The Pi Network Coin IOU pair (Pi/USDT) has seen a marginal surge in the past two weeks, trading at $30, a 0.06% increase in the last 24 hours. The live price of Pi is $30.26 per (PI/USD) with a current market cap of $0 USD. The 24-hour trading volume is $342,932.20 USD. Pi is up 0.06% in the last 24 hours.
This marginal surge comes two weeks after the last bull, which saw Pi/USDT reach a high of $31. However, the price has since fallen back to its current level.
The Pi Network is a mobile mining project that allows users to mine Pi coins on their smartphones. The project has been criticized for its lack of transparency and its use of a closed-source network. However, it has also gained a large following, with over 47 million active users.
The Pi Network is still under development, and its mainnet has not yet been launched. As a result, Pi coins are not currently tradable on major exchanges. However, there are a number of unauthorized exchanges that have listed Pi/USDT pairs.
It is important to note that trading Pi on unauthorized exchanges is risky, as there is no guarantee that these exchanges are legitimate. Additionally, Pi coins are not yet transferable, so users who purchase Pi on unauthorized exchanges may not be able to sell them or transfer them to their own wallets.
Despite the risks, some investors are still trading Pi on unauthorized exchanges in the hope that the price will increase once the mainnet is launched. However, it is important to do your own research before investing in Pi, and to only invest what you can afford to lose.
What is the Pi Network?
The Pi Network is a mobile mining project that allows users to mine Pi coins on their smartphones. The project was launched in 2019 by a team of Stanford PhDs.
The Pi Network is still under development, but it has already gained a large following, with over 33 million active users. The project’s goal is to create a more inclusive and accessible cryptocurrency, and to make mobile mining possible for everyone.
What are Pi IOUs?
Pi IOUs are tokens that represent Pi coins. They can be traded on unauthorized exchanges, but they cannot yet be transferred to other wallets or sold for fiat currency.
Once the Pi Network mainnet is launched, Pi IOUs will be converted to Pi coins. Pi coins will then be tradable on major exchanges and can be used to purchase goods and services.
Is it safe to trade Pi IOUs?
Trading Pi IOUs on unauthorized exchanges is risky. There is no guarantee that these exchanges are legitimate, and users who purchase Pi IOUs on these exchanges may not be able to sell them or transfer them to their own wallets.
Additionally, Pi coins are not yet transferable, so even if you are able to purchase Pi IOUs on an unauthorized exchange, you may not be able to sell them or use them until the mainnet is launched.
Should I invest in Pi Network?
Whether or not you should invest in Pi Network is a personal decision. There are both risks and potential rewards associated with investing in Pi.
On the one hand, the Pi Network is still under development, and it is not clear when or if the mainnet will be launched. Additionally, the Pi Network has been criticized for its lack of transparency and its use of a closed-source network.
On the other hand, the Pi Network has gained a large following, and it has the potential to become a major cryptocurrency player in the future. Additionally, Pi mining is free and easy to do, so there is little downside to trying it out.
If you do decide to invest in Pi Network, it is important to do your own research and to only invest what you can afford to lose.
Conclusion
The Pi Network Coin IOU pair (Pi/USDT) has seen a marginal surge in the past two weeks, trading at $30, a 0.06% increase in the last 24 hours. However, it is important to note that trading Pi on unauthorized exchanges is risky, as there is no guarantee that these exchanges are legitimate. Additionally, Pi coins are not yet transferable, so users who purchase Pi on unauthorized exchanges may not be able to sell them or transfer them to their own wallets.
Despite the risks, some investors are still trading Pi on unauthorized exchanges in the hope that the price will increase once the mainnet is launched. However, it is important to do your own research before investing in Pi, and to only invest what you can afford to lose.
What to expect in the future?
The future of the Pi Network is uncertain. The project is still under development, and it is not clear when or if the mainnet will be launched. Additionally, the Pi Network has been criticized for its lack of transparency and its use of a closed-source network.
However, the Pi Network has also gained a large following, and it has the potential to become a major cryptocurrency player in the future. If the mainnet is successfully launched and Pi coins become tradable on major exchanges, the price of Pi could increase significantly. Read More
However, it is also possible that the Pi Network could fail, or that the price of Pi could plummet after the mainnet is launched. Investors should be aware of the risks involved before investing in Pi.
Tips for investors
If you are considering investing in Pi, here are a few tips:
- Do your own research. Learn as much as you can about the Pi Network and its technology.
- Only invest what you can afford to lose. The cryptocurrency market is volatile, and there is always the risk of losing your investment.
- Be wary of unauthorized exchanges. Trading Pi/USDT on unauthorized exchanges is risky, as there is no guarantee that these exchanges are legitimate.
- Wait until the mainnet is launched. Once the mainnet is launched, Pi coins will be tradable on major exchanges, and you will be able to sell them or use them to purchase goods and services.
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.