$PI Lists on OKX

Pi Network Confirms OKX as First CEX to List $PI

Introduction

In a landmark announcement, Pi Network has officially confirmed that it will transition to the Open Network phase on February 20, 2025, at 8:00 AM UTC. This milestone signifies the network's move from the Enclosed Mainnet to full integration with the broader blockchain ecosystem.

One of the biggest highlights of this transition is the listing of Pi Network's native cryptocurrency, $PI, on OKX, making OKX the first centralized exchange (CEX) to offer $PI for trading. The move will allow millions of Pi Network users to trade their tokens openly, significantly increasing liquidity and market accessibility.

Pi Network’s Journey to the Open Network

Pi Network has long been known for its unique approach to cryptocurrency mining and blockchain adoption. Unlike traditional cryptocurrencies that require energy-intensive mining rigs, Pi Network introduced a mobile-friendly mining system, enabling users to earn Pi tokens directly from their smartphones.

Key Milestones Leading to the Open Network Phase:

1. Launch in 2019: Pi Network was founded with the vision of making cryptocurrency mining accessible to everyone.
2. Rapid User Growth: The project grew exponentially, reaching over 60 million engaged users globally.
3. KYC and Mainnet Migration: More than 19 million users completed KYC verification, and over 10 million migrated to the Mainnet.
4. Enclosed Mainnet Phase (2022-2025): This phase allowed users to transfer Pi tokens within the ecosystem, ensuring security before full market release.
5. Open Network Announcement (February 2025): With the official launch of the Open Network, $PI becomes tradable on centralized exchanges.

OKX: The First CEX to List $PI 

Why OKX?

OKX is a leading global cryptocurrency exchange, recognized for its robust trading infrastructure, deep liquidity, and commitment to security. Its decision to list $PI reflects strong confidence in Pi Network’s potential and its vast user base. 

Official OKX Listing Schedule:

• PI Deposits Open: February 12, 2025, at 2:45 AM UTC
• PI Call Auction: February 20, 2025, from 7:00 AM to 8:00 AM UTC
• PI/USDT Spot Trading Begins: February 20, 2025, at 8:00 AM UTC
• PI Withdrawals Available: February 21, 2025, at 8:00 AM UTC 

What is a Call Auction?

A call auction is a special trading phase where users can place buy and sell orders before regular trading starts. This method helps to establish a fair market price and prevents extreme volatility when a new asset is listed. 

OKX will implement initial price and order limits to ensure a smooth trading experience. These restrictions will be removed after the first 5 to 10 minutes of trading, allowing the market to function freely.

How to Trade $PI on OKX

For users who wish to trade $PI on OKX, here’s a step-by-step guide:

1. Create an OKX Account:

• Visit the OKX website and sign up.
• Complete KYC verification to unlock full trading features.

2. Deposit Funds:

• If you are a Pi Network user with $PI tokens, you can deposit them starting February 12, 2025.
• If you do not hold $PI, you can fund your OKX account with USDT to trade when the market opens.

3. Participate in the Call Auction:

• Between 7:00 AM and 8:00 AM UTC on February 20, place buy or sell orders before trading goes live.

4. Start Spot Trading:

• At 8:00 AM UTC on February 20, PI/USDT trading pairs will become fully available.

5. Withdraw $PI Tokens:

• From February 21 at 8:00 AM UTC, users can withdraw their Pi tokens to external wallets.

 

Market Implications of Pi Network’s Listing

The listing of $PI on a major exchange like OKX marks a significant milestone in Pi Network’s evolution. Here are some potential impacts:

1. Increased Liquidity and Adoption

With a highly active user base, the trading volume for $PI is expected to be substantial. This could attract institutional investors and further drive adoption.

2. Legitimacy and Recognition

Pi Network has faced skepticism in the past. However, a listing on a reputable CEX like OKX signals legitimacy and trust within the crypto space.

3. Potential for Price Volatility

As with any new listing, $PI may experience price volatility in its early days of trading. Traders should exercise caution and stay informed.

 

Risks and Considerations

While this listing is exciting, users should be aware of potential risks:

• Volatility Risks: New listings often experience price swings; invest cautiously.
• Security Risks: Ensure your account has 2FA enabled and only trade on official OKX platforms.
• Regulatory Considerations: Different countries have different regulations on crypto trading. Ensure compliance with local laws.

What’s Next for Pi Network?

The Open Network launch is just the beginning for Pi Network. As the ecosystem matures, here are some potential future developments:

Integration with DeFi and Web3 Applications:

• Pi Network may expand into decentralized finance (DeFi), enabling staking, lending, and borrowing services.

More Exchange Listings:

• With OKX leading the way, other major exchanges like Binance, Coinbase, and KuCoin might list $PI in the future.

Partnerships with Merchants:

• As $PI gains recognition, businesses may start accepting Pi tokens for real-world transactions.

 

Conclusion

Pi Network’s confirmation of OKX as the first centralized exchange to list $PI is a historic event for the project and its community. With over 60 million engaged users, the listing marks a new era of liquidity and accessibility for Pi holders.

As the Open Network phase begins, users are encouraged to stay updated on official Pi Network and OKX announcements, exercise caution while trading, and take advantage of this exciting opportunity in the crypto space.

Are You Ready for Pi Network’s Next Chapter?

The future of Pi Network is bright, and its listing on OKX is just the beginning. Get prepared, and don’t miss this milestone moment in blockchain history!