JASMY, Zcash, and FTX Token face potential delisting on Binance

Binance has announced the first batch of “Vote to Delist” tokens, adding top altcoins such as JasmyCoin (JASMY), Zcash (ZEC) and FTX Token (FTT).

The exchange said these first tokens in the community co-governance initiative on listing and delisting have monitoring tags. Binance’s first-ever “Vote to Delist” list of tokens is up for community voting starting March 21, 2025.

“Binance will trial the new delisting mechanism with a community-driven approach and we now invite users to participate and vote on the first batch of Vote to Delist projects.

Users can vote on projects with the Monitoring Tag that they wish to be delisted,” the exchange noted in the announcement.

JASMY, Zcash among tokens to be voted on

Data marketplace project JasmyCoin, privacy driven cryptocurrency Zcash and FTX ecosystem utility token FTT are the top tokens in this batch.

The others include artificial intelligence-enhanced layer 1 blockchain aelf (ELF), Ethereum-based messaging platform Status (SNT), digital assets platform Standard Tokenization Protocol Network (STP) and decentralized exchanged and automated market maker Balancer (BAL).

Eligible BNB holders will also vote on ARK, GoPlus Security, MovieBloc, Prosper, Cortex, Kava Lend and Cream Finance among others.

The vote to delist campaign empowers Binance users with at least 0.01 BNB in their trading accounts to vote for the tokens they want to see removed from the exchange. Voting begins on March 21 and runs through March 27, 2025. 

However, as Binance explains in its announcement, the vote is not the final decider of what tokens will get delisted.

“While we value and will take into consideration the vote results, the voting result will not be the sole deciding factor to determine the final delisting decision. Monitoring of the project is still undergoing evaluation, and the decision will be determined by Binance based on our official review processes and standards. Additionally, the delisting timeline will depend on Binance’s procedures,” Binance noted in a disclaimer.

JASMY, ZEC and FTT pare gains

Most of the tokens in the vote to delist batch have witnessed some downside pressure in the past 24 hours. 

JASMY had declined 7% in the last 24 hours, dropping to $0.013 as traders reacted to the potential delisting threat.

The selling pressure has JasmyCoin price down 37% in the past month.

ZEC experienced a 5% dip to trade at $32.62 at the time of writing.

The privacy-focused coin has also pared 5% in the past 30 days.

Meanwhile, FTX Token was down 3.6% to $1.24, extending losses over the past month to 38%.

Binance’s decision to involve its community in the listing and delisting process, albeit not as final decision makers, adds a layer of transparency. 

Recently, the exchange announced the first batch of “vote to list” tokens, all from the BNB Smart Chain ecosystem.

The exchange also asked its community to vote on whether Binance can list Pi Network’s native token PI.

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