Wrapped Pi (WPI), the utility token that aims to connect the Pi Network and BNB Chain, has debuted. CoinMarketCap is keeping track of the cryptocurrency, which is available for trading on PancakeSwap.
At the time of writing, the token is worth $4.04. Users must include the token address in PancakeSwap in order to trade. The price of WPI is speculative and does not currently represent the value of Pi.
Wrapped Pi and Pi Coin will function in a 1:1 ratio, which means that after the creation of one WPI, a Pi Network Pi Coin is locked. Wrapped Pi’s ultimate goal is to connect the Pi Network and BNB Chain.
As a substitute for the original Pi Coin on the BNB Chain, the Wrapped Pi is an unauthorized token. The Pi Network core team has not created any formal connections.
PiBridge has announced that it will interact with the Pi blockchain once the mainnet of the Pi Network is operational. Pi Bridge is the home of a Decentralized Application (Dapp) with features including farming, staking and earning, lending, and e-commerce that is accessible on iOS and Android.
In its documentation, Pi Bridge promises that it will eventually try to connect to chains like Polygon and Cosmos. More Decentralized Finance (DeFi) applications, like as liquidity pools, will reportedly be developed for Wrapped Pi on BNB Chain, according to the documents. Together with BNB Chain, Pi Network and the Pi Community would be a potent team.
The Pi Coin has recently been the subject of much buzz. Prior to the mainnet launch without prior notice, the coin was listed on a number of centralized exchanges.
The Pi Coin has recently been the subject of much buzz. Prior to the mainnet launch without prior notice, the coin was listed on a number of centralized exchanges. Opinions in the Pi Network community have been split in response.
The Core Team was not involved in any of the most recent token listings, according to Pi Network. Additionally, a disclaimer at the top of the Wrapped Pi’s CoinMarketCap website notes that Pi Network has recently been the subject of controversy.