The Pi Network community is expressing confusion over the lack of listings for Pi Coin on major cryptocurrency exchanges. According to experts, the core issue lies in the Pi Core Team’s lack of transparency. Cryptocurrency analyst Dr. Altcoin suggests that uncertainties in the tokenomics of Pi Network are influencing exchanges’ decisions to list the coin.
Negative Aspects of Pi Coin
Dr. Altcoin pointed out that the Pi Core Team has not provided sufficient information about its locking and burning mechanisms. This uncertainty in tokenomics poses a significant problem, potentially leading to trust issues in the crypto market . This topic has continually been at the forefront since the network’s inception.
Dr. Altcoin: “The Pi Core Team is not being sufficiently transparent regarding the locking and burning mechanisms.”
Pi Coin Supply and Market Reactions
According to analyses, the circulating supply of Pi Network has decreased to 6.77 billion coins. Additionally, around 10 million coins have been withdrawn from circulation to control prices.
Dr. Altcoin: “The lack of transparency could lead to perceptions of market manipulation.”
Within the community, differing opinions exist; some members believe the delay in listings stems from the Pi Core Developer team’s reluctance to pay for exchange listings. This perspective suggests that the team is taking slower steps in hopes of free listings.
Currently, Pi Network’s transaction value hovers around 1 dollar, falling short of its previous record high of 2.98 dollars. This decline is seen as a reflection of the uncertainties in the market. Despite maintaining strong trading volumes, exchanges’ hesitance to list Pi Coin remains a significant negative for potential new investors.
These developments indicate that uncertainties in the tokenomics and implemented price control strategies require close monitoring from investors. This situation highlights the need for relevant parties to provide clarifications and regulations regarding the matter.
