Binance Faces Criticism Over Potential Pi Network Listing Despite 85% Voter Support

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🚨 Crypto Chaos: Binance‘s Big Blunder? 🚨

Binance Faces Criticism Over Potential Pi Network Listing Despite 85% Voter Support

Oh, Binance, the world’s largest cryptocurrency exchange, and its latest brainchild: a community-driven listing of Pi Network (PI). Because, you know, what could possibly go wrong with that? 🤦‍♂️

Apparently, a whole lot, if you ask the critics. They’re up in arms, questioning the platform’s priorities and highlighting the potential risks. Because, you know, 398 coins listed on Binance just isn’t enough. 🤯

Pi Network Listing on Binance Sparks Concerns (and Face-Palms)

So, on February 17, Binance launched a community vote for Pi Network, because who needs a thorough evaluation process when you can just ask the internet? 🤷‍♂️

The voting ends on February 27, and currently, 85% of voters are all like, “Yeah, sure, list Pi!” Just one day before its mainnet launch, because timing is everything, folks! 🕰️

But not everyone is thrilled. Colin Wu, founder of the Wu Blockchain, is all, “Uh, Binance, what are you doing?!” 🤔

“I originally thought OKX was already playing it risky, but Binance took it even further with PI,” Wu said, because someone’s got to be the voice of reason around here.

Wu’s all, “Binance, focus on security and reputation, not chasing traffic and user registrations!” But, you know, where’s the fun in that? 🎉

This isn’t the first time Binance has faced criticism for its listing process. I mean, their former CEO, Changpeng Zhao (CZ), even said it’s “a bit broken.” 🤷‍♂️

Meanwhile, Wu’s all, “Binance, don’t list Pi, it’s a risk to the Chinese-speaking community!” But, you know, Binance is all, “Nah, we’ve got this.” 🙅‍♂️

“Binance has already become the infrastructure of this industry—it should focus more on security and reputation rather than chasing traffic,” Wu added, because someone’s got to be the adult in the room.

Binance’s all, “Don’t worry, we won’t count all the votes as valid.” Because, you know, that’s not sketchy at all. 🙄

“Votes from users reported in certain countries or regions, including but not limited to mainland China, will not be counted as valid,” the post read, because China’s not exactly known for its love of cryptocurrency.

The statement’s all, “We’ll consider the voting results for reference, but ultimately, we’ll do what we want.” Because, you know, that’s how democracy works. 🤣

So, apart from Binance, several centralized exchanges have announced Pi coin listings. But, you know, many industry experts are all, “Uh, guys, this might not end well.” 🤦‍♂️

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2025-02-19 13:19