- Pi Network’s Mainnet launched with 10M KYC users, but only 1B tokens are available.
- Crypto exchanges like MEXC and Bitget have listed Pi, adding to growing market interest.
- Binance polls its community on whether to list Pi, with results due by February 27.
The official release of Pi Network’s Mainnet has drawn increasing attention to the growth of the cryptocurrency market index and the fluctuations in Pi Network’s price. The token, which started at $1.28, quickly rose above $2 before declining. As of press time, the token is trading at $0.8493, marking a 50% decline over the past 24 hours. With a trading volume of $726.39 million (a 1,994.49% increase) and a market cap of $5.43 billion, the surge in interest highlights Pi Network’s growing market presence.
Mainnet Launch Details
Pi Network Mainnet was launched today at 8 AM UTC, which is a big step for the platform. Over 10 million users had done the KYC and were ready to move their PI to the mainnet. However, only one billion out of the total 9.7 billion tokens are currently available for trading.
Pi Network introduced the Open Network during the launch, which is meant for an external connection. This will enable Pi users to interact with compliant platforms and conduct transactions beyond its ecosystem. Furthermore, this expansion enhances the Open Network’s utility, attracting more users and businesses to Pi Network.
Integration of CEXs and Onramps
Besides the Open Network, the integration of CEXs and on-ramps has also been added as part of Pi Network. This is more convenient for obtaining tokens because it ensures users get the genuine tokens that are issued by the foundation. Businesses can also use KYB (Know Your Business) verification to gain access to Pi Mainnet wallets and to perform transactions. These upgrades indeed make Pi better positioned as a global cryptocurrency ecosystem.
Related: Crypto Market Awaits Moves as BTC and Altcoins Hold Steady
Major exchanges have already expressed their interest in Pi Network. MEXC listed the token for early trading to attract investor interest. The OKX exchange announced that it had added the PI/USDT pair for trading on the spot market. Bitget introduced the PI/USDT futures contract, which contributed to increased market activity and investor optimism. Similarly, Binance launched a community poll to gauge interest in listing Pi, with voting open until February 27th.
