Pi Network Listing: The Beginning of a New Era in the World of Digital Currencies
In the world of digital currencies, the listing of a new coin on major exchanges is always a significant event. However, the listing of Pi Network on February 20, 2025 holds special importance. After years of development and testing, this cryptocurrency is often described as a "revolution in mobile mining" and is preparing to
Pi Network’s Journey: From Easy Mining to Global Adoption
Pi Network was launched on March 14, 2019, by a team of Stanford University graduates with the goal of making cryptocurrency mining accessible via smartphones without requiring advanced hardware. The platform introduced a “social mining” model, where users earn coins simply by tapping a daily button in the app, while security is reinforced through “trust circles” consisting of 3 to 5 people.
By 2025, the network had surpassed 35 million users, with 19 million completing the Know Your Customer (KYC) verification process, a key requirement for transitioning to the mainnet. This widespread adoption reflects the strength of the community Pi Network has built, increasing its chances of success in open markets.
Listing Date and Final Preparations
Pi Network has officially set February 20, 2025, as the launch date for its Open Mainnet after previous delays to ensure the completion of KYC processes and the migration of accounts to the Mainnet. According to an announcement from the OKX platform, the listing schedule will be as follows:
February 12: Deposits for Pi Network will be opened on the platform.
February 20: The "Call Auction" will begin to determine the opening price, followed by immediate trading against USDT.
February 21: Withdrawals will be enabled.
To limit price volatility in the first few minutes, OKX has implemented the following restrictions:
Open orders will be prohibited at the start of trading.
A maximum purchase limit of $10,000 per order.
Expected Impact on the Cryptocurrency Market
With the launch of the Open Mainnet, Pi will transition from being a virtual asset within the app to a fully tradable cryptocurrency on major exchanges like Binance and Coinbase in the near future. The coin has already seen a sharp increase in its estimated value (IOU price), surging from $48 to $99.96 immediately after the official listing announcement.
Despite this momentum, key challenges remain, including:
Liquidity concerns: Out of the 100 billion total supply, 60 billion Pi have already been mined, which could impact price stability.
Initial volatility: Projections suggest that if positive momentum continues post-listing, Pi could reach $100 or more in the short term.
Key Achievements and Challenges Facing Pi Network
Project Achievements:
Integrated Ecosystem: Over 100 applications have been developed on the Pi Network, including payment platforms and e-commerce solutions.
Successful PiFest 2024: The event saw participation from 27,000 merchants and nearly 950,000 users conducting real transactions using Pi.
Adoption of Stellar Consensus Protocol: Enhancing security and decentralization within the network.
Potential Challenges:
KYC Delays: Slowed verification processes have led to a decline in user trust, especially in the Middle East.
Centralization Concerns: Despite being promoted as a decentralized network, some critics argue that the core team retains too much control over key decisions.
The Future of Pi Network After Listing
With its entry into open markets, Pi Network will face a real test to determine its ability to compete in the trillion-dollar cryptocurrency industry.
Key Potential Scenarios:
Integration with DeFi 3.0 Projects: Supporting smart contracts and enabling higher yields through protocols like USDT Staking.
Strategic Partnerships with Tech Companies: Growing speculation about a possible collaboration with Elon Musk to launch a “Pi Phone”.
Widespread Adoption in Asian Markets: Especially in countries like South Korea and Vietnam, where Pi has a massive user base.
Could Pi Network Be the Next Cryptocurrency Revolution?
The listing of Pi Network is not just a technical milestone; it represents the introduction of a new model aimed at making the global financial system more inclusive. Despite concerns and challenges, its success in building an active community of millions of users suggests that the future of cryptocurrencies may lie in the hands of individuals rather than large institutions.
As Pi enters the open trading phase, the biggest question remains: Can it become the "Bitcoin of the next generation," or will it remain just an ambitious experiment? Only time will tell.