OKX expects the opening price of Pi coins to be US$2! The fourth largest token in the entire network, FDV market value exceeded USDT

News: After more than six years of waiting, Pi Network will officially open its main network at 4:00 p.m. this (20th), and will be launched on well-known exchanges such as OKX, Pionex, MEXC, etc. (CoinW and Gate launched a perpetual contract at 16:00)

The OKX exchange has entered the call auction stage at 3 pm. The official website shows that the expected opening price is US$2. If calculated based on this, the complete dilution valuation (FDV) will reach US$200 billion, becoming the fourth largest token in the entire network with the market value of FDV surpassing USDT. (However, remind that the price may fluctuate significantly after opening)

Official explanation: PI/USDT spot launch will adopt a call bidding mechanism, and the call bidding time is 1 hour.

OKX uses a call auction mechanism, and you can place an order at the desired price according to the established trading parameters before the new trading pair officially begins. The trading system processes all submitted orders according to the call auction rules and calculates a reference opening price based on these submitted orders.

Current circulation status of Pi coins

According to PiBlockexplorer data, the current supply status of Pi coins is as follows:

Total mining reward (migrated): 6.307 billion

Current mining locked mining Mine reward: 4.711 billion

Unlocked circulating supply: 1.595 billion

Circulating supply: 6.307 billion

Total supply: 9.703 billion

Maximum supply: 100 billion

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