According to many sources, the Pi Network will officially transition to the Open Network phase, marking a significant turning point after more than six years of development. This event allows anyone to join the network, use the Pi coin, and build applications on this platform. Users are now able to deposit Pi into their OKX accounts in preparation for trading.
However, prior to this event, some experts in the blockchain field expressed skepticism about the transparency and actual value of the Pi Network. They believe the project has not provided sufficient information about public blockchain and the mechanism for verifying the value of the Pi coin.
The transition to the Open Network is expected to strengthen trust and provide momentum for the development of the Pi Network in the future.
Recently, some cryptocurrency exchanges have delisted the Pi coin (IOU) to mitigate risks. The Pi coin (IOU) was previously issued by exchanges as a liability when the Pi Network was not officially operational. This delisting aims to limit risks for the exchanges.
Meanwhile, the CEO of Bybit, Ben Zhou, has refused to list the Pi coin on his exchange, emphasizing the risks and controversies surrounding the Pi Network.
However, some other exchanges like OKX and Bitget still plan to list the Pi coin on February 20, 2025, despite concerns about the transparency and actual value of the project.
But caution should still be exercised and thorough research should be conducted before participating in trading or investing in the Pi coin, due to the current volatility and controversies surrounding this project.
Source: Blogtienao, Danviet, Vietbao, Nguoiquansat, Dantri
