為什麼PI網絡價格仍然持續不斷

PI網絡價格在其歷史最高水平的80％以上，本月繼續萎縮。它的數量崩潰了，社交媒體的嗡嗡聲在很大程度上消失了。

The price of Pi Network (PI) token has languished this month after an over 80% collapse from its all-time high. Its volume has crashed, and social media buzz has largely disappeared.

PI Network（PI）代幣的價格本月在其歷史最高水平降低了80％以上。它的數量崩潰了，社交媒體的嗡嗡聲在很大程度上消失了。

One reason for this price action is the elusiveness of exchange listings, with companies like Binance (COIN) , Coinbase (NASDAQ:COIN) , and Upbit avoiding it. Let’s explore some of the reasons why these exchanges have not listed Pi Coin.

這種價格行動的原因之一是交換列表的興奮性，諸如Binance（Coin），Coinbase（NASDAQ：COIN）和UPBIT之類的公司避免了此產品。讓我們探討這些交換未列出PI硬幣的一些原因。

Pi Network Tokenomics Favor Insiders

PI網絡Tokenomics有利於內部人士

Coinbase, Upbit, and Binance have not provided reasons for not listing Pi Network, so any explanations are based on our assumptions.

Coinbase，Upbit和Binance尚未提供不列出PI網絡的原因，因此任何解釋都是基於我們的假設。

One potential reason why they have avoided listing the coin is that its tokenomics favor insiders. A recent statement noted that the community has been allocated 65 billion coins, while the remaining coins are allocated to the core team, foundation reserves, and liquidity.

他們避免列出硬幣的一個潛在原因是，其令牌學有利於內部人士。最近的一份聲明指出，社區已分配了650億個硬幣，而剩餘的硬幣則分配給核心團隊，基金會儲備和流動性。

The team, therefore, controls 35 billion tokens, which are valued at about $20 billion, while the community has been given $37 billion. This is notable since there are over 18 million pioneers and about 23 core team members.

因此，該團隊控制了350億個令牌，價值約為200億美元，而社區的售價為370億美元。這是值得注意的，因為有超過1800萬的先驅者和大約23個核心團隊成員。

At the same time, unlike Bitcoin (BTC), which is highly decentralized, Pi Network is largely centralized, with the team making most of the decisions. The problem with so much centralization is that it may lead to a crash if they decide to sell, as we saw with Mantra, whose price crashed by 90% within a day.

同時，與高度分散的比特幣（BTC）不同，PI網絡在很大程度上是集中的，團隊做出了大部分決定。如此多的集中化的問題在於，如果他們決定出售出售，它可能會導致崩潰，正如我們與Mantra所看到的那樣，其價格在一天之內下降了90％。

However, the counter-argument is that these exchanges have listed numerous meme coins with insider-favorable tokenomics. A good example of this is the Official Trump (POTUS) token, where Trump entities are the biggest holders and beneficiaries.

但是，反對意見是這些交流列出了許多模因硬幣，並具有內部人士有利的代幣學。一個很好的例子是官方特朗普（POTUS）代幣，特朗普實體是最大的持有人和受益人。

Exchanges Could be Doing Their Review of Pi Coin

交流可能正在對PI硬幣進行審查

The other reason why Coinbase, Upbit, and Binance have not listed Pi Network is that they are likely reviewing the coin. Some exchanges, especially Coinbase, take a lot of time before they list new tokens as they conduct their research about them.

Coinbase，Upbit和Binance未列出PI網絡的另一個原因是他們可能正在審查硬幣。一些交流，尤其是Coinbase，需要大量時間列出新的代幣研究。

Binance and Upbit also do the same, which ensures that they only list credible tokens. Therefore, if this is the case, it’s likely that they will ultimately list it. For example, Upbit listed Orca (CET) just recently, despite it being around for years.

Binance和Upbit也這樣做，這確保它們僅列出可信令牌。因此，如果是這種情況，他們可能最終將列出它。例如，Upbit最近列出了Orca（CET），儘管它已經存在了多年。

Pi Network KYB Process

PI網絡KYB流程

As these exchanges do their research on Pi, the team could be conducting research about them too. Pi Network requires all exchanges seeking to list its token to undergo strict Know Your Business (KYB) verification. It does this to ensure that its token is only traded on legal exchanges, which also helps to protect user funds.

當這些交流對PI進行研究時，團隊也可以對他們進行研究。 PI網絡要求所有尋求列出其令牌以進行嚴格了解您的業務（KYB）驗證的交易所。這樣做是為了確保其令牌僅在法律交易所進行交易，這也有助於保護用戶資金。

Therefore, it’s likely that Pi Network’s core team is conducting a study on most exchanges.

因此，PI Network的核心團隊很可能正在對大多數交流進行研究。

Lack Of Liquidity

缺乏流動性

Another possible reason why Coinbase, Binance, and Upbit have not listed Pi Network is that there is a lack of liquidity among the listed exchanges. Data shows that the coin had a 24-hour volume of $30 million, which is relatively low for a coin valued at over $4 billion.

Coinbase，Binance和Upbit未列出PI網絡的另一個可能原因是，所列交易所之間缺乏流動性。數據表明，硬幣的數量為24小時3000萬美元，價值超過40億美元的硬幣相對較低。

As such, this low volume means that these exchanges don’t see the urgency of listing it.

因此，這種低音量意味著這些交換沒有看到列出它的緊迫性。