Binance不會列出PI Network的Pi硬幣，並以關閉的主網，監管歧義和集中治理為由。

Binance是世界上最大的加密貨幣交易所，確認它不會列出Pi Network的Pi Coin，這一決定使該項目的大型社區感到失望

Binance, the world’s largest crypto exchange by volume, has confirmed it will not be listing Pi Network’s Pi Coin at this time. The news comes as a disappointment to the project’s large community of supporters, who had eagerly anticipated the move. However, Binance’s decision highlights the hurdles still faced by Pi Network in its current development stage, specifically in terms of market readiness and regulatory standing.

Binance是全球最大的加密貨幣交易所，已確認它目前不會列出PI Network的PI硬幣。這個消息令該項目的大型支持者社區感到失望，後者熱切期待這一舉動。但是，Binance的決定強調了PI網絡在當前開發階段仍然面臨的障礙，特別是在市場準備和監管地位方面。

Why Is Binance Not Listing Pi Network Token Yet?

為什麼binance尚未列出PI網絡令牌？

Despite Pi Network’s considerable user base, Binance applies a rigorous standard due diligence process for all listing candidates. In the case of Pi Network, several potential issues were uncovered, which has led to the listing being postponed.

儘管PI網絡擁有大量的用戶群，但Binance還是為所有上市候選人應用了嚴格的標準盡職調查過程。就PI網絡而言，發現了一些潛在的問題，這導致上市被推遲。

One central issue is Pi Network’s closed mainnet environment. As the blockchain is not yet fully open or accessible externally, transactions remain confined, and the network’s activity cannot be readily monitored. This lack of transparency is a critical factor for major exchanges like Binance, who need to be able to properly evaluate critical factors like liquidity, network usability, and genuine decentralization.

一個核心問題是PI Network的封閉的主網環境。由於區塊鏈尚未完全開放或外部可訪問，因此交易保持限制，並且網絡的活動無法輕易監控。缺乏透明度是Binance等主要交易所的關鍵因素，他們需要能夠正確評估流動性，網絡可用性和真正的權力下放化等關鍵因素。

Without an open and auditable mainnet that can be easily assessed by third parties, major platforms are likely to remain hesitant to proceed with a listing, no matter the size of the community or the project’s popularity.

如果沒有第三方可以輕鬆評估的開放和可審計的主網，那麼無論社區規模或項目的受歡迎程度如何，主要平台可能會猶豫要進行上市。

Another factor is regulatory ambiguity. Pi Network is still in the process of applying for and obtaining the necessary approvals from global financial regulators. Without clear approval or a defined path forward from the relevant regulatory bodies, listing Pi Coin would carry significant risks for Binance.

另一個因素是監管歧義。 PI網絡仍在申請並獲得全球金融監管機構的必要批准。如果沒有明確的批准或從相關監管機構前進的確定路徑，列表PI硬幣將面臨巨大的二人風險。

Already operating in a rapidly evolving regulatory landscape and subject to scrutiny in various jurisdictions, Binance is known for its谨慎stance when it comes to listing assets that could implicate the exchange in violations of anti-money laundering (AML) or securities laws.

Binance已經在各種司法管轄區進行了迅速發展的監管景觀，並受到審查，在列出可能暗示違反反洗錢（AML）或證券法的交易所的資產時，Binance聞名。

In this case, Pi’s coin’s uncertain regulatory status in key markets like the U.S. or Europe poses a major barrier, especially considering the new reporting requirements and increased scrutiny on crypto firms.

在這種情況下，PI硬幣在美國或歐洲等主要市場中的不確定監管狀況構成了主要障礙，尤其是考慮到新的報告要求並增加了對加密貨幣公司的審查。

Centralized governance was another factor that likely played a role in Binance’s assessment. Unlike networks such as Bitcoin or Ethereum, which feature a more decentralized governance model with broad community participation in decision-making, Pi Network’s core team retains substantial control over the project’s direction.

集中式治理是可能在Binance評估中發揮作用的另一個因素。與比特幣或以太坊等網絡不同，該網絡具有更加分散的治理模型，並廣泛地參與決策，PI Network的核心團隊保留了對項目的方向的實質性控制。

This centralized structure stands in contrast to the decentralized principles that many major exchanges, especially Binance, typically prefer to support. A highly centralized project like Pi could be more susceptible to censorship, biases, and potential abuse of power, which aligns less with the ideals of Web3 and major exchanges.

這種集中式結構與許多主要交流，尤其是二進制通常更喜歡支持的分散原則相反。像PI這樣的高度集中項目可能更容易受到審查，偏見和潛在濫用權力的影響，這與Web3和主要交流的理想較少。

Finally, at present, Pi Coin lacks external market liquidity. It is not yet listed on decentralized exchanges (DEXs) and does not have an established, independent price discovery mechanism.

最後，目前，Pi Coin缺乏外部市場流動性。它尚未在分散的交易所（DEX）上列出，並且沒有建立的獨立價格發現機制。

The IOU markets used to trade Pi outside of the mainnet are largely speculative and do not provide the same level of financial and trading activity needed for a sustainable listing on a major exchange. Binance prioritizes assets with verifiable market activity and sufficient liquidity to ensure a stable trading environment and a fair price for traders.

用於交易通用型PI的IO市場在很大程度上是投機性的，並且沒有提供與主要交易所可持續上市所需的相同水平的財務和交易活動。 Binance優先考慮具有可驗證的市場活動和足夠流動性的資產，以確保交易環境穩定和公平價格。

Listing an asset without these characteristics at this stage would expose the exchange to considerable financial risk and potentially traders to extreme price volatility or even market manipulation.

在此階段列出沒有這些特徵的資產將使交易所面臨相當大的財務風險，並可能使交易者處於極端價格波動甚至市場操縱。

While Pi Network claims millions of users acquired through its mobile mining app, these user numbers alone do not satisfy Binance’s comprehensive listing criteria. To be considered for listing, a project must meet several technical, financial, and legal requirements.

儘管PI Network聲稱通過其移動採礦應用獲取了數百萬用戶，但僅這些用戶數量並不能滿足Binance的全面上市標準。要考慮上市，一個項目必須滿足幾種技術，財務和法律要求。

These criteria include the functionality and maturity of the underlying blockchain technology, the project’s economic model and tokenomics, the team’s experience and expertise, and the project’s compliance with applicable laws and regulations in the jurisdictions where Binance operates.

這些標準包括基礎區塊鏈技術的功能和成熟，項目的經濟模型和標記學，團隊的經驗和專業知識以及該項目符合Binance運營的司法管轄區適用法律和法規的遵守。

In addition to these standard listing criteria, Binance is known for applying a strong risk appetite and a long-term vision when making its listing decisions. The exchange also takes into account the broader trends and developments in the crypto industry, as well as the preferences of its large user community.

除了這些標准上市標準外，Binance還以在做出清單決策時應用強烈的風險食慾和長期願景而聞名。該交易所還考慮了加密行業中更廣泛的趨勢和發展以及其大型用戶社區的偏好。

As of March 26/27, 2025, prices for Pi Network IOUs or futures on some smaller exchanges were around $0.7876, reflecting sharp recent declines from highs above $1.2 in early 2025. The widely cited market cap (near $5.3 billion based on a 6.8 billion PI supply) remains largely theoretical without an open, actively traded mainnet coin, making it difficult to assess the true market value of Pi Network at this stage.

截至2025年3月26日，較小的交易所的PI網絡價格或未來價格約為0.7876美元，反映了最近在2025年初高於1.2美元以上的高價下降。廣泛引用的市值（基於68億美元的PI供應）在沒有開放的Main Nupper Inter Inter Inter上，這是一個很大程度上的pi，這是一個非常困難的pi，該公司的成績是53億美元（53億美元）。 階段。