๐ฅ Gate Square Event: #PTB Creative Contest# ๐ฅ
Post original content related to PTB, CandyDrop #77, or Launchpool on Gate Square for a chance to share 5,000 PTB rewards!
CandyDrop x PTB ๐ https://www.gate.com/zh/announcements/article/46922
PTB Launchpool is live ๐ https://www.gate.com/zh/announcements/article/46934
๐
Event Period: Sep 10, 2025 04:00 UTC โ Sep 14, 2025 16:00 UTC
๐ How to Participate:
Post original content related to PTB, CandyDrop, or Launchpool
Minimum 80 words
Add hashtag: #PTB Creative Contest#
Include CandyDrop or Launchpool participation screenshot
๐ Rewards:
๐ฅ 1st
How did BYD Auto manage to sell more than 100 cars for Pi Coin amid the ban?๐ฅ๐ฐ๐
In China, reports mentioned that BYD Auto Service Co., Ltd. sold more than 100 cars using Pi Coin (PIGCV314159$) belonging to the Pi network, where each car was exchanged for 0.2 Pi.
Based in Yuhua District, Changsha City, Hunan Province, this company conducted these transactions despite China's strict ban on trading, mining, and using cryptocurrencies, citing financial risks, fraud, and capital outflows.๐๐
The legality of this sale is still unclear, as China banned all cryptocurrency-related transactions in 2021. However, cryptocurrency trading, secret and alternative exchange systems still exist. The legitimacy of BYD Auto Service's actions is still unclear, as digital currency transactions are considered illegal under Chinese law.๐จ๐ณ๐ฅโ๏ธ
It seems that the unauthorized Pi Coin currency PIGCV314159$ is a speculative gray market value (GCV) used in community-led transactions. The symbol "314159" refers to Pi (ฯ), a recurring pattern in the Pi Network brand. ๐ฅ๐
According to reports, major companies including Gaoling Group, Sequoia Capital, Hongyuan Construction, Poly Group, and Hunan Pailian Co., Ltd. support the BYD Auto Service. ๐ฅโ๏ธ
The use of Pi Coin to purchase vehicles raises questions about whether these transactions are officially recognized or just unofficial barter deals.๐ฅ๐?
#Crypto Downturn: Hold or Sell?# #Crypto ETFs Under Application# #Join Content Creators Challenge & Win $3,000# ?