Huobi continues to drive the hype in the Pi ecosystem by listing the $PI token.
Huobi Offers 50% APY on Pi Deposits
Pi Network has been active in the crypto space in recent weeks. The latest development is the backing from Huobi Exchange after listing its native Pi token.
The top-tier centralized exchange with over 600 coins added PI/USDT spot trading to its list of growing markets on December 29. Days after Pi’s listing, Huobi added the token to its investment product, Huobi Earn. The exchange tweeted on January 4th that users can deposit Pi tokens and earn up to 50% Annual Percentage Yields (APY).
Huobi Earn enables users to manage their digital assets by depositing some portions of their holdings into Fixed or Flexible deposits to generate high APYs.
$PI surged to $305 moments after listing on Huobi but has corrected since then and is currently trading at $86.67.
While Pi is available for trading on Huobi, it is essential to note that there are still questions about its legitimacy. Pi Network’s mainnet has not yet launched and is not affiliated with $Pi tokens listed on any exchange. Additionally, the Pi Core Team has stated that Pi Network is not associated with $PI listing on any exchange.
BSC News urges users to research before investing in any $PI token as the network is yet to launch on the mainnet. In the meantime, we will keep you updated with the Pi ecosystem hype.
What is Pi Network:
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.
Where to find Pi Network:
Source : bsc.news
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