The decision of top cryptocurrency exchanges to delay the listing of Pi Network has raised eyebrows but one analyst breaks it down.
Pi Network Needs A High Level Of Transparency
Pseudonymous crypto analyst Dr. Altcoin has explained the reason behind Pi Network’s absence on top cryptocurrency exchanges. According to a post on X, Dr Altcoin noted that the reason may be a lack of transparency by the Pi Core Team.
Dr Altcoin noted that the transparency issue revolves around Pi Network’s tokenomics. Per the analyst, information on the locking mechanism for Pi Network remains shrouded in mystery.
“It is likely that the Pi Core Team has not been transparent enough about the locking and burning mechanism involving the billions of Pi coins currently owned by the PCT,” read the post.
At the moment, Pi Network is not listed on centralized exchanges like Binance, Coinbase, and Coinbase. While whispers of an imminent listing are growing louder, Binance excluded the asset from its Vote To List program.
