![]() ![]() ![]() One interesting thing to point out is that although the Binance DEX listing fee has been set to 2,000 BNB (currently, according to CryptoCompare, worth around $45,580), originally Binance CEO Changpeng Zhao (aka “CZ”) was thinking of making the listing fee on Binance DEX be around $100,000, as he mentioned in his first Ask Me Anything (AMA) session on February 7: “The trading pairs will be live immediately after this request is completed.”īinance says that the “listing application, project information, vote results and all community interaction will be public on the Binance Chain Community Forum,” that the decisions of the Binance Chain Validators (who are the only ones with the power to vote) are “purely based on public information in the forum,” and that there is no other way “for projects to contact Binance Chain Validators.”.“If the vote is passed, the Token Issuer will need to initiate a ‘List’ transaction on-chain (2,000 BNB fee) within the timeframe specified in the proposal, while the previous 1,000 BNB deposit will be refunded back to the proposing user.”.“Denied proposals will lose all the funds deposited, however this result will only occur in rare circumstances when there is relatively clear fraud, scam or spam.”.“Proposals are denied if one third of the Validators vote ‘NoWithVeto’ or if half of the Validators vote ‘No’.”.“The 1,000 BNB deposit will be refunded if the majority of Validators vote for ‘Abstain’.”.“Binance Chain Validators can vote for either ‘Yes’, ‘No’, ‘NoWithVeto’, or ‘Abstain’ within the time period specified in the proposal request.”. ![]() “At least half of the voting power is required to vote ‘Yes’ for the proposal to be accepted.”.“If the Vote passes in Step 3 (majority ‘Yes’), the 1,000 BNB deposit will be refunded.”.“Proposals that do not receive sufficient deposits within this timeframe will not be able to move on to the voting stage and their deposit will not be refunded.”.“Once the proposal request is sent, Token Issuers will need to deposit at least 1,000 BNB within 2 days.”.“Once the proposal request is submitted, Token Issuers must post the Proposal ID to their proposal thread in the forum as a ‘reply’.”.“Token Issuers must request BNB as the quote asset for their first trading pair.“Token Issuers must initiate an on-chain Proposal Request (fee of 10 BNB) to list a trading pair for a token.”.“It is recommended that this public thread contain full answers to the Binance DEX Token Listing Submission Criteria…”.“It is recommended that Token Issuers first create a thread under the “Token Issuance & Listings” category in the Binance Chain Community Forum.”.The Binance DEX listing process consists of the following steps: Binance, which has been criticized like most other centralized exchanges for having an opaque listing process, is hoping that the new “transparent and community-driven” listing process for Binance DEX will finally satisfy most if not all of its detractors. On Thursday (April 25), Binance unveiled guidelines for listing tokens on Binance DEX, its new decentralized exchange, and said that these guidelines would enable Binance DEX “to facilitate a larger number of crowd-vetted projects, hopefully listing 10x more tokens than currently listed on .”ĭespite what some people think, issuing a token on Binance Chain does not mean that the new token will automatically get listed on Binance DEX. ![]()
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