- Pi Network reiterated that Pi is currently in the “Enclosed Network”.
- It added that the recent attempts by the exchanges including Huobi to enlist Pi were carried out without the consent of the Pi Network.
- The platform recommended the Pioneers not to involve in deals with such unauthorized third parties.
The new cryptocurrency project, Pi Network, updated its official page, reiterating that Pi, the native token of the platform, is at present in the “Enclosed Network”. The platform added that the network does not approve the coin for “listing on any exchange or for trading”.
Notably, the platform stressed the topic mainly based on the recent attempts by many unauthorized third part exchanges to list Pi or tokens purporting to be Pi, without the consent or involvement of Pi Network.
Previously, on December 29, the crypto exchange company, Huobi, announced the listing of Pi, following which the token price surged 461.3% from $44.03 to $232.97 within 24 hours.
However, Pi Network assured that the platform has not been involved in any of the purported postings of listings. In addition, the platform put forward some suggestions to the users to assure the security of transactions and related activities.
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