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Pi Network Whales: Unveiling the Mystery of the ODM Wallet and OKX’s Involvement

Pi Network, a cryptocurrency mined via smartphones, boasts over 60 million users globally. However, its future and the timeline for its open mainnet launch remain speculative.

Recently, the community buzzes with discussions surrounding “whales,” large-scale holders moving significant amounts of Pi, particularly involving a mysterious “ODM wallet” and the leading cryptocurrency exchange, OKX. What do these movements signify?

This article objectively analyzes these reported wallet activities and explores their potential impact on Pi Network’s future. We aim to provide accurate insights, preventing misinformation and preparing you for future developments.

Pi Network’s Whales: The Shocking ODM Wallet

Recent large-scale Pi movements, especially those involving the enigmatic ODM wallet, have caused significant ripples within the Pi Network community. Reports indicate this wallet holds a staggering 311 million Pi tokens, fueling much speculation.

Large-Scale Wallet Movements and Community Unease

In typical cryptocurrency markets, investors wielding significant coin holdings and influencing market trends are termed “whales.” Pi Network currently operates on a closed mainnet, prohibiting free trading on public exchanges. This context makes the reported large-scale wallet activity a source of both excitement and anxiety within the community.

The ODM Wallet: Its Holdings and Mysteries

The precise origins of the ODM wallet’s substantial Pi holdings remain unclear. Pi Network’s closed mainnet makes it difficult to verify detailed wallet activity via external blockchain explorers. However, some within the community suggest this activity reflects internal Pi Network movements or preparations for the open mainnet launch.

The ODM wallet’s existence, coupled with Pi Network’s massive user base, significantly influences potential future market liquidity and price formation.

OKX’s Involvement: A Testament to Pi Network’s Future?

Adding fuel to the fire is the involvement of OKX, a leading cryptocurrency exchange. Some reports suggest OKX transferred 3.5 million Pi to the ODM wallet, and further reports indicate that OKX announced Pi Network’s “listing” in February 2024. However, we must carefully consider the implications of this “listing.”

The Truth Behind OKX’s Pi Network “Listing”: Official Listing vs. IOU

As of March 2024, Pi Network remains on a closed mainnet; Pi is not officially listed on external exchanges. Therefore, OKX’s announced “listing” likely doesn’t represent actual Pi trading. Such announcements often indicate the exchange initiating IOU (I Owe You) trading based on anticipation of a future open mainnet listing. IOU trading involves users betting on Pi’s future value, akin to trading IOUs. The Pi Core Team doesn’t endorse such unofficial trading.

However, OKX’s attention to Pi Network – a top-tier exchange – suggests they value its potential. Given OKX’s strict regulatory compliance and security standards, their interest hints at Pi Network’s potential recognition as a legitimate blockchain network.

Interpreting Whale Movements: Strategic Preparations for Pi Network’s Open Mainnet

The seemingly mysterious large-scale Pi wallet movements can be viewed not just as speculative actions but as strategic preparations for the open mainnet launch – like a massive move.

Understanding Large-Scale Wallet Re-allocation: The “Move” Analogy

When moving to a larger house, do you suddenly rent a moving truck? No, you plan weeks in advance, pack, coordinate with movers, and prepare for life in the new house.

Pi Network’s situation is similar. The open mainnet transition is a “massive move,” transforming Pi Network from a community project into a global financial ecosystem. The activities of the ODM wallet and exchanges like OKX can be interpreted as “packing” and “establishing a foundation” in this “new location.”

Whales’ Insight into Pi Network’s Potential

Whales often possess deeper insights into market trends and project potential than the average investor. Their accumulation of Pi and exchanges’ related activities may signal an internally understood proximity to the global launch.

These strategic preparations aim to provide sufficient liquidity during the open mainnet transition, ensuring smooth trading.

Pi Network Whale Strategies: Positive Aspects and Potential Risks

Whale activity in Pi Network presents both positive and negative aspects. Let’s objectively assess these:

Positive Aspects:
* Increased Institutional Interest and Market Credibility: Large-scale asset movements and exchange interest suggest Pi Network is a potentially valuable digital asset attracting institutional attention. This boosts Pi Network’s long-term credibility.
* Preparation for a Professional Market Launch: Concentrated liquidity from large holders could facilitate a healthy market upon the open mainnet launch, potentially mitigating extreme price volatility and fostering a stable trading environment.
* Regulatory Compliance Progress: Exchanges like OKX must adhere to strict regulatory compliance and security standards to operate. Their involvement strongly indicates Pi Network’s behind-the-scenes efforts to meet AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements.

Potential Risks:
* Market Manipulation from Wealth Concentration: The concentration of over 300 million Pi in a single wallet risks price dumping if the holder deliberately sells large amounts, harming other Pi holders.
* Increased Initial Price Volatility: The open mainnet launch’s initial stages will likely see high volatility due to large-scale trading, potentially causing sharp price increases or decreases.

Your Pi: Strategies and Risk Management for Pi Holders

Amidst these significant developments, how should individual Pi holders protect assets and maximize opportunities? Let’s learn from whale strategies and act wisely.

Three Steps to Learn from Whale Strategies:

Whales don’t just hold Pi; they act strategically. Their approach, albeit on a different scale, is applicable to us:

* Accumulation: Whales quietly accumulate large amounts of Pi before widespread value recognition – similar to your current Pi mining. Continuously accumulating Pi, anticipating future value, is crucial.
* Positioning: Whales secure their positions, for example, by setting up accounts on major exchanges, anticipating the open mainnet launch. We should monitor Pi Network’s official announcements and gather information about potential exchanges.
* Strategic Selling: Whales are unlikely to sell all their Pi at once, causing market disruption. They’ll likely sell strategically, maximizing profits while maintaining market stability. We should formulate a clear exit strategy (partially selling, long-term holding, selling at a specific price, etc.).

Pi Network’s Strengths and Future Outlook

Pi Network’s appeal to whales stems from its unique strengths:

* The Power of a 60+ Million User Base: Few cryptocurrency projects boast such a massive user base. This community strength drives Pi Network’s potential to become a global financial ecosystem.
* Ecosystem Development and Practicality: Pi Network focuses on building a practical ecosystem, including developing decentralized applications (DApps) and retail payment options, beyond just Pi’s value.
* Mobile-First Approach and Inclusive Finance Vision: Pi Network’s smartphone mining makes financial services accessible to the unbanked, aiming for an inclusive financial system.

Risk Management is Key:

Cryptocurrency investment is inherently risky. Remember:

* Invest with Spare Funds: Only invest what you can afford to lose.
* Diversify: Spread investments across multiple cryptocurrencies and assets to reduce risk.
* Self-Education and Information Gathering: Stay informed about market trends and Pi Network’s official announcements.

Pi Network Future Scenarios: Pathways to Success and Challenges

Based on the information and whale activities, several possible Pi Network scenarios emerge:

Scenario 1: Positive Growth
Whales provide market liquidity and stability, promoting healthy price formation. Pi Network achieves a successful global launch with strong institutional support, and Pi’s value increases steadily. Users benefit from network growth and success, leading to widespread adoption.

Scenario 2: High Volatility
The open mainnet launch’s initial stages see significant price fluctuations due to whale activity and speculation. Some users profit handsomely, while others suffer losses due to market manipulation and uncertainty. The network eventually stabilizes, but achieving its full potential requires time and effort.

Scenario 3: Facing Challenges
Wealth concentration leads to market dominance issues, undermining Pi Network’s inclusive finance vision. New regulatory challenges or technical/operational problems hinder growth.

While the outcome remains uncertain, Pi Network’s large community, regulatory compliance efforts, and focus on practicality suggest a positive scenario. Community vigilance regarding wallet movements, demanding transparency and accountability, is crucial.

Conclusion: Pi Network at a Crossroads – Prepare for the Future

The large-scale ODM wallet activity and OKX’s involvement are significant, indicating Pi Network’s transition from a community project to a global financial ecosystem. Whale strategies reveal both market expectation and concern. Understanding these strategies and developing your own Pi holding strategy is key to navigating the future market. Prepare for price volatility, but focus on Pi Network’s long-term vision and ecosystem development.

Pi Network’s true value lies in its technology and its global community of pioneers. By staying informed and making rational decisions, you can successfully navigate the open mainnet era.

Pi Network’s further development is closely watched globally. We strongly recommend keeping abreast of official announcements and Pi Core Team updates.

1 Based on user numbers announced by the Pi Core Team. Verification of the definition and accuracy of active users is difficult.

2 Information discussed in some communities and reports, but not confirmed by official Pi Network announcements or blockchain explorers.

3 Same as above.

4 OKX’s reported “listing” of Pi Network does not represent an official mainnet listing; rather, it’s speculated that some exchanges initiated unofficial trading (IOUs) based on expectations surrounding Pi’s future. Pi Network remains on a closed mainnet (as of March 2024), with no official trading on external exchanges.

Mystery of 100 Million Pi Coin Mega-Move from OKX! Experts Explain Price Impact and Future Potential

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Introduction: A Shockwave Hits the Pi Network Community! Over 100 Million Picoin Suddenly Moved

In recent years, the cryptocurrency project “Pi Network” has attracted significant attention with its unique mining system using smartphones. Now, a major shockwave is hitting its community. It is reported that over 100 million Picoin were withdrawn from the major cryptocurrency exchange OKX in a very short period.

Upon hearing this news, many of you are likely wondering, “What happened?” and expressing anticipation. In this article, aimed at those interested in new technologies and trends, we will delve into the background and significance of this “100 Million Picoin Great Migration,” as well as the current state and future of the Pi Network, in an easy-to-understand yet in-depth manner. If you’re not comfortable with technical jargon, don’t worry. We will explain everything step by step, so please stay with us until the end.

This article is close to the content of the following addendum (adding speculation).

https://pinetwork.masters-all.com/pi-network-genjo-uwasa-shinsou-shoraisei-chuiten/

What Happened? Shocking Details of the “100 Million Picoin Great Migration”

First, let’s organize the information currently available about this “100 Million Picoin Great Migration.” When, where, and how much Picoin was moved? And why is this movement having such an impact on the community and market, to the extent that it cannot be dismissed as just “routine transactions”?

Disappeared from OKX? The Whereabouts of 102.77 Million Picoin

According to reports and community feedback, around mid-May 2025, a massive total of 102,776,657.17 Picoin was moved from OKX’s wallet to external wallets in a short period of just 72 hours. Some of these included huge transactions exceeding 70 million Picoin at once, indicating that this was not a movement at the level of individual investors.

Think about it. The withdrawal of over 100 million coins from a single exchange in a short period is not something that happens frequently in the world of cryptocurrencies. That’s why so many people are paying attention, wondering, “Is something happening?”

Why is the Market in an Uproar? Reasons Why This Isn’t Just a Simple Transfer

You might think, “But isn’t it normal for cryptocurrencies to move between wallets?” That’s true. However, there are several reasons why this case is considered “not normal.”

Scale: As mentioned earlier, the amount of 100 million Picoin is extremely large, and its psychological impact on the market cannot be ignored.
Timing: This large-scale movement at a time when the Pi Network is activating its mainnet (the actual network where Picoin can be traded) and moving towards practical use is fueling various speculations.
Uncertainty of Information Sources: While some social media accounts claiming to be knowledgeable about cryptocurrencies (such as an account named “Mr. Spock”) have disseminated this information, the lack of official announcements or explanations from the Pi Core Team, the main operator of the Pi Network, is also a factor accelerating speculation.

These factors intertwine, causing this large-scale movement to stir up the community with the question of whether it has “some special meaning.”

How Did the Picoin Price React? Real Market Movements

With such a large amount of Picoin moving, the impact on the price is naturally a concern. Picoin is still only traded on a limited number of exchanges, and its price remains unstable, but how did it move in response to this event?

Did the Price Drop? The Latest Picoin Rate of Concern

According to reports, after this large-scale movement became apparent, the price of Picoin temporarily dropped to about 81 cents (in USD). This is nearly half of the recent high of $1.60. Of course, cryptocurrency prices constantly fluctuate due to various factors, and it cannot be definitively concluded that this entire drop was due to the large-scale movement. However, the possibility that it contributed to a deterioration in market sentiment cannot be denied.

You might be wondering, “Where can I usually see the price of Picoin?” You may find information by searching for “Pi Coin” or its ticker symbol (if any) on major price tracking sites like CoinMarketCap or CoinGecko. However, since the Pi Network is not yet officially listed on many exchanges, it’s important to note that the displayed price may not accurately reflect actual trading.

Speculation Abounds! What Are the 3 Scenarios Behind the Large-Scale Movement?

What intentions or purposes could be behind the movement of 100 million Picoin? As there are few official announcements from the Pi Core Team at this time, various speculations are circulating within the community. “Could this be preparation for an amazing project?” “No, maybe someone is trying to sell secretly…” The imagination runs wild. Here, let’s explore the possibilities by unraveling three particularly noteworthy scenarios.

Scenario 1: A Stepping Stone Towards the Upcoming “Utility Phase”?

One of the most positive scenarios is that this is preparation for the full-scale practical use of the Pi Network. For example,

Preparation for supplying Picoin to new partner companies or services
Ensuring liquidity within the ecosystem that the Pi Network is developing
Fund transfers for deeper integration into Web3 (the next generation of decentralized internet)

are possibilities. For Pioneers (Pi Network participants) who have been mining Picoin for many years, this would be a truly awaited development. This scenario gives rise to the hope, “Maybe the day when our Picoin can actually be used is near!”

Scenario 2: Strategic Movement by Large Holders, “Whales”?

In the world of cryptocurrencies, individuals or organizations holding large amounts of coins are called “whales.” It is also pointed out that this large-scale movement could be a strategic fund transfer by such whales. The purposes could include:

Storing funds in more secure wallets
Preparation for P2P (peer-to-peer) transactions without going through exchanges
Or, movements aimed at taking some profits while observing market trends

Whale movements can have a significant impact on the market, so their intentions are always closely watched. If this movement were to lead to future selling pressure, it could be a negative factor for the price.

Scenario 3: Is There a Connection to Past Mysterious Transfers? (Movements in May 2025)

In fact, this is not the first time such a large-scale movement of Picoin has occurred. According to background information, in early May 2025, there was an event where 7 million Picoin were moved through over 19,500 accounts in just one day. This movement continued overnight, and it was rumored to be either by an automated program or some kind of strategic preparation.

The possibility that this 100 million Picoin movement is related to that past movement cannot be denied. “Could this mean that the preparations from that time are finally starting to move in earnest?” Thinking this way, there might be a larger plan hidden behind this event.

“Why No Explanation?” Pi Core Team’s Transparency and Communication Questioned

Not limited to this incident, there have been many voices regarding the operation of the Pi Network project, saying, “We want more information disclosed” and “It’s hard to see what the management is thinking.” Especially given such a large movement of Picoin, the current situation with little clear explanation from the Pi Core Team is causing anxiety and distrust among some users. It’s understandable to think, “How is our Picoin being managed?” In this section, we will consider why “transparency” is so highly valued and what the Pi Network needs to do to gain true trust.

The Community Craves “Official Announcements”

The Pi Network has enthusiastic Pioneers all over the world. They have been mining Picoin and participating in community activities for many years, believing in the project’s success. Therefore, they are demanding prompt and detailed explanations from the Pi Core Team regarding important information about the project, especially matters like this large-scale movement of Picoin or the transfer of funds from Pi’s liquidity reserve wallet (which has also been reported in some instances).

“Who moved the Picoin, for what purpose, and how?” “How does it affect the overall project plan?” Even a brief official announcement addressing these questions would greatly alleviate the community’s anxiety. The suspicion that “something is being hidden…” gradually erodes trust.

“Transparency” as the Foundation of Trust: Learning from Past Examples

In the world of cryptocurrencies, it is no exaggeration to say that a project’s transparency determines its success or failure. In the past, there have been numerous examples of projects that lost trust and eventually declined due to insufficient information disclosure or neglecting communication with the community.

Conversely, projects that sincerely disclose information and continue dialogue with the community, even when facing difficult situations, tend to be supported in the long term. This is because transparency is the foundation of trust. Users can confidently continue to support a project because they believe it is being operated fairly.

How Should the Pi Network Respond to the “Voices of the Pioneers”?

For the Pi Network to stand alongside other major cryptocurrency projects like Ethereum and Solana, strengthening not only technological development but also governance and communication systems is essential. It is now required to have the mindset of “We are not in beta, we are in production,” sincerely listen to the voices of the Pioneers, and provide regular updates and clear information disclosure.

Pioneers are not just users; they are “companions” who have believed in and supported the project. The Pi Core Team’s sincere response to their question, “What’s happening with our coins?” will be the key to illuminating the future of the Pi Network.

The “Now” and “Future” of the Pi Network: What Should We Pay Attention To?

Amidst various information and speculations, what development phase is the Pi Network currently in, and where is it heading? Let’s calmly grasp the “now” of the Pi Network, including the mainnet operation status and the progress of KYC (Know Your Customer), which many Pioneers are eagerly awaiting, and organize the points we should pay attention to in the future. We will clearly answer the question, “What’s the status of the Pi Network now?”

Mainnet is Live! But What About KYC Delays? – Organizing the Current State of Pi Network

First, let’s organize the current state of the Pi Network as follows:

Mainnet is Live: The “production environment” where Picoin actually functions on the blockchain is already running. This is a significant step forward.
KYC (Know Your Customer) is Underway: The KYC process, essential for preventing fraudulent use and building a healthy ecosystem, is progressing. However, there are reports of delays, with some saying, “It’s taking a long time for my turn” or “It’s taking time for approval after applying.”
Mining Has Stopped: The issuance of new Picoin (mining) has basically stopped, and the project is now entering a phase of increasing the value of existing Picoin.
Tokens are Active On-Chain: There are starting to be reports of instances where Picoin is actually sent and received between wallets or used in some marketplaces.

Thus, the Pi Network is in a situation where parts of the project are steadily progressing, while other parts still face challenges.

Not Just a Pipe Dream! “Utility” is the Lifeline of Picoin

No matter how innovative the technology or idea, if it cannot be actually “used,” it will not create value. What the Pi Network aims for is not just a cryptocurrency as a speculative asset, but a currency with “utility” that can be actually used in daily life and business scenarios.

Recently, there have been movements where Pioneers are voluntarily buying and selling goods using Picoin, or using it as tips for creators. The accumulation of such grassroots “use cases” is extremely important for proving the value of Picoin and leading the project to success. It is necessary to respond to the question, “Can it really be used?” with concrete examples.

Don’t Miss Important Future Announcements! Tips and Cautions for Information Gathering

The situation of the Pi Network changes daily, and to avoid missing important information, you need to keep your antenna high. The main means of gathering information include:

Pi Network’s official website and official social media accounts: These are the most reliable sources of information. Check them regularly.
Reliable cryptocurrency news sites: Refer to news reports and analysis articles about the Pi Network.
Pi Network community (forums, social media groups, etc.): You can exchange opinions and information with other Pioneers, but be careful about the authenticity of the information.

In particular, make sure to prioritize checking official announcements from the Pi Core Team. Also, when gathering information, it is important not to blindly trust a single source, but to compare and examine multiple sources, and to be cautious about overly optimistic or inflammatory information. Get into the habit of pausing and thinking, “Is this information true?”

Conclusion: What the 100 Million Picoin Great Migration Indicates About the Future of Pi Network – Expectations, Challenges, and What We Can Do

This “100 Million Picoin Great Migration” has the potential to be a major turning point, for better or worse, for the ambitious Pi Network project. Based on the various information discussed in this article, let’s finally consider together how we should view the future of the Pi Network at this point, what we should expect, and what points we should be careful about. The hint to the answer to the question, “What’s the deal with Pi Network now?” might be here.

Current Assessment: Is Pi Network a “Buy” or a “Wait”?

Regarding the future potential of the Pi Network, the honest assessment at this point is that there are great expectations, but also many uncertainties and challenges remain.

Points to be optimistic about include:

The existence of a huge global community of Pioneers
The mainnet is live, and movements towards practical use are becoming concrete
Signs of increasing on-chain activity (transaction activity on the blockchain)

On the other hand, challenges and concerns include:

Lack of information disclosure and transparency from the Pi Core Team
Delays in the KYC process and user dissatisfaction with it
The Picoin price is still unstable, and its practical value has not been established
Differentiation from competing cryptocurrency projects

It is important to be wary of sweet talk like “You’ll make big profits immediately!”

Regarding the question, “Is Pi Network a buy or a wait?”, we recommend making a careful decision after thoroughly considering your investment objectives and risk tolerance. At this point, it may be too early to determine the success or failure of the project.

The Importance of Continuing to Learn as a Pioneer, Without Being Swayed by Short-Term Fluctuations

Instead of being swayed by short-term information like the Pi Network price going up or down, it is important to focus on the fundamental aspects of what value the project is trying to create in the long term and what challenges it is trying to overcome to achieve that.

To do this, we Pioneers ourselves are required to have attitudes such as:

Continuing to learn about the technology and philosophy of the Pi Network
Carefully following official information and not being misled by rumors or uncertain information
Sharing constructive opinions and suggestions within the community

By “actively learning, thinking, and participating” rather than just “waiting,” we can help make the future of the Pi Network better.

What Do You Think? Let’s Think About the Future of Pi Network Together!

This 100 Million Picoin Great Migration has given us many questions and opportunities to think. How did you perceive this event? What expectations do you have for the future of the Pi Network? Or what concerns do you feel?

We hope this article helps you think more deeply about the Pi Network and form your own opinions. Please share your thoughts in the comments section, etc. Let’s watch over the future of the Pi Network together through constructive discussion.

Disclaimer: This article is for informational purposes only and does not recommend the purchase or investment in specific financial products. Investing in cryptocurrencies involves high risks. Investment decisions should be made at your own discretion after sufficient information gathering and consideration.

MiCA License Acquisition and Pi Network: Why OKX is Transforming the Crypto Market

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As a significant development in the cryptocurrency market, OKX obtained the MiCA (Markets in Crypto-Assets) license on January 27, 2025. This license allows OKX to operate safely and in compliance with regulations in 30 countries within the European Economic Area (EEA), enabling it to provide services under a unified regulatory framework.

What is the MiCA License?

MiCA is a comprehensive regulation for the cryptocurrency market established by the EU. This regulation aims to clarify rules regarding the issuance, trading, and custody of crypto assets, enhancing market transparency and reliability. It also introduces a mechanism utilizing “passporting rights,” allowing companies licensed in one EU member state to operate in other countries without additional approval.

Importance of KYB (Know Your Business)

KYB stands for “Know Your Business” and is a process to verify the legitimacy and transparency of businesses. This is required as part of the MiCA regulation and contributes to preventing fraudulent activities and money laundering. The KYB process involves detailed verification of company information and business activities, contributing to the overall reliability of the market.

Pi Network’s KYC and KYB: The Full Picture of the Authentication Process Supporting the Cryptocurrency Ecosystem

OKX and Pi Network Collaboration

Pi Network’s native token ‘PI’ will be listed on OKX’s spot trading market on February 20, 2025, at 8:00 AM UTC (5:00 PM Japan time). Prior to this, users will be able to deposit PI tokens starting from February 12, 2025, at 2:45 AM UTC (11:45 AM Japan time), and withdrawals will commence from February 21, 2025, at 8:00 AM UTC (5:00 PM Japan time). This listing is a significant step demonstrating Pi Network’s regulatory compliance.

Enhanced Reliability through MiCA and KYB

With OKX obtaining the MiCA license and Pi Network passing the required KYB process, market access for PI tokens will expand. Furthermore, this initiative strengthens user protection and contributes to enhancing the overall reliability of the cryptocurrency market.

Impact on the Japanese Market

Interest in the cryptocurrency market is growing in Japan, and the increased reliability of OKX due to obtaining the MiCA license may provide a sense of security to Japanese investors. Especially given the strict cryptocurrency regulations already in effect in Japan, the MiCA license, which demonstrates international regulatory compliance, will serve as a testament to the trustworthiness for Japanese users utilizing OKX’s services.

Conclusion

OKX’s acquisition of the MiCA license and its collaboration with Pi Network set a new standard in the cryptocurrency market. This will enhance overall market transparency and reliability and potentially have a positive impact on the Japanese market. Let’s continue to monitor these developments.

Pi Network: Open Network Launch on February 20, 2025, and Its Impact

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On February 20, 2025, the Pi Network will officially launch its long-awaited open network. This transition to a new phase is expected to significantly expand the practical use of Pi coins by allowing the previously restricted ecosystem to connect with external platforms.

Overview of the Open Network

The Pi Network was founded in 2019 by Stanford University graduates and has gained attention as a platform that allows easy cryptocurrency mining on smartphones. Until now, it has operated in a phase called the “Enclosed Mainnet,” with limited external connections. However, the transition to the open network opens the way for Pi coins to integrate with other blockchains and real-world applications.

Key Changes

Global Connectivity: Pi coins will be tradable with other blockchain networks, moving beyond the closed ecosystem.
Increased Adoption: With the participation of businesses and developers, the scope of Pi coin usage is expected to expand rapidly.
Security and Compliance: All transactions will require KYC (Know Your Customer) and KYB (Know Your Business).

Warning to Users

The Pi Network team strongly warns users to use only official tools. In particular, using the official wallet within the Pi Browser is recommended. This is to protect assets from scams and phishing attacks. Users are also advised not to share passwords or personal information with third parties.

Popularity and Challenges in the Japanese Market

The Pi Network is very popular in the Asian market, especially in Japan. Many users in Japan have completed KYC, and interest in the project is high. However, some concerns have been raised regarding centralization risks and delays in project progress.

KYC and Security

The KYC process is important for ensuring a secure trading environment, but the procedure can sometimes take time. In particular, issues such as a shortage of KYC slots have been pointed out in some regions, such as China.

Listing on OKX and Its Impact

Starting February 20, 2025, Pi coin trading will begin on the cryptocurrency exchange OKX. This listing provides users with new trading opportunities, but there are also concerns about security and compliance. Especially for beginner users, thorough information gathering and risk assessment are required before trading.

Summary

The launch of the Pi Network’s open network has the potential to significantly impact the entire cryptocurrency industry. However, to ensure safety and transparency, it is important to use official information sources and act cautiously. Let’s continue to pay attention to the progress of this project.

*This article is not investment advice. Please conduct your own thorough research before making any decisions.

Pi Network’s Open Mainnet and OKX Listing: A New Era for Cryptocurrency That Will Change the Future

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February 20, 2025, marks a historic moment for the cryptocurrency industry. The Pi Network will finally launch its open mainnet, and its listing on the OKX exchange has been decided. This move is a significant step for the Pi Network to transition from a closed environment to full blockchain integration, offering broader utility.

Pi Network Listing Scheduled?: A Thorough Explanation of the Article Posted by OKX and Future Prospects

What is Pi Network?

The Pi Network is gaining attention as a unique project that allows users to mine cryptocurrency using mobile devices. Over 60 million users have participated so far, with 19 million having completed KYC (Know Your Customer) verification. This project aims to build an entire ecosystem, not just a cryptocurrency.

Details of the OKX Listing

OKX will be the first major exchange to support trading of the Pi token. The key dates are as follows:

February 12, 2025: Deposits begin
February 20, 2025: Call auction (7:00-8:00 UTC) and spot trading begins (8:00 UTC)
February 21, 2025: Withdrawals begin

Some trading restrictions will be introduced on OKX. For example, market orders are prohibited for the first 5 minutes, and single trades cannot exceed $10,000. Specific rules will also apply during the call auction to ensure price stability.

What is OKX Exchange?

OKX is a global cryptocurrency exchange founded in 2017 and based in Seychelles. It supports over 350 cryptocurrencies, including Bitcoin and Ethereum, and more than 500 trading pairs, catering to a wide range of traders from beginners to advanced users.

Key features of OKX include:

Diverse Trading Options: Spot trading, margin trading, futures, options trading, etc.
Advanced Tools: Offers automated trading bots and a Web3 wallet.
Low Fees: Maker fees at 0.08% and taker fees at 0.10%, below the industry average.
High Security: Cold wallet storage, multi-factor authentication (MFA), and anti-phishing measures.

Japanese Users and OKX

Unfortunately, OKX services are not available in Japan. However, the listing of the Pi token on OKX is a significant event that will greatly enhance the global appeal of the Pi Network.

Benefits of OKX Listing for Pi Network

The listing of the Pi token on OKX is expected to bring the following advantages:

Increased Global Liquidity: Traders worldwide will be able to trade Pi tokens, increasing market recognition.
Enhanced Credibility: Listing on a major exchange serves as validation of the project’s credibility.
Contribution to dApps and Ecosystem Expansion: An environment will be created where dApp developers and businesses can more easily utilize Pi tokens.

“The listing on OKX is a crucial step for the Pi Network to move to its next phase of growth.”

Although not directly available in Japan, this listing will be a catalyst for the global spread of the Pi Network and the opening of new possibilities. This is expected to further increase interest in the Pi Network and lead to future expansion of use cases.

Expectations for Binance Listing

Currently, many people are anticipating a listing on Binance. Binance is one of the world’s largest cryptocurrency exchanges, and if Pi were to be listed there, liquidity and recognition are predicted to increase dramatically. While there has been no official announcement yet, there are rumors of informal discussions ongoing between the Pi Network and Binance.

Possibilities Brought by the Open Mainnet

With the launch of the open mainnet, the Pi token will offer new use cases such as:

Real-World Transactions: Can be used as a legitimate payment method in businesses and services.
dApp Integration: dApp developers can build decentralized applications utilizing Pi.
Mass Adoption: Potential to be widely accepted, similar to Bitcoin and Ethereum.

Token Supply and Sustainability

The circulating supply of Pi tokens is 6.41 billion, with a total supply of 9.29 billion. This carefully managed supply model is designed to prevent excessive inflation while allowing for gradual growth.

Future Challenges and Outlook

While the Pi Network has many possibilities, challenges remain. Issues particularly related to security, scalability, and regulatory compliance need to be addressed. However, the project is expected to see further growth through increased adoption by developers and businesses.

Summary

The Pi Network is about to open the door to a new era. The listing on OKX and the launch of the open mainnet are significant steps for this project to move to the next stage. The future of this cryptocurrency project will be shaped in the coming weeks.

Pioneers, this journey has just begun. Let’s keep watching!

Pi Network Listing Scheduled? Detailed Analysis of the Article Posted by OKX and Future Outlook

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Latest information regarding Pi Network, which is attracting attention in the cryptocurrency industry, has been announced. Pi tokens are scheduled to be listed on the OKX platform in mid-February 2025. Additionally, the official mainnet launch is scheduled for Q1 2025. This article will explain these latest updates in detail, including KYC progress and token trading restrictions.

Pi Token Listing on OKX

OKX is a major platform known as a cryptocurrency exchange. The company has announced plans to list Pi Network tokens on its platform. However, it has been confirmed that this listing was not applied for by Pi Network itself, but rather an approach from OKX.

Article posted by OKX
https://www.okx.com/learn/how-deposit-pi-coin-wallet

Although it states that the platform will be listed in mid-2025, the article was posted before the mainnet scheduled date was announced. It is unclear how this should be interpreted, or if the article was posted with some knowledge of the mainnet scheduled date.

OKX has usage restrictions for Japanese residents

As an important note, Currently, OKX cannot be used in Japan. Since OKX is not licensed by the Financial Services Agency of Japan, Japanese residents are not legally permitted to create accounts or trade on this exchange. If you wish to trade Pi tokens from within Japan, you will need to wait for other licensed exchanges to potentially support it in the future.

KYC Progress and Mainnet Migration

Currently, Pi Network is proceeding with the KYC (Know Your Customer) process, and many users have completed the migration to the mainnet. According to official announcements, approximately 10 million people have already completed the migration. However, please note that if KYC is not completed, there is a possibility that the Pi coins held by the user may be lost.

Over 10 million accounts migrated on the closed mainnet! What’s next?

Importance of Mainnet Launch

Pi Network is currently in the testing phase (testnet) and is focusing on improving system stability and security. Various speculations are being discussed regarding the official mainnet launch, with possibilities predicted for February 28, 2025, and March 14. Given this uncertainty, it is recommended to check the official website for the latest information.

On-Chain Transactions and Token Transfer Restrictions

In Pi Network, on-chain transactions will be possible after the mainnet migration. On-chain transactions refer to transactions conducted directly between wallets or digital currencies.

Regarding the Lock-up Period

Furthermore, many users’ tokens may be locked up for a minimum of 3 years. During this lock-up period, free trading and external transfer of tokens will be restricted. My tokens are also locked for 3 years, so I cannot do anything.

Points to Note and Future Outlook

The Pi Network team prioritizes building a safe and fully functional network. Therefore, it is recommended to check for announcements from official channels regarding the official launch date and features. Also, currently, Pi tokens are used exclusively within the ecosystem, and exchange for other cryptocurrencies or fiat currencies is not permitted.

“Pi Network tokens are currently still used exclusively within the ecosystem. Exchange for other cryptocurrencies or fiat currencies is not yet permitted.”

Even under these circumstances, support and expectations within the community are growing. By continuing to follow the latest information, let’s make sure not to miss new opportunities.

Summary

The progress of Pi Network could potentially impact the entire cryptocurrency industry. With major events like the OKX listing and mainnet launch approaching, let’s continue to closely monitor official information. Furthermore, it is important to act based on information obtained from safe and accurate sources. Other exchanges may also make similar announcements.

OKX Cryptocurrency Exchange Eyes Pi Network: Mobile Mining Paves the Way for Crypto’s Future

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OKX, one of the world’s leading cryptocurrency exchanges, has published an analysis article on the Pi Network project for the first time. This follows a recent mention by another major exchange, Binance, indicating growing attention in the cryptocurrency industry.

Featured Article
https://www.okx.com/learn/when-will-pi-network-launch-trading?s=35

What is Pi Network?

Pi Network is an innovative cryptocurrency project that allows direct mining on smartphones. It has already surpassed 100 million downloads and aims to widely popularize blockchain technology among general users.

5 Reasons Why It’s Gaining Attention

1. Innovative Mobile Mining

It has achieved an innovative system that allows anyone to easily participate in mining with just a smartphone, without the need for traditional expensive mining equipment or massive power consumption.

2. Robust Security and Decentralization

Currently maintaining a closed network phase, it is focusing on building a robust infrastructure and security. This establishes a highly reliable platform for future public mainnet deployment.

3. Fair Distribution System

It achieves democratic access allowing millions of users worldwide to participate and promotes community-driven development.

4. Utility-Focused Ecosystem

Beyond mere token mining, it is building a comprehensive ecosystem with practical value, including decentralized applications and P2P transaction apps.

5. Scalability Solution

By adopting the Stellar Consensus Mechanism, it achieves low-cost and high-speed transaction processing, enabling application in practical use cases.

Future Outlook

With the public mainnet deployment approaching, Pi Network holds the potential to redefine how cryptocurrencies are used and promote global adoption. Continued attention from major exchanges and international media suggests the potential value of this project.