Pi Coin (Pi Network), a project launched six years ago, has faced skepticism due to delays in its mainnet launch and exchange listings. However, the platform, which promotes free mobile mining, finally announced on official X that its mainnet will go live, and Pi Coin will be listed on OKX exchange on February 20, 2025. Long-term miners celebrated: "Finally, the wait is over!"
Let’s explore what Pi Coin is, how to mine it, how to withdraw it to exchanges, and whether Pi Coin holds future investment value—or if this is just the project’s last promotional push.
What Is Pi Coin?
Pi Network was founded in 2019 by three Stanford University students with the goal of creating a blockchain economy accessible to everyone—without expensive mining equipment. Unlike Bitcoin, Pi Coin mining requires only a smartphone and the Pi Network app. Users "mine" by tapping a lightning bolt icon daily, making cryptocurrency accessible to a broader audience.
However, Pi Coin has faced criticism:
- Delayed Mainnet: Six years of mining with no tangible results raised doubts.
- Referral System: Critics argue the app’s referral model prioritizes user growth over functionality.
- Regulatory Scrutiny: In 2022, China labeled Pi Coin a "scam," and Vietnam investigated it for "fraud allegations."
Despite skepticism, the official announcement of the mainnet launch and OKX listing has renewed interest.
How to Mine Pi Coin?
Pi Coin mining is straightforward. Follow these steps:
- Download the Pi Network App: Available for iOS and Android.
- Register an Account: Sign up and enter the invite code Tinarorosmommy.
- Daily Mining: Tap the lightning icon daily to mine.
- Boost Mining Speed: Invite friends or complete tasks.
- KYC Verification: Essential for withdrawals (new users can no longer complete KYC).
👉 Get started with Pi mining today
With just eight days until Pi Coin’s exchange listing, new miners may be late. Instead, monitor post-listing trends before investing time or resources.
When Can Pi Coin Be Traded?
The mainnet launches on February 20, 2025, enabling free trading. Exchanges like OKX have already announced Pi Coin trading schedules (see OKX announcement).
How to Withdraw Pi Coin and Convert to TWD?
After the mainnet launch, follow these steps:
- Meet Withdrawal Requirements: Ensure KYC is complete.
- Transfer Pi to an Exchange: Supported exchanges include OKX, Pionex, Bitget, and CoinW.
- Convert Pi to USDT: Trade Pi Coin for USDT post-listing.
- Cash Out to TWD: Transfer USDT to a TWD-supported exchange (e.g., ZONE Wallet).
Is Pi Coin Worth Investing In?
Pi Coin’s value hinges on post-mainnet adoption. Challenges include:
- Price Volatility: No official trading history yet.
- KYC Restrictions: Limits access for new users.
- Ecosystem Growth: Utility will determine long-term demand.
While the mainnet news excites miners, newcomers should avoid FOMO-driven decisions. Always DYOR ("Do Your Own Research") and assess risks carefully.
FAQs
Q: Can I still mine Pi Coin after the mainnet launch?
A: Yes, but rewards may change post-launch.
Q: Which exchanges support Pi Coin?
A: OKX, Pionex, Bitget, and CoinW (check for updates).
Q: Is Pi Coin a scam?
A: While controversial, the official mainnet launch and exchange listing lend credibility. Stay cautious.
(Disclaimer: This content is not investment advice. Cryptocurrency investments carry high risk—research thoroughly before deciding.)