The Binance team planned to support the $ Pi tokens list considering the demand for cryptographic investors.
Summary
- Binance Crypto Exchange invited people to vote to list the $ Pi Token.
- The percentage of vote in favor of the list does not guarantee the token list in the exchange.
- Binance users must have a minimum balance of $ 5 on their Binance account to vote.
- Bybit, OKX decided to launch this Token, but the Bisp refused to support him.
Introduction: $ Pi Network is an infamous cryptographic project that has been partially active during the last 5 to 6 years. Due to the reference system based on multilevel marketing concepts (MLM), the mining application of Tokens Pi obtained great popularity, especially in China. Most of the Chinese media tagged the Pi Token scheme to Ponzi.
On February 17, 2024, the best cryptographic exchange in the world, Binance Exchange, guest The Binance community will vote for your support to list the token of $ Pi on the Binance platform.
All binance users who have $ 5 or an equivalent amount of digital assets in their account will be eligible to vote, and will also be allowed to vote once and maintain the same amount of balance during the entire voting period of 2025-02-02- 17 14: 45 (UTC) at 2025-02-27 23:59 (UTC).
This community vote only focuses on obtaining the vote of Binance users around Token Pi, but here, the exchange of Binance clearly mentioned that the vote does not mean that the list of tokens Pi is confirmed on the Binance platform .
OKX unique Token Pi Listing Strategy
When considering the past controversy around the Token Pi, OKX Crypto Exchange decided to add listing support for this token under an isolated environment. That means that cryptographic investors cannot deposit tokens Pi in the exchange.
Also in some jurisdictions, especially in China, this token trade will be prohibited.
It is worth noting that the Bybit Crypto Exchange CEO openly decided not to support the list of this token on the Bybit platform, citing the suspicious nature of this cryptographic project.
Case of use of pi token? Is it really worth it?
The main vision of the Pi network is to allow people to transfer money into an environment of equal to any participation of a third party. In addition, allow users of the tokens pi mining application to buy and sell products within applications integrated on PI.
It is a bitter truth that the vision of Pi Token is now very old for this era of the cryptographic phase, and currently, people have many options to transfer their funds under a totally decentralized medium and also have multiple options to exchange their encryption assets without trusting a centralized platform.
So, here we can say that the Token Pi will remain in a trend for a few months and after that, it will lose its popularity due to the lack of utility.
Read also: Now, Elon Musk’s Dixera Agency is aimed at the SEC Agency: Crypto Industry is divided
Discharge of responsibility: In Bitcoinik.com we present the most recent information in the encryption market. However, this information should not be considered as financial advice and viewers must consult their financial advisors before investing.
