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Core Team’s Response to Unauthorized Pi Listings Upholds Network Integrity

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In the wake of unauthorized listings of PiCoin on several cryptocurrency exchanges, the Core Team behind Pi Network has taken swift action to denounce these listings and protect the integrity of the Pi ecosystem.

On December 29th of the previous year, Huobi Global Exchange, XT Exchange, Hotcoin, and CoinW were among the platforms that purportedly listed PiCoin for trading. However, the Core Team promptly responded, labeling these listings as fake PiCoin and emphasizing their illegality.

Despite the Core Team’s resolute stance, the status of Pi on these platforms remains unchanged. While the team has vehemently opposed these listings, Pi has yet to be removed from the market. Instead, investors are cautioned about the risks associated with trading such IOU listings, underscoring the importance of due diligence in navigating the crypto landscape.

The Pi Core Team has not minced words in its criticism of the exchanges allegedly involved in these unauthorized listings. Firmly asserting that they have not authorized any listings, the Core Team has demanded the delisting of the token from all platforms to safeguard the interests of Pi Network’s pioneers and maintain the network’s integrity.

Highlighting Pi Network’s unique enclosed mainnet design, the Core Team elucidated that the firewall implemented during this phase prevents any external connectivity, precluding the possibility of Pi listing on any exchange. This design choice reinforces the network’s policies and ensures that any purported listing of Pi is false and represents derivative IOUs rather than native Pi tokens.

Despite the unauthorized listings of PiCoin on various exchanges, the Core Team’s unwavering response underscores its commitment to upholding the integrity and authenticity of Pi Network. As the network progresses towards its Open Mainnet launch, the Core Team remains steadfast in its mission to protect the interests of Pi pioneers and maintain the network’s integrity amidst external pressures. Through vigilance and proactive measures, Pi Network continues to pave the way for a secure and decentralized future in the crypto space. Read Similar Story

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