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Top 5 Exchanges Disregard Pi Core Team’s Ban on Pi Coin, Making Millions By Selling IOUs

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Pi Network, a decentralized cryptocurrency project, is making waves for its innovative approach to mining and the vision of a user-friendly digital currency. However, a recent development has surfaced as the Pi Core Team issues orders against trading Pi Coin IOUs (Initial Offering Units) on external exchanges. Despite this directive, a handful of exchanges have chosen to defy the team’s orders, allowing users to trade Pi Coin IOUs. Here are the top five exchanges that have gone against the Pi Core Team’s wishes.

1. Hotcoin: Known for its diverse altcoin offerings, Hotcoin has listed Pi Coin IOUs, enabling users to trade despite the risks associated with a cryptocurrency still in development. This move has stirred a mix of support and criticism, offering investors a chance to gain exposure to Pi coins before the official launch.

2. Bitmart: A global digital asset trading platform, Bitmart has disregarded the Pi Core Team’s directive by listing Pi Coin IOUs. This decision has sparked controversy but also provided a platform for traders seeking early involvement in the Pi Network.

3. Huobi: Renowned for its global presence, Huobi has chosen to list Pi Coin IOUs, aligning with its controversial reputation. Despite warnings from the Pi Core Team, Huobi allows traders to buy and sell IOUs of Pi coins, raising concerns about the potential risks associated with trading an IOU for a cryptocurrency still in development.

4. SuperEX: A relatively new player in the crypto space, SuperEX has boldly offered Pi Coin IOUs to its users, positioning itself among the exchanges defying the Pi Core Team’s order. Investors considering engaging in such activities should weigh the risks associated with trading IOUs for a cryptocurrency yet to be launched.

5. XT.com: Joining the ranks of defiant exchanges, XT.com, a global cryptocurrency exchange, has listed Pi Coin IOUs against the wishes of the Pi Core Team. While attracting attention from traders interested in early exposure to Pi coins, the volatility and uncertainty surrounding IOUs make this investment avenue potentially risky.

The defiance of the Pi Core Team’s order by Hotcoin, Bitmart, Huobi, SuperEX, and XT.com has stirred controversy within the cryptocurrency community. While some investors are eager for early exposure to Pi coins, others express concerns about the risks associated with trading IOUs of a cryptocurrency still in development. Caution and careful consideration of potential pitfalls are crucial for investors engaging in speculative trading involving Pi Coin IOUs or any other cryptocurrency. Read More

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    • That serves the Pi core team right, they have been going around the same mountain indefinitely. Now the exchanges have lost patience with their delay.

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