Binance has seen an increase in one-star reviews as Pi Network supporters expressed frustration over the lack of listing for Pi coins.
Binance, the largest cryptocurrency exchange in the world, is facing backlash after Pi Network supporters flooded the app with one-star ratings on both Google Play and the Apple App Store.
These reviews stem from the frustration caused by Binance's failure to list Pi coins on its platform despite previous surveys indicating strong support for the listing.
A post in the Pi Network group on Facebook, which has over 135,000 members, urged users to "rate Binance one star for disrespecting the Pi Network project."
Similar calls to action spread on Facebook and X, where many users claimed to have followed these calls. However, some critics argued against this move.
Between February 17 and February 27, Binance conducted a poll via its official Binance Square account to gauge interest in listing Pi.
While over 85% of participants supported the listing, Binance clarified that the survey results were for indication only and would not determine any official action.
On March 1, Binance updated the survey results but stopped committing to listing Pi, asserting that the listing process involves comprehensive due diligence, which includes evaluating the project's quality, team, market demand, use case, technological innovation, and compliance.
Huang Anh, who is in charge of another large group affiliated with Pi Network on Facebook, noted that many Pi supporters mistakenly believed that the survey results would lead to their listing.
He stated that this misunderstanding led to frustration among users who had completed identity verification and deposited at least $5 to participate in the survey. He explained that "due to feeling deceived, the only way to express their anger was through one-star ratings."
Binance's rating on Google Play dropped from 4.9/5 to 3.8/5, with 2.86 million ratings.
On the App Store, the rating dropped from 4.8/5 to 4.2/5, with around 12,400 ratings. Many one-star reviews accuse Binance of "deceiving users into depositing money to vote for Pi" and "disrespecting the Pi Network project."
This is not the first time Pi Network supporters have targeted a cryptocurrency exchange due to the project's listing.
ByBit, a competing exchange, faced similar backlash, as its rating on Google Play dropped from 4.7/5 to 2.8/5 after its CEO, Ben Zhou, issued warnings about Pi Network being a potential scam.
Despite the pressure, analysts point out that Binance may have legitimate reasons to withhold Pi from its platform.
Blockchain expert Anh Bang pointed out that despite launching its mainnet after six years, Pi Network has not yet released essential elements such as smart contracts and open-source tokens, which are vital for the cryptocurrency project.
Moreover, the decentralized structure of the project has been questioned, as all active mainnet nodes are controlled by the Pi Network team, not a distributed network of independent validators.
The Pi Network, launched in 2019, has had its share of controversy.
The project initially gained interest as it allows users to mine Pi through its mobile app, without requiring significant computational power.
However, the network's slow pace in launching its mainnet, which finally occurred in February 2025, has raised doubts about the project's long-term viability.
The ongoing dispute over listing Pi has raised concerns that further isolation of exchanges could harm the project's future.
Huang Anh warned that "not only Binance, but other exchanges may also hesitate to engage with the Pi Network community if they fear violent backlash for not meeting expectations." "Losing Binance could ultimately harm the Pi project more than it benefits it."
Founded in 2017, Binance became the largest cryptocurrency exchange globally by 2018, with a daily trading volume of around $22 billion, according to CoinMarketCap.
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"Moreover, the decentralized structure of the project has been questioned, as all active mainnet nodes are controlled by the Pi Network team, not a distributed network of independent validators."
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🚨🚨🚨There is still a lot of controversy when it comes to the Pi Network. Their complete lack of transparency is just one of the issues and the reason why the largest cryptocurrency exchange has not listed them. I stand by Binance. Because as of 2019, the Pi Network still does not meet all the listing criteria. This means there are still two possible outcomes. A simple scam or the future. We will see soon... Anyway, after the Pi deadline, millions of users will be disappointed when it fails to meet all necessary requirements, which have been barred by the core Pi team.
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