For years, Pi Network has kept its users in a cycle of uncertainty, with inaccessible balances, prolonged KYC (Know Your Customer) delays, and questionable token control. Despite this, some still anticipate a Binance listing—but that remains highly unlikely. Here’s why Binance’s decision to reject Pi Network is justified:
1. Millions of Locked Coins
Pi Network users cannot freely transfer or trade their tokens, as their balances remain locked. This artificial restriction prevents price discovery and shields the project from a potential market crash.
2. KYC Challenges and Manipulation
Many users have faced extended KYC verification delays—some waiting for years—while others find themselves unexpectedly blocked from migrating their tokens. The lack of a clear and fair process raises concerns about the project's credibility.
3. Centralized Control
A small fraction of users have access to their Pi tokens, while the majority remain unable to use or trade their holdings. This suggests that the project is under the tight control of its insiders rather than operating as a truly decentralized network.
4. Hype Over Utility
While ordinary users remain in limbo, ambassadors and influencers continue to promote Pi Network, keeping the hype alive without offering genuine utility or transparency.
The Verdict: No Listing Without Transparency
Until Pi Network demonstrates full transparency and decentralization, Binance is making the right call by refusing to list it. As it stands, Pi Network appears more like a carefully managed scheme than a legitimate cryptocurrency.