JASMY Token at Risk of Delisting on Binance — JasmyCoin Community Threatens Lawsuit
Binance’s move to potentially delist the JASMY token has sparked outrage across the cryptocurrency community. The exchange’s decision to put JASMY at the top of a public voting list for potential removal has created a firestorm of criticism, with many claiming the process is inherently biased and manipulative.
A crypto page with more than 30 thousand followers, Team LAMBO, expressed frustration over the situation, pointing out that JASMY’s placement at the top of the voting options gives it a statistical disadvantage. It has a chance of getting 5% more votes without doing anything by just being on the top, they stated, accusing Binance of corruption and calling for the delisting of BNB in retaliation.
JasmyCoin Community Threatens Legal Action
The situation escalated when JasmyUS directly threatened Binance with legal consequences. “Get ready for lawsuits for market manipulation,” they warned. “Having people vote to delist coins is one of the most ridiculous things I have ever heard. You are playing with people’s money, livelihoods and investments. Shame on you!“
This sentiment was echoed by other community members who see the vote as harmful to the entire cryptocurrency ecosystem. The controversy highlights the tension between centralized exchanges and the projects that rely on them for liquidity and visibility.
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Community Rallies in Defense of JASMY
DipMehtaVerse offered a detailed critique of Binance’s approach, arguing that the voting mechanism “promotes more hate within the crypto space.” They emphasized that the process could lead to manipulation, with some projects potentially encouraging their communities to vote against competitors.
“This could lead to some projects telling their community to vote out their competition,” they explained. “Or for some communities to save their coin, they’re forced to buy some BNB just to vote for removal of a coin they did no research on. That’s horrendous!“
@cz_binance @_RichardTeng @binance #jasmy $jasmy
Offering up the opportunity to delist coins is not the best idea. I know the vote will only be used for consideration, but this promotes more hate within the crypto space. It’s one thing to say which coins on the monitoring list…
— DipMehtaVerse (@DipMehtaVerse) March 21, 2025
The community member also pointed out the inconsistency in Binance’s approach, noting that many meme coins without utility aren’t on the monitoring list, while JASMY—which has partnerships with major companies like Sony and Panasonic—faces potential delisting.
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JASMY community is mobilizing to protect their investment through social media campaigns and by encouraging members not to participate in the voting process that could lead to the token’s removal from one of the world’s largest cryptocurrency exchanges.
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