Binance launched a new “Voting to List” initiative. The program allows users to vote on the tokens to list. Unfortunately, the PI network, which was to be listed on the scholarship, was excluded from the inaugural campaign. Development has caused a big disappointment among PI enthusiasts. However, not everyone has lost hope. Here is everything you need to know about development!
Binance “Voting To List” program
The “Voting to List” initiative is a revolutionary program introduced by the largest cryptocurrency trading platform in the world. What makes the initiative special is its decentralized nature. What Binance targets with the initiative is to ensure the active participation of his community in the process of determining tokens which should be listed on the platform.
The initiative was introduced just a month ago. During the inaugural campaign, nine projects will compete against each other to win the list. Among these projects, these two projects which guarantee the maximum number of votes will be declared winners.
Campaign projects include Bananas31 (banana for the scale), Bid (Creorbid), Broccoli (Broccoli), Broccoli (CZ dog), Koma (Koma Inu), Siren (Siren), Mubarak (Mubarak), Tut (tutorial), and why (why).
Why was the PI network not included
To be eligible to participate in the program, a project must be hosted on the BNB smart chain network. This means that projects hosted outside the BNB network are not eligible for the program. Unfortunately, Pi Network works on its own blockchain. This naturally makes him inadmissible to the initiative.
It is alleged that many are that Binance promotes without precisely the pieces of parts even based on Binance.
Earlier, when Binace launched a community vote by seeking user opinion on the advisability of listing the PI network on exchange or not, a large majority of respondents voted in favor of the IP.
However, the Binance team has not yet acted on this. At one point, they even minimized the community’s response concerning the IP list, saying that the final decision would be made after examining other factors.
While discussing this last development, many point out that it is important to support projects with solid fundamentals such as PI projects on even usefulness.
Interestingly, some of the projects included in the inaugural campaign have a solid support for celebrities. The case of Mubarak is a good example.
Recently, Mubarak made the headlines, while the founder of Binance, Changpeng Zhao, expressed his support for the token.
Pi Coin market performance
Pi Network looks optimistic today. It seems that disappointing development has had no serious impact on the market.
Since February 20, the PI price has increased 1,120.23%. In the past 24 hours only, the market has increased 1%.
The reports indicate that PI has a healthy trading volume on exchange like OKX, Bitget and Gate.io.
Currently, the PI price is $ 1,1681 – about 157.44% below its top of all time.
Experts predict that if Binance lists Pi, the market could see a new ATH. Many Pi lovers firmly believe that he will be listed on Binance in the near future himself.
