Pi coin listing today: What is Pi Network? Find expected price and other details

Bitget announced a $60,000 Pi airdrop for eligible users until March 3, while BitMart offers a $3,000 USDT giveaway to selected users as Pi Coin trading begins.

Published on: Feb 20, 2025, 15:23:37 IST

By HT News Desk

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Pi Network officially opened to external trading on Thursday, February 20. This comes after years of anticipation.

Pi Coin is a cryptocurrency which uses the Web3 ecosystem and gives the registered members of its netowork, the possibility to mine coins for free without the energy-intensive methods that other cryptocurrencies use. (X/@PiCoreTeam)

Pi Coin is a cryptocurrency that uses the Web3 ecosystem and allows the registered members of its network to mine coins for free without the energy-intensive methods that other cryptocurrencies use.

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As of now, it claims a network of over 60 million members worldwide and was founded in 2019 by Nicolas Kokkalis and Chengdiao Fan, both Stanford Ph. Ds.

Multiple centralised exchanges have confirmed their support for Pi Coin, including OKX, Bitget, Bitrue, HTX, and BitMart. All of them will list the token at launch.

On top of this, Bitget has also announced a $60,000 Pi airdrop pool for eligible users, which will go on until March 3 and BitMart will offer a $3,000 USDT Pi giveaway to 300 selected users.

The Open Mainnet will go live at 8 am UTC, which translates to 1:30 pm IST in India.

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This will end the enclosed mainnet phase which began in December 2021, allowing the coin to be traded on major exchanges.

However, crypto exchange Binance took a different approach to the other exchanges by holding a rare community vote to determine if Pi Network should be listed. The results of this are expected on February 27, 2025.

Some exchanges like HTX have also recently delisted Pi Network’s IoU (I owe You) token, resulting in a price drop of over 50%. This token was used by traders to speculate on Pi’s value before its official launch.

Despite all this, Pi Network has surpassed 110 million installations, with an average of 110,000 new downloads per day. It currently ranks number 4 in the Social category on the Google Play Store.

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Pi Coin, which recently surged to $92, has plummeted by 55%, now trading around $30, according to a Fortune report.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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