- Crypto analyst PI Network claims that opaque money management prevents Binance and Coinbase lists.
- Recently circulating supply causes questions about the decrease of 10 million coin and supply manipulation.
- Despite its strong community support, PI Network continues to list the challenges before the opening of the April Token lock.
Despite a significant community demand for such lists, a crypto money analyst proposed a theory that explains why PI Network (PI) did not make major changes such as Binance and Coinbase.
According to the analyst, transparency concerns about PI Network’s money management applications may prevent these high -profile change partnerships.
Dr. Altcoin is a crypto analyst on X, features Pi’s listing delays what it describes as insufficient transparency from the PI Core team (PCT) about how they deal with billions of pi coins under their control.
Altcoin, in his analysis, “Now I understand better why PI is not listed in large stock exchanges like Binance and Coinbase. Probably, the PI Core team is not transparent enough about the locking and burning mechanism containing the billions of PI coins of the PCT right now,” he said.
Analyst has previously observed that PI’s circulating supply has decreased by 10 million coins, which suggests that the nuclear team could adjust the supply levels to affect price stability. Although this application is potentially useful to maintain price balance, it reveals questions about central control over the economy of the coin.
“Numerous PI mine money was opened for the last time, sent the wrong signal and caused panic sales. However, PCT’s PCT’s PI mine coins have to be transparent about locking the majority of the PI mine coins,” he added, emphasizing the previous token lock.
PI Network can guarantee big exchange lists
According to Altcoin, this lack of transparency creates an environment in which external observers can interpret these actions as potential market manipulation strategies. Pi Network, core team’s transparency applications, and the community kept by the community, most of the coins under the prices below $ 1, the prices of the large stock exchanges can secure the lists.
These transparency concerns are compatible with the previously reported issues regarding the centralization of PI Network, especially in relation to the Supernod System. Beincrypt has recently reported about questions surrounding network control and governance transparency, which is the factors that can make it further complicated by PI’s strict listing criteria with significant crypto currency exchanges.
Despite these difficulties, PI Network has recently continued to show the community power that has recently exceeded 4 million followers on social media channels. The popular support of the project has been further proven by a Binance research, which reveals that 86% of the participants wanted PI to be listed on the stock market.
However, this powerful community support has not yet been translated into Binance’s listing action and has disappointed among PI supporters. The disconnection between the desire for the community and the replacement response is particularly remarkable, considering Binance’s attempts to include community inputs in listing decisions.
