OKX has announced the addition of the PI token from Pi Network to its spot market, with the mainnet launch preparation scheduled for February 2025.
Details of OKX Listing
The crypto exchange OKX announced that deposits for PI will open on February 12 at 2:45 UTC, with spot trading set to commence on February 20 at 8:00 UTC. Withdrawals will be enabled from February 21 at 8:00 UTC.
Launch of Pi Network Mainnet
The scheduled launch of the Pi Network mainnet on February 20, 2025, will mark the start of the 'Open Network' period. This phase will be crucial in building a fully functional, decentralized peer-to-peer ecosystem supported by the PI token. Known for its mobile-based mining, Pi Network allows users to mine tokens without high energy consumption and uses a referral model to expand its user base.
Community Opinions and Discussions
The listing of the PI token sparked discussion within the crypto community. Some users on the social media platform X (formerly Twitter) raised concerns about the decentralization and growth structure of Pi Network. User @Asenup4 questioned OKX's decision, suggesting that listing PI might indicate a shift toward a more centralized model for Pi Network. They also noted the similarities between the project's referral-based mining system and a pyramid scheme. The Pi Network team reiterated their commitment to security and compliance in a recent statement, emphasizing their goal to create a secure Web3 environment.
The OKX listing and the upcoming mainnet launch highlight Pi Network's steps towards building a fully decentralized ecosystem. However, the community remains divided in their opinions about the project's future.
