The global cryptocurrency exchange OKX has officially announced the spot listing of Pi Network (PI), marking a significant milestone for one of the most anticipated community-driven blockchain projects. Starting February 2025, users can trade PI/USDT directly on OKX’s spot market, following a structured rollout designed to ensure market stability, transparency, and fair access for all participants.
This listing opens new opportunities for early adopters and investors to engage with PI tokens in a regulated, secure environment—offering liquidity and real-world trading potential after years of community development.
👉 Discover how to prepare for the PI token launch and maximize your trading strategy today.
What Is Pi Network?
Pi Network is a mobile-first cryptocurrency platform that aims to democratize access to blockchain technology by allowing everyday users to mine digital assets directly from their smartphones. Since its inception, it has built one of the largest crypto communities globally, with millions of engaged users contributing to its decentralized vision.
Unlike traditional proof-of-work blockchains that require high energy consumption, Pi uses a lightweight consensus mechanism that enables mining without draining device resources—making it accessible even to non-technical users.
Key Features of Pi Network
- Mobile-Based Mining:
Users can mine PI tokens daily with just a tap via the Pi mobile app, promoting inclusivity and long-term engagement. - Growing Blockchain Ecosystem:
Pi Network supports decentralized applications (dApps) and services built on its own blockchain, encouraging developers to innovate within the ecosystem. Tokenomics Overview:
- Asset Name: Pi Network
- Ticker Symbol: PI
- Circulating Supply: 6.041 billion PI
- Total Supply: 9.294 billion PI
- Maximum Supply Cap: 100 billion PI
This scalable supply model is designed to support widespread adoption while maintaining economic balance as the network transitions into full decentralization.
PI Token Listing Timeline on OKX
OKX has implemented a phased rollout for the PI token listing to ensure an orderly market launch. Below is the complete schedule based on UTC time:
📥 Deposit Opening
February 12, 2025 – 02:45 AM UTC
Users can begin depositing PI tokens into their OKX accounts in preparation for trading.
🔔 Call Auction Phase
February 20, 2025 – 07:00 AM to 08:00 AM UTC
During this one-hour window, traders can submit buy and sell orders at desired prices. The system will calculate an equilibrium price based on aggregated demand and supply, helping prevent extreme volatility at launch.
💱 Spot Trading Goes Live
February 20, 2025 – 08:00 AM UTC
The PI/USDT trading pair officially goes live on the OKX spot market. This marks the start of continuous trading with real-time order matching.
📤 Withdrawal Activation
February 21, 2025 – 08:00 AM UTC
After ensuring system stability and security checks, OKX enables full withdrawal functionality for PI tokens.
👉 Learn how to participate in the call auction and get early access to PI trading.
Initial Spot Trading Rules for Market Stability
To protect traders during the volatile opening phase, OKX has introduced temporary restrictions for the first 5 minutes of spot trading:
- No Market Orders Allowed:
Only limit orders are permitted to prevent slippage and flash crashes. - Order Size Limit:
Each individual order must not exceed $10,000 worth of PI. - Net Position Cap:
A user’s net position in PI cannot surpass $10,000 during this initial period.
These safeguards help maintain fair pricing and reduce manipulation risks. All restrictions will be automatically lifted after the first five minutes of trading.
Understanding the Call Auction Mechanism
The call auction is a proven method used by major exchanges to establish a fair opening price by collecting buy and sell orders over a set period before matching them at a single equilibrium price.
For the PI/USDT pair, the call auction lasts one hour, from 07:00 to 08:00 AM UTC on February 20, 2025, and includes the following key rules:
🔒 Order Limits During Call Auction
- Each user’s total buy orders must not exceed $50,000 in value.
- This prevents large players from dominating price discovery and ensures broader participation.
⏳ Final 5 Minutes: No Cancellations
- In the last five minutes of the auction (07:55–08:00 AM UTC), users can still place new orders but cannot cancel or modify existing ones.
- This rule enhances price integrity by locking in commitments before trading begins.
📊 Reference Opening Price
After the auction concludes, OKX will display a reference opening price provided by the Pi Network team. While this appears on charts for orientation, it does not influence actual trade execution. The final matched price from the call auction determines real transaction outcomes.
Frequently Asked Questions (FAQ)
Q: Can I deposit PI before February 12, 2025?
A: No. Deposits are only accepted starting at 02:45 AM UTC on February 12, 2025. Any transfers sent earlier may be lost or delayed.
Q: Why is there a call auction instead of immediate trading?
A: The call auction ensures a fair and stable launch by aggregating orders and determining a balanced opening price, reducing the risk of extreme price swings.
Q: Are there fees for depositing or withdrawing PI?
A: OKX does not charge deposit fees. Withdrawal fees will be applied based on network conditions and will be visible during the withdrawal process.
Q: Will leverage or futures trading be available at launch?
A: Initially, only spot trading is supported. Derivatives like futures or margin trading may be introduced later based on market demand and stability.
Q: How is the circulating supply of PI determined?
A: Circulating supply includes tokens that have been migrated to the mainnet and are actively available for trading. Not all mined PI is yet in circulation due to migration timelines and KYC verification processes.
Q: Is Pi Network fully decentralized now?
A: Pi Network is in the process of decentralization. While its mainnet is live, governance is gradually being transitioned to the community through node operation and consensus participation.
Final Thoughts
The listing of Pi Network (PI) on OKX represents a pivotal moment in its journey from concept to mainstream adoption. With a massive user base already engaged through mobile mining, this spot listing introduces real utility and liquidity to the token economy.
Backed by clear timelines, transparent rules, and protective trading mechanisms like the call auction, OKX ensures a responsible launch that prioritizes fairness and security for all users.
Whether you're a long-time Pi miner or a new investor exploring emerging crypto ecosystems, now is the time to understand how PI fits into the evolving digital asset landscape.
👉 Start your journey with PI today—access real-time data, secure trading, and expert insights on OKX.