Pi Coin’s listing in Binance did not happen despite the important community demand. In addition, Coinbase and some leading crypto exchanges preferred not to list the PI. A crypto expert explained the views of Pi Network (Pi Coin) that it was not listed on large stock exchanges such as Binance and Coinbase.

Why wasn’t Pi Coin, Binance and Coinbase listed?

Dr. The Altcoin Plug is attributed to the lack of transparency of Pi Core Team (PCT). In particular, the non -transparent structure of Pi Network’s locking and burning mechanisms of billions of Pi Coin may be the primary cause of this delay. In this context, the expert says:

Now I understand better why Pi is not listed in large stock exchanges like Binance and Coinbase. Probably the Pi Core team was not transparent enough about the locking and burning mechanism containing the billions of PCT’s PCT.

Analyst noted that Pi’s circulating supply decreased by 10 million more and fell to 6.77 billion. According to the expert, this means that the Pi network core team can set the supply to balance prices. Expert, “For the last time, many Pi Coin’s lock opened, sent the wrong signal and caused panic sales. However, the PCT’s Pi burning mechanism and PCT’s Pi tokens are still not transparent plans.” he said.

Dr. According to Altcoin, the lack of transparency makes it easier to misinterpret this as potential plans for market manipulation. In addition, when the Pi Core team developed transparency and most of the coins held by the community were traded below $ 1, Pi Coin would be able to be listed at the end. These factors may delay the adoption of Pi by senior exchanges such as Binance and Coinbase.

Pi Network’s community demand encounters barricades!

Despite these concerns, Pi Network continues to have an important community support. As you have followed from Kriptokoin.com, the project has recently exceeded 4 million followers on social media. This showed that it was a powerful user base. Moreover, a Binance survey revealed that 86 %of the participants wanted Pi to be listed on the stock market.

However, Binance has not yet taken action, which led to controversy. Despite the important voter support in a community survey, the listing of Pi remains uncertain and fueled disappointment among its supporters. The vote for the list of Pi Network in Binance took place in the midst of the stock market’s determination to include the community in the listing and removing the list.

Attention: Pi Coin Locks will be opened!

In addition to uncertainty, Pi Network is preparing to unlock another token in April after 188 million toks were launched in March. These lock opening operations increased price manipulation fears, especially because the PCT did not clarify how it handles locked and burnt coins.

Pi Network Token Lock Opening Program. Source: e plorepi.info

According to data in Explorerpi, Pi Network will unlock more than 91.9 million Pi token in April. As of this article, according to market rates of $ 0.906 in Coingecko, this Pi Coin volume is worth 83 million dollars. A Keyrock research shows that 90 %of the opening of token locks reduce prices. Therefore, for Pi Coin, the opening of a token lock of this size may affect the price of Pi Coin.