HTX delists PI Coin and halts trading ahead of open mainnet
One of many main cryptocurrency exchanges on this planet, 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 fee of 1:61.28.
The change will cease all PI IOU coin buying and selling on February 13 at 08:00 UTC. Open orders might be mechanically canceled. Consumer spot accounts might be mechanically credited with the transformed property.
Retail traders have gotten extra concerned with 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 change stated, “As soon as the mainnet launches efficiently, HTX will rapidly record the brand new token PI and open spot buying and selling providers.” Customers had been requested to remain tuned for extra data.
HTX’s delisting has additionally stuffed a spot in Pi IOU buying and selling, because the coin just lately plunged 21% in only a day.
Pi Community is a blockchain venture that’s targeted on cell gadgets. 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
