Binance has once again left Pi Network out of its Vote to List program, dimming hopes for an early listing.
The second edition of Binance’s Vote to List program has begun, but Pi Network remains absent. Binance has opened voting for 12 tokens, including VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME. In addition to vote count, Binance will also consider trading demand, risk assessment, and compliance before deciding which tokens to list.
Previously, in March, Pi Network was also excluded from the first round. Binance has confirmed that only BNB-based projects are eligible for the Vote to List program, disappointing the Pi Network community.
Although Pi is not included in the Vote to List program, there is still a possibility that Binance could list it in the future through a direct listing, but no timeline has been provided.
Experts reveals the reason why Binance has not listed Pi which is due to a lack of transparency from the PiCoreTeam (PCT), particularly regarding its token locking and burning mechanisms, they said.
Conclusively, Pi Network has reached it's significant milestone by securing a listing on the BTCC exchange, moving one step closer to major exchanges. Meanwhile, PCT’s domain auction has attracted over 200,000 bids.
Source: AZ Coiner