On February 17, Binance launched a neighborhood vote to gauge curiosity in itemizing Pi Network. The vote, set to finish on February 27, has obtained overwhelming help, with 85% of individuals in favor. This comes simply at some point earlier than Pi Community’s deliberate mainnet launch.
Regardless of sturdy backing, critics have questioned Binance’s resolution. Crypto journalist Colin Wu voiced considerations about reviving community-driven listings after a seven-year pause. He argued that Binance is prioritizing visitors and consumer engagement over safety.
Binance has beforehand confronted criticism for its itemizing course of. Even former CEO Changpeng Zhao (CZ) admitted the system had flaws. At present, the trade lists 398 cash, in accordance with CoinGecko.
Wu additionally warned that itemizing Pi Community may create dangers for the “extremely fragile Chinese language-speaking neighborhood.” In the meantime, Binance defended its course of, stating that not all votes will rely. Votes from ineligible areas or these violating platform guidelines will likely be excluded.
Whereas Binance considers neighborhood enter, the ultimate resolution will likely be based mostly on inside evaluations. Different exchanges have additionally introduced Pi coin listings, however trade consultants stay skeptical. Many level to authorized and itemizing dangers that might impression Pi Community’s future.
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