Binance, the largest centralized crypto exchange by trading volume, has completed a community vote that could lead to the launch of Pi Coin (PI) on the platform.
The results, posted on Binance Square, revealed that 86% of participants voted in favor of listing mobile-mined cryptocurrency. This development marks a significant step toward integrating Pi Network’s native currency into Binance’s roster of tradable assets.
Binance Survey Results In: When Will Pi Coin Launch on Binance?
The community vote began on February 17 and concluded with over 294,957 votes. Binance, with its 250 million users, saw participation from just 0.12% of its user base in this vote.
It’s worth noting that not all votes will be deemed valid. Binance clarified that only eligible votes meeting specific regional and platform terms would be counted towards the final tally. The final decision regarding whether to launch Pi Coin would be subject to a more rigorous review process.
“While we value and consider the vote results, they are for reference only and do not determine any decision or action Binance may or may not take. The project’s launch is still undergoing evaluation, and the decision will be based on our official review processes and standards,” Binance stated.
Meanwhile, Pi Network, the project behind Pi Coin, has experienced remarkable growth since its inception. With over 60 million engaged members, Pi Network has become one of the most talked-about crypto projects in recent years.
The potential listing of Pi Coin on Binance could further accelerate its adoption and market reach. However, the impact of such a listing goes beyond just increasing visibility—it could enhance liquidity and stability.
Both of these are crucial elements for any cryptocurrency seeking wider acceptance in mainstream markets. Yet, the move also underlines a broader tension in crypto: how to balance community enthusiasm with the due diligence investors demand.
The enthusiasm surrounding Pi Coin’s possible Binance listing contrasts with its recent performance. Over the past day, it saw a sharp 20.8% decline in its value, trading at $2.3 as of the latest data.
This drop followed shortly after PI hit an all-time high (ATH). BeInCrypto’s analysis suggested that the altcoin could be facing a correction as bullish momentum appeared to weaken on the charts.
Nevertheless, Pi Coin remains resilient in comparison to the broader cryptocurrency market. With a remarkable 213.1% price increase over the past seven days, PI is outperforming the global crypto market, which is down 14.2%.
Moreover, the coin has managed to outpace other similar Layer 1 (L1) cryptocurrencies, which have experienced an 18.0% downturn.
Pi Network’s community is also eagerly anticipating the upcoming Pi Day celebration, set to take place on March 14. The day, which commemorates the mathematical constant (pi), is particularly significant to the Pi Network project. It was launched on the same date in 2019.
Pi Day has become an annual celebration for the project’s supporters. Additionally, this year’s event could add another layer of excitement for Pi holders as they await further developments in the coin’s journey.
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