The delayed listing of Pi Network on Binance has sparked debate, with some arguing that the lack of audits and other factors are reasons for the lack of support.

PI Seems Not Ready Yet

Nearly five months have passed since Binance held a community vote to determine whether users wanted to see the native token of Pi Network traded on this platform. Despite overwhelming support from voters and suggestions in the following months, the exchange still does not want to list it.

This move has caused disappointment in the PI community, as some try to understand why the company still keeps its distance from this currency. This morning (July 15), X user Kim H Wong raised three important reasons behind this decision.

The first reason is the blockchain code of the project, which is said to be "not entirely open source." The other two reasons are the failure to complete third-party security audits and the assumption that Pi Network may not have applied for listing yet.

Wong argues that the project can quickly address the first two obstacles, while predicting that eventual support from Binance or Coinbase could trigger a significant price surge for PI. The analyst also notes the developments and achievements of the Pi Network ecosystem in recent months:

"With Pi Network launching a $100 million venture capital fund and Pi App Studio supporting AI application development, the ecosystem will definitely thrive and be widely adopted. Pi Network has achieved many milestones, the infrastructure is ready, and it is time to accelerate towards a bright future ahead."

"Dear pioneers, don’t just worry about daily price fluctuations, keep contributing and be patient, great rewards will come! We have great things on Pi to look forward to."

Will Binance Ever Say "Yes"?

Wong's post sparked a heated debate about whether Binance and Coinbase will ever accept PI. X user pinetworkmembers argues that this will not happen as long as they cannot operate their own nodes on-chain.

"And CT will not allow them in the near future. So forget about PI on Binance or any major exchange," they added.

This analyst is quite frank on this topic, often referring to the price movements of PI. Recently, they stated that this asset will not be able to achieve any significant growth during this bull cycle.

"I am the first to want to see PI at $10, but that will not happen in this bull market."

According to X users, factors preventing a surge in pricing include "lack of liquidity, increasing unlock amounts, low demand, low buying pressure, and CT having full control instead of accepting help from decentralised community developers."