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Binance, the global platform for digital asset trading, has decided not to include Pi Network in its recent “Vote to List” campaign. This initiative allowed users to vote on which of the nine nominated projects would be listed on the exchange. As a result, questions have arisen about PI Coin’s exclusion from the campaign.
Why Was Pi Network Excluded?
The decentralized listing initiative launched by Binance aims to determine which tokens will be listed through community participation. The campaign is limited to projects on the BNB Smart Chain network, which led to Pi Network’s disqualification since it operates on its own blockchain.
According to an official statement from Binance, the “Vote to List” campaign is exclusively for projects on the BNB Smart Chain.
“Our Vote to List campaign is focused solely on projects on the BNB Smart Chain” – Binance
Among the nine projects included in the campaign were BANANAS31, BID, Broccoli, CZ’S Dog, KOMA, SIREN, Mubarak, TUT, and WHY. Each project has its ecosystem, and some tokens have garnered significant attention in their communities. The meme-oriented nature of many of these projects has drawn criticism from some users regarding the platform’s preferences.
Expectations for PI Coin
Despite Binance’s stance in the campaign, PI Coin is experiencing positive momentum in the market. The current trading price of the coin is approximately $1.17, reflecting an increase over the last 24 hours. Some investors believe that Pi Network may eventually be directly listed on the platform.
Binance’s listing method promotes community involvement and prioritizes user votes in selecting projects, moving away from centralized decision-making processes. The reactions during the campaign reflect the market’s dynamics and investor expectations.
