In a surprising turn of events, Binance, the world’s largest cryptocurrency exchange, is facing intense criticism from supporters of the Pi Network. This uproar comes after Binance decided not to list the highly anticipated Pi cryptocurrency, despite a recent survey showing overwhelming support for its inclusion. The situation has escalated into a campaign of one-star reviews on app stores, demonstrating the passionate commitment of Pi Network supporters.
Binance Faces Backlash Over Pi Network Listing
Recently, Binance conducted a survey that indicated a staggering 85% of respondents wanted Pi Network to be listed on the platform. However, Binance clarified that the survey was merely for reference and did not guarantee a commitment to listing the coin. This statement left many supporters feeling frustrated and misled, as they had hoped their voices would lead to a positive outcome.
Pi Network Supporters Initiate Review Bombing
As a form of protest, thousands of Pi Network supporters flooded app stores with one-star reviews for the Binance app. This action has significantly impacted Binance’s ratings, which plummeted from a stellar 4.9 to a disappointing 3.8 on Google Play and from 4.8 to 4.2 on the App Store. These drastic declines in ratings highlight the deep disappointment felt within the Pi community regarding Binance’s lack of action.
Binance’s Due Diligence Process and Pi Network’s Shortcomings
While many users rallied for Pi Network’s listing, Binance pointed out several concerns that influenced their decision. Analysts have raised red flags about the technical aspects of Pi Network, noting a lack of smart contracts and open-source code, which can hinder its credibility as a cryptocurrency. Additionally, the mainnet nodes of Pi Network are still under the control of its founding team, which raises questions about decentralization.
Could Pi Network Be Listed Soon?
Amid the uproar, it’s important to recognize that Binance also recently introduced a decentralized voting system aimed at involving users in token listings. According to reports, Pi Network received impressive backing in a community vote, with 88% of participating users favoring its listing. This strong support reflects the enthusiasm of Pi Network enthusiasts who were eager for their cryptocurrency to gain exposure on a larger platform.
Current Market Performance of Pi Network
Currently, the Pi Network holds an approximate value of $1.81, yet its future on Binance remains uncertain. Despite the community’s enthusiasm and the high percentage of support in the recent vote, Binance’s strict listing standards may continue to impede Pi Network’s entry onto the exchange. It seems that support and passion alone may not be enough to sway the big players in the crypto world.
Table: Binance App Ratings Comparison
| Platform | Rating Before | Rating After | Number of Reviews (approx.) |
|---|---|---|---|
| Google Play | 4.9/5 | 3.8/5 | 2,860,000 |
| App Store | 4.8/5 | 4.2/5 | 12,400 |
This table underlines the dramatic impact of the community’s review bombing on Binance’s app ratings. It serves as a reminder of how engaged and organized cryptocurrency communities can be when they feel their interests are not being met.
As the conversation continues, it is evident that the relationship between major exchanges and cryptocurrencies like Pi Network will require more transparency and communication to ensure both parties feel heard and valued. Only time will tell how this situation resolves, but the community’s passion is certainly a force to be reckoned with.
