- Crypto analyst suggests that the unusual currency management of the PI prevents Binance and Coinbase.
- Recently, 10 million coins are declined to decrease in supply manipulation.
- Despite strong societal support, the PI faces the challenges of listing before opening the distinctive symbol in April.
An analyst in the cryptocurrency suggested a theory explaining why the PI (PI) is noticeably absent from the main exchanges such as Binance and Coinbase, despite the great societal demand for such menus.
According to the analyst, transparency concerns related to PI network management practices may be the main obstacle to these prominent prominent partnerships.
Dr. Altokin, an encryption analyst at X, characteristics The PI list is delayed by what it describes as insufficient transparency from the PI Core (PCT) team, especially with regard to how they deal with the lock and burning of billions of PI coins currently under its control.
“Now I understand the best reason not to include PI in major exchanges like Binance and Coinbase. Most likely, the PI Core team was not transparent enough about the lock and heartburn mechanism that includes billions of PI coins currently owned by the Patent Cooperation Treaty,” Dr. Altcoin stated in his analysis.
The analyst previously noted that the PI’s circulating offer has decreased by 10 million coins to about 6.77 billion, indicating that the main team may set supply levels to influence prices stability. This practice, although it may be useful to maintain a balance of prices, raises questions about central control over the economics of the distinctive symbol.
“The last time a large number of PI coins have been opened, the wrong signal has been sent and caused panic. However, the Patent Cooperation Treaty still needs to be transparent on the PI burning mechanism and its plans to lock the majority of the coins owned by the cooperation treaty on innocence.
The PI can secure the main exchange lists
According to Dr. Altcoin, this lack of transparency creates an environment that external observers can explain these procedures as possible market treatment strategies. He suggested that the Pi Network may eventually secure lists of major exchanges as soon as the primary team improves its transparency practices and after the circulation of most of the community -controlled metal currencies at prices lower than one dollar.
This transparency related to transparency is in line with the problems that have been reported in advance in relation to the central network of PI, especially with regard to its Supernodes system. Beincrypt recently reported the questions surrounding the control of the network and the transparency of governance, the factors that may increase the complexity of PI acceptance by exchanging prominent cryptocurrency with strict listing standards.
Despite these challenges, the Pi Network continues to show the strength of society, recently exceeding 4 million followers through its social media channels. The popular support of the project was more proven by the Binance Survey, which revealed 86 % of the PI participants listed on the stock exchange.
However, this strong support for society has not yet been translated into procedures from Binance, which creates frustration among PI supporters. The separation between society’s desire and response to exchange is noticeable in particular, given the recent initiatives of Binance to integrate the inputs of society into listing decisions.
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