Binance, the world's leading centralized crypto exchange in terms of trading volume, has recently conducted a community vote that may pave the way for the introduction of Pi Coin (PI) on its platform. The results, unveiled on Binance Square, indicated that an overwhelming 86% of participants favored the listing of this mobile-mined cryptocurrency. This milestone signifies a significant move towards integrating Pi Network’s native currency into the wide array of tradable assets available on Binance.
The survey, which commenced on February 17, garnered a total of over 294,957 votes, despite only 0.12% of Binance's massive 250 million user base partaking in the vote. It's important to highlight that only eligible votes meeting specific criteria were considered valid, according to Binance. The final decision regarding the launch of Pi Coin will be subject to a rigorous review process irrespective of the community vote results.
Pi Network, the driving force behind Pi Coin, has witnessed exceptional growth since its inception, boasting more than 60 million actively engaged members. The potential listing of Pi Coin on Binance could potentially amplify its adoption and market penetration. Beyond just increasing visibility, listing on Binance could improve liquidity and stability, fundamental factors for broader acceptance in mainstream markets.
The speculative excitement surrounding the potential Binance listing contrasts with Pi Coin's recent market performance, experiencing a significant 20.8% decline in its value over the past day, trading at $2.3 at the latest data point. This decline came shortly after reaching an all-time high, hinting at a potential correction as bullish momentum seemed to wane.
Nonetheless, Pi Coin has exhibited resilience in comparison to the broader cryptocurrency market, boasting an impressive 213.1% price surge over the past seven days while global crypto markets experienced a 14.2% decline. Furthermore, Pi Coin has surpassed other Layer 1 (L1) cryptocurrencies, which saw an 18.0% downturn.
Pi Network's community eagerly anticipates the upcoming Pi Day celebration on March 14, a significant date commemorating the mathematical constant (pi) and the project’s launch back in 2019. This annual celebration is highly awaited by Pi supporters and could add another thrilling dimension for Pi holders as they eagerly await further developments in the coin's journey.