Binance Opens Community Vote on Pi Network Listing

In Brief:

Binance launches a rare community vote to decide whether to list Pi Network.

Pi’s upcoming mainnet launch sparks massive hype, but critics question its legitimacy.

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Binance has initiated a community vote to determine whether it should list Pi Network, a highly anticipated crypto project preparing for its open mainnet launch. The vote marks a rare instance where Binance allows users to influence listing decisions, reflecting the growing interest and controversy surrounding Pi.

Pi Network has drawn both excitement and skepticism. With over 100 billion tokens and an easy mining mechanism, it has amassed a large following, particularly in China. However, critics argue that its referral-based model resembles a pyramid scheme. Major exchanges like OKX and Bitget have already committed to listing Pi, but Binance is taking a cautious approach.

Binance’s vote will end on February 27, a week after Pi’s mainnet launch. Eligible users must hold at least $5 in their accounts to participate. If Pi secures enough votes and passes Binance’s internal review, the listing could significantly boost its credibility and market presence.

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