Recently, a major focus of the community has been that the Pi Network will officially open its on February 20, 4:00 pm Taiwan time this week. Currently, exchanges such as , , and the Pi Network have all announced that they will list the PI token on the same day.

Further reading: Latest on Pi Coin in 2025: What is Pi Coin? Can you mine it on your phone? KYC risks before mainnet launch, how to trade, and token supply breakdown

Binance's poll on whether to list Pi Network

However, it is worth mentioning that although Pi Network is very well-known in the space, Bybit CEO Ben Zhou previously directly announced that they would not list the token:

Today, a bunch of people asked me if I want to list pi, and I said don't be fucking stupid, I used to do forex and get banners pulled all day asking for my hard-earned money back, and in the world, I really don't want to deal with this... I'll stay away, thank you.

As for Binance, which had not yet made a statement, they finally released an announcement last night (17th) stating that they have opened a community vote on "whether Binance should list Pi Network". Binance users only need to meet the following conditions to participate in this listing decision:

• Users must log in to their verified Binance account and have at least $5 worth of assets in their trading account;
• Each user can only vote once;
• The voting period is from 10:45 pm Taiwan time on February 17, 2025 to 7:59 am on February 28, 2025;
• Votes can only be counted if submitted under the official Binance announcement post.

As of 9 am this morning, although there are polarized opinions in the community, with many insisting that the project is a scam, the number of votes in favor of listing the Pi token is still overwhelmingly 86%.

However, it is worth noting that Binance emphasized that the results of this vote will still only be used for reference, and the final decision on whether to list the token will be made by the official evaluation. This voting activity also has regional restrictions, including the possibility that mainland China users may not be able to participate.

Netizens slam: Wanting to freeload new users

For PI token holders, the token being listed on Binance is undoubtedly good news. However, after Binance's announcement, some netizens also expressed that Binance's move has once again let people down. Since they stated that the voting results will not have a decisive effect, then holding the vote is just to attract more users to register on Binance:

Doing this vote, and also setting a minimum account balance of $5

As we all know, the user base of pi is huge, and many of the users are elderly people in China, these people are potential new users for Binance

Binance is doing this vote, and there will definitely be a lot of elderly people coming to register on Binance to vote for approval, and due to the minimum $5 requirement, they will also make deposits

And the most amazing part is, it's not that if the number of votes for approval is high, $PI will definitely be listed on Binance

Because they said, the results of this vote are for reference only, and whether the project will be listed will be evaluated and decided based on Binance's official listing review process and standards

In other words, even if the number of approvals is high, Binance can still come up with a sentence that the project does not meet the review standards and not list it (refer to OKX's initial announcement of listing $PI, and then announcing that it will not be available to users in China)

So Binance this time can get a bunch of new registered users without even needing to list the token

And these users will definitely complete their first deposit to ensure they can participate in the vote

After that, Binance may not even list it

It can be said that they are directly freeloading a bunch of new registered users

Amazing, amazing, is it to get a good price when selling their shares by using the registered user volume, so they did this shady operation, all kinds of attracting new registered users