As the official Pi Network mainnet launch approaches on February 20, cryptocurrency exchange HTX has announced its plans to list the upcoming Pi Coin. In preparation, the platform has delisted its PI IOU token and converted all existing holdings into USDT, ensuring a smooth transition for users.
HTX Converts PI IOU to USDT
While some exchanges plan to swap PI IOU for the official Pi Coin based on its launch price, HTX has taken a more direct approach. Rather than waiting for the official conversion rate, the exchange has preemptively removed PI IOU from trading and reimbursed holders with USDT at a rate of 1 PI = 61.28 USDT. Users can view their converted funds by navigating to Assets > Spot Account on the platform.
By eliminating attachments to the previous IOU model, HTX aims to provide a fair and transparent market for Pi Coin’s official launch.
Growing Optimism Around Pi Mainnet Launch
With the February 20 mainnet debut just around the corner, excitement among Pi Network’s supporters—known as pioneers—continues to build. Recently, an Indian restaurant in Amritsar hosted an event to bring together local pioneers, highlighting the growing real-world adoption of Pi Coin.
Pi Coin Price Speculation Runs Wild
As anticipation for the official launch grows, speculation around Pi Coin’s value remains highly volatile. Estimates range from $100 to $500 before launch, while some predict a vastly different outcome, with potential values anywhere between 0.0₈5 (near zero) and $314,159. The latter figure stems from the Pi GCV (Global Consensus Value) community and is not an official valuation set by the Pi Core Team.
What’s Next for Pi Coin?
With HTX and other major exchanges positioning themselves for Pi Coin’s introduction, all eyes are on its mainnet debut and initial trading performance. Whether Pi Coin will meet the sky-high expectations of its supporters or take a more conservative market entry remains to be seen.
