HTX is set to open spot trading for Pi Network (PI) against USDT on December 29th at 16:00 Western Indonesian Time (WIB). This marks a significant step in providing access to the Pi token for the exchange's user base.
The platform will closely monitor the progress of the Pi Network mainnet. Once the mainnet is successfully launched, deposit and withdrawal functionalities for PI will be activated for all users.
Understanding Pi Network and Its Ecosystem
Pi Network represents an innovative approach to digital assets and developer platforms. It enables mobile users to mine PI tokens directly from their devices without excessive battery consumption. The network's blockchain secures economic transactions through a mobile meritocracy system while also supporting a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.
The project aims to create an accessible cryptocurrency mining experience while maintaining energy efficiency—a common concern with traditional mining operations.
Important Trading Considerations
Market orders placed between 90%-110% of the last traded price without existing order book depth will be automatically canceled to prevent excessive slippage. Newly listed tokens typically experience higher volatility, so traders should exercise caution and understand the risks before participating.
Cryptocurrency investments carry inherent risks due to price fluctuations. Always conduct thorough research and only invest what you can afford to lose. For those looking to explore secure trading platforms, ensure you understand all risk factors before proceeding.
Frequently Asked Questions
When will PI trading begin on HTX?
Trading commences on December 29th at 16:00 WIB (Western Indonesian Time). The trading pair will be PI/USDT.
Will deposits and withdrawals be available immediately?
No, deposit and withdrawal functionalities will be enabled after the successful launch of the Pi Network mainnet. HTX will monitor mainnet developments and activate these features accordingly.
What makes Pi Network different from other cryptocurrencies?
Pi Network focuses on mobile accessibility, allowing users to mine tokens without draining device batteries. It utilizes a meritocracy-based system and aims to support a complete Web 3.0 ecosystem with decentralized applications.
Is PI mining available to everyone?
Yes, PI mining is designed to be accessible to mobile users worldwide. The mining process doesn't require specialized equipment or excessive energy consumption.
What should I consider before trading PI?
New listings often experience high volatility. Understand the risks, set appropriate limits, and consider using limit orders rather than market orders to control your entry and exit points.
Where can I learn more about risk management in crypto trading?
Most established platforms provide educational resources on risk management. You can discover comprehensive trading guides to better understand market dynamics and protective strategies.
HTX reserves the right to modify, change, or cancel this announcement at any time without prior notice. This information is provided for informational purposes only and does not constitute an endorsement or guarantee of any digital asset, product, or promotion.