Binance Launches Rare Community Vote: Should PI Token Be Listed?

• Binance launched a community vote on listing Pi Coin, drawing 3.4 million votes, with 84% supporting the listing so far.
• Pi Network’s price surged to $80 after major exchange listings, while Binance emphasized its internal review will decide.

Binance, one of the world’s largest cryptocurrency exchanges, launched a community vote on whether Pi Network’s token, Pi Coin, should be listed. The decision comes after a surge in interest and debate within the Binance community regarding Pi Network’s legitimacy and future prospects.

Binance rarely launches a Community Vote: “Should PI be launched on Binance?” PI Token has gained a large number of users through a pyramid scheme-like model. Binance said that people must hold 5 USD to participate in the vote. The voting results do not mean that the coin can be…

— Wu Blockchain (@WuBlockchain) February 17, 2025

Users can cast their vote under Binance’s official post on Binance Square Official, with a straightforward choice: “Yes” or “No.” Each verified user gets only one chance to vote, provided they maintain at least $5 in assets within their Binance account. The voting window opened on February 17 at 14:45 UTC and will run until February 27 at 23:59 UTC.

At the time of writing, the poll gathered 3.4 million votes, with 84% favoring the launch. The vote has sparked significant engagement, drawing 7.6K comments and 10.5K reposts. With just nine days left, Pi Network supporters dominate the Binance poll, leaving only 16% against the listing. The poll, hosted on Binance Square Official, prohibits vote changes after submission.

While the results will be displayed daily on Binance Square, they are not binding. Binance emphasized that the final decision would be based on its internal review process. Votes that fail to meet the eligibility criteria or violate Binance’s terms will be removed before the official count is announced.

Pi Network’s Price Hits $80 After Major Listings

Pi Network’s growing popularity has not gone unnoticed. The token’s price recently jumped by 20%, hitting $80 on February 16. This rally followed its listing on major exchanges, including Bitget and Binance, signaling strong investor interest.

Despite broader market uncertainty driven by unexpected U.S. inflation data, Pi Network’s price defied trends. The anticipation surrounding its full mainnet launch has kept investor sentiment bullish, with traders betting on greater liquidity and market stability.

Notably, Binance’s involvement has amplified Pi’s credibility. The exchange’s dominance in the crypto industry often serves as an informal stamp of approval for emerging digital assets. Meanwhile, its listing on Bitget, a derivatives-heavy platform, suggests that traders are preparing for potential volatility in the coming weeks.

The Voting Process and Binance’s Stance

To ensure fairness, Binance has implemented strict voting rules. Users must remain logged into their verified accounts and hold at least $5 in assets throughout the voting period. If a user’s balance drops below that threshold, their vote becomes invalid. Binance has clarified that while the vote results are influential, they do not guarantee a listing. 

“We have been listening to the vibrant discussions within our community about Pi Network. To ensure users’ voices are heard, Binance is launching a Community Vote,” the company stated.

The final decision will be made based on Binance’s own review processes and standards. While the exchange acknowledges the strong demand for Pi Coin, it remains cautious, emphasizing that user participation in the vote does not dictate immediate action.