The cryptocurrency community is anticipating the Pi Network mainnet launch with imminent listings of the PI token on significant exchanges.
Major Exchange Listings Confirmed
Pi Network has secured agreements with three prominent cryptocurrency exchanges for the PI token listing: OKX, MEXC Global, and Bitget. OKX, one of the largest exchanges globally, will offer PI starting February 20, 2024. MEXC Global will list PI in its Innovation Zone, while Bitget will include it in its Innovation, Web3, and Public Chain Zones, reflecting substantial interest in the project.
Trading Considerations and Market Classification
Bitget surprised the community by categorizing PI as a trending memecoin, sparking discussions about the token's long-term value and market perception. Such classification can influence how PI is positioned in the market, traditionally requiring proof of fundamental value.
Exchange Rejections and Industry Concerns
Not all exchanges support PI. Bybit has openly rejected the listing, citing potential legitimacy concerns around the project. Crypto journalist Colin Wu also voiced concerns about pyramid scheme characteristics and oddities in exchange behavior regarding project information.
The Pi Network mainnet launch and associated exchange listings signify an important phase in the project's evolution. Despite success in listings, Pi faces criticism and legitimacy questions. Investors should exercise caution, considering all opportunities and risks.
