Wrapped Pi is inflicting controversey with each its token volatility and its IDO companions.
Wrapped Pi Token Hits $18
Wrapped Pi token surged to almost $20 on January 2 earlier than returning to a worth level underneath $10. The token has induced fairly a stir in lower than per week since launching, exemplified most by the volatility within the token’s worth motion.
Amidst a controversial Preliminary DEX Providing (IDO), the Wrapped Pi token galvanized behind the large Pi Community group and doubled its worth in a 24hr span. The 24hr excessive for WPI is $18.31, whereas the low is simply $7.27, in accordance with CoinMarketCap.
Pi Bridge launched the Wrapped Pi token over the New 12 months with IDOs on six platforms. After promoting out and performing effectively throughout the platforms, one companion, FantomLive, appears to have tried to rip-off customers of $20,000.
The information with FantomLive is growing and ongoing. The PiBridge group confirmed with BSC News that they’ve a contingency plan if FantomLive fully rugs and doesn’t refund customers.
Pi Bridge has burned all remaining tokens unvested on FantomLive and is trying to work with the group to refund customers. Notably, FantomLive has deleted their Telegram and has not posted on Twitter because the PiBridge IDO on Dec. 28.
The controversy round Wrapped Pi shouldn’t be ignored. The value volatility is already a pink flag for customers on the lookout for a steady venture, however the launch controversy ought to elevate extra eyebrows. However who is aware of––Pi Community nonetheless has a robust group, and far of economics persists upon hype and FOMO.
No official connection from the Pi Community core group has been confirmed with the Pi Bridge group. The Wrapped Pi continues to be an unofficial wrapped token on BNB Chain of the Pi Community native coin. The final word aim of Wrapped Pi shall be a bridge between BNB Chain and Pi Community that operates at a 1:1 ratio with Pi Coin.
What’s Pi Bridge:
PiBridge is a hybrid all-in-one monetary software platform combining each DEX and CEX fashions with multi-chain & cross-chain AMM, farming, lending, fundraising platform (launchpad), Occasion Tickets, Market, Prediction, NFT, and extra options. PiBridge will turn out to be an impressive blockchain bridge that connects to different platforms corresponding to commerce, financial system, schooling, and many others. All merchandise shall be developed with Pi Community as the bottom.
The place to search out Pi Bridge:
Website | Twitter | Telegram |
What’s Pi Community:
Pi Community is a cell blockchain mining venture on a mission to provide everybody entry to the cryptocurrency revolution. The venture was based by a team of Stanford College Ph.D. candidates who designed a mobile-friendly blockchain mining algorithm.
Pi Community has advanced through the years and has organized a hackathon, constructed a few working Pi blockchain apps, and is now within the ultimate levels of transition to public mainnet.
The place to search out Pi Community:
Website | Twitter | LinkedIn | Facebook | Instagram |
