Pi Coin, the entirely eco-friendly crypto, was recently listed on the Huobi exchange platform. The same goes for the social crypto exchange XT.com, which announced its decision to list the PI/USDT trading pair in the innovation zone.
In any case, both exchanges have not shared details about deposits and withdrawals. But what is Pi Coin? What is its history and what is its price trend like?
As reported above, cryptocurrency exchange Huobi announced that it has listed the PI coin, the native token of the Pi network
The Seychelles-based cryptocurrency exchange shared news about the listing of the Pi Network token via a blog post, in which the exchange stated that spot trading for PI would begin at 09:00 (UTC) on 29 December. Huobi’s announcement shared that only the pair PI/USDT would be available for trading.
In addition to Huobi, social cryptocurrency exchange XT.com also announced its decision to list the PI/USDT trading pair, with trading starting at 03:00 (UTC) on 29 December.
Even though the listing on exchanges is often good news for a token and its main project, the Pi Network team was not too thrilled about the listing news. In fact, three separate but related Twitter accounts on the platform shared posts in which they warned users not to exchange PI tokens.
In addition, Pi News, a media platform on the Pi Network, asked users to remember that the platform had yet to open its core network. The tweet specifically warned users of the danger and asked users not to participate in transactions.
Pi Network’s official Twitter channel also issued a warning, noting that the platform’s mainnet remained closed with no external connectivity allowed. In addition, the platform emphasized that it had not authorized any listings. Pi’s core team warned users not to participate in any transactions.
Pi Coin is the first digital currency that can be mined on smartphones without slowing down its performance and in a completely eco-friendly way. Moreover, its public blockchain uses widely accepted and peer-reviewed algorithms and standards.
Pi Coin’s goal is to provide an eco-sustainable and usable smart contract coin and platform for ordinary people. Currently, it has reached the final stage of Mainnet with more than 30 million users.
The Mainnet contemplates the full use of Pi Coin, including listing it on exchanges within the next few months so that it can be exchanged for other currencies.
However, at present there is a temporary “Enclosed mainnet” period in place, in which the Pi blockchain is not linkable to others and it is only possible to use Pi to buy goods/services, while it is not possible to exchange with other fiat currencies (euros, dollars, etc.) or other cryptocurrencies.
Importantly, Pi Coin uses the Stellar protocol, which allows transactions to be verified extremely efficiently, enabling instant payments with almost zero energy consumption. In addition, thanks to the Stellar protocol, mining Pi does not drain the battery or affect smartphone performance.
Moreover, keeping with the theme of eco-sustainability, Pi is building one of the largest and most decentralized peer-to-peer networks in the world. As of July 2021, Pi has reached more than 12,000 active nodes.
The Pi network app is user-friendly and includes full functionality. It also has a group chat for each language, a FAQ section to answer frequently asked questions, a white paper for technical details, and the announcement channel for the latest news communicated directly by the developers. Also contemplated is the ability to retrieve one’s wallet access code (non-custodial) if lost thanks to one’s security circle.
So far 11 exchanges have listed #PiNetwork:
- @HuobiGlobal
- @XTexchange
- @BitMartExchange
- @HotcoinGlobal
- @SuperExet
- @biconomy
- @CoinstoreExc
- @Coinw_exchange
- @ExchangeJpex
- @Atlantis_Ex
- @Onusfinance
The_CryptoPad 