Huobi Will Review Pi Network For Listing At The Soonest

Key Points:

• Once the Pi main network is upgraded successfully, Huobi will be reviewing Pi for listing at the soonest.
• Pi Network’s coin is different from the Pi Network DeFi token, which runs on the Binance (BNB) blockchain.

According to a recent statement, Huobi announced it will follow up closely with Pi Network’s updates to review Pi for listing at the soonest.

Huobi has always been dedicated to assisting in leading initiatives in their community interactions. On December 26, Huobi announced that it will constantly monitor Pi Network’s developments regarding the imminent mainnet launch, thanks to the strong recommendation of the Pi Network community. Once the main network is upgraded successfully, Pi will be reviewed for listing at the soonest.

Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures not only economic transactions via a mobile meritocracy system but also a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.

Huobi wrote

It is important to distinguish Pi Network’s coin from the Pi Network DeFi token, which runs on the Binance (BNB) blockchain and is available for trading on the PancakeSwap (CAKE) decentralized exchange (DEX). 

Pi Network is founded by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan two Stanford PhD’s in computational engineering and social sciences.

Dr. Kokkalis, in addition to developing/founding several startups and human-centered technologies in the past, teaches a Stanford’s computer science class on Decentralized Applications on Blockchain. While, Dr. Fan, receiving her PhD in computational anthropology, has also worked as a founding developer of several startups and projects around scaling social communications and surfacing untapped social capital for people everywhere.

Unlike nodes on networks like Bitcoin, which employ proof-of-work (PoW) protocols, Pi nodes use a Stellar Consensus Protocol-based method (SCP). Pi Nodes validate transactions on a distributed ledger and agree on the order in which new transactions are recorded on the ledger.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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