OKX to list PI (Pi Network) for spot trading

OKX is pleased to announce the listing of PI (Pi Network) on our spot trading markets. Please take note of the following details:

Listing timeline

1. PI deposits will open at 2:45 am UTC on Feb 12, 2025.

2. PI call auction will take place from 7:00 am to 8:00 am UTC on Feb 20, 2025.

3. PI/USDT spot trading will open at 8:00 am UTC on Feb 20, 2025.

4. PI withdrawals will open at 8:00 am UTC on Feb 21, 2025.

Rules for spot trading opening

Order limits: In order to protect traders from price volatility at the opening of spot trading, OKX will impose the following restrictions on orders during the first 5 minutes of trading:

1. No market orders allowed.

2. Each limit order must not exceed 10,000 USD in value.

3. Each user’s maximum net position size must not exceed 10,000 USD in value.

These restrictions will be lifted after the first 5 minutes of trading.

Price limits: If a spot index is available for this trading pair, OKX will enable the price limit. Specific price limit rules are as follows:

Note: The parameters of X, Y, Z will be adjusted according to market conditions.

About Call Auctions

Call auction mechanism will be used for spot listing of PI/USDT. The call auction period will last for 1 hour.

OKX operates a call auction mechanism that allows you to submit buy and sell orders at your desired prices according to certain trading parameters before a new trading pair officially begins trading. The trading system processes all submissions according to call auction rules and calculates an indicative opening price based on these submissions.

In order to maintain an orderly market for all users and to limit disruptive trading experiences, we have decided that (1) the total value of each user’s buy orders during a call auction must not exceed 50,000 USD, and (2) during the last 5 minutes before the call auction ends, users can still place orders but cannot cancel or modify orders. Please visit OKX Call Auction Mechanism to learn more about rules.

In order to provide more trading information, following the end of the call auction, OKX will display the project team’s opening price at the commencement of continuous trading as the initial price of the trading chart. The project team’s opening price is provided by the token project team usually based on the valuation of the project. This project team’s opening price is displayed for information purpose only, and is not determined by the call auction mechanism, and will not impact the prices where you will execute the orders.

Project introduction

Pi Network is a social cryptocurrency, developer platform, and ecosystem designed for widespread accessibility and real-world utility. It enables users to mine and transact Pi using a mobile-friendly interface while supporting applications built on its blockchain ecosystem. Pi has over 60 million engaged users with over 19 million identity-verified (through its native KYC solution) and over 10 million migrated to its Mainnet.

• Asset name: Pi Network

• Ticker: PI

• Circulating supply: 6.041B

• Total supply: 9.294B

• Max supply: 100B

• Check Pi Network Price: https://www.okx.com/price/pi-network-pi

Deposit USDT

Top up your balance to get ready for PI/USDT spot trading:

Risk warning:The foregoing overview and information, some of which may be provided by third parties and not OKX, are for informational purposes only. OKX does not guarantee the accuracy or completeness of any information contained herein and such information does not constitute any representation, warranty or any financial, investment or other form of advice by OKX. Such information may not be suitable for all persons; it should not be relied upon in connection with a particular investor's trading; and, is not intended to be, nor should be construed as, an offer, recommendation or solicitation. Such information is also not intended for persons who reside in jurisdictions where providing such information would violate the laws or regulations of such jurisdiction. Digital assets are highly speculative and subject to high volatility, may become illiquid at any time, and that investors may lose the entire value of their investment. Before trading any digital asset, you should do your own research and evaluate your risk appetite. OKX is not responsible for any losses which you may incur from trading digital assets. Please refer to OKX Terms of Service and Risk & Compliance Disclosure for more information.
For any inquiries, please feel free to contact us via OKX Support Center or connect with us on any platform of your choice.

OKX Team

Feb 12, 2025