**Exciting Times Ahead: Binance’s New Community-Driven Listing Model Sparks Buzz for Pi Network**
Binance’s innovative listing model, which empowers users to vote on token listings, has ignited excitement around the possibility of a Pi Network listing. With Pi Network’s increasing market activity and robust community backing, it stands out as a prime candidate for Binance’s fresh listing approach. This new model allows Binance users to have a say in the listing process through a “Vote to List” and “Vote to Delist” system, effectively shifting the power to the community. To participate in the voting, users need to maintain a minimum balance of 0.01 BNB in their accounts. Binance is enhancing its listing framework by introducing the Community Co-Governance Mechanism for Listings, which aims to foster greater community involvement and amplify user voices in the listing decisions.
Since its mainnet launch on February 20, Pi Network has experienced remarkable growth, attracting millions of users to its platform. Despite its rising popularity and active trading across various exchanges, Pi Coin has yet to make its debut on Binance. A community vote regarding the listing of Pi Coin took place from February 17 to February 27, where an impressive 87% of the 232,676 valid votes cast supported the listing, while only 12.9% opposed it. With such overwhelming community support, Binance is now facing increasing pressure to adhere to its new model and consider adding Pi Coin to its exchange. If Binance remains committed to this approach, a listing could be on the horizon.
Experts in the crypto space are weighing in on the potential implications of Pi Network’s listing on Binance. Analyst Kim H Wong has noted that Pi Network distinguishes itself from other crypto projects by striving to establish a functional digital economy. Within its ecosystem, Pi Coin can be utilized for real-world transactions, including purchasing goods and services in its marketplace and powering various decentralized applications (dApps).
Wong highlights some key facts about Pi Network: it is unique among crypto projects, aiming to create a digital economy where Pi coins facilitate real-world transactions and support a wide range of decentralized applications. The strength of the Pi Network community is another significant factor contributing to its popularity. With over 150 million downloads of the app, 65 million active users, and 4 million followers on social media, it boasts one of the most engaged communities in the crypto space. Since its mainnet launch, Pi Coin has already been traded on several centralized exchanges, achieving a daily average trading volume of around $1.5 billion. Wong believes that given these favorable conditions, it’s only a matter of time before Binance and other major exchanges list Pi Coin.
The excitement surrounding Pi Network and its potential listing on Binance is palpable, and the community is eager to see what the future holds!
