Point 2, Pi is listed. For those who do not wish to do KYC, they can buy it directly on platforms.

Many Pi Coin holders eagerly anticipate a Binance listing, but there are significant risks to consider that could disrupt the crypto market:

1️⃣ Potential Market Downturn – Pi Coin has been freely mined by millions, leading to a pyramid-like distribution. If listed, a mass sell-off could occur as users cash out, potentially destabilizing the market and impacting other altcoins.

2️⃣ KYC Concerns – Unlike most decentralized cryptocurrencies, Pi requires KYC verification for mining. This raises centralization issues, compromises privacy, and may deter investors who prioritize decentralization.

3️⃣ Lack of Full Blockchain Transparency – Pi operates within a controlled ecosystem managed by its developers. Without open-source validation, its level of decentralization remains uncertain, making it a risky investment.

4️⃣ Unclear Utility and Adoption – Despite years of development, Pi Coin has yet to establish a significant real-world use case beyond speculation. Unlike Bitcoin and Ethereum, which support smart contracts and DeFi, Pi’s long-term demand remains questionable.

5️⃣ Locked Tokens and Volatility – Even with a Binance listing, most holders won’t be able to sell immediately due to locked tokens. This could temporarily inflate prices, only for them to drop once tokens become available for trading.

💭 Final Thought:
A Binance listing might seem like a milestone, but without true decentralization and a sustainable ecosystem, Pi Coin could become one of crypto’s biggest disappointments.

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