Still Holding Your Pi Network Tokens? An Huobi Listing Could Be Coming Soon

Pi Network has been around for three years now and has managed to amass a large community for a token that is yet to be listed on any exchanges. The tokens which can be mined directly from a smartphone have been working on moving to the mainnet, and it seems that this move will finally bring to pass what the community craves the most – an exchange listing.

Huobi Says Pi Network Is A Possibility

On Monday, crypto exchange Huobi Global posted an announcement on its website that outlined what it was doing in regard to the Pi Network listing. The crypto exchange revealed to the community that it was following the upcoming mainnet launch of the cryptocurrency and that after this, it planned to review Pi for a possible listing on the exchange.

The mainnet launch is expected to come with a full Web3 experience where developers will be able to build decentralized applications (DApps) on top of the Pi Network. The launch is expected to take place in two phases: a Closed and an Open Mainnet launch. This two-pronged approach is reportedly in an effort to allow more time for more apps to be created, as well as move apps existing on the testnet to the mainnet.

This comes at a time of rising uncertainty about the future of the Pi Network given how long it has been in existence. The Christmas Day post read:

“Huobi has always been committed in supporting top projects in their community relations. 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.”

A Burgeoning Community

The Pi Network community reportedly consists of over 30 million users. Its official Twitter account currently boasts over 2 million followers, surpassing the likes of Cardano and Litecoin on the platform. The move to a complete Web3 platform is the latest in a series of developments that have come out of the Pi Network team while headed to its mainnet launch.

Decentralized applications are already being launched on the platform. PiBridge, a decentralized exchange (DEX) on the blockchain, recently announced its IDO for its native token. Pi Network itself has released the Pi browser that supports both Web2 applications and decentralized applications on Web3.

The Pi Network mainnet launch was previously expected to happen in mid-2022. However, a launch date in 2023 is more likely.

Frequently Asked Questions

What is Pi Network?

Pi Network is a cryptocurrency project that aims to make digital currency mining more accessible to the general public through its mobile app. It utilizes a unique consensus algorithm called the Stellar Consensus Protocol (SCP) to achieve distributed consensus without the need for extensive computational power.

What are Pi Network Tokens?

Pi Network Tokens (Pi) are the native digital currency of the Pi Network ecosystem. Users earn Pi tokens by participating in the network through activities such as logging into the app daily and inviting friends to join.

Why are people holding Pi Network Tokens?

People are holding Pi Network Tokens with the hope that their value will increase over time. Since Pi is still in its early stages of development, some users believe that holding onto their tokens may yield significant returns in the future.

What is the significance of a Huobi listing for Pi Network Tokens?

A Huobi listing could potentially increase the liquidity and accessibility of Pi Network Tokens to a broader audience. Huobi is one of the world's leading cryptocurrency exchanges, and listing on such a platform could provide Pi tokens with more exposure and trading opportunities.

 When might Pi Network Tokens be listed on Huobi?

The exact timing of a potential Huobi listing for Pi Network Tokens is uncertain and subject to various factors, including regulatory considerations and the development progress of the Pi Network project. Users are encouraged to stay updated with official announcements from Pi Network regarding any listings or partnerships.

How can I prepare for a potential Huobi listing of Pi Network Tokens?

Users interested in trading Pi Network Tokens on Huobi should ensure that they have accounts registered on the Huobi exchange platform. Additionally, staying informed about any updates or announcements from Pi Network regarding the listing process can help users prepare accordingly.

Are there any risks associated with holding Pi Network Tokens?

Like any investment or cryptocurrency, holding Pi Network Tokens carries inherent risks. These risks may include price volatility, regulatory uncertainties, and the possibility of project failure. Users should conduct their own research and exercise caution when investing in Pi Network Tokens or any other digital assets.

Where can I find more information about Pi Network and its developments?

Users can visit the official Pi Network website, join the Pi Network community forums, and follow official social media channels for the latest updates and announcements regarding the project's development, partnerships, and potential listings on cryptocurrency exchanges like Huobi.

Conclusion

Pi Network Tokens, the possibility of a listing on Huobi brings a new ray of hope. A potential listing on such a reputable exchange could significantly enhance the liquidity and accessibility of Pi tokens, potentially opening up new trading avenues and opportunities for users. 

However, it's crucial to approach this with a balanced perspective, understanding the inherent risks associated with cryptocurrency investments. While the prospect of a Huobi listing is exciting, users should continue to stay informed, exercise caution, and monitor official announcements from Pi Network to make informed decisions about their holdings.