Binance, the world’s largest cryptocurrency exchange, has recently made some changes in the TOken Record rules. In such a situation, it is also being expected that due to these changes in the rules, Pi Coin can benefit greatly. After this change in the rules, now Pi Coin is hoping for the hope of listing on the binance.
Binance made hard and transparent record process
Binance has now made its listing process more strict and transparent than before so that investors get a chance to invest in safe and reliable projects. Let us tell you that whenever a new cryptocurrency is made available for business in Crypto Marketplace, this process is called record. In such a situation, Binance first wants to ensure whether the project related to that cryptocurrency is safe and reliable. Click here to learn more about what Binance is
Listing will be done through 3 platforms on Binance
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Binance alpha: These are the first platform of binance, where early stage projects get a chance for listing. Actually Binance Alpha is a new feature that provides opportunities to projects that are starting in projects like apps or games. The advantage of this is that investors easily identify early startups or projects through Binance Alpha. Under the Binance Alpha, information has to be shared about the project team, the use of the project, strengthening of technology, etc. for listing.
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Futures & derivatives, This is the second listing platform of Binance. Futures Trading is a way in which the price of a crypto currency will decrease or increase without purchasing the respective tokens. There is a listing of a project on this platform, whose trading volume is good and whose price is not seen to be a large fluctuations and whose team is continuously updating.
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Spot record, Spot record is the largest platform for common investors on binance, under which investors can buy and sell the tokens. Under this listing platform, only they are included, which have already performed well on the Alpha or Futures platforms. If there is no case of fraud or scam, then there is no problem in listing on this platform.
Binance will delisting the project on this basis
In addition, Binance has made it clear that if a token will continuously perform or there will be any fraud or technical deficiency, they can be removed. Apart from this, if a team has stopped work on the project or any kind of weakness or hacking in the security, delisting can be done. Significantly, in the last few years, many such scams have come to light in Crypto World, in which investors suffered a lot due to listing flaws.
Why Pi Coin is getting so much support
In the world of Crypto, the name of Pi Coin has been in the headlines for some time. The main reasons behind this are, a community poll of Binance, in which about 86 per cent i.e. more than 2.95 lakh people voted in favor of listing Pi Coin. Although this voting was not officially done, the trends clearly show that the popularity of Pi Coin is growing quite rapidly.
Pi coin also strengthened due to these reasons
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Pi Coin’s team has completed the process of ‘Know Your Business’ i.e. KYB. For this reason, now the trading of Pi Coin has started on platforms like Bitmart.
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According to the report by Coinmarketcap, the current price of Pi Coin is $ 0.6470, with a slight decline of about 0.52 per cent in the last 24 hours.
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The team of PI Community itself has bought more than 4.8 crore PI Cash back from the exchange, which reduces the pressure to sell in the market and keep the price stable.
It is the confidence of the increasing scope of Pi Community
Actually PI Community is not limited to just one coin, but its own digital ecosystem is being prepared. Pi Community recently Decentorized app (dapp) Fruitypi has been approved. There is a possibility that many new DApps can be added to it in the coming time, which can increase the use of Pi coin. For all these reasons, the listing of Pi Coin on Binance is being considered fixed.
Conclusion
The new listing rules of Crypto Exchange Binance have promoted transparency and trust in the market of cryptocurrency. After these new rules, the hope of listing of Pi Coin has increased. Pi coin has emerged as a strong contender from strong community support, success of KYB process, price stability in the market and increasing digital ecosystem of Pi Community. In such a situation, this can be a big opportunity for investors, although before investing, do your research and try to understand the risk too.
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