Jakarta, Beritabulukumba.com – Cryptocurrency exchange OKX is preparing to list and trade Pi Network’s digital currency once the open mainnet phase officially launches.
In its latest announcement, OKX confirmed that it has received Pi coin distributions and will commence trading as soon as the open mainnet goes live. The open mainnet marks the final phase of Pi Network’s journey, where its system will be fully accessible to external parties, including major cryptocurrency exchanges.
Previously, Pi Network users, known as Pioneers, engaged in peer-to-peer (P2P) transactions to exchange Pi. However, with access to major exchanges such as OKX, Pi Network is poised to establish a broader market value.
Pi Network Price on OKX
At present, Pi Network’s price page on OKX remains unavailable. The exchange displays a notification stating: “The trading of this cryptocurrency is currently not supported on OKX. Continue trading with cryptocurrencies listed on OKX.” Additionally, the price development chart is empty, accompanied by the message: “This data isn’t available yet.”
Towards the bottom of the page, OKX provides comprehensive information about Pi Network, including details on its app-based mining concept, its payment ecosystem, and the project roadmap spearheaded by Dr Nicolas Kokkalis and Dr Chengdiao Fan.
Understanding Pi Network
Pi Network was launched on 14 March 2019 as an innovative project allowing cryptocurrency mining through a mobile application. Using the Stellar Consensus Protocol (SCP) instead of the traditional Proof of Work (PoW) mechanism, Pi Network offers a more energy-efficient mining system that is accessible to the general public.
Throughout its development, Pi Network has garnered over 60 million active users and thousands of merchants accepting Pi as a payment method. Moreover, various Pi-based applications (Pi Apps) have been created, ranging from marketplaces to educational services.
The Future of Pi Network
Currently, Pi Network remains in the Enclosed Mainnet phase, where users must complete KYC verification before migrating their coins to the main blockchain. Upon entering the Open Mainnet phase, Pi will be freely tradable on global cryptocurrency exchanges, including OKX.
With significant community enthusiasm, speculation continues to arise regarding Pi Network’s potential value upon its official trading launch. However, its final valuation will ultimately depend on market mechanisms and the ecosystem readiness established by Pioneers and the development team.
Stay updated on the latest developments regarding Pi Network trading on OKX exclusively at Beritabulukumba.com.
