Binance Clarifies PI Listing Vote: Excluding Certain Regions

Coin WorldTuesday, Feb 18, 2025 7:12 am ET
1min read

Binance, the world's largest cryptocurrency exchange, has responded to a controversy surrounding a community vote on the listing of PI, a digital asset. In a statement, Binance Customer Support clarified that votes from specific regions, including Mainland China, would be excluded from the final count. The exchange also stated that the final result would be for reference only and that the listing decision would be made based on the official coin listing review process and standards.

The community vote, initiated on February 17th, asked users, "Should PI be listed on Binance?" To participate, users needed to have verified accounts with a minimum balance of $5. Each user could vote once during the voting period, which ran from February 17th, 2025, 22:45 (UTC+8) to February 28th, 2025, 7:59 (UTC+8). The voting results were updated daily on the Binance Square official channel.

Binance's response comes amid growing concerns about the influence of regional voting patterns on the listing decision. By excluding votes from specific regions, the exchange aims to ensure a fair and transparent process. The final valid vote count will be announced at the end of the event, with votes from users who do not meet the criteria or are from non-applicable regions, as well as votes that violate the terms and conditions, being excluded.

The listing decision will be evaluated and decided based on the official coin listing review process and standards, taking into account factors such as the project's technology, team, market demand, and regulatory compliance. This approach ensures that the listing process remains objective and unbiased, prioritizing the interests of Binance users and the broader cryptocurrency community.