreased trading activity in 2025. According to current data, FTT dropped 4.1% in the past 24 hours, bringing its value to approximately $0.81.

However, despite the results, Binance emphasized that voting outcomes will not be the sole factor in deciding a delisting. Final evaluations will follow the exchange’s internal project review framework.

Other Altcoins Under Potential Review

Apart from FTT, several other altcoins also drew a high volume of votes. Zcash (ZEC) and JasmyCoin (JASMY) collected 8.6%, placing them just behind FTT in user concern. GoPlus Security (GPS) secured 8.2% of the vote, while PlayDapp (PDA) followed closely with 7.6%.

These tokens are now being monitored further by Binance’s internal teams. The selection of these projects highlights the ongoing scrutiny faced by tokens with high volatility or uncertain use cases. Binance applies Monitoring Tags to these tokens to indicate additional risk and inform users about possible changes.

Wider List of Tokens Facing Community Scrutiny

Beyond the top five, a broader range of 17 tokens has been identified in this round of voting. These include Voxies (VOXEL), Alpaca Finance (ALPACA), STP Network (STPT), ARK, Biswap (BSW), Flamingo Finance (FLM), MovieBloc (MBL), Wing Finance (WING), Ardor (ARDR), Perpetual Protocol (PERP), NKN, and LTO Network. Each of these received between 2.9% and 7.1% of the vote.

While these projects attracted lower vote shares, their inclusion signals a decline in user confidence. Binance’s vote-based review process aims to reflect shifting sentiment in the broader market. Nevertheless, the platform clarified that votes alone do not guarantee any action. Each asset will be assessed based on trading volume, risk exposure, development activity, and market demand.

Zcash Inclusion Triggers Community Response

Zcash’s inclusion on the list drew notable attention due to its focus on privacy. The token, often recognized for its zero-knowledge proof technology, saw 8.6% of the vote. This led to increased discussion across online platforms about the role of privacy coins in centralized exchanges. Some community members expressed concerns about the potential impact on privacy-focused technologies in regulated trading environments.

In response, Binance reiterated that the results of the community vote are just one component of a broader internal assessment. The platform confirmed that any final decision regarding ZEC or other tokens would be based on internal monitoring and compliance standards. This ensures all potential delistings meet Binance’s operational, regulatory, and technical thresholds.

Binance’s latest “Vote to Delist” campaign underscores the evolving dynamics of community engagement in cryptocurrency governance. As the industry continues to mature, platforms like Binance are integrating user feedback into their decision-making processes. This initiative, which began in March, provided a platform for traders to express their preferences regarding 20 crypto assets.

The initiative saw participation from over 200,000 users, who collectively cast over 700,000 votes. The results of the second phase of the "Vote to Delist" campaign will be followed closely by the crypto community as they provide insights into the most discussed and requested delistings.

The post Binance’s ‘Vote to Delist’ Campaign: FTT Most Targeted in Second Batch as 17 Tokens Face Delisting Potential appeared first on ChainEdge.

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