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Binance has launched a new initiative called “Vote to List,” allowing users to vote for tokens they want to see listed on the platform. While the program aims to give power to the community, Pi Network enthusiasts were left disappointed as their highly anticipated token was excluded from the inaugural campaign.
Binance’s “Vote to List” Program Explained
The “Vote to List” initiative is a groundbreaking move by Binance, the world’s largest cryptocurrency exchange. This initiative empowers the community by letting them decide which tokens should be listed. The program, which debuted last month, features nine projects competing for a spot on the exchange. The two projects receiving the highest number of votes will secure a listing.
The participating projects include:
- BANANAS31 (Banana For Scale)
- BID (CreatorBid)
- Broccoli (Broccoli)
- Broccoli (CZ’s Dog)
- KOMA (Koma Inu)
- SIREN (SIREN)
- Mubarak (Mubarak)
- TUT (Tutorial)
- WHY (why)
Why Pi Network Was Not Included
To be eligible for the “Vote to List” program, a project must be hosted on the BNB Smart Chain network. Unfortunately for Pi Network, it operates on its own blockchain, making it ineligible. Many Pi supporters believe Binance is unfairly prioritizing Binance-based meme coins over projects with strong fundamentals.
Previously, Binance conducted a community poll to gauge interest in listing Pi Network, with a majority voting in favor. However, Binance has yet to act on this demand, stating that other factors will influence the final decision.
Market Reaction: Pi Coin Shows Resilience
Despite this setback, Pi Coin has demonstrated bullish momentum. Since February 20, PI’s price has surged by an astonishing 1,120.23%. In the past 24 hours alone, it has seen a 1% increase. PI is actively traded on platforms like OKX, Bitget, and Gate.io.
Currently, PI is priced at $1.1681, approximately 157.44% below its all-time high. Experts suggest that if Binance lists PI, it could trigger a major rally, potentially pushing the token to new all-time highs.
Also Read: Pi Network Adds 2FA for Wallet Security—Will Pi Coin Regain $2?
While Pi Network’s exclusion from Binance’s program is disappointing, many remain hopeful that an eventual listing could change the game for PI holders.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
