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Pi coin, why hasn't BNB been listed? The expert explains!
Pi coin, why hasn't Bnb been listed?
The well-known expert known as Dr. Alcoin believes that the exclusion of the BYE currency is due to a lack of transparency in the BYE Core team (PCT). In particular, the opaque nature of the mechanisms for locking and burning billions of BYE coins may be the main reason for this delay. In this context, the expert states the following:
Now I understand better why Pi has not been listed on major exchanges like bnb. It is likely that the Pi Core team has not been transparent enough regarding the closing and burning mechanism that involves billions of Pi coins currently held by PCT.
The analyst previously noted that the circulating supply of Pi has decreased by 10 million to reach 6.77 billion. According to the expert, this means that the core Pi Network team can adjust the supply to balance the prices. The expert said: "When a large number of Pi coins were opened last time, it sent a false signal and caused a panic sell-off. However, the PCT burn mechanism and PCT plans to secure most of the Pi tokens held are still opaque."
According to Dr. Altcoin, the lack of transparency makes it easy to interpret this as potential plans for market manipulation. He also pointed out that when the Pi Core team improves transparency, and when most of the coins held by the community are traded for less than one dollar, Pi Coin may eventually succeed in listing. These factors could delay the acceptance of Pi by high-end exchanges like Bnb.
The Pi Network community is facing a barrier!
Despite these concerns, the Pi Network still has significant community support. Recently, it surpassed 4 million followers on social media. This indicates that it has a strong user base. Additionally, a Bnb survey showed that 86% of participants want to list Pi on the exchange.
However, Bnb has not moved yet, leading to controversy. Despite strong support from voters in the community survey, the listing of Pi remains uncertain, increasing the disappointment of its supporters. The voting process for the listing of Pi Network on Bnb took place under the exchange's commitment to involve the community in the listing and delisting processes.
Warning: The locks of the Pi currency will be opened!
In addition to the ambiguity, the Pi Network is preparing to unlock another token in April after the release of 188 million tokens in March. These unlocking operations, particularly due to the lack of clarity on how PCT handles locked and burned currencies, have raised concerns about price manipulation.
Pi Coin Network Token Unlocking Program
According to the data available on ExplorerPi, the Pi Network will unlock more than 91.9 million tokens of Pi in April. Based on the current market price of $0.906, this volume of Pi Coin is estimated to be around $83 million. A study by Keyrock reveals that unlocking tokens negatively impacts the prices of 90% of them. Therefore, unlocking a token of this magnitude may affect the price of Pi Coin.
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