Binance Faces Criticism Over Potential Pi Network Listing Despite 85% Voter Support
Binance has reopened token listings via community votes, considering adding Pi Network, sparking concerns from critics.
Despite 85% vote support, experts question Pi Network's potential risks, citing security and reputation concerns.
Binance defends its decision, clarifying vote validity criteria and emphasizing internal evaluation for final listing.
Binance, the world’s largest cryptocurrency exchange, has drawn backlash after reopening its token listing by community vote and considering adding Pi Network (PI).
The decision has faced significant pushback, with critics questioning the platform’s priorities and highlighting the potential risks.
BeInCrypto reported that on February 17, the exchange launched a Binance Community Vote for Pi Network. This marketing-driven polling event lets users voice their opinions on whether Pi should be listed on the exchange.
The voting for the Pi Network listing ends on February 27. Currently, 85% of voters support listing Pi, just one day before its mainnet launch. Moreover, the project has gained remarkable traction and visibility within the crypto community.