• Pi Network partnered with Sign Protocol, which could lead to a Binance listing since Sign Protocol received $16 million from Binance’s venture arm.
  • The partnership brings blockchain verification tools to Pi’s 60 million users, but experts warn against false claims that individual Pi tokens are worth $314,159.
  • Pi’s price dropped 25% this week despite positive developments, and founder Dr. Chengdiao Fan will speak at the TOKEN2049 conference in October.


    Pi Network’s recent collaboration with blockchain verification platform Sign Protocol has generated significant attention within the cryptocurrency community. Industry experts believe this partnership could pave the way for a potential Binance listing, marking a crucial development for the project’s future trajectory.

    Sign Protocol Partnership Brings Strategic Advantages

    The partnership emerged during a community meetup in Seoul, where Sign Protocol announced its collaboration with Pi Network. The integration aims to create blockchain-based credentials that offer tamper-proof, portable, and secure verification systems.

    Sign Protocol recently secured $16 million in funding from YZi Labs, the rebranded venture capital arm of Binance. This financial backing directly connects Pi Network and the world’s largest cryptocurrency exchange, raising expectations for future integrations.

    Dr. Altcoin, a prominent crypto expert, emphasized the significance of this collaboration. He noted that the partnership could address compliance requirements that regulated exchanges like Binance require. The integration provides Pi Network with enhanced identity verification and trust mechanisms across its applications.

    The collaboration brings Pi Network’s over 60 million Pioneers community into Sign’s Web3 ecosystem. Meanwhile, Pi gains access to advanced technical infrastructure for blockchain-verified credentials, including identification documents, professional licenses, and academic qualifications.

    Community Expectations and Technical Developments

    The Pi Network community has anticipated a Binance listing since July, following wallet updates that suggested exchange integration preparations. This expectation has intensified with the Sign Protocol partnership announcement.

    Pi Network recently updated its protocol to version 23 on its testnet to align with Stellar Core 23.0.1. The update introduces decentralized KYC services that could operate independently of the Pi ecosystem, potentially creating new revenue streams for the network.

    However, challenges remain within the community. Dr. Altcoin criticized the spread of misleading “GCV” narratives claiming individual Pi tokens are worth $314,159. He warned these false claims could damage the project’s credibility and urged the Pi Core Team to condemn such misinformation publicly.

    Despite recent partnerships and technical improvements, Pi coin’s price declined 25% over the past week. This downturn occurred alongside positive developments, highlighting the volatile nature of cryptocurrency markets.

    Pi Network founder Dr. Chengdiao Fan is scheduled to speak at TOKEN2049 in Singapore in early October. The network secured gold sponsorship at the conference, where Fan will discuss practical applications of blockchain and Web3 technologies.

 

Disclaimer

The content shared on KryptoVaultDaily is for informational purposes only and does not constitute financial or trading advice. We do not offer guarantees and assume no responsibility for investment decisions based on the material provided. Always research and seek guidance from a licensed financial advisor before trading cryptocurrency or investing.

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