Pi Network Responds to Unauthorized Token Listings

Pi Network Disapproves Exchange Listings
Pi Network has actually objected to all unapproved token listings on particular exchanges. The globe’s biggest blockchain-based area with over 35 million individuals clarifies that Pi Network is not related to any exchange.

According to a special declaration supplied to Pandoraland, the Pi Core team disclosed that Pi Network has no involvement with these $PI token listings on exchanges. The group included that the PI symbols traded are fake.

“Pi Network has no association with any of these exchanges, which are acting without the consent, authority, or involvement of the network. Further, the products being traded on these exchanges are not the real Pi tokens,” the team wrote.

The Pi Network issued a public announcement via Twitter last week after receiving reports of unauthorized token listings. Exchanges were also asked to remove the items from their systems by the network.

Pi Network’s Enclosed Mainnet
Pi Network is still in its enclosed mainnet, a build-up to the Open Mainnet launch. Throughout the encased mainnet period, the Pi mainnet is real-time but has a firewall that stops the undesirable exterior activity. This firewall is an obstacle, ensuring no connection between Pi and various other exchanges or blockchains.

Pi’s enclosed mainnet design suggests that $PI listing on any type of exchange is impossible. The listing breaches the network’s policies and is an incorrect indigenous Pi token, standing for some IOU or other derivatives.

Pi Network is in a critical phase in its encased mainnet growth, concentrating on two crucial concerns: mass KYC/mainnet movement and also ecological community structure. The firewall software will certainly stay active till Pi launches the Open Mainnet after completing the critical action in its enclosed mainnet.

What is Pi Network:

Pi Network is a unique cryptocurrency and programmer system that enables mobile individuals to mine Pi coins without draining the gadget’s battery. Pi’s blockchain protects economic purchases via a mobile meritocracy system and a full Web 3.0 experience where neighborhood developers can construct decentralized applications (dApps) for millions of users.

Pi is a new digital currency developed by Stanford PhDs, with over 35 million members worldwide. To claim your Pi, follow this link.