Pi Network is a cryptocurrency platform that uses a consensus model called the Stellar Consensus Protocol (SCP), which allows for the creation of a decentralized and secure network without the need for mining.

Pi Network does not need to be listed on traditional exchanges for several reasons:

1. *Distribution model*: Pi Network uses a distribution model called “Mobile-First”, which allows users to obtain Pi tokens for free just by using the app and contributing to the network.

2. *Decentralized network*: Pi Network is a decentralized network, which means there is no central authority controlling the issuance of tokens or the governance of the network.

3. *No need for liquidity*: Since Pi Network is not a traditional cryptocurrency that needs to be traded on exchanges, there is no need for liquidity to keep the network running.

However, exchanges may want to list Pi Network for several reasons:

1. *Market demand*: If Pi Network becomes popular and there is a high demand for Pi tokens, exchanges may want to list the cryptocurrency to meet investor demand.

2. *Profit potential*: Exchanges may see Pi Network as a profit opportunity as they can charge fees for trading and other cryptocurrency-related services.

3. *Product diversification*: Exchanges may want to list Pi Network to diversify their products and provide more options for investors.

It is important to note that Pi Network is still a relatively new cryptocurrency and it is unclear whether it will be listed on traditional exchanges in the future.