Binance Overlooks Pi Network Again in Latest Round of “Vote to List” initiative

Binance has once again overlooked Pi Network in its latest round of “Vote to List” initiative. The program, which allows Binance users to

Binance has once again excluded Pi Network from its “Vote to List” initiative for the second consecutive time. The program, which allows Binance users to vote for cryptocurrencies to be listed on the platform, has selected 12 tokens this time, spanning various utility-driven sectors.

The selected tokens are: VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME. These tokens will now undergo a final review process, which will consider community votes and factors such as trading demand, compliance, and risk assessments.

However, despite speculation and anticipation from the crypto community, Pi Network will not be included in the upcoming listing round. This continues a trend from the previous Vote to List event in March, where the exchange's new program was announced.

At the time, Binance stated that it would only consider BNB-based projects for the initiative, effectively ruling out Pi Network from participation.

This integration puts an end to the possibility of the 26th largest digital asset being listed via the new program. However, members of the Pi community are still hopeful that the token could see a direct Binance listing in the near future.

One major reason experts cite for Binance's reluctance to list Pi Network is the network's lack of transparency. The PiCoreTeam (PCT) has faced criticism for not providing sufficient disclosures on the network's tokenomics, particularly regarding its locking and burning mechanisms.

Moreover, Bybit CEO Ben Zhou has openly called the project a scam, further fueling skepticism towards the network.

PI is currently down by over 75% from its all-time high of $2.98, which was reached on February 22, soon after its launch. The token has also lost a significant portion of its gains from earlier this year, when it surged to highs of $1.5.

Binance has made it clear that projects must meet its stringent transparency and compliance standards to be listed on its exchange. This aligns with the company's broader strategy of prioritizing user protection and a sustainable ecosystem.

As traders await further exchange listings, Pi Network remains in limbo, and its future on Binance hangs in the balance.