Pi Network, the favorite of the crypto community, once again received a rejection of Binance. The second round of Binance’s “Vote to List” initiative, which attracted great attention, started and Pi Network was not nominated for this round. This decision was disappointed both in token investors and Pi community. So why does Binance leave Pi out and is there still likely to list a list? As Kriptokoin.com, we transfer the details.
Pi Network was not included in the Binance Voting List again
Binance launched the second round of the Votte To List program, which he launched to increase community participation. In this vote, the tokens determined by the community can be directly listed in the spot market. However, the described 12 token does not include Pi Network.
Virtual, BIGTIME, UXLINK, Morpho, Grass, Ath, Wal, Safe, Zeta, IP, Ondo and Plume stands out. Binance focused on Memecoins in the first vote, this time, this time is more oriented to use -oriented projects. However, even this change could not prevent Pi Network from being out of the list.
Why did Binance refused Pi Network?
According to Binance’s statement, only BNB Chain can participate in the Vote to List program. The fact that Pi Network does not meet this criterion is shown as the main reason why it is not included in the vote. This statement offers a partial answer to the questions “why we are always excluded” in the community.
However, some experts show the lack of transparency of Picoreteam (PCT) as a greater problem. It is stated that Binance is uncomfortable with not sharing enough information about locking and burning mechanisms. This may cause the platform to remain in the classroom under safety and compatibility controls.
Is there still hope for Pi?
Although it cannot find a place in the Vote to List process, it does not mean that Pi Network will never be listed in Binance. The stock market will decide to list directly if appropriate conditions occur. However, there is no time schedule for now.
On the other hand, Pi Network recently took an important step by listed on the BTCC stock exchange. In addition, Pi’s domain auction activity attracts great attention and has received more than 200,000 offers. All this shows that the project still has a serious community support.
Price pressure is increasing: Pi fell below $ 0.70
In the light of all these developments, the Pi price continues to be under pressure. Token, which lost approximately 5 %in the last 24 hours, declined to $ 0.6646 and saw the lowest level of the last month.
Investors think that a permanent rise in the price of Pi without a building list is difficult. However, if the community remains active and the project team provides the necessary transparency, the possibility of listing large exchanges in the future may still be on the table.
