In the midst of the tokens Pi list, the Bybit Crypto Exchange openly announced its decision to block access to the Bybit exchange for this token due to its past controversy.
INTRODUCTION OF TOKEN OF $ PI
The Pi ($ Pi Token) network is a cryptocurrency project that was launched in 2019 by a team of two Stanford graduates. The basic concept of this Crypto project equipment was to create a decentralized digital currency that can be extracted using smartphones without spending a large amount of energy, unlike Bitcoin (BTC). The project team also launched a dedicated application for this Token, to allow Pi Tokens enthusiasts to win a Token Pi in a micro quantity per day. Since its origin, this cryptographic project has obtained global mass monitoring, but its launch of principles has been delayed several times, which attracted not only the criticisms of the serious enthusiasts of cryptography but also of Token Pi miners. From now on, the official token pi officially does not appear in any cryptography exchange.
In the last 24 hours, two important cryptographic exchanges, namely OKX & Bitget, announced their decision to list the tokens PI.
Bitget to launch Token Pi
Bitget announced that the official Token Pi will be listed by the exchange for trade in the spot market, but the trade of this token will be available from February 20, 2025.
As reported, Bitget’s exchange eliminated some relevant information about the initial list of token of Pi.
OKX to launch Token Pi
The same day, the OKX Crypto Exchange too announced that would admit this token to allow OKX users to exchange tokens Pi in the cryptography market.
In addition, this exchange confirmed that this token trade will be available on February 20 at 08:00 AM UTC.
In particular, OKX allows customers to deposit tokens Pi in the exchange. A Crypto X user shared a step -by -step guide to deposit this token.
A Token Pi user can deposit as minimal as 0.00000001 Pi. Therefore, the Bitcoinik.com team wishes to suggest that people first try to deposit in a micro quantity, then look for a complete deposit to avoid any potential risk or loss.
Many Crypto X users speculate that a very minimal amount of deposit is a very large proof that the commercial price of this token will be high enough.
The Bybit CEO opposes the listing plan
The CEO of Bybit, Ben Zhou, reported through his X account that many people asked him to join the wave of tokens pi listed. Indirectly said that it is openly against this cryptocurrency.
Hype and controversy around Token Pi
Two years ago, some cryptographic exchanges forcibly launched an unofficial version of the Token Pi without any consent from the central team of the PI network.
After that development, the Token Pi also woke up and announced a plan to launch the Netnet Main, as well as the transfer of tokens Pi in cryptographic exchanges.
Despite that announcement, the Network team Pi restricted users of the Pi mobile application with a strict KYC verification system.
Pi network users who spent years underwater tokens have faced delays in completing the KYC verification, which could avoid access to their holdings before the Mainnet launch on February 20. The last KyC deadline is scheduled for February 28.
The Pi Network has faced significant scrutiny and accusations from time to time to operate the PI mining application as a pyramid scheme, particularly within China. Many people raised several negative points against the Network Pi tokens mining application on their references -based growth model, where users obtain rewards by inviting others to join the network, drawing parallel to the marketing structures of multiple levels (Mlm).
Delayed development and unnecessary reference reference system resulted in a very bad reputation for this cryptographic project in China. Many Chinese media tagged the Pi network as a “pyramid scheme.”
Currently, cryptographic trade is totally prohibited in the jurisdiction of continental China, but surely people will now talk about this file in the Chinese administrative regions where cryptographic trade is legal, as the central team that is directed to enumerate this token.
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