In response to violations of platform rules, Huobi Global, a prominent cryptocurrency exchange, has delisted 33 coins from its trading platform. However, notably absent from this list is Pi Coin, the native cryptocurrency token of the Pi Network.
Huobi Global announced on January 11 that it would be delisting 33 tokens, citing violations of its token management rules. These tokens include ABT, ATP, APN, AST, DIE, DHT, DFA, EDEN, GEAR, HC, INDI, IOI, INV, IRIS, GCOIN, GOF, KMA, MTA, NAS, OPUL, PEARL, PRIMATE, QASH, SMT, SLC, SKU, SOC, STC, among others. The delisting process commenced on January 16, with these tokens permanently removed from the market.
Despite the widespread delisting, Pi Coin has not been affected. This exemption comes in the wake of the Pi Core Team’s opposition to the listing of its token on various exchanges, including Huobi Global. The Core Team has consistently maintained that Pi is still in its enclosed mainnet phase, with no external connectivity permitted. Therefore, the token is not legitimately tradable on any platform.
Pi Network has reiterated its stance against unauthorized listings of its token, cautioning users against engaging in transactions involving unlawfully listed coins. The Core Team emphasizes that Pi is not affiliated with any exchanges that have listed the token without authorization. As such, participation in such listings may result in potential asset loss.
The majority of the delisted tokens were found to have breached Section 17, Rule 1, and Section 17, Rule 2 of Huobi’s Token Management Rules. These rules pertain to specific platform guidelines and regulations governing token listings and trading activities.
As Pi Coin remains unaffected by Huobi’s delisting actions, attention turns to the broader implications for the Pi Network ecosystem. With ongoing scrutiny surrounding unauthorized listings and regulatory compliance, stakeholders await further updates from both Huobi Global and the Pi Core Team regarding the future trajectory of Pi Coin and its listing status on various exchanges. Read Similar Story
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