Binance, the largest cryptocurrency exchange in the world, has made a reaction after reopening its list of tokens by community vote and planned to add a PI (PI) network.
The decision was faced with significant repression, criticisms questioning the priorities of the platform and highlighting potential risks.
PI network list on binance sparks
Beincryptto reported that on February 17, the exchange launched a vote from the Binance community for the PI network. This marketing -oriented survey event allows users to expire their opinions on IP’s lists on exchange.
Voting for the list of PI networks ends on February 27. Currently, 85% of voters support the PI registration, one day before its launch of Mainnet. In addition, the project has gained remarkable traction and visibility within the cryptographic community.
Despite the support, some users, including Colin Wu, founder of the Wu blockchain, did not respond favorably to Binance’s decision. He expressed his concerns about Binance’s decision to relaunch community lists after an interruption of seven years.
“Originally, I thought OKX was already playing at risk, but Binance went even further with Pi,” said Wu.
Wu argued that Binance focuses on stimulating traffic and user records through high -risk tokens compromises its responsibility for maintaining safety and maintaining its peak reputation.
This is not the first time that Binance has faced criticism for his registration process. Recently, the former CEO of exchange, Changpeng Zhao (CZ), even called the “slightly broken” process. According to the latest Coingecko data, 398 pieces are currently listed on Binance.
Meanwhile, WU also warned that the decision to list PI could present significant risks to the “very fragile Chinese language community”.
“Binance has already become the infrastructure of this industry-it should focus more on security and reputation rather than pursuit of traffic,” he added.
Binance, however, defended her position by stressing that she would not consider all the votes as valid.
“The votes of the users reported in certain countries or regions, including, but without limiting itself, continental China, will not be considered valid,” said the post.
The press release said that the votes that do not meet the eligibility criteria come from inapplicable regions or which violate the terms and conditions of the platform will be excluded from the final count.
He also pointed out that the platform examines the voting results for reference. An internal evaluation will determine the ultimate decision on the registration of the PI network.
In addition to Binance, several centralized exchanges have announced lists of PI parts. Nevertheless, many industry experts remain skeptical about the Pi network, highlighting the legal and listed risks associated with it.
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