PI
by BSC News
January 4, 2023
Huobi continues to drive the hype in the Pi ecosystem by listing the $PI token.
Pi Network has been active in the crypto space in recent weeks. The latest development is the backing from Huobi Exchange after listing its native Pi token.
The top-tier centralized exchange with over 600 coins added PI/USDT spot trading to its list of growing markets on December 29. Days after Pi’s listing, Huobi added the token to its investment product, Huobi Earn. The exchange tweeted on January 4th that users can deposit Pi tokens and earn up to 50% Annual Percentage Yields (APY).
Huobi Earn enables users to manage their digital assets by depositing some portions of their holdings into Fixed or Flexible deposits to generate high APYs.
$PI surged to $305 moments after listing on Huobi but has corrected since then and is currently trading at $86.67.
While Pi is available for trading on Huobi, it is essential to note that there are still questions about its legitimacy. Pi Network’s mainnet has not yet launched and is not affiliated with $Pi tokens listed on any exchange. Additionally, the Pi Core Team has stated that Pi Network is not associated with $PI listing on any exchange.
BSC News urges users to research before investing in any $PI token as the network is yet to launch on the mainnet. In the meantime, we will keep you updated with the Pi ecosystem hype.
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.
Related News
Latest News
April 25, 2024
Nigeria Appoints Pro-Crypto Leader to Head SEC
April 25, 2024
BNB Chain Shows Strong Growth in Q1, 2024 Report: Key Details
April 25, 2024
Ethereum Spot ETFs Is Likely to Face SEC Denial in May: Reports
April 24, 2024
Chainlink Launches Cross-Chain Interoperability Protocol (CCIP) for General Availability
April 24, 2024
Hong Kong Bitcoin and Ethereum Spot ETFs Get Approval to Begin Trading on April 30
April 24, 2024
US DOJ Wants 3-Year Prison Sentence for Binance Co-Founder CZ
April 23, 2024
Binance’s 53rd Launchpool Project: What is Renzo Protocol?
April 23, 2024
Texas' Blockchain Association and the Crypto Freedom Alliance Sue US SEC
More News