Binance, the world’s largest cryptocurrency exchange, has excluded Pi Network from its newly launched “Vote to List” initiative, sparking disappointment within the Pi community. This decentralized campaign allows Binance users to vote for which tokens should be listed on the exchange, but Pi Network was notably absent from the selection.
Why Pi Network Was Excluded
Binance’s “Vote to List” campaign, introduced earlier this month, is open only to projects hosted on the BNB Smart Chain. Since Pi Network operates on its own blockchain, it was automatically disqualified from participating. This decision has disappointed many in the Pi Network community, especially after previous speculation about its potential listing on Binance.
Pi Network had already generated significant interest, with a community vote earlier this year indicating substantial support for a Binance listing. However, despite this backing, Binance has yet to include Pi in its listing process, fueling ongoing speculation about when, or if, the network will make its way to the platform.
The Vote to List Campaign and Community Reactions
Binance’s “Vote to List” initiative gives users the power to choose which tokens should be listed from a selection of projects. In this first round, nine tokens were nominated, but only two will ultimately win the chance to be listed on Binance. The projects included in this phase are BANANAS31 (Banana For Scale), BID (CreatorBid), Broccoli (Broccoli), Broccoli (CZ’s Dog), KOMA (Koma Inu), SIREN (SIREN), Mubarak (Mubarak), TUT (Tutorial), and WHY (Why). Many of these tokens have garnered attention due to celebrity backing or dedicated fan communities, with some, like Mubarak, even generating memecoin frenzies.
This exclusion of Pi Network from Binance’s decentralized voting process has led to some backlash, particularly regarding the dominance of memecoins in the voting pool.
What’s Next for Pi Network?
Despite being left out of Binance’s latest initiative, Pi Network has shown resilience. The coin has gained significant value, trading at $1.17, marking a 4.78% increase in just 24 hours. Additionally, Pi Network has managed to maintain a healthy trading volume on other exchanges, such as OKX, Bitget, and Gate.io.
For many in the Pi community, there is still hope that Binance will eventually list Pi Coin, possibly through direct listing or other means. While Binance’s decision may have been a setback, the broader market momentum suggests that Pi Network’s prospects remain strong, and its future listing on Binance is not entirely off the table.
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