Many ‘Pioneers’ have been mining Pi on their smartphones for years. However, with the specific progress of the Open Mainnet remaining unclear, many may be feeling questions and anxieties like, ‘What’s going to happen to this project?’ or ‘Is my Pi safe?’
In conclusion, looking at the community and project trends, it’s fair to say that Pi Network’s ‘main event’ is yet to begin. However, to truly reap the benefits of that future, there is crucial knowledge that cannot be overlooked.
This article will objectively organize the ‘now’ and ‘future’ of Pi Network based on factual information, thoroughly explaining the particularly important milestone of the ‘Second Migration’, and providing specific and indispensable safety measures to protect your digital assets from scams that aim to steal everything you have, in a way that anyone can understand.
Pi Network’s Current Position: Price Rumors and the Project’s True Focus
First, let’s clarify the current status of prices and rankings, which many are curious about, and confirm the true direction the project is aiming for.
Current Status of IOU Price and Ranking [Fact Check]
Currently, ‘Pi’ is traded on some overseas exchanges, and a price is displayed. However, this is not yet the official Pi Coin that has migrated to the mainnet. This is referred to as ‘Pi IOU (I Owe You),’ a speculative trade expecting to be exchanged for actual Pi once it’s officially listed. Information sites like CoinMarketCap also show this IOU price fluctuating around $0.6, but it’s important to note that this is not a value officially recognized by the project.
More Important Than Price? The Project’s Vision for ‘100 Apps’
In the enthusiastic community, the focus is not on ‘what today’s price is,’ but rather on ‘how Pi can be used in the real world.’ The long-term success of the project depends not on speculative price surges, but on how many practical applications—such as payments and services using Pi—emerge within the ecosystem. A grand vision is currently underway, aiming for a world where Pi can be used in every aspect of daily life.
【Most Important】Don’t Let Your Pi Be Stolen! Safe Use of the Official Wallet
If you believe in the project’s future, the most important action you should take right now is to secure your assets. Unfortunately, scams preying on Pi’s popularity are rampant, exposing many users to the risk of becoming victims. Here, we explain specific and indispensable knowledge to protect your Pi from fraud.
Prevalent Pi-Targeted Scams in Reality
Scammers use every means possible—fake websites, enticing social media ads, official-looking emails—to steal your ‘wallet passphrase.’ The passphrase is the unique master key to access all your assets. Giving this to someone else is the same as, or even more dangerous than, handing over your bank’s ATM card and PIN.
Three Checkpoints to Identify the Genuine ‘Pi Wallet’
The official Pi team has repeatedly warned that you should only enter your passphrase into the ‘genuine’ Pi wallet within the Pi Browser. Please check the following three points with utmost diligence every single time:
- Check the URL: Confirm that the address bar at the top of your browser is unmistakably ‘wallet.pinet.com‘. If even one character is different, it’s a fake.
- Check the Bar Color: The navigation bar (the band at the top) of the genuine wallet is ‘purple.’
- Check the Logo: Confirm that the familiar official Pi logo is displayed within the purple bar.
Never enter your passphrase into any site that does not meet these three conditions. This single piece of knowledge will protect all your assets.
Your Passphrase is the ‘Key to Your Bank Vault’ – Never Share It with Anyone
Pi Core Team members or support will absolutely never ask you for your passphrase. Sweet words like ‘I’ll unlock it for you’ or ‘I’ll migrate it for you’ are all scams. Your passphrase is the most critical secret information that only you should know.
Roadmap to the Future: ‘The Trailer Hasn’t Even Started Yet’
Pi Network is said to be still in the early stages of its grand plan. Let’s look at the important steps planned for the future that may determine the project’s value.
What is the Next Big Step: ‘Second Migration’?
Currently, many Pioneers are eagerly awaiting the ‘Second Migration.’ The community has reported movements suggesting its commencement, raising expectations.
The most significant difference from the First Migration is that coins are not automatically locked up. In the Second Migration, it is said that users will be able to choose whether to lock up their migrating coins for a certain period to increase their mining rate, or to make them available immediately as ‘transferable balance’ without locking them.
Will Past Contributions Take Shape? ‘Validator Rewards’ and Other Plans
In Pi Network, there is a role called ‘Validator’ who helps other users with KYC (Know Your Customer). Plans are underway to give Pi as a reward to users who contribute to this verification process.
In addition, many other milestones remain for the project to achieve, such as listing on major exchanges like Binance and the full-scale deployment of the aforementioned ‘100 Applications,’ and further progress is anticipated.
Understanding Your Asset Breakdown: Three Types of Balances in Pi
Many people might look at the app’s Mainnet screen and feel confused by the different types of balances. Let’s organize your asset breakdown here:
- Unverified Balance: This is the Pi earned from team members you invited who have not yet completed KYC. This balance will not become yours until they complete KYC.
- Transferable Balance: This is the Pi that you yourself have mined, or earned from team members who have completed KYC, and has become ready to migrate to your Mainnet wallet. The Second Migration will primarily target this balance.
- Migrated Balance: This is the Pi that has already completed migration to your Pi wallet, for example, through the First Migration. If you have set a lock-up period, you cannot move it until that period ends.
Conclusion: Future Expectations and What You Should Do Now
There is no doubt that Pi Network is a long-term project with a grand vision. Important steps, such as the Second Migration, are pending for the full activation of the ecosystem, which could be considered the ‘main event.’
However, if you expect a big bloom in the future, it is most important to secure your assets right now. Even if the value of Pi increases significantly, it will be meaningless if it is lost instantly due to scams.
First, thoroughly apply the ‘Three Checkpoints’ learned in this article and re-evaluate your wallet usage habits. Then, carefully monitor official announcements and safely support the project’s future.