Binance Listing Could Be a ‘Kiss of Death’ for Pi Network and New Tokens

Ray Youssef, CEO of noons and former co -founder of Paxful, believes that a list of Binance is no longer a legitimacy badge – it is a passive. 

In the latest podcast with Beincrypto, Youssef said that Binance has gone from a growth engine for cryptographic projects to an “extractive machine” since the departure of Changpeng Zhao (CZ).

He did not hold back.

“The lists of binances meant something. Now they are kissing death,” said Youssef.

Have Binance lists lost its legitimacy?

Youssef maintains that Binance radically changed the course after the American authorities resigned CZ in 2023.

“After America has resumed Binance, everything has changed,” he said. “They disabled the Pan -African P2P trading. The Egyptians cannot exchange with the Nigerians. It was the first decision. “

He accused the new priority department for control and profits on community and innovation. Youssef also said that the PI network would have refused to respond to the presumed demand from Binance for a major token allowance or heavy rating costs – depending on the current dead end.

“They didn’t want to give Binance 50% of their tokens supply,” said Youssef. “So Binance has not listed them. It’s as simple.”

He described the registration model as a predator.

“They list the scam tokens, hit them and pour them into the community,” he said. “They don’t build anything. They simply treat what is left. ”

Youssef also made parallels with Pump.fun, describing both as profits’ extraction patterns.

“Binance today is Pump.Fun with a user interface. It’s just shooting shooters, spill and draining value.”

Why a list of binance may not help Pi Network

While users of the PI network continue to put pressure for a list of Binance, Youssef maintains that this can be a disguised blessing that this has not happened.

“If Pi was registered, their token could be 10 times lower,” he said. “Binance would have thrown it as they would do with everything else.”

Binance once played an essential role in the popularization of ICOs and exhibition to small projects. But Youssef said the era was over.

He suggested that today’s exchange launches are more aimed at supply than feeding innovation.

“If you don’t put huge amounts of tokens back or don’t pay big costs, they don’t want you.”

This perspective calls into question a long -standing belief in cryptographic space – that a list of Binance is the last important step before traditional adoption.

“People thought that the list of binances meant legitimacy. Now it usually means a short pump and a long discharge. There are better ways to reach your community than to put more than half of your supply to intermediate managers. ”

Is the PI network a pyramid scheme?

Pi Network has long been criticized on its mining model only invited, which rewards the acquisition of users. The skeptics qualify a pyramidal scheme. Supporters argue that this is a new way of bootstrap a user base.

Ray Youssef did not directly approve the project, but underlined one of the reasons why it can be misunderstood.

“People throw the term” pyramid scheme “too freely. The pyramid mechanisms themselves are not the problem – Avon has built a global company that uses them. The real question is whether the real work is done, or are you just paying.

He did not comment on the technical merits of the project. But his framing suggests that the refusal of PI to be listed under the terms of binance can reflect a level of integrity – or at least, independence.

Why the price of the PI room continues to lower

Despite several key upgrades and ecosystem deployments, the PI part continues to slide. The token is now negotiated near its hollow of all time – more than $ 0.44 – despite major developments such as the launch of the PI application studio and new market partnerships.

According to Ray Youssef, the problem lies in message.

“In the blockchain, developers are your safety net,” he said. “They are like firm takers of your token price.”

He explained that retail users can stimulate mass adoption, but developers are essential in defense of prices thanks to the support of the ecosystem and the technical advocacy.

“PI has succeeded on the retail sale-millions of exploitation exploit the token. But the developers? This stable is thin,” he said.

Youssef compared this to the early success of Ethereum. He noted how Vitalik Buterin actively courted the developers, creating a technical community that has helped to validate each upgrade and generate long -term confidence.

“These Ghanaians, Nigerians, Argentines using the application-they don’t know what ZK-Snark is,” he said. “They cannot communicate this value. Developers can. “

He argued that the anonymous leadership of PI Network and the lack of technical opening may have discouraged the participation of the developers. Without this base, even important upgrades fail to generate price dynamics.

“Perhaps the structure is not attractive for the developers. Perhaps the team being in the shadows holds them,” he added.

The result: a project with millions of users, but no technical evangelist to amplify its progress. This disconnection may explain why prices are contrary to the growth of its ecosystem.

Final reflections

Ray Youssef’s comment reflects a broader calculation in the crypto: centralization in exchange announcements, regulatory capture and power consolidation have created systemic risks.

In its opinion, the PI network may have avoided a trap by not reaching the Binance – despite community pressure.

“The projects listed on Binance thinking that it is their big moment. Instead, they are thrown by the whales. Maybe they are better off,” he concluded.

While the debates continue on the future of Pi and the usefulness of tokens, one thing is clear: legitimacy in the crypto no longer circulates through the same channels it has made.

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