The Pi Bridge is setting up Pi Network to have a link to BNB Chain and all its DeFi ecosystem.
Wrapped Pi Live on PancakeSwap
The Pi Bridge utility token, Wrapped Pi (WPI), has launched as an intended bridge between Pi Network and BNB Chain. The token is open for trading on PancakeSwap and is being tracked by CoinMarketCap.
The token is currently trading at $4.04. In order to trade, users must add the token address to PancakeSwap. The price of WPI is speculatory and does not reflect the value of Pi at this time.
Wrapped Pi will operate at a 1:1 ratio with Pi Coin, meaning that once one WPI is created, a Pi Network Pi Coin is locked. The ultimate goal of Wrapped Pi will be a bridge between BNB Chain and Pi Network.
The Wrapped Pi is an unofficial token for the BNB Chain acting as an alternative for the native Pi Coin. No official connection from the Pi Network core team has been established.
When Pi Network’s mainnet becomes active, PiBridge has stated it will integrate with the Pi blockchain. Pi Bridge is home to a Decentralized Application (Dapp) available on iOS and Android with features like farming, staking and earning, lending, and e-commerce.
Pi Bridge states in its docs that it will look to bridge to chains like Polygon and Cosmos in the future. The docs also indicate that more Decentralized Finance (DeFi) products like liquidity pools will be built for Wrapped Pi on BNB Chain. Pi Network and the Pi Community would make a powerful duo with BNB Chain.
A lot of hype has recently come about the Pi Coin. The coin was listed on several centralized exchanges before the unannounced mainnet launch. The Pi Network community has responded with divided opinions.
Pi Network has recently asserted that all the recent token listings have happened independently of the Core Team. The CoinMarketCap page for Wrapped Pi also discloses that Pi Network has faced recent controversy with a disclaimer atop the page.
What is Pi Bridge:
PiBridge is a hybrid all-in-one financial application platform combining both DEX and CEX models with multi-chain & cross-chain AMM, farming, lending, fundraising platform (launchpad), Event Tickets, Marketplace, Prediction, NFT, and more features. PiBridge will become an outstanding blockchain bridge that connects to other platforms such as commerce, economy, education, etc. All products will be developed with Pi Network as the base.
Where to find Pi Bridge:
What is Pi Network:
Pi Network is a mobile blockchain mining project on a mission to give everyone access to the cryptocurrency revolution. The project was founded by a team of Stanford University Ph.D. candidates who designed a mobile-friendly blockchain mining algorithm.
Pi Network has evolved over the years and has organized a hackathon, built a couple of working Pi blockchain apps, and is now in the final stages of transition to public mainnet.
Where to find Pi Network:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
