This guide covers the key details for traders interested in the newly listed PI (Pi Network) token on a major global exchange. We detail the official trading schedule, important risk control rules for the market opening, and essential project information.
Trading Schedule Overview
The official timeline for the PI listing is as follows. All times are in UTC+8.
- PI Deposits Open: February 12, 2025, at 10:45 AM.
- PI Withdrawals Open: February 21, 2025, at 6:00 PM. (Note: The wallet will be under maintenance for security upgrades until this time. Please wait for maintenance to conclude before attempting to withdraw.)
PI/USDT Spot Trading Details
- Opening Auction Period: February 20, 2025, from 3:00 PM to 4:00 PM.
- Spot Trading Begins: February 20, 2025, at 4:00 PM.
Key Risk Management Rules for Market Opening
To protect investors from extreme volatility during a new token listing, the platform enforces specific trading limits for the first five minutes after spot trading begins.
Initial Order Restrictions (First 5 Minutes)
- Market order trading is not permitted.
- The maximum amount per limit order is $10,000.
- The maximum net position amount for a single user is $10,000.
These restrictions will be automatically lifted five minutes after trading commences.
Price Limit Rules
If an index price is available for the trading pair, a price limit mechanism will be activated. The rules are summarized below:
| Phase | Highest Buy Order Limit | Lowest Sell Order Limit |
|---|---|---|
| First 10 minutes after listing | Index × (1 + X) | Index × (1 - X) |
| After first 10 minutes | Complex formula based on Index, a variable Y, and a 2-minute premium average. | Complex formula based on Index, a variable Y, and a 2-minute premium average. |
Note: The parameters for X, Y, and Z are adjusted based on prevailing market conditions.
Understanding the Opening Auction Mechanism
The PI/USDT spot listing will begin with a one-hour opening auction period. This mechanism allows you to place orders at your desired price before live trading starts. The system collects all orders, processes them according to auction rules, and calculates a single reference opening price.
To ensure an orderly market and minimize disruptive trading practices:
- A single user’s total buy order amount is capped at $50,000 during the auction.
- In the final five minutes of the auction, users can only place limit orders; order modifications and cancellations are not permitted.
For a comprehensive understanding of these mechanics, you can 👉 explore more strategies for participating in token auctions.
After the auction concludes, the exchange will display an opening price provided by the Pi Network project team. This price is for informational purposes, typically based on the project's internal valuation. It is important to note that this reference price does not determine the final auction price and does not affect the price of the orders you placed.
Pi Network (PI) Project Information
Pi Network is a social cryptocurrency and developer platform designed to be widely accessible and offer real-world utility. It allows users to mine and trade PI through a mobile-friendly interface while supporting applications built on its public blockchain ecosystem.
- Full Name: Pi Network
- Ticker Symbol: PI
- Circulating Supply: 6,041,000,000 PI
- Total Supply: 9,294,000,000 PI
- Max Supply: 100,000,000,000 PI
The project boasts a significant global user base, with over 60 million engaged users and more than 19 million having passed identity verification through its native KYC solution.
Preparing for PI Trading
To be ready for the start of PI/USDT trading, ensure you have sufficient USDT in your spot wallet. You can deposit USDT at any time to be prepared for the market opening.
Frequently Asked Questions
What is the most important time to remember for PI trading?
Live PI/USDT spot trading begins on February 20, 2025, at 4:00 PM (UTC+8). The one-hour opening auction starts at 3:00 PM on the same day.
Why are there trading restrictions in the first five minutes?
The restrictions on order type, size, and position are critical risk management tools. They are designed to prevent extreme price swings and protect investors from the high volatility typical of a new token's market debut.
Can I withdraw my PI tokens immediately after buying them?
No. PI withdrawals are scheduled to open on February 21, 2025, at 6:00 PM (UTC+8), after the completion of mandatory wallet security upgrades. You will be unable to withdraw before this time.
What is an opening auction, and how does it work?
An opening auction is a period where buyers and sellers place orders before continuous trading starts. The system matches these orders to find a single equilibrium price that maximizes the number of trades that can be executed, which becomes the opening price.
Where can I find the official contract address for PI?
Always obtain official contract addresses directly from the project's verified website or official social media channels to avoid scams. Do not trust addresses provided in unofficial groups or by unknown individuals.
Is the opening price provided by the project team the same as the auction price?
No. The project's suggested opening price is for reference only. The actual opening price is determined solely by the opening auction mechanism based on collective supply and demand from all user orders.