Pi Core Team Responds to Recent Pi Coin Listings

by BSC News

December 30, 2022

The stern response from the Pi Core team sends a clear message to exchanges listing its coin.

Pi Network Wants Listings Down

The Pi Core team has issued a stern response to exchanges that have purportedly listed the coin for trading in recent days. The Pi Core team says they have not been involved in any listing and are calling for all the exchanges to remove the coin.

The frenzied social media response to recent Pi Coin trading listings has provoked the Pi Core team to clear the air in a blog post on December 29. To protect all Pioneers and the integrity of the Pi Network, the team underlined that no listings have been approved, and the team recommends all Pioneers not to engage.

“It is important to reiterate that Pi is currently in the Enclosed Network and is not approved by Pi Network for listing on any exchange or for trading, and Pi Network was not involved with any of these purported postings or listings,” the blog post reads.

Exchanges like XT.COM and Huobi have famously listed the Pi Coin for trading and have seen the prices boom. There has been much confusion on social media and within Pi Network community circles about the validity of these listings. The Pi Core team has certainly made their point clear.

“In the interim, it is important to reiterate that the transaction of Pi through an exchange is explicitly prohibited during the Enclosed Mainnet period, and doing so would be a violation of Pi’s policies,” the post says.

The Pi Network closed mainnet currently does not have a timeline for opening. The core team recently expressed focus on completing KYC and further tech improvements in an end of the year update.

What is Pi Network:

Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures not only economic transactions via a mobile meritocracy system but also a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.