Pi Bridge has officially announced the listing of wrapped Pi token on CoinMarketCap today. This was revealed through its official twitter handle @PiBridgeOrg.
🔥IMPORTANT ANNOUNCEMENT: $PIB HAS BEEN OFFICIALLY LISTED ON COINMARKETCAP🔥
⚡This day has arrived, marking a key milestone in PiBridge's development journey: $PiB has been officially listed on CoinMarketCap.
👉Link: https://t.co/zvfzrFeWjq#PiB #CoinMarketCap #Btc pic.twitter.com/2eojn93R51
— PiBridge (@PiBridgeOrg) October 14, 2022
Announcing the listing of the PiB, Pi Bridge noted that the development is a key milestone in the journey of the bridge project which started few months ago.
Pibridge which is a trustless gateway that designed or built to unleash the barrier between the Pi network and other blockchains, making Pi accessible and approachable to the public and offering a new permissionless and transparent financial tool to the Pi users. The listing has not been rated as well.
CoinMarketCap however dubbed Pi Bridge’s PiB “Untracked listing” meaning “Projects that do not meet the guidelines in Section B1/B2 to track market data, but nevertheless exhibit strengths in a number of areas of Section C (Evaluation Framework).”
Criteria for tracked listing
CoinMarketCap has highlighted certain criteria which crypto assets must fulfill before being listed under it’s “Tracked listing”:
- Leverage cryptography, consensus algorithms or distributed ledgers, peer-to-peer technology and/or smart contracts to function as a store of value, medium of exchange, unit of account, or decentralized application.
- Must have a functional website and block explorer.
- Must be traded publicly, and actively traded on at least one (1) exchange (with material volume) that has tracked listing status on CoinMarketCap.
- Provide a representative from the project with whom CoinMarketCap can establish open lines of communication for any clarifications.
Newsway gathered that, Pi Bridge doesn’t meet all of these criteria and hence it’s listing is considered “Untracked”.
It is apparently true that Pi Bridge has not yet performed any peer-2-peer (P2P) trading, no mainnet activities and paramountly no sizable users. These factors may have affected the listing of it’s wrapped token on CoinMarketCap.
I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 47 million members worldwide. To claim your Pi, follow this link https://minepi.com/daiv101 and use my username (daiv101) as your invitation code.