What Binance CEO Just Revealed About Pi Network - Pi Network Price

Summary

Binance CEO CZ shares valuable insights about the Pi Network, highlighting its potential for listing on Binance due to its large user base. While Pi has not yet been listed, CZ suggests its core team might have a bigger plan in developing its own ecosystem. He also warns against projects pressuring Binance for listings, as this could backfire. Additionally, the video introduces 'Grass,' an airdrop platform that rewards users for mining tokens, offering a potential alternative for those seeking mining opportunities while waiting for Pi's official mainnet launch.

Takeaways

• 😀 CZ (Changpeng Zhao), CEO of Binance, provided insights about the Pi Network's potential and its eventual listing on Binance.
• 😀 CZ emphasized that Binance values projects with a large number of users, as it indicates utility and liquidity.
• 😀 Binance strictly forbids projects from promising or hinting at listing on the exchange before the official announcement to maintain confidentiality.
• 😀 Binance's listing process is highly confidential, and any project violating this confidentiality risks having its listing canceled.
• 😀 Projects that pressure Binance for listing on social media are put on a blacklist, and Binance does not succumb to such pressure.
• 😀 The Pi Network has a significant user base, meeting one of the criteria for potential listing on Binance, but its core team has a larger plan.
• 😀 CZ speculated that if the Pi Network team wanted to list on Binance, it would have happened already, suggesting that they are focusing on building their own ecosystem first.
• 😀 The Pi Network's core team is likely working on creating its own apps and marketplace, which could delay the listing process.
• 😀 There is ongoing speculation that the Pi Network will launch its mainnet in December, but no official confirmation has been made yet.
• 😀 A new mining platform called 'Grass' has been introduced, offering airdrops that have already proven profitable for early users, with some making up to $20,000.
• 😀 The listing of Pi Network on Binance is a subject of patience, with users encouraged to wait for the process to unfold as the project continues to develop.

Q & A

What is the Pi Network, and why is it relevant in the context of Binance?

The Pi Network is a digital currency project that allows users to mine Pi coins through their mobile devices. Its relevance to Binance stems from its large user base and potential to be listed on the exchange in the future, which has led to speculation about its value and listing timeline.

Why should we take CZ's insights seriously regarding the Pi Network?

CZ, the CEO of Binance, has a proven track record, notably predicting Bitcoin’s significant decline in 2022. His insights are considered valuable as they are based on his experience in the crypto market and Binance’s rigorous listing criteria.

When is Pi Network expected to be listed on Binance?

While there is no official date, CZ suggests that Pi Network could be listed sooner than expected. However, the Pi core team appears to be focused on building its own ecosystem before seeking an exchange listing.

What factors does Binance consider when listing a new coin?

The main factors Binance looks at are the number of users and the utility of the project. Coins with millions of active users show value, which makes them attractive for exchanges to list. Additionally, Binance prohibits any premature announcements about listing, as these could undermine confidentiality.

Why is confidentiality important in the Binance listing process?

Confidentiality is crucial because Binance wants to ensure that projects do not leak information about their listing before it happens. Violating this confidentiality agreement could lead to delays or cancellations of the listing.

Does Pi Network meet the criteria for Binance listing?

Yes, Pi Network likely meets Binance’s criteria, with millions of users and significant potential. However, the core team might be focusing on developing its ecosystem, which could explain why Pi hasn’t yet been listed.

What is the significance of Pi Network's user base in relation to its listing on Binance?

Pi Network's user base is a key factor in its potential listing on Binance. A large user base indicates value and utility, which makes the coin attractive to exchanges looking to increase liquidity.

What is the Grass platform, and why is it mentioned in the video?

Grass is a new mining platform that allows users to mine tokens with minimal effort. It’s mentioned in the video as an alternative to Pi Network, with users having earned substantial rewards during its first season of airdrops, making it a noteworthy opportunity.

How does the Grass mining platform work?

To mine on Grass, users simply need to leave the platform’s website open on their PC or mobile device. The longer it stays open, the more points they accumulate, which can then be converted into tokens.

What is the potential financial reward from the Grass platform?

In the first season of the Grass airdrop, some users reportedly earned up to $20,000. The value of each token was around $3, making it an attractive opportunity for those willing to mine the tokens.