为什么PI网络价格仍然持续不断

PI网络价格在其历史最高水平的80％以上，本月继续萎缩。它的数量崩溃了，社交媒体的嗡嗡声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）代币的价格本月在其历史最高水平降低了80％以上。它的数量崩溃了，社交媒体的嗡嗡声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.

这种价格行动的原因之一是交换列表的兴奋性，诸如Binance（Coin），Coinbase（NASDAQ：COIN）和UPBIT之类的公司避免了此产品。让我们探讨这些交换未列出PI硬币的一些原因。

Pi Network Tokenomics Favor Insiders

PI网络Tokenomics有利于内部人士

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网络的原因，因此任何解释都是基于我们的假设。

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.

他们避免列出硬币的一个潜在原因是，其令牌学有利于内部人士。最近的一份声明指出，社区已分配了650亿个硬币，而剩余的硬币则分配给核心团队，基金会储备和流动性。

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，该团队控制了350亿个令牌，价值约为200亿美元，而社区的售价为370亿美元。这是值得注意的，因为有超过1800万的先驱者和大约23个核心团队成员。

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.

同时，与高度分散的比特币（BTC）不同，PI网络在很大程度上是集中的，团队做出了大部分决定。如此多的集中化的问题在于，如果他们决定出售出售，它可能会导致崩溃，正如我们与Mantra所看到的那样，其价格在一天之内下降了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，反对意见是这些交流列出了许多模因硬币，并具有内部人士有利的代币学。一个很好的例子是官方特朗普（POTUS）代币，特朗普实体是最大的持有人和受益人。

Exchanges Could be Doing Their Review of Pi Coin

交流可能正在对PI硬币进行审查

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网络的另一个原因是他们可能正在审查硬币。一些交流，尤其是Coinbase，需要大量时间列出新的代币研究。

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也这样做，这确保它们仅列出可信令牌。因此，如果是这种情况，他们可能最终将列出它。例如，Upbit最近列出了Orca（CET），尽管它已经存在了多年。

Pi Network KYB Process

PI网络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.

当这些交流对PI进行研究时，团队也可以对他们进行研究。 PI网络要求所有寻求列出其令牌以进行严格了解您的业务（KYB）验证的交易所。这样做是为了确保其令牌仅在法律交易所进行交易，这也有助于保护用户资金。

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

因此，PI Network的核心团队很可能正在对大多数交流进行研究。

Lack Of Liquidity

缺乏流动性

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网络的另一个可能原因是，所列交易所之间缺乏流动性。数据表明，硬币的数量为24小时3000万美元，价值超过40亿美元的硬币相对较低。

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

因此，这种低音量意味着这些交换没有看到列出它的紧迫性。