Hello Pi Oneers! Wishing you all a good day.
According to the information circulating in the Pi Network community, the Pi Core Team is preparing to launch Pi Exchange. Let’s explore this information together. Let’s go!
Let’s visit the information repository on github.com, where you will find information about the Pi Exchange under the domain ex-change.github.io. Inside, you can find all the details about the Pi Exchange, and here is a summary of the greeting message:
“Welcome to Pi Consensus Trading! THIS IS NOT A SALE, NOT A LISTING OF THE REAL PI. THIS IS CONSENSUS TRADING USING TEST-PI AND TEST $ TO DERIVE A VALUE FOR PI AS A POINT OF REFERENCE FOR GOODS AND SERVICES IN THE ECOSYSTEM DURING THE ENCLOSED NETWORK PERIOD.”
In summary, this means that this is a testing phase using Pi in the Testnet to establish a value for Pi as a point of reference for goods and services within the ecosystem during the closed network period. This platform will become official when the Mainnet is launched. They also have a small note saying, “Pi, Pi Network, and the Pi logo are trademarks of the Pi Community Company.”
Now, let’s scroll down to see more information.
They mention that you can access it by copying this link: https://ex-change.github.io and pasting it into your browser. You can also access it using the Pi network protocol as “pi://ex-change.github.io.” After that, you can click on “agree” and choose the language of your region.
Afterward, create an account, similar to other exchanges or applications, where you’ll create a wallet with a security phrase, just like Binance or MetaMask (please note, this is not a Pi Network security phrase). This wallet is used for transferring your Pi tokens from your Pi wallet to facilitate trading.
There are many steps involved, and once completed, you’ll see the exchange’s simple homepage, displaying the Pi token’s current price, which appears to be $922.02 USD/1 Pi. If this price is accurate, it’s fantastic.
Additionally, you’ll need to create a code and paste it into Telegram, among other instructions. There are various aspects to this process, and it’s not feasible to cover them all in this video. If you’re interested in learning more, I recommend checking out github.com.
A small note (hypothetical scenario): I’ve never encountered a registration process that requires users to create a code and send it via Telegram. This could potentially be a way to collect user information, but it doesn’t seem to be an official requirement from the Pi Core Team.
A word of advice for all of you: To be honest, since the announcement of Pi Exchange, the ADMIN hasn’t tested or accessed the provided link. The ADMIN only trusts information officially released by the Pi Core Team. The information in this video seems to be community-driven FOMO (Fear of Missing Out) and has not been officially verified by the Pi Core Team.
If you intend to use this platform, please refrain from transferring your actual Pi tokens to it, as there’s a high likelihood of losing your genuine Pi tokens from your wallet.
Although this application operates on the Pi network protocol, it has not been verified by the Pi Core Team, making it susceptible to potential fraud or scams.
My post has been quite lengthy, and I’d like to conclude it here. Stay tuned for future updates in our next post, and remember to subscribe to stay up-to-date with the latest Pi Network and crypto news. Thank you!