The team of the largest crypto exchange Binance is exploring the possibility of listing the cryptocurrency PI controversial project Pi Network. In X trading platform appeared a message asking subscribers to indicate their attitude to the coin
The listing of PI on Binance could be an important event in the life of the project, as the launch of trading on major exchanges often throws the cryptocurrency's rate to new heights.
On the evening of February 17, a post appeared in the X (former Twitter) of the crypto exchange Binance, in which the platform's team talked about studying the prospects of listing the Pi Metwork cryptocurrency. Representatives of the platform asked subscribers to tell how they would feel about the launch of trading in the coin. To find out whose votes outweigh, the developers launched a poll.
Opinions are divided. Supporters of the cryptoproject vote in favor. Opponents of Pi Network remind Binance about the questionable nature of the coin. Here are a few arguments of critics who are sure that the project is a scam:
The app collects personal data. It is unknown how and where they are stored. If desired, the project team can sell the information on the black market.
The project team has been caught fudging data several times. For example, the developers, according to critics, exaggerate the audience of the project and the value of its cryptocurrency.
The scheme of Pi Network's work is similar to a financial pyramid scheme.
More about these and other arguments of critics, which point to the suspicious nature of the project, told in a separate review.
The Pi Network project appeared in 2018. The developers offered users an alternative way to mine cryptocurrency. To work, only an application is enough, in which you need to log in regularly. For more than six years, Pi Network supporters have been collecting tokens in the hope that one day the project team will launch its main network, and the coins will be brought to the exchanges. The good news appeared on the network on February 12, 2025. The developers announced plans to launch the main network on February 20.
Against the background of the news release, crypto exchanges began to publish statements about preparations for the listing of PI. Among other things, the team of one of the largest trading platforms, OKX, announced its desire to launch trading in the project's cryptocurrency. The connection with the suspicious project could negatively affect the reputation of the crypto exchange. The risks didn't stop OKX.
The team of another crypto exchange Bitget first also announced the listing of the coin, but then removed all mentions of the project. The representatives of the platform explained their behavior by their unwillingness to support a cryptocurrency that could hurt investors.
The Binance team took a different path. First, the developers decided to probe the ground to decide whether they should contact Pi Network.
Meanwhile, PI on the premarket is feverish. As recently as yesterday, IOU contracts for the cryptocurrency were trading at $200. By the morning of February 18, they had fallen to $72.
