Cryptocurrency exchange Binance has responded to concerns regarding the community voting process for its Pi Network (PI) coin listing, stating that votes from users in certain regions will be excluded and the final results are for reference only.
There were concerns that votes from mainland China could influence the outcome of the listing vote.
Binance Customer Support official X account explained on social media that in accordance with relevant requirements, votes from users residing in certain countries or regions, including but not limited to mainland China, will not be counted in the final voting results.
“At the end of the event, we will eliminate votes from users who do not meet the conditions or come from regions that are not valid, as well as votes that violate the terms and conditions,” Binance said. “The results of this vote are for reference only, and the project will be evaluated and decided according to the official listing review process and standards.”
Binance has launched a community voting event titled “Should PI be listed on Binance?” based on certain eligibility criteria. To participate in the vote, users must have verified accounts and maintain a balance of at least $5 equivalent during the voting period. Each eligible user is entitled to one vote.
*This is not investment advice.
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