Pi Network Mainnet Officially Launches
The long-awaited Pi Network mainnet has finally gone live today. Since its initial launch in 2019, Pi coin (also known as pi币 in Chinese) has gained significant attention from investors who acquired it through mining and non-mainnet exchanges. The listing on OKX exchange marks a major milestone for the project's legitimacy and future growth.
Key Developments in Pi Network Ecosystem
Following Pi Network's official announcement of mainnet launch, leading global cryptocurrency exchange OKX promptly responded by confirming the listing of PI tokens for spot trading. The exchange released a detailed timeline for deposits, trading, and withdrawals, signaling a crucial step in Pi Network's journey toward mainstream adoption.
According to the OKX announcement, the platform will list PI (Pi Network) with the following schedule:
- Deposit Opening: February 12, 2025 at 10:45 (UTC+8)
- Call Auction Period: February 20, 2025 from 15:00-16:00 (UTC+8)
- PI/USDT Spot Trading Launch: February 20, 2025 at 16:00 (UTC+8)
- Withdrawal Availability: February 21, 2025 at 16:00 (UTC+8)
Strategic Importance of OKX Listing
The exchange has structured PI's onboarding process into four distinct phases:
- Deposit Phase: Beginning February 12, 2025 at 10:45 (UTC+8), users can transfer Pi Network mainnet tokens to their OKX accounts, ensuring liquidity for subsequent trading activities.
- Call Auction and Spot Trading: The February 20 session from 15:00-16:00 (UTC+8) allows users to submit orders for price discovery, followed by official PI/USDT trading at 16:00. This mechanism helps stabilize initial price movements.
- Withdrawal Phase: Starting February 21 at 16:00 (UTC+8), users gain full control over their assets with the ability to transfer PI tokens to external wallets.
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Current PI Token Price Information
As of today, Pi Network's live price stands at ¥348.45 per PI (PI/CNY), reflecting a 7.64% increase in value. The 24-hour trading volume reaches 74.50K CNY, though the circulating market capitalization remains unconfirmed at this early stage of mainnet operation.
Key metrics:
- Current price: ¥348.45
- 24-hour change: +7.64%
- Trading volume: 74.50K CNY
- Circulating supply: Data pending
Understanding Pi Network's Technology
Pi Network represents an innovative approach to cryptocurrency and decentralized application development. Its unique mobile mining system allows users to earn PI tokens without draining device batteries or requiring specialized hardware.
The platform's blockchain facilitates secure economic transactions while supporting a complete Web 3.0 ecosystem. Community developers can build decentralized applications (dApps) that serve millions of users, creating new possibilities for the decentralized internet.
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Frequently Asked Questions
Q: When did Pi Network officially launch its mainnet?
A: Pi Network's mainnet launched on February 12, 2025, with OKX exchange confirming immediate support for PI token trading.
Q: What is the current price of PI token?
A: As of mainnet launch, PI trades at approximately ¥348.45 with a 7.64% daily increase, though prices may fluctuate during initial trading periods.
Q: How does Pi Network's mining differ from traditional cryptocurrencies?
A: Pi uses a mobile-first consensus algorithm that doesn't require energy-intensive mining processes, making it accessible to everyday smartphone users.
Q: When can users withdraw PI tokens from exchanges?
A: OKX will enable withdrawals starting February 21, 2025 at 16:00 (UTC+8), following initial trading and price stabilization periods.
Q: What makes Pi Network's technology unique?
A: Its energy-efficient mobile mining system and focus on Web 3.0 development create an accessible platform for decentralized applications and digital transactions.
Q: Where can I track PI token prices?
A: Major cryptocurrency data platforms will list PI prices following exchange listings, with OKX being among the first to support trading pairs.