With the delay of the listing of Pi Network's token on Binance, debates are rising about the future of the project and its positioning in the crypto market.
Status of the Binance Listing
It has been over five months since the community voted on Binance expressing desire for the listing of Pi Network's token. Despite high user support, the platform has been slow to list the token, leading to frustration within the community.
Community Discussions
Recently, user Kim H Wong outlined three reasons why Binance is hesitant to list the token. The first reason is that the project’s blockchain code is not fully open-sourced. The second and third reasons relate to the lack of a third-party security audit and the likelihood that Pi Network hasn't applied for a listing.
Prospects and Concerns
Wong also noted that the project has the potential to address these obstacles and predicted a possible price surge with support from Binance. However, some community members are pessimistic, believing that the inability to run their own nodes and market control will constrain the token.
In conclusion, despite the community's support and the project's development, concerns about security and lack of openness remain significant barriers to successful listing of Pi's token on major crypto exchanges.
