Pi Network is one of the most widely discussed blockchain projects in recent years. Due to its mobile-based mining approach, Pi has attracted millions of people to join the cryptocurrency revolution without the need for costly hardware because of its mobile-based mining methodology.
The network has now moved to its fully functional mainnet following years of development and a closed testnet period. As the project gets closer to being implemented in the real world, this milestone opens up new possibilities for Pi holders.
If you’re wondering what this means for Pi Coin and how you can make the most of it, here are five key things you need to know.
1. Pi Network’s Vision
Pi Network has been created in a way that cryptocurrency can be accessible to the average person. Bitcoin and other traditional cryptocurrencies take substantial processing effort to mine, but Pi Coin is mined using a mobile app through an energy-efficient process based on the Stellar Consensus Protocol (SCP).
Pi Network’s ultimate objective is to create a decentralized digital economy in which Pi Coin may be utilized in real-world transactions, apps, and services.
2. Mainnet Launch on February 20, 2025
Pi Network is now ready to migrate from a closed network to an open mainnet after multiple delays and years of anticipation. The long-awaited launch, scheduled for February 20, 2025, at 8 AM UTC, bringing Pi Coin closer to full market integration.
Once the mainnet opens, users can transact beyond the Pi ecosystem, trade Pi on listed exchanges, and use it for goods and services in the network’s marketplace.
3. KYC & Token Transfers
To participate in the open mainnet, users must complete Know Your Customer (KYC) verification. Pi Netowker has also extended the Grace Period deadline for KYC (Know Your Customer) verification and Mainnet migration to February 28, 2025.
Users who have successfully passed KYC can transfer their mined Pi to the open mainnet and fully engage in transactions. As of February 2025, Pi Network has around 10 million accounts successfully migrated to the Mainnet.
However, users who fail to complete KYC will face significant limitations, including the inability to transfer Pi tokens externally, restricted participation in the broader ecosystem, and the potential forfeiture of their mined Pi if verification remains incomplete.
4. Pi Coin on Crypto Exchange
With the open mainnet launch, Pi Coin is set to gain wider accessibility, with listings on major crypto exchanges expected. Many exchanges like HTX, Gate.io, and Bitget, have already announced that they will list the Pi Coin on Feb 20.
Binance has launched a community vote to decide whether Pi Coin should be listed on its platform, following strong interest from its users. However, official exchange listings depend on factors like exchange approvals, regulatory compliance, Pi Network’s policies, and market demand.
5. Ecosystem & Adoption
One of the biggest factors determining Pi Coin’s success will be its adoption and real-world usability. The Pi Network team is working to build an ecosystem where users can spend Pi on goods, services, and applications.
Developers can also create dApps on the network, expanding its utility. Currently, 20 Mainnet apps are live, offering various services within the Pi ecosystem. The more businesses and apps adopt Pi, the stronger its demand and value will be.
As the open mainnet launch approaches, Pi Coin moves closer to mainstream adoption. Success will depend on network growth, KYC completion, exchange listings, and real-world use. Pi miners should stay informed, complete KYC, and explore new opportunities.
Also Read : 24 hours to go before Pi launch: Guess Value of 1 $Pi
