Pi has attracted significant community interest. However, please share why Binance has not yet listed Pi and taken advantage of the opportunity to onboard a substantial user base from the community. Let’s explore some key insights below!
What is Pi Network?
Pi Network is a cryptocurrency project designed for mobile mining, allowing users to earn tokens effortlessly without consuming significant energy, thanks to the Stellar Consensus Protocol.
Learn more: What is Pi Network?
Pi Network Community
Pi Network boasts an incredibly large community with millions of users. However, most of them lack experience in blockchain in general and crypto in particular.
According to Bybit CEO Ben Zhou, the Network is even more dangerous than meme coins because it targets people who lack knowledge about cryptocurrencies, leading them to have unrealistic expectations – unlike the meme coin game.
He also questioned the project’s value, given its long history of delays and missed deadlines.
“They advertise that you just need to press a button to earn a lot of money. But they never explain how the money is actually made. Many people have received nothing, while there have been occasional data leaks,” Zhou said, suggesting that Pi Network resembles a Ponzi scheme, where later entrants pay for earlier ones.
Source: Ben Zhou
The Trend of Listing on Binance for Sell-Off
In the crypto market, when a token gets listed on Binance, it often triggers an immediate effect. The token’s price can skyrocket due to increased attention and capital inflow. However, the present is also the time when many traders take advantage of the opportunity to “sell off” and secure profits, leading to strong selling pressure and a sharp price drop afterward.
Example: SHELL, ALCH, TRUMP,…
- Positive Scenario: If Binance times the listing correctly – such as during a bull run – and combines it with a strategic pump, Pi could generate massive excitement. Such an outcome would drive up the token’s price and attract more newcomers (F0 investors), expanding the ecosystems of both Pi Network and Binance.
- Negative Scenario: On the other hand, if the listing timing is unfavorable or the community is not well-prepared, post-pump selling pressure could cause Pi’s price to plummet. With such a large community, the domino effect of FUD would be difficult to contain.
If Pi gets listed on Binance and investors start selling off, its price may surge on other exchanges before experiencing a sharp drop below $0.7, according to NFTevening.
Opportunities If PI Gets Listed
Exchanges that have listed PI
Although there have been many conflicting opinions, some exchanges have still listed Pi, such as: OKX, Bitget, MEXC, Gate.io, etc.
If executed correctly, Pi’s listing on Binance could bring significant benefits for both parties:
- For Pi Network: Being listed on Binance would be a game-changer, helping Pi transition from a “free mining” project to an asset with real value. This would strengthen the existing community’s confidence while attracting millions of new users, especially those searching for opportunities to enter the crypto market.
- For Binance: Listing Pi presents a chance for Binance to onboard a massive number of users who have never engaged with traditional trading platforms. With the right marketing strategy, Binance could turn users into loyal customers, further strengthening its position in the industry.
This ripple effect could create a positive feedback loop: the more users join, the higher Pi’s value rises, contributing to a more vibrant overall crypto market.
Conclusion: What Is Binance Considering?
Clearly, Binance cannot rush into listing Pi without careful consideration. The decision will depend on the overall market conditions, investor sentiment, and the readiness of the community. It’s a complex equation—how to capitalize on the opportunity to attract new users while minimizing FUD risks and price volatility.
For users, now is the time to mentally and strategically prepare for what lies ahead. A Binance listing could be the breakthrough that propels Pi Network to new heights, but it could also be its greatest challenge yet. With careful planning from Binance and strong community support, the chain has the potential to turn these challenges into an opportunity to cement its position in the fiercely competitive crypto space.
