Popular project Pi Network grabbed major attention after a significant win in a vote on Binance Square. This victory comes amid an important phase for the project, including the launch of a new network and its token being listed on major crypto exchanges.
Pi Network's Big Month
Over the past weeks, Pi Network, a mobile mining project, announced the launch of its Open Network on February 20th. Since then, the project has become accessible for external connections, marking an important step from its closed network stage. Concurrently, PI token has been listed on major crypto exchanges like OKX and MEXC, facilitating its purchase and sale. However, not everything was positive as Ben Zhou, CEO of Bybit, made harsh remarks about Pi Network, to which the project team promptly responded.
The Binance Community Vote
Shortly before the launch of its open network, Binance proposed a community vote to list Pi. The vote ran from February 17th to 27th, sparking heated debate with accusations of the project being a scam. Nonetheless, a majority of the participants, over 200,000 people, voted in favor of listing Pi on Binance.
Will Binance List Pi Network?
Despite Pi Network winning the vote, it does not guarantee its listing on Binance. The vote is merely one of many factors Binance considers in making a decision about adding a new token. Aspects like potential trading volume, project reputation, and community support are evaluated. While the vote bolsters Pi Network's case, the final decision lies with Binance, requiring further analysis and insights.
It remains unclear if the voting victory will lead to an immediate listing of Pi Network on Binance. The project's community remains hopeful, considering its success in other areas such as the open network launch and high trading volume of the token on other exchanges.
