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#PI The Pi Wallet is a native coin, and after transferring from the wallet to the exchange, it becomes a Token. Their values are also different. You can refer to KOSASIH's tweets for more information. KOSASIH is one of the developers from the Nicolas team, and the dual system he developed is still in testing and will soon be launched in the market. These merchants can connect to the dual system through the SDK port, and its price is executed by the smart contracts code.
Users migrating coins should not transfer your coins casually to the exchange; the coins in the wallet and the coins in the exchange have dual value.