.png){kind=logo}
Pi Coin, a digital currency designed for mobile mining, is set to take a major leap with the launch of its open mainnet on February 20, 2025. Developed by Stanford graduates, Pi Network has grown into a massive global community since its inception in 2019. The transition to an open mainnet will introduce external transfers, exchange listings, and support for decentralized applications (dApps), marking a crucial step toward full decentralization.
Pi Network has undergone several phases leading up to its mainnet launch:
Beta Phase (2019): Focused on community building through mobile mining.
Testnet Phase (2020): Period for blockchain developer teams to conduct system performance assessment.
Enclosed Mainnet (2021 - Present): Restricted transactions within the network to refine KYC verification and ensure network security.
Open Mainnet (Launching February 20th, 2025): Full decentralization will allow external transfers and exchange listings.
The upcoming mainnet launch contains several essential features:
Exchange Listings: Pi Coin is expected to get listed on major exchanges like OKX, Binance and a few more.
External Wallet Transfers: Pi Coin can be moved to external wallets for buying actual-world products.
Decentralized Applications (dApps): Developers can build dApps, increasing the utility of Pi Coin.
Crypto enthusiasts show high levels of excitement because of the upcoming mainnet launch. Public statements from the network have previously led to price fluctuations exceeding 70%. After open trading begins Pi Coin is expected to face resistance at specific price points.
To ensure a fully secure transition, Pi Network has implemented several safeguards: They include;
KYC Verification: Millions of users have completed KYC to prevent fraud and comply with regulations.
Node Migration: Reliable contributors will help sustain network integrity.
The process to sell Pi Coins on exchanges starts with these four actions after the mainnet launch.
1. Complete KYC and Migration: Ensure verification is complete for external transfers.
2. Choose a Crypto Exchange: Choose platforms like Binance, OKX, Bitget, MEXC and any other that Pi Coin will be listed on
3. Transfer Pi Coins: Move coins from the Pi Network wallet to the exchange.
4. Sell Pi Coins: Execute market or limit orders on the exchange.
5. Withdraw Funds: Either convert them to fiat currency or hold them in digital form.
User-Friendly Mining: No expensive hardware is required to mine.
Financial Inclusion: Enables participation from underserved regions.
Growing dApp Ecosystem: Encourages innovation and new digital services.
Referral Model Scrutiny: Some people compare it to pyramid schemes.
Delayed Launches: Repeated launch date postponements have left many doubts.
Transparency Issues: Further development and regulatory apprehensions remain.
February 20th, 2025, marks the day when Pi Network mainnet launches. This serves as an important milestone in the world of crypto. By enabling external transfers, exchange listings and dApp development, Pi Coin aims to become a widely used digital currency. As the launch date nears, KYC verification needs to be completed.
