In no way Binance thinks about the fees they could collect from millions of people trading PI.
FormulaCryptoUpdates
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I Don't Know Why Some People Still Delude Themselves Binance Will Never List Pi.
CZ And Richard Teng Must Read This.
Apart from the fact that 85 percent of Binance users approved the listing of Pi, here are 3 Reasons why Pi Will Explode After Binance Listing.
1. Supply Model and Mining Mechanism
Pi Network follows an negative exponential declining token issuance model, where mining rates decrease over time based on time and network growth and participation. Pi Network has built an integrated ecosystem that felicitates real world transactions and decentralized applications. Pi can be used as a medium of exchange for goods and services, including online commerce and local-brick-and-mortal businesses. Users can engage the Pi Core Team and community built apps in the Pi ecosystem through the Pi Browser, where integrated features like the Pi Wallet provide seamless growing adoption. In the Pi Browser, there are apps like the following;
a. Fireside Forum, which features like X (formerly Twitter) where members can have personal profile account. This will soon be a public domain. b. Chat rooms, where members interact and provide solutions to issues. c. Brainstorm, where developers send their apps to the community for reviews. d. Pi Wallet, a web3 wallet that stores the coins of members e. KYC app, where requests for Know Your Customer is processed for approval. f. Blockchain Explorer, that transmits live transactions on Pi Blockchain. g. Mining app, where members tap their phones every 24 hours to earn Pi.
2. The Founders Of The Network Are Not Faceless; They are well known in the crypto world.
Pi Network was founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan both of whom have PhDs from Stanford University and a passion for improving human lives through technology. Dr. Kokkalis has PhD in EE and post doctoral in CS with research on distributed systems and human computer interactions to bring cryptocurrency to everyday people. Dr. Fan holds a PhD in Anthropological Sciences, harnessing social computing to unlock human potential on a global scale. She built Pi Network to mobilize individuals all over the world to participate and be rewarded for their contributions, and establish an inclusive system for global citizens to unleash and capture their own agency, and in turn create utilities for societies and the world.
3. Compliance and Identity Verification
Pi Network follows a one-account-per-person policy through its Know Your Customer, KYC, solution. This system combined machine automation and human verification to authenticate user identities while preserving privacy. The KYC process emphasizes real individuals, combats fraudulent activities and enables fair participation in mining process of network. Pi's identity verification approach balances scalability, security, and accessibility, allowing millions of users to validate their accounts while maintaining compliance.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.