The highly anticipated PI (Pi Network) token has officially launched on the OKX spot market, marking a significant milestone for one of the most widely adopted mobile-based blockchain ecosystems. This listing opens new trading opportunities for users worldwide and enhances the accessibility of Pi Network’s digital asset in the global crypto market.
Listing Timeline and Key Dates
The rollout of PI/USDT spot trading on OKX follows a structured timeline designed to ensure market stability and fair participation:
- Pre-deposit enabled: PI deposits available starting at 03:45 CET on February 12, 2025.
- Call auction phase: Takes place from 08:00 to 09:00 CET on February 20, 2025.
- Spot trading begins: PI/USDT trading goes live at 09:00 CET on February 20, 2025.
- Withdrawals enabled: PI withdrawals available starting at 11:00 CET on February 21, 2025.
Note: The Pi wallet was temporarily under maintenance to enhance security. Service resumed as scheduled, allowing users to withdraw funds after the update.
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Spot Trading Launch Rules
To protect traders during the initial phase of high volatility, OKX has implemented temporary order restrictions for the first five minutes of trading:
- No market orders allowed — only limit orders can be placed.
- Maximum value per limit order: $10,000 USD equivalent.
- Maximum net position per user: $10,000 USD equivalent.
These safeguards are automatically lifted after the first five minutes of continuous trading, allowing full market functionality.
Price Band Limits
OKX applies dynamic price bands to prevent extreme price swings, especially during the early trading phase. When a spot index is available for PI/USDT, the following rules apply:
Within the first 10 minutes after listing:
- Upper price limit: Index × (1 + X)
- Lower price limit: Index × (1 - X)
After 10 minutes post-listing:
- The price band adjusts using real-time data, factoring in the average premium from the last two minutes and parameters Y and Z, which are dynamically tuned based on market conditions.
These mechanisms help maintain orderly trading and reduce the risk of manipulation or flash crashes.
Understanding the Call Auction Mechanism
OKX uses a call auction model for the official launch of PI/USDT spot trading. This one-hour process allows users to submit buy and sell orders at their preferred prices before continuous trading begins. The system then calculates an indicative opening price based on aggregated order flow.
Key rules for the call auction:
- Each user’s total buy order value is capped at $50,000 USD.
During the final 5 minutes of the auction:
- Users can still place new orders.
- No modifications or cancellations are permitted.
This "lock-in" period ensures order integrity and helps determine a fair and stable opening price reflective of true market demand.
After the auction concludes, OKX will display the project team’s stated opening price as the initial reference on the trading chart. While this price is provided by Pi Network’s team—often based on project valuation—it is for informational purposes only and does not influence actual trade execution prices determined by the auction.
About Pi Network
Pi Network is a decentralized ecosystem combining social cryptocurrency mining, developer tools, and real-world utility. Designed for mass adoption, it enables users to mine Pi tokens directly from their mobile devices without draining battery or data.
With over 60 million engaged users, more than 19 million verified identities via its proprietary KYC solution, and over 10 million accounts migrated to mainnet, Pi Network stands out as one of the largest blockchain communities globally.
Key Asset Details
- Asset Name: Pi Network
- Ticker Symbol: PI
- Circulating Supply: 6.041 billion PI
- Total Supply: 9.294 billion PI
- Maximum Supply: 100 billion PI
The network supports third-party applications built on its blockchain infrastructure, fostering innovation in decentralized finance (DeFi), NFTs, and digital identity.
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How to Prepare: Deposit USDT Before Trading Begins
To participate in PI/USDT spot trading, ensure your account is funded with USDT ahead of time. Depositing early avoids last-minute delays due to network congestion or processing times.
Steps to deposit USDT:
- Log in to your OKX account.
- Navigate to "Assets" > "Deposit".
- Select USDT and choose your preferred network.
- Transfer funds from your wallet or another exchange.
Having USDT ready allows you to act quickly during the call auction and early trading phases when price movements may be most dynamic.
Risks and Important Disclosures
The information provided here is for general informational purposes only and does not constitute financial, investment, or legal advice. Some data may originate from third parties and is subject to change without notice.
Digital assets like PI are highly speculative and experience significant price volatility. Liquidity may fluctuate, and investors could lose part or all of their investment. Always conduct independent research and assess your risk tolerance before engaging in crypto trading.
OKX does not guarantee the accuracy or completeness of any information related to Pi Network or its market performance. Trading decisions should not be based solely on this content.
This information is not intended for individuals residing in jurisdictions where such services are prohibited by law.
Frequently Asked Questions (FAQ)
Q: When can I start trading PI on OKX?
A: PI/USDT spot trading goes live at 09:00 CET on February 20, 2025. You can begin depositing PI from February 12, and withdrawals will be supported starting February 21.
Q: What is a call auction, and why is it used?
A: A call auction collects buy and sell orders before trading starts to determine a fair opening price. It promotes market stability and prevents sudden price spikes caused by imbalanced demand.
Q: Are there trading limits during the first few minutes?
A: Yes. For the first five minutes, only limit orders under $10,000 are allowed, and no market orders are permitted. These restrictions expire automatically after the initial period.
Q: Can I withdraw PI immediately after trading starts?
A: No. Withdrawals are enabled later—for PI, starting at 11:00 CET on February 21, 2025—after system checks and wallet updates are completed.
Q: Is the project team’s opening price the same as the market price?
A: No. The project team’s stated opening price is informational only. Actual trade execution prices are determined by the call auction process based on real user orders.
Q: Why can’t I cancel my order during the last 5 minutes of the call auction?
A: This rule ensures fairness and prevents manipulation. Once the lock-in period begins, all orders remain binding to maintain transparency in price discovery.
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