The Pi Network listing model on cryptocurrency exchanges is a form of debit trading. Users exchange bogus digital currency, based entirely on inflating and trust.
On December 29, two cryptocurrency trading platforms, XT.com and Huobi, officially announced the listing of Pi (Pi Network) on the spot market.
In fact, the listing model of XT.com or Huobi applied is IOU (I owe you – I owe you). In essence, this is a debt contract, established for a future transaction. This form is not a new invention in the cryptocurrency industry.
This is a suspicious activity because this asset has not been officially put into operation on the blockchain network.