Binance Delisting Vote Targets FTT, ZEC, and JASMY—Are These Tokens in Trouble?

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Cryptocurrency investors are closely watching Binance’s latest “Vote to Delist” campaign, which has placed several high-profile tokens under scrutiny. The second round of voting recently concluded, with FTX Token (FTT), Zcash (ZEC), and JasmyCoin (JASMY) emerging as top contenders for potential removal from the world’s largest crypto exchange by volume. While the vote reflects community sentiment, Binance emphasizes that final decisions will be based on a comprehensive internal review—not public opinion alone.

This initiative marks a significant shift toward user-influenced governance in the crypto space. By allowing its user base to participate in listing decisions, Binance aims to enhance transparency and align its offerings with market demand. However, the implications of such a process go beyond mere token listings—they touch on investor confidence, regulatory compliance, and long-term project viability.

FTT Tops the Delisting Poll Amid Lingering Fallout

FTT, the native token of the now-defunct FTX exchange, led the delisting vote with 11.1% of total votes. This outcome is hardly surprising given the token’s turbulent history following the collapse of FTX in November 2022. Once valued at over $20, FTT now trades around $0.81—a staggering decline that underscores persistent market skepticism.

The recent 4.1% price drop during the final day of voting suggests that traders remain wary of holding an asset so closely tied to a failed exchange. Despite attempts at rebranding and ecosystem revival, FTT continues to struggle with credibility and utility concerns. Many users question whether the token still serves a meaningful purpose outside its controversial past.

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ZEC and JASMY Face Growing Community Doubts

Zcash (ZEC) and JasmyCoin (JASMY) followed closely behind FTT, each securing 8.6% of votes for delisting. While both tokens have established histories and unique value propositions, they appear to be losing favor among Binance users.

Zcash, known for its privacy-focused zk-SNARK technology, has faced criticism over declining adoption and limited integration into mainstream DeFi platforms. Despite Binance itself utilizing zero-knowledge proof technology in some of its infrastructure, ZEC’s relevance in today’s market is being questioned. Regulatory scrutiny around private cryptocurrencies may also be influencing voter sentiment.

JasmyCoin, a Japan-based project aiming to empower data ownership through blockchain, has similarly struggled with engagement and real-world use case traction. Though it enjoyed a surge in popularity during the 2021 bull run, JASMY has since seen reduced trading volume and developer activity—factors likely contributing to its inclusion in the delist discussion.

Other Tokens Drawing Investor Concern

Beyond the top three, several other tokens received notable support for delisting:

These projects span various sectors including gaming, DeFi, and security tools, but share common challenges: declining prices, low liquidity, or lack of recent updates. Additionally, Flamingo Finance (FLM) and Biswap (BSW) have seen their values dip amid growing uncertainty about their future on Binance.

The broader trend indicates a maturing market where users prioritize sustainable ecosystems over speculative hype. Investors are increasingly demanding transparency, active development, and clear utility from listed assets.

How Much Weight Does the Vote Really Carry?

While Binance promotes the “Vote to Delist” campaign as a community-driven process, it has made clear that the final decision rests with its internal review team. Voting results serve as one input among many, including:

This hybrid approach balances democratic input with operational prudence. It prevents manipulation while still acknowledging user feedback—a crucial step in maintaining trust in centralized platforms.

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What This Means for the Crypto Industry

Binance’s delisting initiative could set a precedent for other exchanges looking to improve listing quality and reduce risk exposure. In an industry rife with low-utility tokens and abandoned projects, mechanisms like this help filter out underperformers and protect retail investors.

Moreover, the campaign highlights a growing trend: users want accountability. They’re no longer willing to accept passive listing policies that allow inactive or problematic tokens to linger indefinitely. Transparency in listing and delisting processes is becoming a competitive advantage.

However, concerns remain about potential manipulation or coordinated voting campaigns. Without strict eligibility criteria for participation, there’s a risk that large holders or rival projects could influence outcomes unfairly.

Core Keywords

Frequently Asked Questions

Q: Does winning the delisting vote mean a token will definitely be removed from Binance?
A: No. Winning the vote does not guarantee delisting. Binance conducts an internal assessment considering multiple factors before making a final decision.

Q: Why is FTT still listed on Binance after the FTX collapse?
A: As long as a token meets Binance’s listing standards—such as liquidity, trading volume, and security—it can remain listed. However, ongoing scrutiny may lead to changes.

Q: Can users appeal a delisting decision?
A: There is no formal appeals process for individual users. Projects can engage with Binance’s listing team to address concerns and potentially reapply.

Q: How often does Binance hold delisting votes?
A: The frequency isn’t fixed. Binance runs these campaigns periodically based on market conditions and platform needs.

Q: What happens if my token gets delisted?
A: If a token is delisted, trading pairs are removed after a notice period. Users are advised to withdraw funds before the deadline to avoid access issues.

Q: Is this vote a sign of increased regulation?
A: Not directly, but it reflects proactive risk management in anticipation of stricter global crypto regulations.

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Final Thoughts

The latest Binance delisting vote signals a turning point in how major exchanges manage their digital asset offerings. Tokens like FTT, ZEC, and JASMY are facing renewed pressure—not just from markets, but from the very communities meant to support them.

While no immediate removals have been announced, the writing may be on the wall for projects that fail to demonstrate ongoing value. For investors, this serves as a reminder to evaluate holdings not just on price momentum, but on fundamentals: innovation, adoption, governance, and long-term vision.

As the crypto ecosystem evolves, expect more platforms to adopt similar user-informed models. The era of unchecked listings may be coming to an end—and that could be good news for market integrity.