Pi Network plans to unlock 188 million tokens in March, which makes them accessible to more than a million users. It is a much larger user pool than most months. However, this may not increase the sales pressure while PI demand continues to go up.
However, the project community is also aggressively acting on social media, the binance of bombing of reviews for its registration delays perceived. A vote of the community of Binances supports massively Pi, but the list has not yet been online, which has caused an intense reaction.
The PI network is preparing for a large unlocking
Pi Network is one of the most in force Crypto projects lately. Since its launch of Mainnet on February 20, PI has jumped almost 100%, reaching a peak of $ 2.99 before seeing correctional services. At the same time, he gained recognition of the community in the broad sense despite previous criticism.
A week ago, CoinmarketCap refused to update its market capitalization, but the platform reversed this position yesterday. Pi is now the 11th largest cryptocurrency on the market, ahead of Hedera, Chainlink, Steller and other notable names.
The community feeling of CoinMarketCap shows that 91% of its users are optimistic on PI, because the company plans to unlock 188 million tokens to more than 1.1 million users this month.
A token unlocking of this size necessarily has an impact on the price of the PI network. Recently, the project launched the greatest air number in the history of cryptography, which helped enthusiasm.
Explorepi data shows that there are currently more than 11.5 million pioneer accounts. However, 7.25 million (63%) accounts lock the IP for three years, and 1.6 million accounts (14%) lock the IP for one year.
Therefore, sales pressure on the PI network may not take effect immediately, even with this massive user pool.
Nevertheless, Pi Network also dismissed more than a few feathers. Recently, Binance organized a community vote on the opportunity to list or not the PI tokens, and its users were extremely favorable.
Despite the votes, Binance has not yet listed Pi, and several users do not take this light. PI fans bombed their Google criticisms. Without directly mentioning the project, the exchange responded to these comments:
“Before registering cryptocurrencies, Binance will check and take into account many factors, including liquidity and commercial volume on the market,” said Binance. Although the exchange does not refer directly to Pi Network, it commented on several notes 1 pepper-centric star on Play Store.
Many (but not all) of these journals and answers took place on servers based in Asia, where the project is the most popular. Recently, the Vietnamese government has issued a warning of the PI network, and the CEO of Bybit, Ben Zhou, reminded its users that China had issued similar warnings of years before.
Anyway, the PI network seems to have a huge community of enthusiastic supporters. Although some of his fans get a reputation for their hostility and defensive on social networks, the project remains resilient at current market conditions.
Non-liability clause
In membership of the Trust project guidelines, Beincrypto has embarked on transparent impartial reports. This press article aims to provide precise and timely information. However, readers are invited to check the facts independently and consult a professional before making decisions according to this content. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.
