As Binance’s Vote to List initiative kicks off, the change has turned its again on Pi Network for the second time. Binance is continuing with the decentralized itemizing program however Pi Network is noticeably absent from the raft of cryptocurrencies.
Pi Network Fails To Make Binance List
Pi Network fans are in limbo following the absence of the token in Binance’s Vote to List initiative. According to a press release, Binance has opened voting for its second Vote to List initiative.
This time, 12 tokens are up for neighborhood voting, with Binance continuing to spot-list profitable tokens. Apart from vote depend, Binance says it would think about buying and selling demand, a danger evaluation, and a compliance verify to resolve on tokens that can make the itemizing.
The chosen tokens embody VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME. While the primary targeted on memecoin, the second iteration beams a searchlight on utility tokens slicing throughout a number of verticals.
Back in March, Binance excluded Pi Network from its first version of the Vote to List initiative. Binance has clarified that solely BNB-based tasks might be allowed to take part within the Vote to List initiative, dousing optimism for Pi Network fans.
When Will Binance List The Asset?
Despite Pi lacking out on the Vote to List program, there’s nonetheless a ray of hope for neighborhood members. Binance can checklist Pi by way of a direct itemizing sooner or later however a timeline is unavailable.
Experts say an absence of transparency by The PiCoreTeam (PCT) is a purpose why Binance has not listed Pi Network. Particularly, the change took swipes on the PCT for failing to present correct disclosures on the Pi Network’s locking and burning mechanism.
Pi Network secured a serious itemizing on the BTCC Exchange, bringing the token nearer to being listed on mainstream exchanges. While an inventory hovers on the horizon for Pi, the PCT’s area public sale is gathering steam with over 200,000 bids.
Pi worth has been largely underwhelming during the last day, shedding practically 5%. Pi trades at $0.6646 to drop under the $0.7 mark for the primary time in over a month.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and rising applied sciences journalist with a knack for overlaying needle-moving tales within the area. Aliyu delivers breaking information tales, regulatory updates, and insightful evaluation with depth and precision. When he isn’t poring over charts or following leads, Aliyu enjoys enjoying the bass guitar, lifting weights and working marathons.
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