According to the Huobi announcement, the platform will not support deposit and withdrawal functions for the Pi token as part of the listing. This means the millions of users with Pi tokens will be unable to sell them by depositing them on the Huobi platform. The reason is not far-fetched.
There is no Pi blockchain or network for users to transfer the assets to the exchange. Therefore, the Huobi exchange listing for Pi Network is a derivative or synthetic version of the non-existent coin. Users can speculate on Pi’s price while the exchange earns millions in trading fees from uneducated retail investors.
Since users will deposit USDT or other crypto assets to trade Pi Network on Huobi, the listed derivative is simply an I-owe-you (IOU) token for users to speculate on the Pi price.
Pi Network is a cryptocurrency that can be mined using a mobile device. It was developed as a way to make cryptocurrency mining more accessible and decentralized. Instead of requiring specialized hardware, users can mine Pi by participating in the Pi Network, which involves contributing to the security and integrity of the network through a process called “staking.”
To mine Pi, you will need to download the Pi Network app from the App Store or Google Play Store and create an account. Once you have an account, you can start mining by simply opening the app and clicking on the “mine” button. The app will run in the background and you will earn a small amount of Pi for each hour that you keep the app open.
It’s important to note that the amount of Pi you can earn through mining is currently quite small, as the network is still in its early stages. However, the developers of Pi Network hope that as the network grows and becomes more popular, the value of Pi will increase, making it a more valuable asset for miners.
Pi is a new digital currency developed by a Ph.D. from Stanford University, with more than 35 million members worldwide. Please follow this link https://minepi.com/linyiq80 to install the app and use my username (linyiq80) as an invitation code to get your Pi.
Pi是由斯坦福大学博士开发的一种新型数字货币，在全球拥有超过3500万成员。请点击此链接 https://minepi.com/linyiq80 安装应用程序，并使用我的用户名（linyiq80）作为邀请码就能获得您的Pi。