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#StrategyIncreasesBitcoinHoldings
Pi Coin, Why Was BNB Not Listed? Expert Explains!
Why was Pi Coin and Bnb not listed?
The expert known as Dr. Altcoin attributes the non-listing of Pi coin to the lack of transparency of the Pi Core Team’s (PCT). In particular, the non-transparent nature of Pi Network's mechanisms for locking and burning billions of Pi Coins may be the primary reason for this delay. In this context, the expert states:
I now better understand why Pi is not listed on major exchanges like BNB. The Pi Core Team has probably not been transparent enough regarding the locking and burning mechanism involving the billions of Pi Coins currently held by PCT.
The analyst had previously noted that the circulating supply of Pi has decreased by 10 million, dropping to 6.77 billion. According to the expert, this means that the core team of Pi Network can adjust the supply to balance the prices. The expert stated, "The last time a large number of Pi Coins were unlocked, it sent the wrong signal and caused a panic sell-off. However, the PCT's Pi burning mechanism and the plans to lock most of the Pi tokens owned by PCT are still not transparent."
According to Dr. Altcoin, the lack of transparency facilitates the misinterpretation of this as potential plans for market manipulation. Additionally, he suggested that when the Pi Core team improves transparency and most of the coins held by the community are trading below 1 dollar, Pi Coin may eventually succeed in getting listed. These factors could further delay Pi's acceptance by top exchanges like Bnb.
The Pi Network's community request is facing a barricade!
Despite these concerns, Pi Network continues to have significant community support. Recently, it surpassed 4 million followers on social media. This indicates a strong user base. Moreover, a Bnb survey revealed that 86% of participants wanted Pi to be listed on exchanges.
However, Bnb has not yet taken action, which has led to discussions. Despite significant voter support in a community survey, the listing of Pi remains uncertain and fuels frustration among its supporters. The voting for the listing of Pi Network on Bnb took place amid the exchange's determination to involve the community in listing and delisting actions.
Attention: Pi Coin locks will be opened!
In addition to the uncertainty, Pi Network is preparing to unlock another token in April following the release of 188 million tokens in March. These unlocking operations have raised fears of price manipulation, particularly due to the lack of clarity regarding how PCT handles locked and burned coins.
Pi CoinPi Network Token Unlocking Program.
According to data from ExplorerPi, the Pi Network will unlock more than 91.9 million Pi tokens in April. According to market rates of $0.906 as of this writing, this volume of Pi Coin is worth approximately $83 million. A Keyrock study reveals that 90% of token unlocks drive prices down. Therefore, for Pi Coin, unlocking a token of this size could affect the price of Pi Coin.