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Pi Network Urgent Announcement - Denies Affiliation with Any Exchange Listings

Pi Network Urgent Announcement – Denies Affiliation with Any Exchange Listings

“Warning to Pi Network Pioneers and Potential Users: Unauthorized Exchanges and third Parties Attempting to List Fake Pi Tokens”

As many of you may be aware, Pi Network is currently in its Enclosed Mainnet phase. It is crucial to emphasize that Pi Network is not currently affiliated with or approving any exchange listings.

Unauthorized & Fake Pi Listing (Potential Scam)

Recently, there have been reports of several unauthorized third party exchanges, as well as potential unknown third parties, attempting to list Pi or tokens purporting to be Pi, or some falsely claimed derivatives of Pi without the consent, authorization, or involvement of Pi Network. It is crucial to emphasize that Pi is currently not approved for listing on any exchange or for trading by Pi Network, and Pi Network was not involved with these purported postings or listings.

Given these circumstances, Pi Network advises all Pioneers and potential Pi users to steer clear of these exchanges and third parties as their actions are not endorsed by Pi Network and may result in significant loss or harm to Pi users. Pi Network is also taking steps to have these posts and exchange listings removed, and is evaluating additional actions with respect to the third parties and exchanges involved.

Also read about: Don’t Miss Out on Pi Network’s Epic 2022 End of Year Updates: Here’s What You Need to Know

It is worth reiterating that the transaction of Pi through an exchange is strictly prohibited during the Enclosed Mainnet period, and doing so would be a violation of Pi’s policies. The Enclosed Mainnet period is a strategic decision made by Pi Network in order to build a network of true substance and utilities that benefits the network, the community, and individual Pioneers.

During this time, Pi Network’s primary focus is on mass KYC/migration and ecosystem utilities-building, both of which are essential steps towards their ultimate goal of building a viable ecosystem for the upcoming Open Mainnet phase. 

Also read about: Join the Crypto Revolution with Pi Network: The Leading Platform for Cryptocurrency Adoption

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