Pi Network Wins Binance Vote: When Listing?

Pi Network, the popular mobile mining project, has won a huge vote from within the Binance community. This win comes after several big steps forward for Pi, including the launch of its Open Network and listings on various major exchanges. But will this vote lead to Pi being listed on Binance, the world's biggest crypto exchange?

Pi Network's Big Month

The last few weeks have been huge for Pi Network, a project which lets people mine cryptocurrency using their mobile phones and has built an enormous community of users nicknamed "Pioneers”.

On February 20th, Pi Network launched its Open Network. Since said launch, Pi Network has become open for external connectivity, transitioning away from the previous Closed Network stage. Along with this big step, the PI token has been listed on several major crypto exchanges such as OKX and MEXC, allowing people to buy and sell it more easily.

Not everything has been positive, though. Ben Zhou, the CEO of Bybit (another major crypto exchange), made harsh comments about Pi Network. Pi Network's team has since responded quickly to these comments to defend their project.

With so much happening, many people wonder how Pi Network will keep up its momentum and excitement. 

A listing on Binance could be the answer.

The Binance Community Vote

Just days before Pi launched its Open Network, Binance started a community vote through Binance Square. The vote asked a simple question: "Should Pi Be Launched on Binance?"

The vote ran from February 17th to February 27th. During this time, there was much debate. Some people claimed Pi Network to be a scam, while Pi's community of Pioneers strongly defended the project.

The results are now in, and the answer was clearly "Yes." According to various reports, more than 200,000 people voted in favor, with a strong majority supporting the listing of PI on Binance.

Will Binance List Pi Network?

Even though Pi Network won the vote, this doesn't guarantee that the PI token will be listed on Binance. The community vote is just one of many factors Binance considers when deciding whether to list a cryptocurrency.

Other Factors Binance Will Consider

Binance looks at many things before listing a new token. These may include:

• Potential trading volume
• Project reputation
• Technical strength
• Community support

While winning the vote doesn't guarantee a listing, it certainly helps Pi Network's case. Strong community support often indicates high trading volume, which is important for exchanges as a means of revenue and market share.

Binance might also be encouraged by how PI is performing on other exchanges. For example, PI has seen more than $530 million in trading volume on OKX in just the last 24 hours, per CMC data.

The Waiting Game…

No one can say for sure if or when Binance will list Pi Network. The exchange doesn't have to follow the community vote, even though it's an important signal.

Pi Network's community remains hopeful, however. The project has shown strong momentum with its Open Network launch and listings on other major exchanges. The high trading volume on platforms like OKX suggests there would be active trading if PI were listed on Binance.

For now, Pi Network supporters will have to wait for an official announcement from Binance. If a listing does happen, it would be a major milestone for the controversial project that started as a simple mobile mining app.