#PI The reasons for the reduction of Pi coin listing on the exchange mainly include the following points:

- High compliance risk: The core team of Pi coin may hold an excessively high proportion of the tokens, as rumors suggest that the core team holds over 85% of the total supply. This may involve unfair distribution and could be defined as market manipulation, violating securities laws in various countries. For example, the SEC in the United States has classified similar situations as "illegal securities issuance". Exchanges will be cautious in listing Pi coin to avoid legal risks.
- Insufficient transparency: The Pi coin project has not been fully open-sourced, its tokenomics lack transparency, and it has not undergone third-party security audits. This makes it difficult for exchanges to assess its security and stability, raising concerns about potential security issues after listing or doubts about the project's compliance, which could affect the reputation of the exchange.
- High risk of price manipulation: Due to the core team's high dominance over token generation, ecological distribution, and transfer permissions, centralized holding of coins means that prices can easily be controlled by a small number of people, potentially causing extreme volatility, which poses a threat to the exchange's liquidity management and user investment safety.
No wonder many exchanges have delisted it; the risk factor is getting higher and higher, safety first!!!