The Pi poll may have been heavily organized by the Pi Network community to create an illusion of overwhelming demand. While the vote itself may not be entirely fake or corrupted, it was likely influenced more by Pi supporters than by genuine, organic demand from a broader crypto audience.
Binance understands that community-driven projects often mobilize their members to flood polls, which can distort real market interest. This is why Binance does not rely solely on votes to decide listings. Instead, it conducts its own due diligence, evaluating liquidity, security, compliance, and actual trading potential before making a decision.
Why Binance May Have Rejected the Vote:
The poll was an organized effort, not natural market demand.
Pi Network still has unresolved issues, such as its closed mainnet.
Regulatory and security concerns about the project.
Binance's Business Perspective:
Binance operates like a business—it does not list coins just because of hype. When Binance lists a new token, it often starts at zero price, then lets the market determine its value. If the coin goes bullish, Binance’s users profit. If it goes bearish, users lose—but Binance itself does not lose anything.
The real problem with Pi Network is the potential for a massive sell-off. Pi users have been waiting for six years without liquidity. If Pi gets listed, many users will rush to sell to recover their money. This could crash the price to near zero instantly. Binance does not want this headache because:
A price collapse would damage its reputation.
Users might blame Binance for listing an unstable token.
Pi developers are not committing to a stable price (e.g., ensuring Pi does not drop below $0.001).
Possible Solution for Pi Network
If Pi Network guarantees price stability (e.g., ensuring Pi does not fall below $BNB #Write2Earn
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