Pi Network has failed to make it to Binance’s Vote to List initiative for the second time, leaving enthusiasts in limbo. Despite 12 tokens being up for community voting, Pi Network was noticeably absent from the list. Binance considers factors such as vote count, trading demand, risk assessment, and compliance checks when selecting tokens for listing. The tokens selected for this round include VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME, focusing on utility tokens across various verticals.
Binance excluded Pi Network from its first edition of the Vote to List initiative back in March. The exchange clarified that only BNB-based projects would be allowed to participate, dampening the hopes for Pi Network enthusiasts. While Pi did not make it to the Vote to List program, there is still hope for community members as Binance could potentially list Pi through a direct listing in the future. However, a timeline for this listing is currently unknown.
Experts believe that the lack of transparency from The PiCoreTeam (PCT) may be one of the reasons why Binance has not listed Pi Network. Binance criticized PCT for failing to provide proper disclosures on the Pi Network’s locking and burning mechanism. Despite not being listed on Binance, Pi Network recently secured a major listing on the BTCC Exchange, bringing the token closer to being listed on mainstream exchanges. Additionally, the PCT’s domain auction has garnered over 200,000 bids, indicating strong community interest in the project.
The price of Pi has been underwhelming recently, dropping nearly 5% in the last day to trade at $0.6646. This marks the first time in over a month that Pi has dropped below the $0.7 mark. While the future listing of Pi on Binance remains uncertain, the project’s listing on other exchanges and the community’s continued support suggest that there may still be opportunities for Pi to gain traction in the market. As the crypto space continues to evolve, Pi Network and its community will be closely watching for any developments regarding potential listings and partnerships.
