After waiting for more than six years, the long-awaited Pi Network is finally set to launch its mainnet! According to the official blog post yesterday, Pi Network will officially open its mainnet on February 20, 2025, at 8:00 AM UTC (4:00 PM Taiwan time).
The article states:
Thanks to the hard work and commitment of the entire Pi community over the past six years, the Pi community is taking the next step in realizing the Pi vision, which is to build the world's most inclusive peer-to-peer ecosystem and online experience, powered by Pi Network's native token, Pi.
Due to the upgrades announced in the previous timeline update, we have achieved 10.14 million mainnet migrations, exceeding the original 10 million target, and Pi is now ready to open its utility-driven ecosystem, with over 19 million authenticated Pioneers who can use Pi - a cryptocurrency with real-world functionality and application support.
On the launch day, stay tuned for more information about the open network! Now, let's review Pi's journey, the expectations for the open network launch, updates on the open network status, and how you can prepare during this time!
OKX Announces Listing of Pi Coin
Just a little earlier at 10:45, the OKX exchange also announced that it will list Pi on the same day. For more information, please check the official announcement.
- PI deposit opening time: February 12, 2025, 10:45 AM (UTC+8)
- PI call auction time period: February 20, 2025, 3:00 PM to 4:00 PM (UTC+8)
- PI/USDT spot trading opening time: February 20, 2025, 4:00 PM (UTC+8)
- PI withdrawal opening time: February 21, 2025, 4:00 PM (UTC+8)
Since Pi coin has been controversial for a long time, the official announcement has also led netizens to exclaim: "My relatives are going to buy A8 now, and I've become a real clown for buying Bitcoin...".
Huobi Pi Coin Price Surges to 100 USD
Although the Huobi exchange (HTX) announced the listing of Pi coin at the end of 2022, since Huobi did not open the deposit and withdrawal of Pi coin at that time, no one could transfer their Pi coins to the exchange to sell them. Users' current tokens are strictly speaking not spot, but more like a kind of Pi coin "futures" without a delivery date.
Now, after more than two years, the mainnet phase is finally about to begin. The Pi coin (IOU) on Huobi has also surged to $100 earlier, and as of the time of writing, it is reported at $80, up more than 70% in the last 24 hours.
What is Pi Network and Pi Coin?
Pi Network was launched in 2019, claiming to be a "mobile mining" project, where users can continuously mine Pi coins just by downloading the official APP and interacting daily. However, since the project has only launched a "closed mainnet" for many years, users can only conduct P2P transactions among those who have passed KYC, and cannot cash out through exchanges, which has also led to much controversy in the community.
Now that the official has announced the launch of the mainnet, the true value of the project will be revealed soon, and ABMedia will continue to track it for you.
