For years, people have criticized Pi Network for using a referral system to grow. Many in the crypto world, including Binance supporters, called it a weak and unsustainable model. But now, Binance has introduced its own referral program, showing that even big platforms see the power of referrals. This raises questions about why Binance is doing what it once criticized.
Binance has always presented itself as a leader in the crypto industry, often speaking against referral-based growth strategies. But by launching its own referral program, it is following the same path. The difference is that Binance now makes it look more "official" because of its strong position in the market.
The real issue here is not just that Binance changed its stance, but why it did so. Binance already has millions of users and is a well-known platform. Unlike new projects that need referrals to grow, Binance doesn’t have that problem. So why is it suddenly pushing referrals? The answer is simple—competition is growing, and Binance wants to stay ahead by keeping users engaged.
This situation shows the double standards in the crypto world. When smaller projects use referrals, they get criticized. But when big platforms like Binance do the same, it is seen as a smart business move. If Binance now believes referrals are useful, it should also admit that others were not wrong for using them.
