WHY PI NETWORK IS STRUGGLING TO BE LISTED ON COINBASE AND BINANCE!
Pi Network's struggles to be listed on major cryptocurrency exchanges like Coinbase and Binance can be attributed to several factors:
Lack of Transparency: Pi Network has been criticized for its lack of transparency in tokenomics and unclear project details, raising concerns about security, transparency, and potential market manipulation.
Not Fully Open-Sourced: The project's code is not fully open-sourced, which is a significant concern for exchanges that prioritize transparency and security.
No Third-Party Security Audit: Pi Network hasn't undergone a third-party security audit, which is essential for ensuring the platform's security and protecting users' funds.
Centralized Governance: Pi Network's centralized governance model, where the core team retains significant control, raises questions about the project's long-term resilience and censorship resistance.
Lack of Market Liquidity: Pi Network's low trading volume and lack of external market liquidity make it challenging for exchanges to assess its market activity and stability.
Regulatory Ambiguity: The project's unclear regulatory status and potential risks associated with it may deter exchanges from listing Pi Network.
Know Your Business (KYB) Process: Pi Network's strict KYB verification process for exchanges may also contribute to the delay in listings.
-Possible Lack of Application: Some speculate that Pi Network may not have applied to these exchanges for listing, which could be a simple reason for its absence .#CPIWatch #BTCWhaleTracker #StrategyBTCPurchase #pi