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, live blockchain ecosystem. But even now, months later, many Pioneers still aren’t clear on one simple fact: yes, you can buy real Pi Coin, and yes, you can send it to your Pi wallet.
So why is there still so much confusion?
In a detailed thread shared on X by crypto analyst Mr Spock, he breaks down the common misunderstandings and clears up what’s actually happening now with real Pi trading.
What you'll learn 👉
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, when only IOU versions of Pi were listed on unofficial platforms. These IOUs were speculative in nature, had no connection to the Pi blockchain, and couldn’t be withdrawn or transferred to Pi wallets.
That part was true – back then.
But things have changed since the Open Mainnet launch.
Clearing the Confusion: Yes, You Can Buy Real Pi and Send It to Your Wallet
— Mr Spock 𝛑 (@MrSpockApe) May 5, 2025
By [Mr Spock ]
The Pi Network officially launched its Open Mainnet on February 20, 2025, marking a historic transition from a closed, invitation-only system to a truly open, decentralized economy. Yet… pic.twitter.com/8YZ0YG3GLv
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 ecosystem. According to Mr Spock, real Pi is now listed and trading on select, KYB-compliant exchanges. These platforms have gone through proper Know Your Business (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:
- Lack of Updated Information – Many Pioneers haven’t read or seen the latest official announcements from the Core Team since February 2025.
- IOU Overlap – Some platforms still list the old IOU version of Pi, which adds to the misunderstanding.
- Fragmented Community – Not all Pioneers follow the same sources or updates, which leads to mixed messages and misinformed claims.
This combination has led to a frustrating cycle where outdated opinions are shared with new users, causing unnecessary doubt.
Read also: Expert Predicts Pi Coin Spike to $5: Here’s the Timeline
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.
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