Pi Network Today's News: CEX Listing Dream Shattered, big dump to 0.2 USD the community is angry.

The price of Pi Network fell to $0.2080 on October 16, far below the $3 peak it briefly touched, a decline of over 90%. This project, once hailed as the “people's encryption”, now faces the reality of weakening development momentum, Mainnet limitations, and the delayed realization of CEX listings.

The BNB platform clearly states that strong projects do not need to actively apply for listing, as exchanges will compete for them. This is an obvious message for Pi Network. Before achieving complete transparency in blockchain, regulatory compliance, and verifiable activities, Pi is unlikely to be listed on major CEXs, and the expectations of millions of users are turning into disappointment and anger.

From Hype Peak to Confidence Collapse

(Source: CoinMarketCap)

When Pi Network first drew attention, the excitement mainly stemmed from rumors of an upcoming launch on the BNB platform. Community-driven activities, polls, and social media hype painted a picture of imminent success. Supporters viewed Pi as a new type of decentralized movement, a revolutionary project that could achieve mainstream application without the need for traditional mining or capital requirements. This vision attracted millions of application users who believed that by simply clicking to mine on their mobile phones every day, they could earn substantial returns in the future.

However, over time, the listing application has yet to receive any confirmation, and enthusiasm has gradually turned into skepticism. The latest news from the Pi Network today shows that the lack of substantial progress combined with regulatory uncertainty has led to a gradual decline in Pi's market attractiveness. Although its user base remains active, the lack of liquidity and public trading options makes it difficult for Pi to maintain long-term investor interest. The price has plummeted from around $3 to $0.2075, a drop of over 90%. This brutal decline has not only destroyed the wealth of holders but also severely impacted the community's confidence in the project.

Social media is filled with doubts and anger from community members. Many early supporters accuse the core team of slow progress and lack of transparency, and even question whether the Pi Network has real technical strength. Some users complain on forums that after years of diligently mining every day, they have received a token with extremely poor liquidity and a collapsing price. This shift in emotion from fervor to disappointment is not uncommon in the history of Crypto Assets, but for a project that claims to serve ordinary people, the collapse of this trust is particularly ironic.

What further frustrates the community is that the Pi Network's Mainnet is still in a partially restricted state. Although the official announcement states that the Mainnet has been launched, the blockchain data has not yet been fully publicly verified, which poses a significant barrier to institutional trust. This limited access makes it difficult for exchanges like BNB platform to assess the fundamentals of Pi or ensure compliance with international regulations. For users holding Pi, this closed environment means their tokens cannot be freely traded, cannot achieve a fair market price, and cannot even ascertain the true value of the tokens they hold.

A statement from the former richest Chinese person exposes the listing standards of CEX

The latest statement from the former richest Chinese person adds a crucial footnote to today's news about Pi Network. He clearly stated that whether the project can go online depends on the project's strength and transparency, rather than the number of applications or costs. “Strong projects do not need to actively apply to go online; exchanges will compete to list them,” Zhao Changpeng recently said, emphasizing the BNB platform's focus on selective evaluation. This statement is undoubtedly a wake-up call for Pi Network.

Listing on the BNB platform is often seen as a form of recognition, but this recognition is not easy to achieve. The BNB platform and its co-founder He Yi have clarified that the company does not profit from listing fees. Instead, funds from token-related activities will be used for educational initiatives, trading activities, and liquidity support, all aimed at ensuring user protection and participation. This policy means that the BNB platform is more focused on the long-term value of projects and user protection, rather than short-term listing revenue.

For Pi, this is an obvious message: before seeking validation from exchanges, it must prove that its technology and ecosystem are robust enough to justify its legitimacy. However, the current state of the Pi Network is far from this standard. Limitations of the Mainnet, lack of publicly verifiable on-chain data, uncertainty in regulatory compliance, and the absence of practical application scenarios are all significant barriers to its landing on the BNB platform.

CZ's standards leave almost no room for speculation. The listing policy of the BNB platform requires projects to have technical transparency, compliance, practical application value, and a strong community base. Although Pi Network has a large user base, these users primarily accumulate through mobile mining rather than a deep understanding of the project's technology or applications. This user structure may not constitute a real community advantage in the eyes of the BNB platform, as it lacks practical use cases and demand-driven aspects.

More critically, the closed operation model of the Pi Network contradicts the transparency standards required by the BNB platform. In the realm of crypto assets, the public verifiability of the blockchain is the cornerstone of building trust. If even the basic on-chain data cannot be publicly verified, how can exchanges ensure the real circulation of tokens, how can they prevent internal manipulation, and how can they protect investors' interests? These questions are difficult to answer satisfactorily under the current structure of the Pi Network.

The Huge Gap Between Potential and Execution

Despite having millions of application users, Pi Network still operates in a closed environment. Its Mainnet is still subject to certain restrictions, and on-chain data has not been publicly verified, which is a significant obstacle to institutional trust. This limited access makes it difficult for exchanges like BNB platform to assess Pi's fundamentals or ensure its compliance with international regulations. Until Pi achieves complete transparency in blockchain, regulatory compliance, and verifiable activities, it is unlikely to be listed on the BNB platform.

The core issue reflected in today's news about Pi Network is that the project has always remained in the “potential” stage but has been unable to transform into actual execution. For years, the Pi team has repeatedly promised the full launch of the Mainnet, the construction of the ecosystem, and the implementation of practical applications, but most of these promises have remained on the roadmap. For users holding Pi, what they need is not more visionary propaganda, but tangible proof of progress.

The lack of technical transparency is the biggest flaw. In today's world where open source has become the standard for crypto assets projects, the core code and blockchain data of Pi Network are still not fully disclosed. This closed nature has raised many questions from the outside: Is Pi's consensus mechanism really as innovative as it claims? What is the actual circulation of the tokens? Has the team reserved a large amount of tokens that could lead to future selling pressure? These questions should be clear on a transparent blockchain, but they remain a mystery within the Pi system.

The uncertainty of regulatory compliance is also a significant risk. As countries around the world strengthen their regulation of crypto assets, projects must prove that they comply with regulatory requirements such as Anti-Money Laundering (AML) and Know Your Customer (KYC). Although Pi Network requires users to undergo KYC verification, whether its overall compliance framework meets the regulatory requirements of various countries remains a question mark. For exchanges like the BNB platform that are subject to strict regulatory scrutiny, launching a project with questionable compliance could pose significant legal risks.

The lack of practical application scenarios is another fatal weakness. The value of a Crypto Assets project ultimately depends on the practical problems it solves and the application value it creates. Pi Network claims to establish a decentralized application ecosystem, but so far, no killer applications have emerged. In contrast, Ethereum has DeFi and NFT, Solana has high-performance trading, and BNB Chain has a rich DeFi ecosystem. What unique value can Pi provide? This question still has no convincing answer.

Nevertheless, many loyal supporters believe that Pi is simply taking a longer route on its path to maturity. They trust that the core team is advancing cautiously, avoiding the pitfalls of many projects that launched quickly but later collapsed. Whether this optimism will pay off depends on whether the project can ultimately fulfill its long-standing promises: a functional, open, trustworthy Mainnet ready to take the global stage.

Currently, the future of Pi depends on whether it can move from hype to substance, transforming its massive user base into real on-chain utility. The price falling to $0.2075 may be a painful reshuffle, eliminating speculators and leaving behind supporters who truly believe in the project. However, if the core team continues to delay critical progress, even the most loyal supporters may ultimately lose patience.