#PIOnBinanceYesOrNo #BinanceAlphaAlert Analysts Defend Pi Network’
Crypto
Pi Network is a project six years in the making; some members of the crypto community believe the period is painfully long for a development phase, no matter how good the token’s ecosystem will be. However, supporters argue that its innovative approach to mobile mining and global adoption makes it one of crypto’s best products yet.
Following the back and forth that crypto investors are having over the token’s legitimacy, Binance has announced a community vote to determine whether Pi should be listed on the exchange.
On Monday, the largest crypto exchange by trading volume announced on Binance Square that users who would like to participate must be logged into their verified accounts holding at least $5 throughout the voting period.
Each user can cast a single vote between February 17, 2025, at 14:45 UTC and February 27, 2025, at 23:59 UTC. Votes will be counted only if posted under the official Binance Square announcement.
Daily updates on voting results will be provided, but Binance insists the final results will only be confirmed after removing non-eligible votes and those that violate the platform’s conditions.
Analysts defend Pi Network’s credibility
Pi Network has long been heavily criticized because of its “long development process” and lack of exchange listings. Some skeptics compare it to past Ponzi schemes, while others accuse the team of stalling its launch to maintain engagement.
Analyst Kim Wong, in a February 16 post on X, defended Pi’s credibility, saying it’s the only crypto network to “allow instantaneous cross border bartering and transactions.”
According to Wong, Pi has been distributed in over 200 countries, boasting over 100 million registered users, of which 65 million remain active. He went on to explain that 19 million users have completed KYC verification, with approximately 10.5 million already holding Pi in their wallets.
“Pi Network has been distributing wealth $ETH
