Why Binance Won’t Touch Pi Coin: The Tea is Spilled ☕

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Pi Coin’s price has been doing the cha-cha—up to $2.98, down to $0.50, and now sulking at $0.63. 🎢 It’s like watching a soap opera, but with more tears and less drama. The real kicker? Pi’s absence from big-league exchanges like Binance and Coinbase. It’s like throwing a party and forgetting to invite the cool kids. 🥳

Enter Nguyễn Hà Minh Thông, founder of Cabo Capital, who’s basically the Sherlock Holmes of crypto. 🕵️‍♂️ He’s spilled the beans on why Binance is giving Pi the cold shoulder. Spoiler: Pi might think it’s too cool for Binance, but without it, it’s just another token in the crypto wilderness. 🌵

Limited Open Market Activity:

Pi’s mainnet has been live since late 2024, but it’s still in its “enclosed” phase. 🚪🔒 Binance, however, is all about transparency and open blockchains. It’s like trying to sell a car with the hood welded shut. 🚗

Unclear Tokenomics:

Pi’s total supply is 100 billion tokens, but only 6.8 billion are out there. And guess what? The Pi Core Team just casually removed 10 million tokens. 🪄 Binance needs clear data, not a magic trick. 🎩

Regulatory Concerns:

Binance is already in hot water with regulators, especially in the U.S. 🌡️ Pi Network? Not officially recognized anywhere. In Vietnam, it’s a no-go, and in China, it’s labeled as a “multi-level marketing project.” 🚩 Listing Pi could be like inviting a tornado to a tea party. ☕🌪️

Lack of Liquidity and Market Activity:

For Binance, liquidity is king. 👑 Pi, however, trades mainly through OTC channels like Telegram and small exchanges. It’s like trying to sell a Picasso at a garage sale. 🎨

Centralization Issues:

Pi Network has been called out for being too centralized, with the Pi Core Team controlling all mainnet nodes. 🎮 Binance loves decentralization, like Bitcoin and Ethereum. Pi? Not so much. It’s like showing up to a democracy rally with a crown. 👑

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2025-04-06 15:22