FAQ about Huobi listing Pi with deposit suspended

Hello Pioneers amd buyers,

I made this post to extinguish all the false information that both pioneers and (believe it or not) Founders of Pi themselves have about central exchanges aka: CEX like Huobi etc..

- is deposit suspension a sign of something wrong?

No, deposit can ne suspended for many reasons. One of them is to comply woth the coin's whitepaper .. which is the case with Pi .. also it can be to set to prevent outrageous holders from dumping the price so quickly .. as this would hurt both the platform (CEX) and the coin (Pi) .. by suspending deposits for a given time .. this allows the traders and new buyers to trade seamlessly and comfortably without crazy chart movements that migh end in huge losses thus hurting almost all parties involved. Usually deposits open after the exchange is in line with terms of the coin rules and when prices stabilize after a significant amount and time of trading take place.

- Did the founders of Pi approve listing of Pi on Huobi?

The question itself is incorrect .. the founder of any coin has no control of any central exchange like Huobi .. it can be listed or delisted without even informing the founder .. Exchanges do this because they know that all coin makers compete to get listed on their platform, so it's a no brainer if they list your coin, you would be more than happy .. which leads us to why founders of Pi are not happy: because they simply are not aware of how lucky they are by getting listed in such a big exchange

- Why are Pi founders unsatisfied with being listed on Huobi etc..?

Because they simply don't have the knowledge .. yes, they know about how to code a blockchain and how to market it.. but their reaction for this listing shows clearly they have never dealt with central exchanges before .. becuase if they did, they would be throwing a party at their offices by now .. being listed in big exchanges can vary from you having to pay tens of thousands of dollars to - best case scenario - get invited by the exchange into their "innovation zone" .. Huobi saw the potential in Pi and even skipped all of these and listed Pi without a hustle .. they even followed guidelines and didn't open deposits, otherwise obnoxious sellers could have dropped the price under $0.01

- But .. but .. the forums and chats say that listing was a fishy move

Forums and chats are full of noobs who know nothing about what i said above .. they only talk out of intuition .. none of your favorite twitter influencer have even dealt with a listing before and they know nothing about how things work .. not to mention normal users who repeat what's been said like parrots .. all misinformation with no real ground.

- As a seller what should i do now?

Beware of p2p buyers.. 99% of them are willing to steal your Pi and they will never pay first .. whoever trues to negotiate with you to make you pay first is robbing you off of your precious Pi

- As a legitimate buyer what should i do now?

Either buy expensively on the platform or if you prefer p2p trading then pay in advance to sellers who have spent years to collect their Pi .. who knows you might build a great trust profile and get yourself a big running business by just buying at quarter the Huobi price!

Stay safe .. stay a Pioneer.

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FAQ about Huobi listing Pi with deposit suspended

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