“Huobi has always been committed to 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”, Huobi announced on its website on Dec 26.
Pi being listed on the exchange means that investors are able to trade Pi coins. The listing also helps crypto projects earn profits and expand the community. According to Huobi’s announcement, the necessary condition to list Pi is that the project is upgraded to the main network – mainnet. In fact, Pi Network announced it had entered mainnet since Dec 28, but that will be split into two phases: closed and open network. The former allows user-to-user transactions and the latter allows exchanging with other cryptocurrencies. However, Pi Network made no announcement about their roadmap timeline.
Huobi is currently one of the largest crypto exchanges in the world. According to Coingecko statistics on Dec 26, the exchange is now ranking third in terms of daily trading volume, just behind Binance and Coinbase. Meanwhile, Pi Network was launched in 2019, allowing users to earn Pi by turning on the Pi app and clicking to take attendance. Pi Network once claimed to have 35 million users in the world. Its Twitter page has more than 2 million followers, among the 10 most followed projects on this social network. However, after nearly 4 years, the project is still waiting to enter the mainnet to be able to trade with other cryptocurrencies.
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