Pi Network Listing on Binance to be Decided By Community Vote
Binance has just opened up rare community votes to determine whether to list PI networks. With the approaching release of the mainnet, PI has developed into a global phenomenon, and the list can increase its reputation.
However, the project also has critics, some of whom call it the Large Pyramid Project. A troubled release could seriously undermine the credibility of hosting its communications.
Will Binance list PI networks soon?
Since 2021 PI network has always been one of the most ambitious people and highly anticipated crypto projects. After spending several years on the closed mainnet, PI’s open network will be launched this week.
This has caused a crazy hype in the crypto community, and now Binance is joining, allowing users consider List pi.
“We have been listening to vibrant discussions in the community about the PI network. To make sure users are heard, binance is launching a community vote. We invite users to participate and share their views on the topic.”
Normally, When binance liststhe price is high, but Pi Crazy hype has been happening all. Last week, hype Causing its price to rise by 78%Community analysts currently believe that the issuance price of a token will be Between $61 and $70.
Of course, if the super attractiveness continues, this number may grow.
In addition, for binance, the community vote for token listing is extremely rare. Communication has been Highly criticized listing policy recent. This is due to the early listing of low-market cap meme coins, which usually looks like a pumping and lowering scheme. Even former CEO CZ criticized his listing policy.
However, using PI networks, Binance adopts an extremely cautious and aggressive strategy. this vote It will end on February 27th, a week after the mainnet is released. Therefore, the list may not happen immediately.
“Users must hold at least $5 in their exchange account to qualify for votes. Each user can vote once during the voting period. The release of the project is still under evaluation and the decision will be based on our official Review process and standards,” Binance wrote.
PI has swept the cryptocurrency community for several reasons. During a closed mainnet, new users can only mine tokens after referrals from active users.
With a total of 100 billion tokens, mining rewards are easy to get, and recommendations can further speed up. Major exchanges like Binance can provide a huge official release for the PI network.
However, if you want to list PIs, Binance may face some obstacles. this Tokens face vortex of controversy. So far, PI has used its ease of mining to attract a large number of cryptocurrencies to launch and has stood out in China in particular.
The Chinese government has made a firm view on the project. OKX has been warned not to list.
still, PI network has its defenders. Its proponents point to factors such as its KYC compliance and the functionality of the L1 blockchain. Additionally, major exchanges like OKX and BITGET have agreed to launch PI, and Binance will further increase this reputation.
Nevertheless, it is difficult to distinguish these good defenses from the social media supporters of the PI tribe.
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