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Title: Three Reasons Why Binance Did Not List the Pi Network
The Pi Network community has been eagerly awaiting the listing of their token, PI, on Binance. Unfortunately, it seems that this expectation will not be met anytime soon. According to renowned analyst Kim H. Wong, there are several reasons why this might happen.
Firstly, the Pi Network’s closed-source code is a major obstacle in its listing on reputable exchanges like Binance. This lack of transparency raises concerns about the project’s security and reliability, making it an unattractive option for investors.
Secondly, the Pi Network has been criticized by prominent figures in the cryptocurrency space, including Bybit’s CEO Ben Zhou, who called the project a “scam” and stated that he would not list their token. Additionally, Cyber Capital founder Justin Bons also accused the Pi Network of being an MLM scheme, with the team’s sole goal being to deceive users.
Lastly, the token’s price has been plummeting for months, with CoinMarketCap data showing it is now trading at 0.445 dollars, a staggering 26.17% decline from just last month and nearly 76% drop since its February debut. This drastic fall in value casts further doubt on the project’s legitimacy.
In light of these reasons, it seems that Binance has made a wise decision in not listing the Pi Network’s token. The company is known for its strict regulatory standards, and it would be unwise to compromise these principles by listing an untrustworthy project like Pi.
It is imperative for investors to take note of these red flags and exercise extreme caution when considering investments in this space. It is also crucial that the cryptocurrency community holds the Pi Network accountable for their actions and provides transparency regarding their operations and goals.
In conclusion, it seems that Binance has made a well-informed decision by not listing the Pi Network’s token.
Source: www.bitcoinbazis.hu
