Pi Coin close to securing potential Binance listing ahead of mainnet launch

Pi Coin obtained strong support in a recent vote from the Binance community on its potential list, a few days before its launch of Mainnet this week.

On February 17, Binance launched a community vote To determine if the Pi Network, Pi Coin, should be listed on its platform.

To participate, users must connect to their verified binance accounts and maintain at least $ 5 of assets in their exchange portfolios during the voting period; Otherwise, their votes will not be counted.

As of February 18, 85% of voters supported the PI network in Binance. The exchange, however, said that the vote does not guarantee registration.

Users have until 11:59 p.m. UTC on February 27 to vote.

Launched on March 14, 2019, the vision of Pi Network has always been to create a more accessible cryptocurrency than Bitcoin. Its approach allows users to operate PI (PI) parts directly from their smartphones without the need for high energy intensity process such as traditional cryptocurrencies.

Users obtain mining awards depending on the moment they have registered – the more they have joined, the higher their gain rate. They can increase their rewards by inviting new users or by creating a safety circle.

To capitalize on the overhaul, Crypto Exchange OKX has already announcement Support for the PI / USDT trading pair, which takes place online on February 20.

However, after its launch, Pi Coin can cope with significant sales pressure As longtime minors finally have the possibility of selling their assets.

The list should take place on the same day as Pi long -awaited Mainnet launch. Going online on the Mainnet means that PI parts holders will finally be able to convert their parts to fiduciary currencies after years of mining.

It also opens the PI ecosystem to a wider audience and gives users access to around 80 applications built by the community. These include Map of Pi, which connects buyers and sellers accepting Pi Coin, as well as the Pi, Care for Pi and 1Pi Mall game.

Controversy around Pi launch

Meanwhile, Pi Network also faced strong criticism for its long development process and lack of exchange ads. Some skeptics have compared it to the Ponzi patterns, while others accuse the team of delaying the launch to maintain committed users.

The project was called a pyramid scheme due to its orientation -based mining system. In May 2021, he was accused of a data violation which would have exhibited 17 GB of personal data of 10,000 Vietnamese citizens, although the team denied these claims.

Despite skepticism, analyst Kim Wong defended PI credibility in a February 16 job On X, the appellant only the cryptographic network to allow “instantaneous cross -border transactions and transactions”.

Wong noted that PI is distributed in more than 200 countries, with more than 100 million registered users, of which 65 million are active. He also pointed out that 19 million users have completed the verification of kyc, and around 10.5 million already hold in their portfolios.

Beyond its user base, Wong positioned Pi as a layer 1 blockchain which is “decentralized, scalable, fast, secure and ready for the web3”. He highlighted his versatility, noting that even if it can serve as widely used digital currency, its “growing ecosystem also supports all other functions of blockchain”.

“If you still don’t know what Pi Network is, or if you always think it’s a scam, you have really lagged behind and you have to catch up!” He concluded.

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