Original | Odaily Planet Daily (@OdailyChina)
In the first quarter of this year, the popularity of BNB Chain has continued to rise, becoming the core focus of the market. Initially, a test token TST from a tutorial video saw its market cap soar 100 times to $500 million in just three days under CZ's "unofficial but tacit" approval. This "TST token experiment" ignited market sentiment and propelled BNB Chain into an explosive phase.
Subsequently, the popularity of BNB Chain further escalated. After Binance secured a $2 billion investment from the UAE sovereign fund MGX, CZ mentioned the term "Mubarak" in a post, reinforcing market confidence and expectations for BNB Chain.
At this moment, Binance launched its first round of voting for new listings, pushing community enthusiasm for BNB Chain to new heights. Next, Odaily Planet Daily will provide an in-depth analysis of the details of Binance's first round of voting, participation pathways, and the phenomenon of "vote buying."
Two out of nine projects selected for Binance listing in the first round
Event Details
According to Binance's official announcement, the first round of voting will last until March 27, and users must hold at least 0.01 BNB to participate. Each user can vote for up to 5 BNB Chain ecosystem tokens. The initial candidate list includes 9 projects: BANANAS31 (Banana For Scale), BID (CreatorBid), Broccoli (Broccoli), Broccoli (CZ'S Dog), KOMA (Koma Inu), SIREN (SIREN), mubarak (mubarak), TUT (Tutorial), WHY (why), and the top two will enter Binance's professional due diligence process.
How to Participate
As long as users meet the requirement of holding at least 0.01 BNB, participating in the voting process is straightforward, as shown in the following images.
Binance voting operation flowchart (1)
Binance voting operation flowchart (2)
Binance voting operation flowchart (3)
Candidate tokens are all listed for contract trading on Binance, with rankings closely tied to price movements
Since the voting event began last week, the rankings of the leading projects have shown a strong correlation with their prices. As all candidate tokens for this round of voting have been listed for contract trading on Binance, "short-term price speculation" has been particularly intense. Although mubarak was the most popular token before this event, it fell out of the top two after being surpassed by SIREN in the voting rankings on Friday (March 21), resulting in a drop of over 15% in 12 hours, while SIREN saw a rise of over 30% in 24 hours after entering the top two.
Data on the top 3 rankings as of March 21
Additionally, there are tokens like TUT that successfully made it onto Binance's first round of voting candidate list. Driven by market sentiment, TUT surged over 100% on the day of voting but subsequently saw its price continuously decline, failing to maintain its upward momentum. As of now, its price has even fallen back to the level before the event started.
As of now, the top three rankings are: "Banana" (BANANAS31), SIREN, and Broccoli (CZ'S Dog).
Community voting mechanism may be accompanied by "vote buying" phenomenon
Whether it's the token issuing team or large holders, no one can refuse the opportunity to list on Binance. In the face of the enormous potential benefits of being listed on Binance, "buying votes" is an inevitable phenomenon to get their "own tokens" listed.
Odaily Planet Daily has received feedback from multiple users indicating that there is indeed a "vote buying" phenomenon, with individuals continuously collecting Binance listing votes over the past few days, with the price per vote ranging from 20 to 50 yuan, currently stabilizing at 30 yuan. In response to the "vote buying" behavior, Binance co-founder He Yi also stated that they would eliminate cheating through vote washing to ensure voting fairness.
Off-market vote collection situation
Many users believe that the voting threshold of 0.01 BNB is too low, making the cost of "vote buying" extremely low, even forming an industrial chain. Additionally, the voting mechanism lacks KYC time limits, further reducing fairness. Moreover, since the voting is not closely related to BNB holdings, the incentive for BNB holders is limited. In contrast, "voting with money" may be more credible than "voting with people" and could better motivate BNB holders to promote the development of the projects they support. Some community members even suggest that "candidates' token holders should vote, as this would better reflect community enthusiasm."
mubarak may have a greater chance of "winning"
Despite the "vote buying" phenomenon, Binance has clearly stated in its announcement that while it will value and consider the voting results, the final decision on listings will still depend on the official review process and standards. In other words, the voting results are not the only factor determining whether a token will be listed on Binance; key indicators such as trading volume, market cap, and community enthusiasm for the candidate tokens may also be important criteria for Binance's consideration, making mubarak potentially more likely to be listed on Binance.
From a data perspective, mubarak is Binance Alpha's "Meme Dragon One." According to Dune data, Binance Alpha 2.0 has surpassed $100 million in trading volume since its launch a week ago, with 31.0% of the trading volume coming from mubarak and 13.1% from TUT.
Trading volume share chart since the launch of Binance Alpha 2.0
From a social perspective, CZ has frequently mentioned mubarak. From CZ retweeting Binance's official tweet with the caption "Mubarak🌛" to community users posting memes like "MUBARAK = CZ," CZ personally retweeted and added "😂" to boost its popularity. He then dug up a 2021 tweet about "Inshallah" and pinned it, further reinforcing the connection to Middle Eastern culture. Following that, he posted "Going to meet a friend this weekend" on Binance Square with related Mubarak memes, and finally changed his X account avatar to bind more closely with Mubarak.
CZ retweeted Binance's official tweet with the caption "Mubarak🌛"
CZ's series of actions demonstrate his fondness for the mubarak meme, while also bringing significant traffic to this token.
So, after the first round of voting for new listings on March 27, will Binance directly list the top two projects from the voting, or will it set other additional conditions to choose the more fundamentally solid mubarak? Odaily Planet Daily will continue to monitor and provide the latest reports.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
