Here are some reasons why some exchanges have not agreed to list #pi : Pi Network is facing concerns about centralization and transparency related to the circulating supply of tokens and the holding team. Below is some information related to this issue. The total supply of Pi Network is 100 billion PI tokens, but currently, the core team of Pi Network controls up to 82.8 billion Pi Coins, accounting for about 82.8% of the supply. This raises concerns about the decentralization of the network. 62.8 billion Pi is held in six main wallets, while another 20 billion Pi is distributed across about 10,000 unlisted wallets but related to the core team. Some experts believe that the lack of transparency in the token lock and burn mechanism of Pi Network is the main reason it has not been listed on major exchanges like #BİNANCE and #Coinbas . This lack of transparency also raises concerns about market manipulation. However, Pi Network has yet to fully disclose information about the circulating supply of tokens and the holding team, leading the community to question the transparency and privacy of the project. Pi Network needs to take decisive actions to regain the community's trust and demonstrate transparency in token management.