Pi Network is taking a significant step forward with its mainnet launch. This guide explains the key information regarding the conversion of existing PI assets and the upcoming availability of mainnet PI tokens.
Understanding the PI Asset Conversion Process
To align with Pi Network's mainnet migration, exchanges are facilitating the conversion of users' existing PI holdings. The process is designed to ensure a smooth transition for all participants in the ecosystem.
The conversion ratio has been established at 1:61.28 based on the final trading price before delisting. This means each PI token will be converted to USDT at this fixed rate. The converted USDT will be automatically deposited to users' spot accounts upon completion.
All trading activities for PI tokens have been suspended ahead of this conversion process. This temporary measure ensures accurate accounting of user holdings before the mainnet tokens become available.
Timeline for Mainnet PI Listing
Following the successful launch of Pi Network's mainnet, the new native tokens are expected to become available on exchanges. The exact timing will depend on the technical integration process and network stability confirmation.
Users should monitor official announcements for specific dates regarding mainnet PI trading availability. The exchange will complete all necessary technical requirements before enabling deposits and withdrawals of the new mainnet tokens.
👉 Track mainnet token listing progress
Once the mainnet tokens are integrated, spot trading pairs will be introduced gradually. This phased approach ensures market stability and proper liquidity provision for the newly launched asset.
What Users Need to Know About the Transition
During this transition period, users don't need to take any manual action for the conversion process. The exchange will handle the entire process automatically, converting existing PI balances to USDT at the predetermined ratio.
All open orders for PI trading pairs were automatically canceled when trading ceased. The corresponding assets were returned to users' spot accounts before the conversion process began.
The converted USDT will appear in spot accounts once the process completes. Users can then utilize these funds for other trading activities or wait for mainnet PI tokens to become available for trading.
Frequently Asked Questions
What happens to my existing PI tokens?
Your current PI tokens will be automatically converted to USDT at a fixed ratio of 1:61.28. The conversion process is handled automatically by the exchange, and the USDT will be deposited directly to your spot account.
When will mainnet PI tokens be available for trading?
Trading for mainnet PI tokens will begin after the mainnet launch is complete and the exchange has finished technical integration. Follow official announcements for specific timing details and trading pairs availability.
Do I need to take any action during this conversion?
No action is required from users. The conversion process is fully automated. Your existing PI holdings will be converted to USDT automatically, and you'll be able to monitor the progress through your account balance.
What is the conversion ratio based on?
The 1:61.28 conversion ratio was determined using the final trading price of PI before trading was suspended. This ensures fairness and consistency for all users during the transition period.
Will there be new trading pairs for mainnet PI?
Yes, once the mainnet tokens are integrated, new trading pairs will be established. These will likely include major trading pairs similar to other established digital assets on the platform.
How can I stay updated on mainnet PI listing progress?
Monitor official exchange announcements and status updates through their communication channels. The exchange will provide advance notice before enabling deposits, withdrawals, and trading for mainnet PI tokens.
The transition to Pi Network's mainnet represents an important milestone for the project. By understanding the conversion process and timeline, users can navigate this change effectively and prepare for the availability of mainnet tokens.