Will Binance, Kraken, Coinbase, Upbit list Pi Network coin?
Pi Community, the carefully adopted tap-to-earn cryptocurrency community, will launch its mainnet on Thursday, February 20.
This mainnet launch can be a major milestone for a crypto undertaking that has been in improvement for six years and has operated in an enclosed mainnet since 2021.
It’ll permit pioneers to promote their Pi cash and allow over 100 builders to showcase their work to a worldwide viewers. These builders have constructed purposes throughout varied industries, together with decentralized finance and gaming.
The Pi Community mainnet launch is very anticipated attributable to its scale. At its peak, it had over 50 million customers, with 10.1 million of them having already migrated their tokens to the mainnet.
A key side of the mainnet launch can be its change listings. Main crypto exchanges, including OKX, HTX, Bybit, MEXC, and Bitget have confirmed they’ll record the Pi coin as quickly because the mainnet goes reside.
Binance Pi Community itemizing ballot
Binance, the most important crypto change, has taken a unique strategy by conducting a ballot on whether or not it ought to record Pi. Members should have a minimum of $5 of their accounts to vote. Information reveals that over 88% of individuals assist the itemizing.
The ballot will run till Feb. 27, and the result’s unlikely to alter. The ballot’s remark part reveals sturdy assist for the itemizing, with many customers believing Pi may turn out to be one of many largest cryptocurrencies within the business.
However, critics argue that Pi Community seems to be a rip-off. Whereas Pi has confronted accusations of being a fraud or a pyramid scheme for years, no conclusive proof has emerged to assist these claims.
Different outstanding exchanges, resembling Coinbase, Kraken, and Upbit, haven’t confirmed whether or not they’ll record Pi Community’s coin. Traditionally, these exchanges have been extra cautious with newly minted tokens and have but to record some fashionable property like Hamster Kombat and Catizen.
An inventory on these main exchanges could be a major increase for Pi Community attributable to their market attain. Upbit is the most important change in South Korea, whereas Coinbase and Kraken maintain substantial market shares in america.
Implication on Pi coin value?
Traditionally, change listings by main exchanges like Coinbase, Kraken Upbit and Binance results in a better coin value.
Pi coin value will possible have an analogous pump when the itemizing occurs. Nevertheless, in Binance’s case, the worth motion could also be muted since market individuals have already priced in it.
Additionally, the itemizing will occur 7 days after the mainnet launch occurs, when the hype could have diminished.
