Announcement Overview
Huobi HTX has announced its support for the upcoming Pi Network (PI) mainnet launch, including a structured plan to assist users in converting their PI holdings to USDT. Key dates and procedures have been outlined to ensure a smooth transition for all platform users.
Key Dates and Actions
- February 13, 2025 (16:00 GMT+8): Huobi HTX halted PI trading and initiated delisting procedures.
- Post-Delisting: PI holdings will be automatically converted to USDT at a fixed ratio of 1 PI = 61.28 USDT, based on the last trading price before suspension.
- Future Listings: Upon successful mainnet launch, Huobi HTX plans to relist PI as a mainnet asset and reopen spot trading.
User Guidelines
Automatic Conversion:
- All open PI orders were canceled automatically upon delisting.
- Assets were returned to users' spot accounts for conversion.
- USDT credits will appear in spot accounts post-conversion.
Post-Conversion Clarity:
- Huobi HTX will publish a follow-up announcement once conversions are complete.
- Users should monitor official channels for PI mainnet relisting updates.
Risk and Transparency Notes
- Huobi HTX reserves the right to modify or cancel this initiative without prior notice.
- Cryptocurrency investments carry inherent risks due to price volatility. Users are advised to review the platform’s Risk Disclosure for details.
Frequently Asked Questions (FAQ)
Q1: Why was PI delisted from Huobi HTX?
A: The delisting aligns with Pi Network’s mainnet transition, marking the end of the IOU phase for PI tokens on the exchange.
Q2: How is the conversion rate determined?
A: The 1:61.28 ratio reflects PI’s last traded price before suspension, ensuring fairness for all users.
Q3: When will PI mainnet trading begin?
A: A relisting date depends on Pi Network’s mainnet stability. Huobi HTX will announce timelines post-launch.
Q4: Can I opt out of the PI-to-USDT conversion?
A: No—the process is mandatory for all user holdings to standardize balances ahead of mainnet integration.
Q5: Where can I track my USDT after conversion?
A: Log in to your Huobi HTX spot account; funds will appear once processing concludes.
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For further assistance, contact Huobi HTX support at [[email protected]](https://www.htx.com/cdn-cgi/l/email-protection).