Pi Network, the mobile mining project, recently gained significant support in the Binance community vote. This event followed the launch of their Open Network and the listing of their token on several major exchanges.
Pi Network's Achievements in the Last Month
The last few weeks have been eventful for Pi Network. The project, which allows cryptocurrency mining using a mobile phone, has strengthened its position with the launch of the Open Network on February 20. Since then, the network has become accessible for external connections. The PI token has also been listed on several major cryptocurrency exchanges, including OKX and MEXC. However, not all events were positive: Ben Zhou, CEO of Bybit, made critical remarks, to which the Pi Network team quickly responded to defend the project.
The Binance Community Vote
A few days before the Open Network launch, Binance initiated a community vote through its Binance Square platform, asking whether PI should be launched on Binance. The vote ran from February 17th to 27th and sparked heated debates. Despite some accusations of scam, Pi's community, known as 'Pioneers,' actively defended the project. As a result, more than 200,000 people voted in favor of listing PI on Binance.
Potential Listing on Binance
Despite the positive vote outcome, this does not guarantee a PI listing on Binance, as the exchange considers many other factors. These include potential trading volume, project reputation, technical resilience, and community support. Strong community support suggests the possibility of significant trading volumes, which is crucial for exchanges. Notably, on other platforms like OKX, PI's 24-hour trading volume exceeded $530 million, potentially influencing Binance's listing decision.
For now, supporters of Pi Network will have to wait for an official announcement from Binance. If the listing happens, it will be a major milestone for Pi Network, which started as a simple mobile mining project.
