The Pi Open Network Launch Unveiled
On February 20, 2025, the Pi Network transitioned to its Open Network phase, a milestone that shifted it from an enclosed ecosystem to a fully decentralized blockchain. This launch, announced by the Pi Core Team, enables external wallet transfers, decentralized app (DApp) development, and trading potential. Over 10 million users completed KYC verification, with millions migrating their Pi coins, signaling robust community support. Yet, as of February 21, 2025, Pi remains absent from major exchange platforms like Binance, Coinbase, and Kraken, leaving many wondering about its exchange value and why its launch price remains elusive.
Why Pi Isn’t Listed on Major Exchanges
Pi’s absence from top-tier exchanges stems from several factors. First, major platforms enforce strict listing criteria, including full mainnet functionality, regulatory compliance, and proven liquidity. While the Open Network launch meets the mainnet requirement, Pi’s team has not yet authorized widespread exchange listings. Posts on X suggest exchanges like OKX, Bitget, and MEXC have begun supporting Pi, with OKX reporting over 1 million Pi tokens deposited. However, giants like Binance are still in limbo, with speculation on X indicating Binance awaits KYB (Know Your Business) clearance or further network stability. The Pi team’s cautious approach—prioritizing ecosystem readiness over rushed trading—also delays listings, as they aim to avoid volatility seen in projects like Hamster Kombat, which crashed post-launch.
Regulatory hurdles add another layer. Pi’s massive user base, exceeding 60 million, includes many novices, raising concerns about compliance and investor protection. Exchanges hesitate without clear legal frameworks, especially in regions like China, where Pi trading faces restrictions. This deliberate pace ensures security but frustrates users eager to trade.
The Mystery of Pi’s Exchange and Launch Value
Why is Pi’s exchange value or launch price unknown? Before the Open Network, Pi operated in a closed system, limiting real-world trading. Pre-launch IOU (I Owe You) prices on platforms like HTX ranged from $61–$70, but these speculative figures don’t reflect official value. Post-launch, early trading on OKX and Gate.io shows Pi at $1.47 as of February 20, down 15% amid sell-offs, per CCN reports. With a circulating supply of 9.7 billion and a max of 100 billion tokens, analysts predict potential dilution, clouding price forecasts. Market demand, adoption, and exchange support will ultimately dictate its value, but without widespread listings, it’s too early to pin down a stable launch price. Estimates vary wildly—from $0.01 to $500—reflecting hype versus uncertainty.
Conclusion: Patience for Pi’s Potential
The Pi Open Network launch marks a bold step, but its absence from major exchanges and unknown value highlight a strategic rollout. For readers, this means waiting for regulatory clarity and broader listings to reveal Pi’s true worth. Stay tuned—Pi’s journey is just beginning.
