The crypto exchange OKX announced in his latest announcement that he will add PI to the spot trading markets. Users will be able to deposit PI from 02:45 UTC. Spot Trading will start at 08:00 on February 20 at 08:00 and PI shooting operations will be possible at 21 February 08:00 at UTC.

Pi Network is a platform that allows users to make Pi Coin mining through mobile application. The project aims to make crypto mining more accessible and reduce its environmental impact. It is also described as ek ecosystem between decentralized spouses ve and is based on a routing model that directs its growth.

According to the platform’s website, Pi Network’s main network will be officially launched on 20 February 2025 at 08:00 at 08:00 UTC and the “Mainnet Open Network Period” will begin in this process. The project said that they aim to create the most inclusive spouses ecosystem and online experience supported by Pi Network’s local tokene.

Although Pi Network’s main network has not yet been launched, some stock exchanges have already shown IOU for PI. The IOUL Crypto Token is defined as a lending tokent that can be transferred to the same crypto stock exchange platform as a traditional debt certificate.

Immediately after the OKX announcement, according to CONKEKKO data, PI’s IOOU price increased by 80 %in the last 24 hours and is now at $ 86. Last week, the Pi Network Token’s IOOU price increased by 112 %. The 24 -hour trading volume of PI is $ 770.718.

However, the trader on platform X said that the decision of OKX’s decision to list PI may cause potential risks. Username @Asenup4 said that it was surprised to list the PI in OKX in OKX and suggested that it could be a sign of transition to a more central model.

The user described Pi Network as “zero -cost mining project ve and said that it is possible to make crypto mining by mobile phone without significant obstacles. He also pointed out that Pi Network’s user -routing mechanism has the potential to turn into a possible pyramid scheme.

According to Pi Network’s official statement, users who want to participate in Mainnet block chain activities will have to complete the Identity Authorization (KYC) process. Business authentication (KYB) will be applied for businesses.

“In general, Pi aims to be a safe web3 where Pioneers can have external connections with their Pi in their hands,” the project said.

On the other hand, @Asenup4 suggested that Chinese traders had difficulties in the KYC validation process due to limited quotas or other systemic problems. Even users who have started the verification process at the moment are likely to not get approval until the token listing date.

As previously reported, the first recognized period for the KYC verification was postponed from 31 November to 31 December. He was postponed for the second time in December 2024 and retreated to 31 January. It was stated that this delay was due to the fact that millions of users did not carry their tokens to the main network.

In addition, @Asenup4 said that the project has been developed for six years and that many users have switched from web2 to web3 ecosystem during this time.

Emphasizing that older users may be affected, especially if you want to attract new OKX users, act carefully. Do not deceive the elderly to lose their private keys. ”