Pi Network is the subject of widespread discussion as it awaits listing on major cryptocurrency exchanges, but delays raise concerns about its transparency.
Lack of Transparency Delays Listing
Crypto analyst Dr. Altcoin claims that the biggest obstacle to Pi Network's listing is a lack of transparency, particularly concerning its tokenomics. He points out that the Pi Core Team hasn't been clear about the locking and burning mechanisms of billions of Pi tokens. This lack of clarity can make exchanges wary of partnering with them.
Refusal to Pay for Listings
Some supporters of Pi Network argue that the issue is not transparency but the team's refusal to pay for listing fees. While many projects spend millions to secure listings on major exchanges, Pi's developers are reportedly holding out for a free listing, which is causing delays.
Pi Current Market Sentiment
Pi Network is currently trading at $1, down 66% from its all-time high of $2.98 in February. Concerns were heightened when Bybit's CEO labeled the project a scam. Although a listing on Binance could potentially boost pie prices, the lack of transparency keeps the process stagnant. Pi Network's recent partnership with PiDaoSwap has temporarily boosted its price by 7%.
The lack of transparency and prolonged listing delays on major exchanges cast doubt on Pi Network's future. To achieve success, the project needs to address these shortcomings and gain the trust of exchanges and users.
