Pi Network (PI) has received a lot of attention as a network that makes mining accessible via smartphones. For years, pioneers have been able to collect Pi and the coin can now be traded on some stock exchanges.
However, there is a problem. With regard to availability on large crypto bonds, the coin remains far behind the rest of the cryptoma market. Only the large okx crypto tour offers trade with PI, while stock exchanges like Binance, Coin base And upbit stayed far. And that could be a problem.
Are you curious how you can buy or sell Pi? We used to These instructions for this written. New users Get it temporarily € 20 in Bitcoin With OKX.
Crypto touring Binance does not list Pi
A large part of the crypto community assumed that Binance would list the cryptoma. A total of 86 percent of Binance users voted for the introduction of PI. But unfortunately the crypto exchange has not yet taken a official point of view.
Rumors are circulating that Binance would request millions of dollars from Pi Network for a listing, but this has never been confirmed. Also, the PI team should not be ready to pay for a list at all.
Although the motives of Binance remain mysterious, it could also be due to the criticism of PI Network. Binance has to protect a strong image, and a controversial token is not one of them. The stock exchange also prefers projects that are set up on BNB Smart Chain while PI on its own Blockchain based.
Criticism of Pi Network
The network and the coin have received a lot of criticism around and after the launch of the main network. The CEO of Coinbase, Ben Zhou, has even accused Pi Network, one Scam (Fraud).
A big point of criticism is transparency. So far, Pi Network has not shared any details about how the coins are output, burned or determined. This will also be Tokenomics designated. Without this clarity, it is difficult to assess reliability and risks.
There is also criticism of the organization of PI Network. One method with which users can mines more coins is due to the recruitment of other users. This “pyramid scheme” makes some suspicious. In addition, advertisements are shown in the mining advertisement, which makes Pi Network a lot of money.
Nevertheless, this way of thinking is also a little ambiguous. Coins like Act 1: The Ai Prophecy (Act), Peanut the Squirrel (Pnut) and Official Trump (Trump) were added without grumbling from Binance, although there were enough controversy there. The world around the addition of cryptoma coins remains a complicated game.
Future scenarios for PI
So Pi Network seems to fight with some challenges, and on top of that, Pi is not insensitive to the current negative market conditions. The result is that the value of PI has dropped sharply, almost 75 percent since March. At the time of writing, the coin is $ 0.57. The low stock market offer could be a reason for this.
A listing on a large stock exchange like Binance is of great importance for PI. But at the same time there are some things that speak for Pi’s success without listing. According to its own statements, the network has 60 million users, which implies that there is a large market for PI.
In addition, Pi Network’s plans are promising. The team tries to build a functional ecosystem with real applications for PI. Without listing on a large stock exchange, however, general distrust of Pi is the biggest challenge for the future.
Do something directly with your PI?
If you want to redeem or exchange your PI, you can do this with OKX. Receive new users temporarily € 20 in Bitcoin – An additional incentive to get started directly. Registration is free and only takes a few minutes.