Story highlights
- Pi Network still unlisted on major crypto exchanges.
- Circulating supply drops to stabilize Pi token price.
- PCT lacks transparency in token burning process.
- Dr. Altcoin highlights Pi’s exchange listing challenges.
Pi Network has gained massive attention for its unique mining model. It allows millions of users to mine tokens with the hope of a future exchange listing. The exchange platforms provide improved credibility alongside increased liquidity, which might result in enhanced market value for the company. Users continue to face frustration because the waiting period has not come to an end. The blockchain expert Dr. Altcoin uncovered the primary cause of the delay because the Pi Core Team (PCT) lacks transparency in its operations.
Circulating Supply and Market Strategy
Recently, the circulating supply of Pi has decreased again through another reduction of 10 million tokens thereby delivering an overall total of 6.77 billion tokens. The declining number of coins indicates that the PCT plans coin removals, which will maintain future unlocked token stability at $1 for Pi. Such a strategy has the potential to prevent market instability in a similar way to previous instances when mass Pi coin unlocks triggered panic selling.
The PCT has implemented this beneficial approach toward managing Pi coin supply yet it remains unclear how it intends to control the majority of tokens that are under its management. Neither investors nor the market have sufficient clarity about how the token will achieve sustainability in the future.
Transparency Concerns and Exchange Listings
Dr. Altcoin indicates that Pi remains unlisted by Binance, Coinbase, and top exchange platforms mainly because of the incomplete disclosure of its token economics. Proof of the locking and burning activities affecting billions of Pi coins has yet to be made public by the PCT.
Such undisclosed activities create doubts about market manipulation schemes. The PCT needs to offer complete tokenomics details to major exchanges because Pi supply volatility makes them reluctant to list the token.
Will Pi Be Listed on Major Exchanges?
Dr. Altcoin predicts that Pi will gain mainstream acceptance from exchanges through its listings when the token reaches low prices on small platforms. Improved transparency might cause Binance together with Coinbase and additional exchanges to begin considering the listing of Pi.
To receive mainstream acceptance in cryptocurrency markets, the Pi Core Team needs to resolve its transparency problems.
