TLDR
- FTT leads Binance’s “Vote to Delist” with 11.1% of votes.
- Zcash and JasmyCoin are also at risk with high vote shares.
- Binance is reviewing 17 tokens, including VOXEL and ALPACA.
- Binance clarified that votes alone won’t trigger delistings.
- Zcash sparked discussions on privacy coins and regulatory issues.
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 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.
Binance’s second batch of token #delisting voting ended: #FTT (11,1%), #ZEC (8,6%), #JASMY (8,6%), #GPS (8,2%), and #PDA (7,6%) pic.twitter.com/mWazp6ONtv
— Fanos Crypto (@FanosCrypto) April 17, 2025
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. 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 received 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 raised 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 reflects growing user participation in token governance. While FTT leads the vote share, 17 altcoins are now under enhanced evaluation. According to Binance, the process will remain guided by internal standards despite the outcome of community polls.
#Altcoins #Risk #FTT #Tops #List
