- Huobi assured its community to track the updates on the Pi Network.
- The exchange indicated the intent to list Pi Network’s token once it’s functional.
- Investors should be cautious because Pi Network is not yet authorized by PiCT.
On Christmas, Huobi , a crypto exchange company, updated its users with an announcement promising to monitor and support the top crypto projects on its platform. Huobi assured its community that it intends to track the updates of the Pi Network and seeks to list the project as soon as possible upon further evaluation.
The Huobi statement reads:
With the positive recommendation of Pi Network’s community, Huobi will follow up closely with Pi Network’s updates regarding the upcoming mainnet launch. Once the main network is upgraded successfully, Pi will be reviewed for listing at the soonest,
Huobi ensured it will follow the improvements of the Pi Network after receiving positive recommendations of the project, indicating the intention to list Pi Network’s token once it’s operational.
With more than 30 million active user base, Pi Network currently sits in the closed mainnet phase and is pushing to onboard millions of users through its innovative Know Your Customer (KYC) process. Being one of the top crypto exchanges, Huobi undoubtedly doesn’t want to miss out on the hype behind the enormous Pi Network.
Concerning the Pi Network launch announcement on Huobi, it’s critical to consider that it hasn’t received PiCT authorization yet. Additionally, reports have stated that investors should understand Pi’s primary network has not been opened yet, and it may not be wise to participate in the transaction so as not to be deceived.
Pi Network is a novel crypto and developer platform which allows mobile users to mine coins without exhausting the device’s battery. Pi’s blockchain secures financial transactions through a mobile meritocracy system. It also provides a complete Web 3.0 experience where developers can create decentralized applications for millions of users.