The long-awaited moment has finally arrived — Pi Network is officially entering the global cryptocurrency market. After years of anticipation, the digital currency that promised to democratize mining through smartphone accessibility is now transitioning into open trading. This milestone marks a pivotal shift not only for Pi Network but for the broader crypto ecosystem, signaling increased mainstream adoption and innovation in decentralized technologies.
With OKX announcing the official listing of Pi Network, millions of users worldwide who have been mining the coin since its inception are now preparing for live trading. The move underscores growing confidence in Pi’s underlying technology and its potential to reshape how everyday users interact with blockchain assets.
Pi Network Trading Timeline on OKX
OKX has released a detailed schedule for the rollout of Pi Network trading, ensuring a structured and fair launch process:
- February 12, 2025: Deposit operations for Pi coins begin, allowing users to transfer their mined tokens to the exchange.
- February 20, 2025: A Call Auction will be conducted to determine the initial market price transparently and equitably.
- February 20, 2025 (same day): Spot trading of Pi against USDT will go live, enabling real-time buying and selling.
- February 21, 2025: Withdrawals will be enabled, giving users full control over their digital assets.
This phased approach ensures stability during the critical early stages of trading, minimizing volatility and enhancing user trust.
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Trading Restrictions in the First 5 Minutes
To safeguard market integrity and prevent manipulation during the highly volatile opening phase, OKX has implemented temporary restrictions for the first five minutes of trading:
- No market orders allowed: Only limit orders will be accepted to ensure price stability.
- Maximum buy order cap: Each user can place buy orders up to a total value of $10,000.
- Net position size limit: The maximum net position any single user can hold is capped at $10,000.
These measures are designed to level the playing field, especially for retail investors, by limiting the influence of large traders during the initial moments of liquidity.
Price Band Mechanism: Ensuring Stability in the First 10 Minutes
To further protect against extreme price swings, OKX will enforce a dynamic price band system during the first 10 minutes after trading begins.
The upper and lower price limits will be calculated based on the real-time index price:
- Upper bound = Index Price × (1 + X)
- Lower bound = Index Price × (1 – X)
Where X represents a predefined percentage deviation threshold set by the exchange. After the initial 10-minute period, these bands will be adjusted using actual market data, particularly the average prices from the last two minutes, to reflect evolving conditions while maintaining control over erratic movements.
Call Auction Rules for Fair Price Discovery
The Call Auction on February 20 plays a crucial role in establishing a fair opening price. Key rules include:
- Users can submit buy orders with a maximum total value of $50,000 per account.
- During the final five minutes of the auction, no modifications or cancellations to orders are permitted.
- The final opening price will be determined based on aggregated order data, ensuring transparency and fairness.
This model prevents last-second manipulation and allows all participants equal opportunity to influence pricing through genuine demand signals.
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Development Milestones of Pi Network
Since its inception, Pi Network has evolved through several key phases, each contributing to greater decentralization, security, and user empowerment:
- March 14, 2019 (Pi Day): Official launch of Pi Network, enabling users ("Pioneers") to mine Pi directly from their smartphones.
- March 14, 2020: Transition to Testnet phase, allowing deployment of smart contracts and blockchain testing.
- Late 2020: Introduction of the Node Program, where users run nodes on personal computers to enhance network security.
- December 2021: Entry into Mainnet Closed Phase; users could complete KYC verification and migrate Pi balances to the main blockchain.
- October 2023: Release of an updated roadmap outlining achievements and future goals, reinforcing project transparency.
- December 2024: Postponement of Open Mainnet launch to Q1 2025 to allow more users time to complete KYC.
- January 2025: Over 18 million users completed KYC, with extended grace periods supporting a smoother transition.
These milestones reflect Pi Network’s commitment to gradual, secure decentralization — prioritizing accessibility without compromising on compliance or network integrity.
Frequently Asked Questions (FAQ)
Q: What is Pi Network?
A: Pi Network is a mobile-based cryptocurrency project that allows users to mine Pi coins using their smartphones without draining battery or data. It aims to make blockchain technology accessible to everyday people.
Q: Is Pi Network now tradable on exchanges?
A: Yes, starting February 20, 2025, Pi Network (PI) is available for spot trading against USDT on OKX following its official listing.
Q: Can I withdraw my Pi coins after trading starts?
A: Yes, withdrawal functionality becomes available on February 21, 2025, one day after trading goes live.
Q: Why did OKX implement trading limits for Pi?
A: These restrictions help ensure fair access, reduce market manipulation risks, and protect retail investors during high-volatility periods.
Q: How is the initial price of Pi determined?
A: Through a Call Auction mechanism that collects buy/sell interest before launch and calculates a fair opening price based on supply and demand.
Q: Do I need to complete KYC to trade Pi on OKX?
A: While OKX requires KYC for account verification, your prior KYC completion within the Pi Network app does not automatically link to OKX — you must verify independently on the exchange.
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With its unique approach to inclusive blockchain participation and strategic listing on a top-tier exchange like OKX, Pi Network stands at the threshold of a new chapter. As one of the most anticipated crypto launches of 2025, it offers both experienced traders and first-time users a rare opportunity to engage with a project built on accessibility, transparency, and long-term vision.
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