After six years of anticipation, Pi Network is finally launching its mainnet! According to an official blog post, the network will go live on February 20, 2025, at 8:00 AM UTC (4:00 PM Taiwan Time). This milestone marks the transition from a closed ecosystem to a fully operational blockchain, enabling real-world utility for its native token, Pi.
Key Highlights from Pi Network’s Announcement
The blog post emphasized:
"Thanks to the Pi community’s dedication over the past six years, we’re taking the next step toward realizing our vision—a globally inclusive peer-to-peer ecosystem powered by Pi. With over 10.14 million Mainnet migrations (exceeding the 10M target) and 19M+ verified Pioneers, Pi is now poised to unlock its utility-driven ecosystem."
What to Expect on Launch Day?
- Details about the Open Network will be shared closer to the date.
- Users can prepare by ensuring KYC compliance and wallet readiness.
OKX to List Pi Coin Simultaneously with Mainnet Launch
At 10:45 UTC, OKX confirmed it will list Pi (PI) for spot trading on February 20. Key dates:
- Deposits open: February 12, 2025, 10:45 AM (UTC+8).
- Call auction: 3:00–4:00 PM (UTC+8) on launch day.
- PI/USDT trading starts: 4:00 PM (UTC+8).
- Withdrawals open: February 21, 4:00 PM (UTC+8).
👉 Read OKX’s official announcement for updates.
The listing has sparked mixed reactions, with some users humorously noting, "My aunties mining Pi might outshine my Bitcoin portfolio!"
Huobi’s Pi IOU Hits $100 Amid Speculative Frenzy
While Huobi (HTX) listed Pi tokens in 2022, these were IOUs—essentially futures contracts—since deposits/withdrawals weren’t enabled. With the mainnet launch imminent:
- Pi IOU prices **peaked at $100**, currently stabilizing at ~$80.
- 24-hour surge: +70%, reflecting heightened trader interest.
Pi Network 101: What You Need to Know
What is Pi Network?
Launched in 2019, Pi Network is a mobile-mining project allowing users to earn Pi coins via daily app interactions. Despite its popularity, criticism arose due to:
- Closed mainnet limitations: Restricted P2P transactions among KYC-verified users.
- Delayed exchange integration: No direct liquidity until now.
With the mainnet launch, Pi’s real-world value will finally be tested.
FAQ: Addressing Common Queries
1. Is Pi Coin a scam?
Pi Network has maintained transparency, but skepticism persists due to its prolonged development phase. The mainnet launch will validate its legitimacy.
2. How can I sell Pi after launch?
Via supported exchanges like OKX. Ensure your Pi is migrated to the mainnet wallet.
3. Why did Huobi’s IOU price spike?
Speculation around mainnet liquidity drove demand. Prices may stabilize post-launch.
4. What’s Pi’s long-term potential?
Depends on adoption—watch for developer activity and real-world use cases.
Final Thoughts
Pi Network’s launch is a watershed moment for its community. While excitement is high, investors should:
- Monitor exchange listings post-launch.
- Verify project updates directly from official sources.
Stick around for further coverage as Pi enters the open market!