5 Key Facts About Pi Network and Pi Coin You Should Know

Pi Network is 1 of the astir wide discussed blockchain projects successful caller years. Due to its mobile-based mining approach, Pi has attracted millions of radical to articulation the cryptocurrency gyration without the request for costly hardware due to the fact that of its mobile-based mining methodology. 

The web has present moved to its afloat functional mainnet pursuing years of improvement and a closed testnet period. As the task gets person to being implemented successful the existent world, this milestone opens up caller possibilities for Pi holders.

If you’re wondering what this means for Pi Coin and however you tin marque the astir of it, present are 5 cardinal things you request to know.

1. Pi Network’s Vision

Pi Network has been created successful a mode that cryptocurrency tin beryllium accessible to the mean person. Bitcoin and different accepted cryptocurrencies instrumentality important processing effort to mine,  but Pi Coin is mined utilizing a mobile app done an energy-efficient process based connected the Stellar Consensus Protocol (SCP).

Pi Network’s eventual nonsubjective is to make a decentralized integer system successful which Pi Coin whitethorn beryllium utilized successful real-world transactions, apps, and services.

2. Mainnet Launch connected February 20, 2025

Pi Network is present acceptable to migrate from a closed web to an unfastened mainnet aft aggregate delays and years of anticipation. The long-awaited launch, scheduled for February 20, 2025, astatine 8 AM UTC, bringing Pi Coin person to afloat marketplace integration.

Once the mainnet opens, users tin transact beyond the Pi ecosystem, commercialized Pi connected listed exchanges, and usage it for goods and services successful the network’s marketplace.

3. KYC & Token Transfers

To enactment successful the unfastened mainnet, users indispensable implicit Know Your Customer (KYC) verification. Pi Netowker has besides extended the Grace Period deadline for KYC (Know Your Customer) verification and Mainnet migration to February 28, 2025. 

Users who person successfully passed KYC tin transportation their mined Pi to the unfastened mainnet and afloat prosecute successful transactions. As of February 2025, Pi Network has astir 10 cardinal accounts successfully migrated to the Mainnet.

However, users who neglect to implicit KYC volition look important limitations, including the inability to transportation Pi tokens externally, restricted information successful the broader ecosystem, and the imaginable forfeiture of their mined Pi if verification remains incomplete.

4. Pi Coin connected Crypto Exchange 

With the unfastened mainnet launch, Pi Coin is acceptable to summation wider accessibility, with listings connected large crypto exchanges expected. Many exchanges similar HTX, Gate.io, and Bitget, person already announced that they volition database the Pi Coin connected Feb 20.

Binance has launched a assemblage vote to determine whether Pi Coin should beryllium listed connected its platform, pursuing beardown involvement from its users. However, authoritative speech listings beryllium connected factors similar speech approvals, regulatory compliance, Pi Network’s policies, and marketplace demand.

5. Ecosystem & Adoption

One of the biggest factors determining Pi Coin’s occurrence volition beryllium its adoption and real-world usability. The Pi Network squad is moving to physique an ecosystem wherever users tin walk Pi connected goods, services, and applications.

Developers tin besides make dApps connected the network, expanding its utility. Currently, 20 Mainnet apps are live, offering assorted services wrong the Pi ecosystem. The much businesses and apps follow Pi, the stronger its request and worth volition be.

As the unfastened mainnet motorboat approaches, Pi Coin moves person to mainstream adoption. Success volition beryllium connected web growth, KYC completion, speech listings, and real-world use. Pi miners should enactment informed, implicit KYC, and research caller opportunities.

Also Read : 24 hours to spell earlier Pi launch: Guess Value of 1 $Pi