Yes, That’s Real Pi Coin on Exchanges – Here’s What Most Pi Network’s Pioneers Still Don’t Know

The Pi Network officially launched its Open Mainnet on February 20, 2025. It was a big moment – the project finally moved out of its long test phase and into a real

The Pi Network project, known for its unique approach to cryptocurrency mining and community engagement, has reached a significant milestone with the launch of its Open Mainnet on February 20, 2025. This event smoothly transitioned the project from a closed, invitation-only system to a truly open and decentralized ecosystem.

However, despite the Mainnet launch and the availability of Pi Coins for real-time transactions, wallet-to-wallet transfers, and even payments for goods and services within the ecosystem, there's still some confusion among Pioneers regarding the trading of real Pi on exchanges and the possibility of sending it to their Pi wallets.

In a detailed thread shared on X, crypto analyst Mr Spock breaks down the common misunderstandings and clears up what's actually happening now with real Pi trading.

The Confusion: ‘Pi Isn’t on Exchanges’

Many Pioneers continue to claim that Pi is not yet available on exchanges or that any Pi currently being traded is fake. This belief mostly comes from the earlier days of the network, where only IOU (Payable Through Other When Due) versions of Pi were listed on unofficial platforms.

These IOUs were speculative in nature, had no connection to the Pi blockchain, and the coins couldn't be withdrawn or transferred to Pioneers' Pi wallets.

That part was true – back then. But things have changed since the Mainnet launch.

Clearing the Confusion: Yes, You Can Buy Real Pi and Send It to Your Wallet

With the Mainnet now fully live, Pi Coins are available for real-time transactions, wallet-to-wallet transfers, and even payments for goods and services within the Pi ecosystem. According to Mr Spock, real Pi is now listed and trading on select, KYB (Know Your Business)-compliant exchanges. These platforms have gone through proper KYB checks and have agreements in place with Pi-related entities and ecosystem apps.

In short, these are not IOUs. They are actual Pi Coins running on the real blockchain.

Users can now legally buy Pi on these verified exchanges and transfer it into their own wallets – even to locked-up balances. Several members of the community, including Mr Spock himself, have successfully done so. It's not just theoretical anymore. It's working.

So Why Are People Still Doubting It?

There are a few reasons why confusion continues, according to the thread:

This combination has led to a frustrating cycle where outdated opinions are shared with new users, causing unnecessary doubt.

A Call for Clarity

Mr Spock ends his thread with a simple message: it's time for the community to rely on facts, not old assumptions. The Open Network is live. The Pi Core Team confirmed it. Apps in the Pi ecosystem are accepting Pi as payment. And KYB-compliant platforms are legally enabling trade.

Dismissing all exchange listings as "fake" only undermines the progress the project has made—and the real use cases now emerging.

To be clear, this doesn't mean Pi is ready for mass adoption or that its exchange listings are widespread. The rollout is still early, and many platforms are still catching up. But the idea that “you can't buy real Pi” is no longer true.

Despite all the progress and clarity around real Pi trading, the price action tells a different story. At the time of writing, Pi Coin is trading around $0.60—down roughly 80% from its respective all-time high. It's a reminder that even with major technical milestones and ecosystem developments, market confidence and price momentum can take much longer to catch up.