Pi Network is a revolutionary cryptocurrency project that aims to democratize the mining process and empower millions of users around the world. Pi Network allows anyone with a smartphone to mine Pi tokens without draining the device’s battery or consuming data.

Pi Network is also developing a platform for decentralized applications (dApps) that will enable community developers to create innovative solutions for various use cases.

Read also: What Are Decentralized applications ( dApps)

But how can you benefit from Pi Network trading? How can you sell and buy Pi IOU tokens using Huobi, one of the leading cryptocurrency exchanges in the world? In this article, we will answer these questions and show you how to make a fortune with Pi Network trading on Huobi.

What are Pi IOU tokens?

Pi IOU tokens are not the same as Pi tokens.

Pi tokens are the native currency of Pi Network, which are currently being mined by users on their smartphones.

Pi tokens are not yet available for trading, as Pi Network is still in the testing phase and has not launched its mainnet.

Pi IOU tokens, on the other hand, are a representation of Pi tokens that are issued by third-party platforms, such as Huobi. Pi IOU tokens are backed by a promise to deliver the equivalent amount of Pi tokens once the mainnet is live. Pi IOU tokens can be traded on Huobi and other platforms that support them.

Note: Before attempting to sell or buy Pi IOU tokens on any exchange, including Huobi, users must complete their KYC and migrate their Pi Coins to the mainnet. This is essential to prevent any delays, potential losses, or complications during the transaction process.

Check these articles for the entire process;

• What Is Pi Network, Is Pi Crypto Coin Scam or Legit? Get Started Step-by-Step
• Complete KYC for Pi Network Successfully in 2024 with this Guide: Act Now PI Network Issues Urgent Call To Action

How to sell and buy Pi IOU tokens using Huobi?

Huobi is one of the first and only platforms that offer Pi IOU trading. Huobi is a global cryptocurrency exchange that provides a secure, reliable, and convenient service for users to trade various digital assets. Huobi has over 10 million users in more than 170 countries and regions, and supports over 400 trading pairs.

You can view and compare various prices in various IOU sites here

To sell and buy Pi IOU tokens using Huobi, you need to follow these steps:

Step 1. Register an account on Huobi.

You can use your email or phone number to sign up, and verify your identity with the required documents. Click Register to get started.

Step 2. Deposit funds to your Huobi account.

You can use fiat currency, such as USD, EUR, or KES, or other cryptocurrencies, such as BTC, ETH, or USDT, to fund your account.

You can use various payment methods, such as bank transfer, credit card, or mobile money, depending on your location and preference.

This step is not a must but it helps to keep you account active. You can choose to skip it if you like.

Step 3: Buy Crypto

Click “Buy Crypto or Go to the Pi IOU trading page on Huobi.

You can find it under the “Innovation Zone” section, or search for “PI/USDT” in the search bar. You will see the current price, volume, and trend of Pi IOU tokens, as well as the order book and the trading chart.

Step 4. Place your order to sell or buy Pi IOU tokens.

Click “P2P Market”. And Choose Pi Coin as the cryptocurrency you wish to sell or buy.

You can choose between a limit order, which lets you set a specific price and amount, or a market order, which executes immediately at the best available price.

You can also use advanced features, such as stop-loss, take-profit, or margin trading, to enhance your trading strategy.

Step 5: Set Price and Payment Method

Determine the selling price and buying  for your Pi Coin and select a preferred payment method. Then, click on the “Sell” button to proceed. Keep in mind that there are limits on the amount of Pi Coin you can sell at once.

Step 6: Enter Selling Details

Within 45 seconds, input the total amount of Pi Coin or money you intend to buy or sell. Click the “Order” button to confirm your selling details.

Step 7: Confirm with Fund Password

To validate your order, enter your fund password and click the “Confirm” button.

Step 8: Verify Payment and Release Crypto

Once the buyer has successfully transferred the money, they will mark the order as “Paid.” Check your account to confirm the receipt of funds. If payment is received, mark the transaction as “I have received payment” and release the Pi Coin to the buyer.

Step 9: Confirm Receipt and Release

Tick the checkbox confirming receipt of the payment and release the Pi Coin to the buyer.

Step 10: Re-enter Fund Password

For added security, re-enter your fund password as prompted.

Step 11: Order Completion

After the transaction is finalized, you can either return to the home screen or review the order details. Keep in mind that the crypto in your Fiat Account will be deducted as you’ve completed the sale.

Step 12. Confirm your order and wait for it to be filled.

You can check the status of your order in the “Open Orders” or “Order History” tabs. Once your order is filled, you will see the Pi IOU tokens in your Huobi account balance.

How to make a fortune with Pi Network trading on Huobi?

Pi Network trading on Huobi is a great opportunity for investors who want to capitalize on the potential of Pi Network. Pi Network is a novel and innovative project that has a huge user base and a strong community.

Pi Network is also developing a platform for dApps that will enable various use cases and applications for Pi tokens. Pi Network has the potential to become one of the leading cryptocurrencies in the future.

Pi IOU trading on Huobi is a way to speculate on the future value of Pi tokens. Pi IOU tokens are currently trading at a fraction of the expected value of Pi tokens once the mainnet is live.

Pi IOU tokens are also subject to supply and demand dynamics, as well as market sentiment and news. Pi IOU tokens can experience significant price fluctuations, which can create opportunities for profit or loss.

To make a fortune with Pi Network trading on Huobi, you need to have a clear and informed trading strategy. You need to do your own research and analysis, and keep yourself updated with the latest developments and announcements from Pi Network and Huobi.

You need to be aware of the risks and rewards involved, and manage your funds and emotions accordingly. You need to be patient and disciplined, and follow your trading plan.

Pi Network trading on Huobi is not for everyone. It is a high-risk, high-reward activity that requires skill, knowledge, and experience. However, if you are willing to take the challenge and seize the opportunity, you can make a fortune with Pi Network trading on Huobi.

Conclusion

Pi Network is a groundbreaking cryptocurrency project that offers a unique opportunity for users to mine Pi tokens on their smartphones and participate in a platform for dApps. Pi IOU tokens are a representation of Pi tokens that can be traded on Huobi and other platforms before the mainnet launch.

Pi IOU trading on Huobi is a high-risk, high-reward activity that requires a clear and informed trading strategy. If you are interested in Pi Network trading on Huobi, you can register an account on Huobi and start trading Pi IOU tokens today.