The Long-Awaited Open Network Transition
The Pi Network, a revolutionary mobile-based cryptocurrency project, is set to transition into Open Mainnet on February 20, 2025, at 8:00 AM UTC. This long-anticipated move will mark the true decentralization of Pi, enabling full external connectivity, market integration, and real-world usability.
For miners (Pioneers) who have been accumulating Pi since 2019, this transition is a pivotal moment. The ecosystem is now shifting from an isolated enclosed environment to a fully operational blockchain with public access. Investors who have followed Pi’s progress will now be able to assess its market value, liquidity, and adoption potential as exchanges prepare for listing.
Pi’s Evolution: From Mobile Mining to Global Trading
The Vision and Development
Pi Network, founded by Stanford PhDs, has aimed to democratize crypto by allowing energy-efficient mobile mining. Unlike traditional Proof-of-Work (PoW) blockchains such as Bitcoin, Pi introduced a novel social trust-based consensus mechanism (Federated Byzantine Agreement – FBA). This allowed millions of users to mine Pi on smartphones without excessive energy consumption.
Key Milestones
✔ Over 45 million engaged Pioneers since inception.✔ More than 10 million users migrated to the enclosed Mainnet (before Open Network).✔ KYC verification completed by over 19 million users—a major hurdle for onboarding real users into the ecosystem.✔ 100+ Pi-based applications already developed, ready for Open Network.
The transition to Open Mainnet will be the final step toward unlocking real-world utility for Pi holders.
Pi Network Listing on OKX: Official Trading Timeline
For the first time, Pi will be openly traded on centralized exchanges, offering a pathway to real liquidity and market discovery.
✔ PI Deposits Open: February 12, 2025, at 2:45 AM UTC
✔ PI Call Auction: February 20, 2025, from 7:00 AM - 8:00 AM UTC
✔ PI/USDT Spot Trading Begins: February 20, 2025, at 8:00 AM UTC
✔ PI Withdrawals Open: February 21, 2025, at 8:00 AM UTC
What does this mean?
The Call Auction period (February 20) allows liquidity providers and market makers to establish fair pricing before live trading begins.
Trading against USDT makes Pi easily accessible for mainstream crypto investors.
Deposits and withdrawals ensure true token mobility, breaking the isolation of the enclosed network.
The Market Speculation: Can Pi Reach Its IOU Prices?
Current IOU Price (HTX & MEXC): $80 per PI
Despite Pi not being fully tradeable yet, IOU contracts on HTX and MEXC have seen speculative pricing at ~$80 per PI. These IOU markets are based on future settlement expectations and are not reflective of true liquidity.
Can PI Sustain This Price Post-Listing?
While early speculative markets suggest a high valuation, real-world factors such as supply release, liquidity, exchange adoption, and user demand will ultimately determine Pi’s market price.
Key factors influencing Pi's price post-mainnet:
Total circulating supply unlocked at launch (Currently, many users still have KYC pending).
Actual exchange adoption beyond OKX (Will Binance, Coinbase, and other major platforms follow?).
Utility development within the Pi Ecosystem (Are real-world applications using Pi for payments, DeFi, etc.?).
What Miners & Holders Need to Know
For long-term Pi miners, the Open Mainnet transition means:
Pi balances will finally be unlocked for real transactions.
KYC completion is mandatory to transfer Pi to Mainnet.
Security Circle & Referral bonuses are at risk if KYC is not completed in time.
Pi must migrate to Mainnet before trading on exchanges can occur.
Urgent Reminder: KYC and Security Circle Rules
If your Security Circle or Referral Team does not pass KYC, you lose bonus Pi associated with them.
Pi Network has imposed a 15-day KYC deadline for pending verifications—if unverified, bonus Pi is permanently lost.
Replacing non-KYC members with verified users can help secure your full balance.
What’s Next for Pi?
With Open Mainnet just days away, the coming weeks will be critical in determining Pi’s role in the broader crypto ecosystem.
Will Pi become the next widely adopted peer-to-peer digital currency?
Will early investors and holders see massive gains post-exchange listing?
Only time will tell—but for now, Pioneers should ensure their KYC is complete, prepare for Mainnet migration, and stay informed as Pi enters its most critical phase yet.
Are you ready for Pi Network's Open Mainnet?
Will you sell Pi at listing or hold long-term?
Stay tuned for real-time Pi Network updates.