Binance has launched the second edition of its Vote to List initiative, excluding Pi Network and dimming hopes for a near-term listing on the exchange.
Pi Network is notably missing from Binance’s Vote to List initiative for the second time. The exchange is moving forward with the decentralized listing program. Currently, Pi Network’s price faces bearish sentiments.
According to a press release, Binance has opened voting for its second Vote to List initiative. Twelve tokens are up for community voting, with Binance planning to spot-list the successful tokens. The selected tokens are VIRTUAL, BIGTIME, UXLINK, MORPHO, GRASS, ATH, WAL, SAFE, ZETA, IP, ONDO, and PLUME.
Binance excluded Pi Network from its first edition of the Vote to List initiative in March, clarifying that only BNB-based projects can participate. Despite this, Binance could still list Pi directly in the future, though a timeline isn’t available.
Experts suggest that Binance has not listed Pi Network due to a lack of transparency from The PiCoreTeam (PCT), particularly regarding disclosures on the Pi Network’s locking and burning mechanism.
Pi Network recently secured a listing on the BTCC Exchange. The PCT’s domain auction is underway with over 200,000 bids.