Binance, the largest cryptocurrency exchange by trading volume, has initiated a poll to determine if Pi Network should be listed on its platform. This move follows extensive discussions within the Binance community about the potential listing. The poll is open to users with verified accounts holding at least $5 in assets, and will conclude on February 27. Despite the poll, an immediate listing is not guaranteed.

The Pi Network's Open Network phase is set to launch on February 20, enabling PI to be traded on exchanges. However, the market remains skeptical, as Pi IOUs have surged 44% in anticipation, yet appear significantly overpriced. With a projected circulating supply of 6 billion coins, the implied market cap at current IOU prices suggests an unrealistic valuation. Caution is advised for traders engaging with IOUs, as they may not accurately reflect the coin's true market dynamics.