World’s biggest crypto change Binance hit with one-celebrity evaluations as Pi Network supporters protest lack of listing

 

Binance, the sector's largest cryptocurrency change, has been inundated with one-star opinions on Google Play and the Apple App Store after Pi Network supporters expressed frustration over the exchange's failure to list Pi cash.

A put up in a Pi Network Facebook organization with over a hundred thirty five,000 contributors advised customers to "charge Binance one big name for disrespecting the Pi Network venture." Similar calls circulated on Facebook and X, with many customers claiming to have accompanied via, even as a minority opposed the circulate.

Between Feb. 17 and Feb. 27, Binance carried out a survey through its Binance Square Official account to gauge hobby in listing Pi.

Over 85% of respondents supported the listing, but Binance emphasized that the ballot results were "for reference handiest and do now not decide any decision or movement Binance can also or might not take." "These effects aren't final," it states.

On Mar. 1, Binance up to date the effects, revealing that most customers desired list Pi however made no dedication. The change explained that its listing manner entails rigorous due diligence, with an independent crew comparing standards consisting of undertaking quality and team, technological innovation

Hoang Anh, an administrator of a Pi Network Facebook group with over 150,000 members and a player inside the venture considering 2020, suggests that many "Pi lovers" might also have mistakenly believed Binance would comply with the poll results. This false impression brought about frustration among customers who had registered money owed, completed identity verification, and deposited at the least $five to participate. "Feeling deceived, the most effective manner for them to explicit their anger was via one-big name ratings on Binance's app," he says. The Thanh, a cryptocurrency investor in view that 2019, notes that meme coins like Pi generally surge in price while indexed on fundamental exchanges. "Those pushing for one-superstar ratings can also have already acquired Pi from smaller exchanges or other users, leveraging this possibility to pressure Binance," he remarks.

On Thursday, Binance's Google Play score had dropped from four.Nine/5 to a few.8/5, with 2.86 million evaluations. On the App Store, it declined from 4.8/five to 4.2/five, with around 12,400 scores. Many one-superstar reviewers accuse Binance of "tricking users into depositing money to vote for Pi," "disrespecting the Pi Network assignment," and "exploiting Pi supporters' agree with."

This isn't always the first time a cryptocurrency change has faced backlash from Pi Network supporters. ByBit previously skilled a similar evaluation attack, with its Google Play score plummeting from four.7/five to 2.8/5 after its founder and CEO, Ben Zhou, issued rip-off warnings approximately Pi Network.

Analysts propose Binance has valid motives for no longer list Pi. Blockchain expert Anh Bang from Ho Chi Minh City mentioned that notwithstanding launching its mainnet after six years, Pi Network has but to launch a smart agreement or open-source code—essential factors of any legitimate cryptocurrency. Additionally, the venture's founding team remains largely undisclosed, other than Nicolas Kokkalis and Chengdiao Fan, who are indexed as Stanford University Ph.D. Holders.

Critics have also raised concerns about Pi Network's blockchain decentralization. Unlike other cryptocurrencies, Pi's mainnet nodes stay underneath the manage of the Pi Network group. "All active mainnet nodes are managed completely via the Pi middle group, contradicting its claims of decentralization," a blockchain professional advised CoinTelegraph. "While the task promises eventual decentralization, its modern-day structure raises doubts approximately its commitment to this precept."

Regarding the absence of a clever contract, blockchain expert Nguyen Viet Dinh notes on Facebook that Pi Network makes use of the Stellar Core platform, which has supported clever contracts because version 20, however the task nonetheless operates on version 19.1. "They may also upgrade to the brand new model, 22.1, within the close to future," he says.

The wave of one-celebrity critiques has sparked issues among other Pi supporters. "Not most effective Binance, but different exchanges can also hesitate to engage with the Pi Network community if they worry backlash for no longer meeting their expectations," Hoang Anh feedback. "Ultimately, missing out on Binance could hurt the Pi challenge greater than it advantages it."

Founded in 2017, Binance have become the sector’s largest cryptocurrency trade inside a yr. According to CoinMarketCap, its day by day buying and selling extent nears US$22 billion, with over 13.6 million weekly visits.

Launched in 2019, Pi Network promoted itself as a manner for users to mine Pi without spending a dime by way of tapping a button in its cellular app every day. Vietnam is among the international locations with the most Pi miners. The assignment has been debatable, taking nearly six years to release its mainnet, eventually allowing customers to transfer Pi to exchanges for buying and selling on Feb. 20.