What you need to know about the $PIPE token sale on CoinList

What’s happening?

For the first time, the $PIPE token is available to the community  via a token sale on CoinList ahead of its Token Generation Event (“TGE”) later this fall. 

Why is it important?

The ultimate vision for the Pipe Network is to build a distributed cloud services provider starting by disrupting the incumbent traditional content delivery networks (CDN) using crypto payment rails and a dynamic DePIN infrastructure 

Pipe Network treats each node operator in the network as partners in the  Pipe Network’s ecosystem, thus creating a community-owned and run CDN capable of serving the world’s most demanding streaming services, games, and applications. 

What does it mean for the community? 

This is the first time the $PIPE native token is being made available to the community. The community will play an important role in the future expansion and governance of the Pipe Network as the network moves to decentralize key parts of its infrastructure following the token generation event (TGE). 

$PIPE endeavors to build a self-sustaining ecosystem where users and node operators are continually rewarded for protocol maintenance, providing resources to the network, ensuring customer success, and active community participation. 

Click here to register on CoinList and read on for more info about the upcoming sale. 

Understanding $PIPE

As the native token of the Pipe Network, $PIPE is a transferable token that is either purchased or earned by maintaining high-performing point of presence (PoP) nodes. The token can to be used in the following ways:

• Staking to Improve Node Operator & Network Performance: Node operators stake $PIPE to participate in the network, improving their reputation and likelihood of selection for last mile content delivery. Token holders can also delegate $PIPE to active nodes, creating additional opportunities to earn proportional rewards.

• Converting to Data Credits (DCs) for Payment: Pipe tokens can be burned and converted into Data Credits (DCs), a SPL token, which can then be used to pay for bandwidth, content delivery, or storage. 

• Purchasing Priority Bandwidth & Cache Services: Users can purchase priority bandwidth using DCs to ensure quicker data retrieval. They can also use DCs to pay for priority caching on Pipe CDN PoP (Points of Presence) nodes, ensuring content is always readily available.

• Network Governance: With future updates, the community will be able to use their $PIPE tokens for votes on key network decisions, including protocol upgrades, reward structures, and economic parameters - taking ownership of Pipe Network and its development. 

$PIPE will be incorporated into future web services products as the community and core developers continue to ship complementary products to Pipe CDN in the coming months.  

Click here to read a deep dive into the token’s utility and tokenomics.

Join the Community via the CoinList Sale

Here are the details of the CoinList token sale:

Platform: CoinList

KYC: Mandatory

Start Date: June 26th, 2025, 17:00 UTC

End Date: July 3rd, 2025, 17:00 UTC

Allocated supply: 30,000,000 $PIPE (3% of total community supply)

Minimum purchase limit: $100

Maximum purchase limit: $2,500,000

Purchase options: USDC, USDT

Eligible participants: Not available to users in Canada and certain additional jurisdictions. Please check eligibility on CoinList before registering. US users are required to be accredited investors.

How to participate

Just follow these steps:

1. See if the $PIPE launch is available in the jurisdiction you’re a resident of: https://coinlist.co/legal  

2. Set up your account at CoinList: https://coinlist.co/register 

3. Pass KYC — you will need a compatible personal ID with a photograph and a laptop or smartphone with a camera

4. Top up your CoinList wallet with the desired contribution amount of USDC or USDT. Please make sure to check the minimum / maximum purchase limits.

5. Stay tuned to Pipe Network’s and CoinList’s official channels for more details. 

…and that’s all there is to it!

When the sale closes, CoinList's will allocate tokens following the “filling up from the bottom” mechanism, while others will receive the funds they had committed back. The refund will take about 48 hours. Note that the rules are the same no matter at what point in time you join in.

In case the sale is oversubscribed, you can still join in and contribute. 

Fundamentally, as long as you joined anywhere in the time window between the start and end dates above, your chances of getting your $PIPE are the same no matter when exactly you contributed.

Have questions about the CoinList platform? Check out their FAQ here.

For safety purposes, please note that this is the ONLY token sale of $PIPE tokens. 

There won’t be any surprise airdrops, campaigns on other platforms or launchpads, or airdrops on other platforms at this time. If anything suspicious catches your eye, flag it to the team on Discord or X, and cross-reference all the information on Pipe Network’s official channels.