One of many main cryptocurrency exchanges on the earth, HTX, introduced that it’ll help the long-awaited launch of the Pi Community (PI) mainnet by taking down its IOU-based PI token and exchanging person holdings for USDT at a charge of 1:61.28.
The alternate will cease all PI IOU coin buying and selling on February 13 at 08:00 UTC. Open orders might be mechanically canceled. Person spot accounts might be mechanically credited with the transformed property.
Retail traders have gotten extra excited about Pi Community’s doable transfer from a closed ecosystem to a totally operational blockchain, which has led to the transfer.
Additionally, HTX confirmed that the brand new PI token might be listed after the mainnet launch. In a statement, the alternate stated, “As soon as the mainnet launches efficiently, HTX will rapidly listing the brand new token PI and open spot buying and selling providers.” Customers have been requested to remain tuned for extra data.
HTX’s delisting has additionally stuffed a niche in Pi IOU buying and selling, because the coin lately plunged 21% in only a day.
Pi Community is a blockchain challenge that’s targeted on cellular units. It has hundreds of thousands of customers because of a mining system that doesn’t require any preliminary funding.
Additionally Learn: Bitget announces Listing of Pi Network Token (PI) on Feb 20
