Revealed: Pi Mainnet Launch Price & Step-by-Step Guide on How can I buy ELON coin?Selling Pi Coin on OKX

In the dynamic world of cryptocurrency, Pi Coin has emerged as a notable player, attracting the attention of numerous investors. This article will delve into the Pi Mainnet launch price and provide a detailed guide on selling Pi Coin on OKX.

Pi Mainnet Launch Price

Pi Network officially launched its Open Mainnet on February 20, 2025. As of now, Pi Coin is trading at $0.4838 per token, but it has experienced a 3.5% decline in the past 24 hours. Despite this short - term dip, the coin has a market capitalization of $3.7 billion, which is quite substantial. The 24 - hour trading volume stands at $91 million, indicating that there is still significant market interest in Pi Coin.

It's important to note that Pi Coin's price is highly volatile. Before the official opening of trading on exchanges like OKX and Huobi HTX, the actual market price might deviate from the main - net quote. Historically, new coins have seen an average increase of 35% - 50% on the first day of listing on major exchanges. However, due to restrictions on mainland Chinese users from depositing and trading, the liquidity of Pi Coin may be concentrated in overseas markets, which could lead to significant price differences across different exchanges.

Market predictions suggest that by 2026, the price of Pi Coin could reach $5. But this largely depends on whether Pi Coin can achieve widespread adoption and gain regulatory approval. Currently, with a large circulating supply of 7.84 billion tokens, there is substantial selling pressure, leading many to question the long - term value of Pi Coin.

FAQ: Why is the price of Pi Coin so volatile? The price volatility of Pi Coin can be attributed to several factors. Firstly, the large circulating supply creates significant selling pressure. Secondly, the limited selling channels and uncertainties regarding its adoption and regulatory approval also contribute to price fluctuations.

Pi Coin Trading Basics

With the launch of Pi Network's Open Mainnet, Pi Coin can now be traded as a real asset on major centralized exchanges. You can access Pi Coin through exchanges that have passed the KYB (Know Your Business) verification of Pi Network. KYB verification ensures that the platform has passed Pi's official compliance and identity checks, protecting you from fraud and ensuring the security of your transactions.

To trade Pi Coin, you need to complete the KYC (Know Your Customer) verification on Pi Network. This is a prerequisite for transferring the Pi Coins you've earned to the mainnet and then selling them on an exchange. In the Pi Network App, click on the balance at the top and then select 【Transfer】. You will then see the KYC tasks that need to be completed. There are a total of 8 KYC tasks, and once completed, they will be marked in green.

FAQ: What is the difference between KYB and KYC? KYB focuses on verifying the compliance and identity of the exchange as a business, ensuring that it can legally support the trading of real Pi tokens on the Open Mainnet. KYC, on the other hand, is about verifying the identity of individual users to prevent fraud and ensure regulatory compliance.

Step - by - Step Guide on Selling Pi Coin on OKX

Step 1: Account Setup and Verification

If you haven't already, you need to register an account on OKX. Provide the necessary personal information and complete the identity verification process as required by the exchange. This step is crucial for ensuring the security of your account and complying with regulatory requirements.

Step 2: Pi Coin Deposit

OKX announced that it would open Pi Coin deposits on February 12, 2025, at 10:45 (UTC + 8). Log in to your OKX account, navigate to the deposit section, and select Pi Coin. You will be provided with a Pi Coin wallet address. On the Pi Network side, after completing the KYC verification, transfer your Pi Coins to this OKX wallet address.

Step 3: Spot Trading Setup

Pi Coin spot trading on OKX started on February 20, 2025, at 16:00. Once your Pi Coins are successfully deposited into your OKX account, go to the trading section of the exchange. Select the Pi/USDT trading pair. You can choose different order types, such as market orders or limit orders.

If you choose a market order, your Pi Coins will be sold at the current market price. A limit order allows you to set a specific price at which you want to sell your Pi Coins. Once the market price reaches your set price, the order will be executed.

Step 4: Withdrawal of Proceeds

After selling your Pi Coins and getting USDT in return, you can withdraw the funds to your bank account or other wallets. Navigate to the withdrawal section on OKX, select USDT, enter the withdrawal address (if it's a wallet) or the bank account details, and follow the prompts to complete the withdrawal process.

FAQ: What should I do if my Pi Coin deposit on OKX fails? If your deposit fails, first check if you have completed the KYC verification on Pi Network. Also, ensure that you have entered the correct OKX wallet address for the deposit. If the problem persists, you can contact OKX customer support for assistance.

Pi Coin's Future Outlook

Pi Network has achieved significant milestones, with over 10.14 million users successfully migrating to the mainnet and more than 19 million users completing KYC verification. The mainnet now supports over 100 applications, which helps to lay the foundation for the stability and interactivity of the open network.

However, the future of Pi Coin remains uncertain. The large circulating supply, price volatility, and limited selling channels are challenges that need to be addressed. For Pi Coin to increase in value, it needs to demonstrate real - world utility, gain wider acceptance, and overcome regulatory hurdles.

FAQ: Is it a good time to sell Pi Coin? Whether it's a good time to sell Pi Coin depends on your investment goals and risk tolerance. If you are concerned about the long - term value due to the large supply and uncertainties, you may consider selling. On the other hand, if you believe in the future potential of Pi Coin's adoption and price increase, you may choose to hold.

In conclusion, while Pi Coin presents an interesting investment opportunity, it comes with its own set of risks and uncertainties. Before engaging in Pi Coin trading, especially selling on OKX, it is essential to do your own research (DYOR) and understand the market dynamics thoroughly.