Binance has completed its second community-driven “Vote to Delist” campaign, identifying FTX Token (FTT) as the main candidate for potential delisting. During the voting, which took place from April 10 to April 16, 2025, FTT received 11.1% of the vote. Other tokens such as Zcash (ZEC) and JasmyCoin (JASMY) also faced scrutiny. Despite the votes, Binance will rely on its internal review process for final delisting decisions.
Binance, the leading cryptocurrency exchange, has wrapped up its second round of the community-driven “Vote to Delist” campaign, with the FTX Token (FTT) emerging as the primary candidate for delisting. The voting process took place from April 10 to April 16, 2025, during which FTT received 11.1% of the votes cast by users, signalling serious concerns over its viability.
This initiative is part of Binance’s overall strategy to engage its community in governance, allowing users to vote on tokens that are marked with a Monitoring Tag due to higher volatility or risk. Although user votes are significant, Binance has stated that final decisions regarding delisting will be based on their internal review standards, and not solely on the voting results.
Given FTT’s leading position in the voting results, it faces a considerable risk of being delisted, particularly following the fallout from the FTX exchange’s bankruptcy in November 2022. The token’s price has seen a decline of 4.1% recently, trading at approximately $0.81, reflecting market sentiment regarding its delisting potential.
Additional tokens in the voting round include Zcash (ZEC) and JasmyCoin (JASMY), each earning 8.6% of the votes, followed by GoPlus Security (GPS) (8.2%) and PlayDapp (PDA) (7.6%). These tokens also experienced price drops, with JASMY and STPT (5.9%) suffering around 6% declines.
Other notable tokens and their respective votes include Voxies (VOXEL) with 7.1%, Alpaca Finance (ALPACA) at 6.3%, and STP Network (STPT) at 5.9%. Flamingo Finance (FLM) received 4.3%, while additional vote percentages include ARK (ARK) with 5.8%, Biswap (BSW) 5.5%, MovieBloc (MBL) 4.2%, and Wing Finance (WING) 3.8%.
While the voting outcome is still provisional, it could indicate significant challenges for FTT and other flagged tokens. Market participants are advised to closely follow Binance’s final decisions in light of these voting results and potential ramifications for the affected tokens.
