Binance, the world’s largest crypto currency exchange, launched a community vote to list Pi Network Coin (PI). However, the stock market settled at the focus of reactions. Because Binance’s decision faced a significant reaction with criticism that questioned the priorities of the platform and emphasized the potential risks.
Binance started voting for Pi Coin!
Kriptokoin.comAs you have followed, Binance, the giant crypto currency exchange, launched a community vote for Pi Network on February 17. This marketing -oriented voting event allows users to express their ideas on whether PI Coin is listed on the stock market.
The vote for the Pi Network list will end on February 27th. Currently, 85 %of voters support the list of Pi just the day before the main-net launch. Moreover, the project gained significant interest and visibility in the crypto community.
Binance community voted to list the Pi Network. Source: CryptowithkhanBinance’s decision led to concerns!
Despite the support, some users, including Colin Wu, the founder of Wu Blockchain, did not respond positively to Binance’s decision. Wu expressed his concerns about Binance’s decision to revive community -driven lists after a seven -year hiatus. In I thought OKX was already playing risky, but Binance PI took it even further, W Wu said in this context.
Wu, Binance’s focus on increasing traffic and user records through high -risk tokens, argued that the responsibility of ensuring security and protecting the sector leader. This is not a criticism of Binance for the first time due to the listing process. Even ago, even the former CEO of the stock market Changpeng Zhao (CZ) described the process as “a little corrupt .. According to Coingecko’s latest data, 398 coins are currently listed in Binance.
In the meantime, WU warned that the decision to list Pi may pose important risks for the “extremely fragile Chinese -speaking community”. In this direction, “Binance has already become the infrastructure of this sector, instead of chasing traffic, security and reputation should be focused more on.” he added.
Binance did not step back, made a statement!
However, Binance defended his position by emphasizing that he would not consider all the votes. In this context, the crypto exchange, “Chinese mainland, but not limited to this, not limited to the votes from users reported in certain countries or regions will not be considered valid.” he said.
The statement said that the votes that do not meet the criteria of conformity, come from unacceptable areas or violate the provisions and conditions of the platform will be removed from the final count. It was also emphasized that the platform considers voting results as a reference. The final decision on the listing of Pi Network will set an internal assessment.
