파이코인 상장As of the 2nd, the number of virtual asset exchanges registered as listing PiCoin increased to 7 as of CoinMarketCap. Starting with the surprise listing of XT.com and Huobi on December 29 last year, the number of listed exchanges has increased rapidly.
Huobi said, “We will open Pi Network spot trading and will closely track Pi Network updates regarding the upcoming mainnet launch. Once the main network is successfully upgraded, Huobi will open Pi for deposits and withdrawals.” revealed.
PiCoin transactions are taking place in a situation where deposits and withdrawals are not supported for general users. It is also unclear where the traded PiCoin volume came from. The price of PiCoin is also rapidly changing due to the occurrence of the ‘lock-up phenomenon’ where coins are traded only within exchanges. On some exchanges, the PI/USDT pair, which was listed at $0.01, soared to $300 at one point. This corresponds to a 30,000-fold increase compared to the listed price.
In the industry, cases where an exchange arbitrarily lists a coin without consultation with the project developer are called ‘thief listing’ or ‘kidnapped listing’. For projects developed as open source, there are no technical restrictions on thief listing. However, since it is traded without the cooperation of the foundation, there is a shortage of coins available for distribution, making smooth transactions difficult. Also, we cannot rule out the possibility that the listed coins and the coins previously in circulation are not of the same type.
PiCoin is a virtual asset based on the concept of mining coins through idle resources of mobile smartphones. There is a recommender system, and the more recommenders you collect, the faster the mining speed.
The Pi Foundation said, “The Pi network is not approved for listing or trading on exchanges, and all Pi users are advised not to engage in exchanges or third-party activities as this may result in significant loss or damage,” adding, “Exchanges that list Pi. “We are considering discontinuation of support and additional measures, and trading of Pi through exchanges is explicitly prohibited,” he explained.
Reporter Hyungdu Lee dudu@etnews.com
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