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What’s Happening with the Core Team’s Wallet? Rumored Coin Movement and Transparency Issues Explained Simply

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多くの期待と注目を集める暗号通貨プロジェクト「Pi Network」。その手軽さから多くのユーザーが参加していますが、最近、その運営主体であるコアチーム（Core Team）の資金管理に関して、コミュニティの一部から気になる情報や憶測が飛び交っています。この記事では、現在どのような情報が出ているのか、その背景にある「透明性」という重要な観点、そして私たちユーザーがこの情報とどう向き合うべきかを、専門知識がない方にも分かりやすく解説します。

Introduction: Pi Network and the ‘Concerning Rumors’ Circulating Recently

Pi Network is characterized by its ease of participation in mining using a smartphone, and it has gathered many participants worldwide. While there are voices expressing great expectations for its future, various opinions and questions are sometimes raised by the community regarding the project’s progress and operational policies. Particularly recently, some voices have been raised suggesting that there may have been large-scale fund movements between Pi Coin wallets managed by the Pi Network Core Team, and that the information disclosure regarding this may not be sufficient.

New technologies and projects are always accompanied by uncertainty alongside expectations. For those who have expectations for Pi Network, information regarding operational transparency like this is likely a particular concern. Some may have questions like, ‘Is the value of my Pi Coin okay?’ or ‘Can I trust the operations?’ We hope this article will help resolve such questions and assist in calmly judging the information.

Origin of the Rumor: Large-Scale Pi Coin Movement? What CDR Altcoin’s Allegations Are

What specific fund movements are being pointed out? One of the origins of the information is posts on social media and other platforms by a person (or group) under the name ‘CDR Altcoin‘. According to their claims, a very large amount of Pi Coin is being moved between wallets believed to be related to the operation of Pi Network.

For example, the following points are being made (these are solely the claims of CDR Altcoin and are not information officially acknowledged by Pi Network).

  • Several months ago, over 5 billion Pi Coins were moved from a wallet referred to as ‘Pi Foundation 1’ to a wallet referred to as ‘Pi Foundation 3’.
  • Subsequently, hundreds of millions of Pi Coins were moved multiple times from ‘Pi Foundation 3’ to a wallet referred to as ‘Pi Foundation 2’.
  • As a result, while some wallets still hold billions of Pi Coins, the exact whereabouts and purpose of some of the coins that were allegedly moved (said to be hundreds of millions of Pi) are not easily visible to the community.

As a basis for these allegations, the website ‘piscan.info‘ is sometimes referenced. This site is said to be one of the ‘blockchain explorers’ that allows viewing transaction history on the Pi Network blockchain. While a blockchain explorer itself is a tool to increase transaction transparency, accurately interpreting the data displayed there requires specialized knowledge, and identifying the owner of a wallet is generally difficult.

You might wonder, ‘How accurate are CDR Altcoin’s allegations?’ or ‘Is the information on piscan.info really true?’ At present, it seems that no official statement or detailed explanation regarding this information has been made by the Pi Network Core Team (to the general public). Therefore, it is currently a situation where ‘such claims and information are circulating in some circles’.

Why the Voices of Concern? The ‘Transparency’ of the Pi Network Core Team is Questioned

In a cryptocurrency project, it is not necessarily abnormal for the operating team to manage funds for the maintenance and development of the project and to move funds between wallets as needed. For example, various legitimate reasons can be considered, such as development funds, marketing costs, or ensuring liquidity for future exchange listings.

So, why is it that in the case of Pi Network, some community members are raising concerns and strongly questioning ‘transparency‘? The following points can be considered as the background.

  • Lack of Information Disclosure: Even if there were large-scale fund movements, if the purpose, reasons, and future plans are not clearly explained by the Core Team to the community, it is likely to generate speculation and anxiety. These are doubts like, ‘Why was such a large amount of money moved?’ or ‘Is there something happening that we users are not being told?’
  • Trust Relationship with the Community: Especially in projects like Pi Network, which are built upon the participation and contribution of many general users, the trust relationship between the operation and the community is extremely important. Highly transparent information disclosure can be said to be an indispensable element in building that trust.
  • Caution from Past Cases: Unfortunately, in the history of cryptocurrency, there have been cases where opaque fund manipulation by the operation led to project failure. For those who are aware of such past cases, even if there is a legitimate reason for fund movement, insufficient information disclosure may easily lead to caution.

Among the background information, there was also a point made that the Pi Network Core Team holds over 10,000 wallets and sub-wallets, but only a small portion is easily traceable by the community. If this is true, then proactive information disclosure is even more strongly required.

In cryptocurrency projects, especially those with a centralized management entity, the transparency of its operation is an important factor that affects the project’s credibility and, consequently, the coin’s value. Sincere communication from the operating side is expected to prevent users from feeling such anxiety as ‘Is something bad happening without us knowing…’

How Should We Interpret This Information and What Should We Do?

When encountering such information, some people may feel anxious, thinking, ‘Is Pi Network really okay?’ or ‘Could this be a dangerous sign?’ I understand how you feel. However, what is important here is to not be swayed by speculation or emotional arguments, but to calmly examine the information and make your own judgment.

So, what specific stance should we users take, and how should we act? Let’s organize a few points.

  1. First, calmly check the information from multiple perspectives

    Information like this can spread rapidly on social media, some news sites, and personal blogs. However, it is necessary to carefully discern whether the information is truly accurate and based on objective evidence. It is important not to blindly believe a single source of information, but to refer to multiple sources (especially highly reliable ones) and compare and examine the content.

  2. Check Information from Pi Network Official Sources

    The most reliable information is, after all, what the Core Team itself disseminates, such as on the official Pi Network website, official social media accounts, and in-app announcements. If there is an official statement or explanation regarding the allegations of fund movement like this, that will be the most important basis for judgment. Let’s make it a habit to regularly check the official channels.

  3. Pay Attention to Community Trends and Healthy Discussion

    In online communities and forums related to Pi Network, various information exchanges and discussions take place. Knowing how other users think and what information they have can be helpful. However, information within the community is also a mixed bag. It is important to be cautious of emotional opinions, unfounded rumors, and statements that incite excessive expectations, and to maintain a calm perspective.

  4. Reconfirm Your Own Judgment and Risk Tolerance

    Ultimately, how you judge and act is up to you. It might be a good idea to reconsider your purpose for participating in Pi Network and your risk tolerance in case the project does not proceed as expected.

You might be confused by the many technical terms, but it’s okay. Try to gather information without rushing, with the mindset of ‘Let’s look at it one by one’.

Summary: What We Should Pay Attention to Regarding the Future of Pi Network

The series of information and allegations regarding the Pi Network Core Team’s fund movements discussed in this article may serve as an opportunity for us users to reconsider the project’s credibility and future prospects.

At this point, it is impossible to definitively say whether all of CDR Altcoin’s allegations are true or what their intentions are. However, it is certain that the background behind the emergence of such information is the community’s expectation for the method of information disclosure and transparency in Pi Network’s operations.

As Pi Network aims for mainnet open access and exchange listings in the future, operational transparency and good communication with the community will become increasingly important. We hope that this matter will develop in a positive direction and that Pi Network will grow into a more trusted project.

As users, we are required to continue paying attention to official Pi Network announcements and calmly observe the project’s developments. ‘If you keep these points in mind, you will surely be able to make wise decisions.’

The Future of Pi Network: Expectations After Open Mainnet and the Reality in 5 Years? Expert Analysis Explained

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Pi Network, which is gaining attention for easy mining on smartphones. Many people probably have questions and expectations like, “Will it really gain value?” or “When will it become fully usable?” This article will **explain in an easy-to-understand way for beginners** the **future Pi Network aims for after the Open Mainnet migration**, which many users are eagerly awaiting, and the **realistic path** to reach it, including statements from the founder at the international conference “Consensus 2025”. Let’s explore together the grand possibilities of Pi Network and the challenges that need to be overcome

Pi Network’s Current Position: Expectations and Reality for Open Mainnet

First, let’s clarify the basics: what stage Pi Network is currently in, and what exactly is the “Open Mainnet” that many people are eagerly awaiting. Understanding this is the crucial first step to deciphering the future of Pi Network.

As of May 2025, Pi Network is in the “Enclosed Network” phase. This refers to a state where the Pi blockchain itself is operational, but connections with external blockchains and exchanges are restricted. Users who complete KYC (identity verification) can transfer their mined Pi to their wallet on the mainnet, but they cannot yet freely transact with the outside world.

The project aims to transition to the “Open Mainnet” beyond that. When this is achieved, Pi Network will be connected to external networks, and there will be a possibility for Pi coins to be exchanged for other cryptocurrencies or fiat currencies on supported exchanges. This is truly the stage where the Pi Network ecosystem will fully connect with society and begin to demonstrate its true value.

The biggest point of interest is “When will it transition to the Open Mainnet?” According to official Pi Network announcements, the policy is to proceed with the transition cautiously after meeting several conditions (such as widespread KYC adoption and ecosystem maturity). While there is various information regarding the timing, the project team seems to prioritize the community’s readiness.

Announcement at Consensus 2025: The Founder Speaks on Pi Network’s Vision

Known as an international cryptocurrency conference held in 2025, “Consensus”. The content reportedly shared by Dr. Nicolas Kokkalis, the founder of Pi Network, about the project’s future at this event provides important clues for us to understand the direction Pi Network is heading.

Dr. Kokkalis spoke powerfully about the potential for **integration with AI (Artificial Intelligence)** and an **ecosystem consisting of thousands of applications (DApps)** deployed on Pi Network. This suggests that Pi Network is aiming to evolve beyond the realm of a simple cryptocurrency into a broader digital platform.

Particularly noteworthy is the construction of an ecosystem centered around **DApps (Decentralized Applications)**. This refers to new forms of services and platforms where users can interact directly with each other, without relying on specific companies or organizations. For example, this could include marketplaces using Pi, decentralized social media, or entirely new types of games. Dr. Kokkalis’s vision may indicate that Pi Network aims to provide tangible value to our daily lives and businesses through these DApps.

Furthermore, Pi Network also emphasizes its aspect as a “network of people” and seems to value a decentralized worldview that grows through the power of the community. The founder speaking directly about the vision at an event like Consensus can be said to be very significant in boosting community morale and deepening trust in the project.

The Path “Until Pi Network Truly Gains Value”

While there are high expectations for Pi Network, some experts calmly point out that there is still time and many challenges to overcome before the project establishes true value and builds a sustainable ecosystem. A cryptocurrency analyst referred to as “Dr. Altcoin” in YouTube content analyzes this path from a more realistic perspective. His opinion may be helpful for us to maintain a long-term view.

Perhaps some of you feel, “New technologies often sound like dreams at first, but it’s quite challenging until they become actually usable…” That’s exactly right, and Pi Network is no exception.

Lots of Apps, But Are the “Real Ones” Yet to Come? Current State and Challenges of DApps

It is said that many DApps already exist in the Pi Network ecosystem. While this might sound wonderful at first glance, Dr. Altcoin points out the possibility that many of these are still under development or are in a “half-baked” (incomplete) state lacking sufficient funding or clear direction.

This is because there is a view that Pi Network has not yet sufficiently established a **full-fledged venture support system (funding, technical guidance, marketing support, etc.)** to help promising development teams elevate their ideas into practical applications. No matter how brilliant an idea is, without a system to support it, the risk of many projects failing midway cannot be denied.

The Indispensable “Funding” and “Time” to Shape Ideas

So, assuming such a support system is in place, how long would it take for funding to reach promising projects? Dr. Altcoin’s analysis suggests that **project review and selection alone could take 6 to 12 months**, and it could take an **additional 3 to 6 months for funding to actually be provided**. This means that even if a brilliant idea is born today, it is entirely possible that it could take over a year before development funding is secured and the project truly gets underway.

This is not limited to Pi Network; it’s a common process when launching new projects. However, for users who are hoping, “I wish I could buy something with Pi soon?”, it might feel a bit long.

High-Quality DApp Development Requires Years

And even after securing funding, high-quality DApps won’t be completed immediately. Think about the convenient smartphone apps you use daily, such as messaging apps, shopping apps, or map apps. Those have undergone numerous updates after their release, listening to user feedback, and have taken many years to become the user-friendly forms they are today.

Dr. Altcoin believes that for DApps provided on Pi Network to grow beyond a simple MVP (Minimum Viable Product) with basic functions and become a **”polished” platform with scalability, integration with the real world, and the ability to attract even general users unfamiliar with cryptocurrency**, it will require **at least 1 to 2 years of development time**. This means that, counting from funding acquisition, a considerable amount of time is expected before truly practical DApps appear.

A Timeframe of “2.5 to 5 Years”

Considering these factors comprehensively, Dr. Altcoin predicts that it could take **approximately 2.5 to 5 years for Pi Network to complete a full-fledged ecosystem** equipped with mature DApps and practical use cases, and to be accepted by a wide range of users.

You might be surprised and think, “Wow, that long?” However, this is by no means a pessimistic figure; it can be said to be a very standard timeframe in the world of blockchain technology and new technologies. For example, even successful platforms like Ethereum took many years from their launch to build their current position. Perhaps what’s important is to watch the project’s growth with a long-term perspective, without rushing.

What Will Happen to Pi Coin’s Price? Expert Short-Term and Long-Term Predictions

When considering the future potential of Pi Network, perhaps the most concerning point is, “What will the price of Pi coin ultimately be?” There are various opinions on this, but let’s consider the short-term possibilities and long-term value by referencing Dr. Altcoin’s view.

Potential for Short-Term Price Spike Due to Exchange Listing and Points to Note

Dr. Altcoin predicts that if Pi coin is listed on a major cryptocurrency exchange in the near future, there is a **possibility that the token price could temporarily surge to around 2 to 3 dollars**. This would be big news for the community and might serve as material to overturn some skeptical views.

However, he simultaneously warns that this is primarily a **”typical cryptocurrency pump” driven by market expectations and speculative movements**, and if it is not accompanied by the actual value of the ecosystem, there is a risk that the price could fall just as quickly as it rose. It requires calm judgment, without being swept away by short-term enthusiasm like “everyone else is buying, so I will too.”

In fact, even now, before the Open Mainnet migration, Pi IOUs (I Owe You) are being traded on some exchanges, and their price shows very large fluctuations. According to source information, it’s a rollercoaster-like movement, with a rise of over 14% in the last month, followed by an 18% drop in the last 24 hours, and a further drop of nearly 3% in the last hour. This indicates how unstable the market is and how expectations and anxieties are intertwined.

True Value is Created by Being “Used”

In order to stabilize and increase the value of Pi coin in the long term, it is essential that the **Pi Network ecosystem matures and Pi coin is actually used for various goods, services, and value exchange**. It is only when attractive DApps and services appear that make people feel they “really want to use” Pi, and it becomes used in daily life, that true demand, not speculation, will be born, and the price is expected to stabilize.

The basic economic principle, “Ultimately, a new currency only gains value when everyone uses it,” applies here as well.

[Summary] What You Should Know If You Believe in Pi Network’s Future: Dreams, Reality, and Time

Up to this point, we have looked at the expectations for the future that Pi Network envisions and the realistic challenges and timeline to reach it, from various angles. Finally, let’s summarize some hints on how we should approach this grand project.

Pi Network has built a large user community around the world, called “Pioneers,” with its innovative approach that allows anyone to participate with just a smartphone. Their enthusiasm and expectations are a great driving force for the project.

The Importance of a Long-Term Perspective, Not “Getting Rich Quick”

However, as Dr. Altcoin’s analysis shows, it is important to understand the **possibility that it will take a long time, measured in years**, for Pi Network to build a truly mature ecosystem and for its value to be widely recognized by society. This does not mean that “Pi Network will fail,” but rather indicates the reality that “true value is not created overnight.”

If you have expectations for the future of Pi Network, it will be important to support it not only with a short-term perspective of “maybe I can get rich quick,” but also with a **long-term perspective of “what new value will this project be creating in a few years?”**

Are You Also a Part of Creating Pi Network’s Future?

The unique aspect of Pi Network is that its growth heavily depends on community participation and contribution. People who develop DApps, people who use them, people who trade goods and services using Pi, or people who spread information about Pi Network. In various ways, many people will be involved in the development of the ecosystem.

If you feel, “Maybe there’s something I can do too?”, it might be a good idea to follow information about Pi Network and participate in the community. Being involved in the dawn of a new technology is sure to be an exciting experience.

Next Step: Continue Gathering Information

The situation surrounding Pi Network is changing day by day. The content introduced in this article is merely information at the current time and one expert’s opinion.

After reading this article, did you feel like you wanted to know more about Pi Network? By all means, make it a habit to **always check the latest information on the official Pi Network website and reliable sources (such as the official blog or forums)**. And it might be interesting to think carefully about how you yourself can be involved in the future of Pi Network and what possibilities you feel.

Pi Network is a project still on its journey, with a grand vision. Many difficulties and unexpected events are surely waiting along the way. However, the progress of technology, the power of the global community, and above all, the element of “**time**” hold the potential to gradually turn that grand dream into reality.

If this article helps you understand the new technology trend of Pi Network more deeply and maintain a balanced perspective of expectations and reality regarding its future, nothing would make me happier. Without rushing, let’s patiently watch the future of this unique project together.

Nicholas Kokkalis at Consensus 2025: Pi Network’s ‘Foundation of Trust in the AI Era’ – KYC, Value Distribution, and Future Vision

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Hello Pioneers! Pi Network founder Dr. Nicolas Kokkalis spoke at the global technology conference Consensus 2025, and powerfully spoke about the future woven by AI and blockchain, and the important role Pi Network is to play within it. Dr. Nicolas’s words at this historic conference brightly illuminated the path forward for Pi Network and were highly insightful for us Pioneers.

In this article, we will extract the key points from Dr. Nicolas’s valuable remarks that are particularly important for us Pioneers, and delve into their true meaning by deeply connecting them with Pi Network’s philosophy and the future it aims for. In the coming era where AI will permeate every aspect of society, the meaning of our daily mining and your cooperation with the KYC process. Why Pi Network is so committed to “Proof of Real Human” and why it aims for “Fair Distribution of Value”. And what lies beyond that, the prosperity of the ecosystem through “Great Products”? Nicolas’s words should further deepen our conviction in the future of Pi Network that we have built together. Now, let’s get to the core together!

How Far Has AI Come? Nicolas Talks About “What’s Truly Important Now”

It’s been a long time since people started saying “AI will change the world,” but in reality, what stage is AI technology at now? Dr. Nicolas explained the current state of AI, especially Generative AI, very clearly by comparing it to historical inventions.

“Historically, there is a slight time lag between the invention of a new technology and its widespread adoption. When it comes to Generative AI, and AI in general, we are currently in such a period. Technology has made tremendous progress, but it’s like the era when electricity or the internal combustion engine were invented, but not every home had electricity yet, or not everyone owned a car. What’s truly important is to use these technologies to create great applications and products. What those specific products will be is not yet fully known. That’s why now is an exciting time.”

These words suggest that Pi Network is not just pursuing new technology, but is focused on how to embody that technology as a practical and valuable “ecosystem”. The potential of technology is immeasurable, but it’s meaningless unless it takes a concrete form that enriches people’s lives. Pi Network’s encouragement of diverse Pi Apps development on its platform is precisely based on this philosophy.

Why Pi Network Insists on KYC? The Absolute Value of “Proof of Humanity” in the AI Era

Familiar to you Pioneers is the KYC (Know Your Customer) process. Sometimes you may have had to wait patiently for the process to complete, or experienced inconvenience. Why does Pi Network insist on implementing such strict KYC on a scale of hundreds of thousands, even millions? At Consensus 2025, Dr. Nicolas explained the clear reasons for this, along with the vision of the coming AI era.

“As Generative AI evolves further, distinguishing between real humans and AI has become much more difficult than before. Previous AI was somewhat awkward, but that’s no longer the case. That’s why I chose a unique approach. It is a process where each individual undergoes identity verification, including actions like shaking their head left and right. This approach, especially in a future where we wish to distinguish between 1000 bots and 1000 real humans, I believe will be very useful. Identifying these humans will be essential, especially in applications where we want to distribute value very fairly and transparently.”

This statement is striking. In a future where AI can generate text, images, and even videos that are indistinguishable from those created by humans, the question “Is the person on the other side of the screen really human?” becomes a major challenge for society as a whole. The risks are immeasurable, including misinformation, impersonation, and system abuse by bots. In such an era, the “large-scale network of KYC-verified humans” that Pi Network has built with time and effort is truly an “infrastructure of trust”, radiating value.

Pi Network’s KYC is not just for regulatory compliance or fraud prevention. It is Pi Network’s investment in the future, aimed at protecting and nurturing the fundamental value of “Proof of Humanity”, which will become increasingly important in the coming society.

“In Whose Hands is the Value?” Nicolas’s Vision for Fair Value Distribution in the AI Era and Pi Network’s Role

An era full of potential for AI to generate new value one after another. However, if those benefits were to be monopolized by a few giant tech companies or a handful of people, would that be the future we desire? Dr. Nicolas strongly reiterated the importance of the philosophy of “Fair Distribution of Value”, which Pi Network has consistently advocated since its founding, in the context of the AI era.

“In a future where more work will be done by AI and agents, it is important to ensure that the value is not monopolized by a small number of individuals or companies, but rather distributed among many people. Founders of projects like Pi Network and other like-minded projects should consider how we can contribute to this value distribution.”

These words deeply resonate with Pi Network’s core philosophy of “cryptocurrency accessible to everyone” and “returning value to Pioneers.” Pi Network has taken an approach that overturns the conventional wisdom of cryptocurrency, where anyone with just a smartphone can participate in mining and earn rewards by contributing to the network’s growth. This is precisely an expression of Dr. Nicolas’s strong will to deliver the value created by new technology not just to a few experts or capitalists, but to a wider range of ordinary people.

Precisely because AI has the potential to significantly transform social structures and economic activities, the decentralized ecosystem where many people participate and are rewarded according to their contributions that Pi Network aims for could become a powerful model for realizing fair value distribution in the new era.

“A Network of Tens of Millions of Humans” is Pi Network’s Strength: Nicolas Talks About Empowerment

What is Pi Network’s greatest strength? Advanced technology? Unique consensus algorithm? Of course, these are also important, but what Dr. Nicolas particularly emphasized at Consensus 2025 is Pi Network’s unparalleled asset, namely, “a network of tens of millions of humans whose existence is proven by KYC”.

“A network with many people will naturally be led to success by empowering them and helping them create other value.”

These words clearly indicate that Pi Network’s user base is not just a “number”, but a “force”. Each individual Pioneer actively participates, trusts the network, and becomes an active agent in the future Pi ecosystem. This massive community of real humans is the most fertile ground for new applications and services to be born and grow, and for the Pi cryptocurrency to hold true value.

While many other projects struggle with user acquisition, Pi Network has already built this strong foundation. This fact strongly suggests that Pi Network has the potential to deploy innovative services in various fields and make a significant impact on society in the future.

Towards “Great Products” That Create the Future: The Pi Ecosystem’s Next Challenge

No matter how wonderful the technology or how noble the philosophy, it cannot create true value unless it reaches people’s hands as concrete “products” or “services” that make daily life better, more convenient, and more enjoyable. At the end of his speech, Dr. Nicolas spoke about his passion for the future of the Pi Network ecosystem and its clear goals.

“People need to build great applications, great products. If you have great products, everything else will follow. And now is a great opportunity to build great products using Generative AI.”

This message indicates the direction that Pi Network is currently, and will continue to, focus on the most. That is, for developers, including the Pioneers themselves, to create numerous innovative and practical applications (Pi Apps) on the Pi platform. There are infinite areas where the characteristics of Pi’s massive KYC-verified network and cryptocurrency can be leveraged, such as games, social media, education, commerce, and financial services.

You Pioneers are also companions in co-creating these “great products”, not just by mining, but by brainstorming ideas, participating in development, or actively using promising apps. The true value of Pi Network is being built by our own hands.

Summary: Building Pi Network in the AI Era Together with Pioneers – Keeping Nicolas’s Words in Mind

Dr. Nicolas Kokkalis’s remarks at Consensus 2025 powerfully reaffirmed the significance of Pi Network, which we Pioneers have believed in and worked on daily, and its grand vision for the future.

In an era where AI is evolving and the boundaries between digital and real are becoming blurred, the “Proof of Humanity” through strict KYC that Pi Network has built over many years holds unparalleled absolute value. And the principle of “fairly distributing value”, the Pi Network philosophy of not concentrating the immense wealth that AI will likely generate in the hands of a few, will become increasingly important. To achieve this, it is necessary for “great products” that enrich our lives to flourish on the Pi Network platform.

All of this can only be realized through the daily taps, KYC cooperation, and active participation and contribution to the Pi ecosystem by each and every one of us Pioneers. Keeping Dr. Nicolas’s words in mind, let us continue our journey of believing in Pi Network’s grand vision and building the future together. The story of Pi Network has just begun!

Is the Pi Network Binance Listing Rumor True? An Expert Explains the Truth Behind the ‘Logo Controversy’ and Future Outlook!

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Introduction: Pi Network, Mineable on Smartphones, Rumors of Listing on Major Exchange Binance Surfacing Rapidly?

Pi Network, which has been gaining users worldwide as a cryptocurrency that can be “easily mined on smartphones,” has recently garnered significant attention due to rumors circulating mainly on social media that it might be listed on Binance, one of the world’s largest cryptocurrency exchanges. This article aims to help you, a business person knowledgeable about IT and technology trends, correctly understand this information and make informed decisions. We will delve into the origins of the rumors, the current facts, and future prospects from an expert perspective, explaining everything clearly and in depth. We will address both the expectation of “maybe something is happening…” and the question of “is it really okay?”.

Origin of the Rumor: The “π” Logo in a Binance Social Media Post? What Exactly Happened?

The source of the recent stir is a post allegedly from Binance’s official X (formerly Twitter) account, which contained multiple marks resembling the Pi Network logo “π (Pi)”. Seeing this, excited voices spread, saying, “Is this finally a sign of listing!”. In this section, let’s objectively organize the facts about what kind of post it was specifically and how the community reacted.

Link to the actual post

What was the content of the trending social media post?

According to source information and some overseas media, Binance’s official account posted an image with an arrangement of the Binance logo, accompanied by a caption to the effect of “This is what happens when a developer with zero design sense touches art.” Some users began pointing out that multiple symbols closely resembling the Pi Network’s “π” logo were cleverly placed within that image. (You can confirm this by zooming in on the image at the top of the blog.) This became the trigger for speculation to rapidly spread that “Binance might be hinting at a Pi Network listing?” It was reported that the comment section of that post was indeed flooded with expectant voices like “When is the Pi listing?” and “This is about Pi!”.

Perhaps some of you felt, “Could something big be happening?”.

Does the “π” mark really indicate Pi Network? Various interpretations

Certainly, the pointed-out mark closely resembles the Pi Network logo. However, it is currently impossible to definitively say whether this was a “hidden message” intended to signal a Pi Network listing, or merely a coincidence in the design, or perhaps a joke with a different meaning. In the world of cryptocurrency, information like this “puzzle-solving” often excites the community, but until there is official confirmation, it remains purely in the realm of speculation.

Community Enthusiasm and Voices of Expectation

Pi Network has a large number of users (called Pioneers) worldwide due to its ease of use. For them, having the Pi coins they have been mining listed on a giant exchange like Binance means a significant step towards their value being publicly recognized and becoming tradable. Therefore, it is natural for expectations to swell greatly even with just a slight indication. However, the greater the expectation, the more important it is to gather information calmly.

【Fact Check】Official Announcements from Binance and Pi Network Management? Calmly Confirm the Current Situation

Let’s put aside the excitement on social media for a moment and check the most important “official information.” Have Binance or the Pi Core Team, the management body of Pi Network, made any official comments or announcements regarding this matter? To avoid being swayed by speculation, let’s grasp the current situation based on reliable sources.

Results of Investigation into Binance’s Official Website and Official Social Media

As of the time of writing this article (May 16, 2025), there is no information on Binance’s official website or official X account formally announcing a specific listing plan for Pi Network. Regarding the trending social media post, Binance has not officially acknowledged that it intended to hint at a Pi Network listing. Binance has conducted community polls in the past asking users if they would like Pi Network to be listed, but this does not directly lead to a listing promise.

Some unconfirmed information is circulating that Binance is conducting deposit and withdrawal tests for Pi Network, but this has also not been officially confirmed.

Official Statement from Pi Network Management (Pi Core Team)?

On the other hand, the Pi Core Team, the management entity of Pi Network, has also made no official announcement regarding a specific listing on Binance at this time. Pi Network is currently in the process of preparing for the transition to “Open Mainnet,” a crucial milestone for the project. The Open Mainnet means that the Pi Network blockchain will be connected to external networks, allowing Pi coins to be moved freely.

The Pi Core Team has shown signs of steady progress, such as announcing a $100 million venture fund for ecosystem development and moving to shut down central nodes to promote decentralization. However, these actions do not immediately mean a listing on Binance.

What does it mean for a cryptocurrency to be “listed” on an exchange? The general process and the importance of KYC/KYB

Here, let’s briefly supplement the term “listing.” When a cryptocurrency is listed on an exchange, it is similar to a company’s stock becoming tradable on a stock exchange. This makes the cryptocurrency known to more people, increases opportunities for buying and selling, and generally enhances liquidity (ease of trading).

When an exchange lists a new cryptocurrency, it rigorously screens the project’s reliability, technical safety, future potential, and compliance with legal regulations. Particularly important are KYC (Know Your Customer) and KYB (Know Your Business). These are procedures to clearly identify individuals participating in transactions and project management organizations, and to prevent fraudulent activities such as money laundering. For Pi Network to be listed on a major exchange like Binance, it needs to clear these screening criteria. The source video speculated that Binance was asking Pi Network to submit KYB, but Binance might lack the “face” to apply, but generally, the project side applies to the exchange for listing and undergoes screening.

Why is there so much attention? The Background of Pi Network and Binance

Even if there is no official announcement at this point and it is still in the speculation phase, there are reasons why the rumor of Pi Network listing on Binance has become such a big topic. We will explain the uniqueness of Pi Network, the huge influence of the Binance exchange, and the “hope for the future” that many people hold.

What is Pi Network? The Mechanism of Smartphone Mining and a Grand Vision (Brief Explanation)

Pi Network is a project launched in 2019 by a team with PhDs from Stanford University. Its biggest feature is that anyone can easily “mine” Pi coins using a smartphone app. Normally, mining cryptocurrencies like Bitcoin requires high-performance computers and a large amount of electricity, but Pi Network is said to be able to participate with almost no smartphone battery consumption due to its unique mechanism (such as an improved version of the Stellar Consensus Protocol).

Due to its ease of use, it has gained tens of millions of users worldwide according to official announcements, and Pi Network aims to build a “decentralized digital currency and ecosystem accessible to everyone.” It is currently still under development, and the full-scale use and exchange of mined Pi coins are expected to be possible after the aforementioned Open Mainnet transition.

What is Binance? The Influence of One of the World’s Largest Cryptocurrency Exchanges

On the other hand, Binance, founded in 2017, is one of the world’s largest cryptocurrency exchanges by daily trading volume. It has an overwhelming presence in the cryptocurrency industry in terms of the variety of listed assets, high trading volume, and global reach. It also provides services in Japan as Binance Japan, which is licensed by the Financial Services Agency. Listing a new cryptocurrency on Binance is often expected to be a significant sign of credibility for the project and have a positive impact on its price.

“What if the Pi coins I’ve been diligently accumulating could be traded on Binance…?” Thinking about that makes you excited, doesn’t it?

If Listing Were to Happen… Expected Benefits and Potential Risks

If Pi Network were to be listed on Binance, the following benefits could be expected:

  • Increased Liquidity: More people wanting to buy and sell Pi coins could gather, potentially leading to smoother trading.
  • Increased Awareness: Listing on Binance would make Pi Network known to even more people.
  • Price Discovery: A fair price for Pi coins is expected to be formed by market supply and demand.

However, there are not only benefits. You also need to understand the following potential risks:

  • Price Volatility Risk: The price may fluctuate significantly immediately after listing. It is not uncommon for prices to rise on expectation and then fall.
  • Dependence on Project Progress: Even after listing, the value may not be maintained or increased unless the Pi Network project itself continues development and the ecosystem grows.
  • Regulatory Risk: Regulations regarding cryptocurrencies in each country are constantly changing, which could affect the project and trading.

The Recent “Logo Stir” and the Future Potential of Pi Network

We will also objectively consider the recent Binance post and the future potential of Pi Network as a project itself.

Was the “Logo” Really an Intentional Sign, or Just a Coincidence?

Many cryptocurrency-related media outlets and analysts report that the Binance post “might suggest the possibility of a Pi Network listing,” but they also point out that it is speculation. In the cryptocurrency industry, exchanges sometimes intentionally give ambiguous hints to gauge community reaction. However, this does not necessarily lead to confirmed information, so excessive expectations should be avoided.

The important thing is that unless Binance officially explains what the post means, everything is within the realm of interpretation.

Pi Network’s Roadmap and Current Progress (Expectations and Challenges for Open Mainnet)

The most important factor in predicting the future of Pi Network is the smooth transition to the Open Mainnet and the subsequent development of the ecosystem. According to official information, the transition to the Open Mainnet took place on February 20, 2025, creating an environment where transfers to external wallets and listing on external exchanges are possible. Moving forward, the key will be how many applications (DApps) and services using Pi coins actually emerge and create practical value.

Pi Network has been under development for many years, and some have pointed out the slow progress of the project, and there have been past suspicions that its mechanism (such as the referral system) might be a pyramid scheme. However, the huge community of tens of millions of people and the ease of access that allows anyone to participate with a smartphone are major strengths that other projects do not have.

What We Should Learn from Past Similar Cases

In the past, there have been numerous cases where rumors of a specific cryptocurrency listing on a major exchange preceded the actual event, leading to a temporary price surge, followed by a sharp decline when no actual announcement was made or the content was disappointing. As the market adage “Buy the rumor, sell the news” suggests, remember that price fluctuations tend to be particularly volatile during periods of speculation.

Don’t Be Swayed by Speculation! How to Deal with Information

In the world of new technology and investment, various pieces of information, both valuable and worthless, fly around every day. Especially in the age of social media, information spreads quickly, and it can be difficult to discern what is true. Based on this case, we will share important mindsets for dealing wisely with information and making calm judgments.

When you feel, “This information might be a great opportunity, but is it true…?”, that’s when it’s important to pause and think.

Before Getting Carried Away, Make It a Habit to First Check Official Information

No matter how attractive the information is, first check if the source of the information is reliable and if it can be backed up by official announcements from the project’s official website or the exchange. It is dangerous to make judgments based solely on information from friends or social media posts.

A Calm Eye to Distinguish Between “Rumors” or “Speculation” and “Confirmed Information”

Expressions like “it seems,” “it might be,” or “it’s a sign of…” are merely guesses or expectations. Make it a habit to clearly distinguish between confirmed information and other information, and make judgments based on confirmed information. This is especially true when it comes to investment decisions.

A Perspective to Look at the Project’s Intrinsic Value, Not Just Short-Term Price Fluctuations

The price of cryptocurrencies can fluctuate significantly in a short period due to various factors. However, what is truly important is what value the project aims to create in the long term, whether you can empathize with its technology and vision, and if you are investing, to do so within a range that will not affect your life if lost.

The term DYOR (Do Your Own Research) is often used in the world of cryptocurrency. This indicates the importance of not blindly believing information from others, but rather researching and making judgments for yourself.

Summary: The “Current Conclusion” on the Pi Network Binance Listing Rumor and the Actions You Should Take Next

Now, regarding the series of rumors about Pi Network listing on Binance, we have looked closely at the source of the information, fact-checking, expert opinions, and how we should deal with information. Finally, we will summarize the current conclusion on this matter and the specific actions you should take when you encounter information about Pi Network or similar information in the future.

Current Summary: Is Listing Possible?

As of the current date (May 16, 2025), there is no official announcement that Pi Network will be listed on Binance. While it is confirmed that a mark resembling the Pi Network logo was present in a Binance social media post, there is no certainty that this was intended to signal a listing. It remains in the realm of speculation, and we must await future official announcements.

Pi Network itself has transitioned to the Open Mainnet and is showing signs of expanding its ecosystem, indicating that the project is moving forward. However, whether this will immediately lead to a listing on Binance is still unknown to anyone.

Key Points to Watch and Tips for Gathering Information

Here are the key points to watch regarding Pi Network in the future:

  • Official Announcements from the Pi Core Team: Prioritize checking official information regarding project progress, especially concrete developments in the ecosystem after the Open Mainnet transition, and partnerships with exchanges. Following Pi Network’s official website and official social media accounts is recommended.
  • Official Announcements from Binance: When Binance lists a new asset, they always announce it in advance on their official website and official social media.
  • Reliable News Sources: Refer to information from major economic media outlets and reputable cryptocurrency-specific news sites.

It is important to stay alert so you don’t think “Maybe that information was true?” later, but be cautious in selecting information.

The Importance of Having Your Own Judgment Criteria

Not limited to Pi Network, when encountering new technologies or investment targets, it is most important to have your own judgment criteria rather than being swayed by others’ opinions or rumors. It is crucial to adhere to basic principles such as whether you can empathize with the project’s philosophy, whether you want to get involved after understanding the risks, and if you are investing, doing so within a range that will not affect your life if lost.

The term DYOR (Do Your Own Research) is often used in the world of cryptocurrency. This indicates the importance of not blindly believing information from others, but rather researching and making judgments for yourself.

We hope this article will be helpful in facing information about Pi Network and other cryptocurrencies and making better judgments. With a sense of understanding, “Ah, I see!”, and a calm spirit of inquiry, “Let’s examine the information more closely,” let’s keep an eye on the trends in new technology.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation for specific actions. Investing in cryptocurrencies involves high risk. Please act based on your own judgment and responsibility.

Pi Network’s $100 Million Boost: What Changes with ‘Pi Network Ventures’? A Deep Dive into the Future

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Introduction: Big Moves for Pi Network! A Journey from “I Don’t Quite Get It” to “Aha!”

“What’s really going on with Pi Network that I keep hearing about lately?” “There seems to have been a new announcement, but does it concern us?” If you have such questions, this article will explain the recent big changes in Pi Network, especially the new initiative called “Pi Network Ventures”, in a clear and detailed manner, as if explaining it right next to you. No specialized knowledge is required. By the time you finish reading, you’re sure to be excited about the future of Pi Network!

What Exactly is Pi Network Again? A Quick Review

Before we dive into “Pi Network Ventures”, let’s quickly review Pi Network itself. Even if you’ve only “heard the name…”, reading this will give you a perfect grasp of the basics.

Pi Network started in 2019 as a “cryptocurrency project that anyone can easily participate in with a smartphone”. Its ease of use, allowing people worldwide to steadily “mine” (translated as excavation, but perhaps “acquire” is a better image here) its unique digital currency called Pi through a smartphone app without difficult technical knowledge or expensive equipment, has attracted many participants globally. Its major goal is to “create the most widely used cryptocurrency in the world and build an open economic ecosystem accessible to everyone”.

Until now, it has been, so to speak, a preparation period. Many people have acquired Pi, and the community has grown. And now, a big step is about to be taken for Pi to actually be useful in society. That is the emergence of “Pi Network Ventures”, the theme of this article.

Main Topic! “Pi Network Ventures” is Born! The $100 Million Big Wave Has Arrived!

Thank you for waiting! Here comes the main topic, the emergence of “Pi Network Ventures”. It might sound a bit formal, but imagine it as “a very large scholarship system or support fund has been created to support new ideas and businesses in the world of Pi Network!”. The scale of this fund is announced to be a staggering $100 million (over approximately 15 billion Japanese Yen*! *Estimated based on the exchange rate as of May 2025).

This can be said to be proof that Pi Network is serious about realizing “usable Pi”. It is a concrete action plan to meet the expectations of many users who ask, “What can I do with Pi besides just collecting it?”

What is “Pi Network Ventures” in a nutshell? – A “Support Group” and “Investor” for Growing Pi

The role of Pi Network Ventures is to provide funding and resources to support startup companies and developer teams that are trying to develop and deploy innovative applications and practical businesses using Pi (collectively referred to as “utilities”) on the Pi Network platform. In other words, it is a “support group” that sows many “seeds” to make Pi more convenient and used in more situations, and also an “investor” that actively invests in promising projects.

$100 Million! Where Does This Money Come From and What Will It Be Used For?

This $100 million fund is explained to consist of Pi tokens held by Pi Network itself and US dollars (USD), a real-world fiat currency. This funding will be provided in the form of investments to projects deemed to contribute to the growth and development of the Pi ecosystem.

For example, ideas like the following might be eligible for support:

  • Online marketplaces where goods and services can be bought and sold using Pi
  • New social media or games that can be participated in with Pi
  • Systems that can easily introduce Pi payments in real-world stores
  • Completely new services utilizing Pi blockchain technology

In this way, Pi Network Ventures is trying to create a concrete path for Pi to become a “currency that can actually be used” in our daily lives and business scenes.

What Kind of Ideas Will Be Supported? – New Services and Businesses Using Pi

Pi Network Ventures is particularly focused on “projects that enhance the true utility of Pi and accelerate its adoption in the real world”. Ideas are sought that are not just technically interesting, but also valuable to many people and contribute to the overall growth of the Pi ecosystem. If you are a developer and have a great idea using Pi, this could be a big opportunity for you.

Why “Pi Network Ventures” Now? Its Aim and the Future Vision of Pi

Why did Pi Network take this big step with “Pi Network Ventures” at this timing? It’s because Pi Network is seriously trying to transition to the next stage, which is the “stage where Pi actually has value in society and becomes widely used”. Behind this is the grand future vision that Pi Network aims for and a clear strategy to realize it.

Aiming for “Usable Pi”! A Future Where Pi is Active in Daily Life

The ultimate goal of Pi Network is to make Pi not just a speculative digital asset, but a “practical currency” that can actually be used to pay for goods and services in daily life. To achieve this, it is essential to increase the places and opportunities where Pi can be used (i.e., utility). Pi Network Ventures is expected to be the catalyst for explosively increasing these “places and opportunities where Pi can be used”.

Imagine paying for coffee at your usual cafe with Pi, buying what you want online with Pi, or receiving payment for freelance work in Pi… Such a future might gradually approach through the activities of Pi Network Ventures.

What Kind of Organization is the “Pi Foundation”? Transparency and Community-Driven Mechanism

In this announcement, it is also emphasized that Pi Network Ventures was established through the “Pi Foundation”, and that this foundation is an “ownerless organization”. This is a very interesting point.

An “ownerless organization” is thought to aim for a more decentralized approach, operated for the benefit of the entire Pi community and the development of the project, rather than being controlled by specific individuals or companies for profit. This is an attempt to embody the principles of “community-driven” and “transparency” that Pi Network advocates, and it will have important implications for the long-term health of the project. However, further detailed information disclosure regarding its specific governance (management and operation) mechanism is awaited in the future.

Not Just a Digital Currency! Innovation That Pi Might Bring About

Projects supported by Pi Network Ventures have the potential to not only enable payments with Pi but also create new forms of services and business models utilizing Pi’s blockchain technology. This could lead to true innovation that transforms existing financial systems and business practices. Pi Network aims to grow as a platform with such great potential.

What Happens to Our Pi? The Impact of Ventures on Pi’s Value and Usage

“Pi Network Ventures” starts investing in businesses using Pi… What does that mean for the Pi that we have been diligently mining every day? Here, we will tell you what you can expect and what you should know about the value of Pi and how it will be used in the future, which is probably what you are most concerned about.

What Does It Mean to Invest Directly with Pi? Will the “I Want It!” for Pi Increase?

What is noteworthy is that Pi Network Ventures states that it aims to “conduct the majority of its investments directly in the form of Pi”. This means that promising new businesses and services will increasingly receive “Pi” instead of “US dollars” as operating funds.

Since businesses will need Pi to operate and grow, there is a possibility that demand to “buy” Pi will arise in the market. If demand increases, its value is theoretically expected to increase as well. This is an important step for Pi to transform from something merely “held” to something “actually used and sought after”.

Things You Can Buy and Do with Pi Might Increase! Expanding Ecosystem

If many promising projects are nurtured by Pi Network Ventures, the services, goods, and applications that can be used with Pi will steadily increase. This is the “activation of the ecosystem”. The ways you can use your Pi will expand, and you might feel the benefits of holding Pi more concretely.

For example, subscribing to exclusive content from your favorite creator with Pi, or supporting local small businesses by enabling Pi payments, might become a reality. Let’s hope the day comes when the question “What can I use this Pi for?” turns into the joy of “I can do this and that with Pi!”

Hold On! Points to Note – Balancing Dreams and Reality

Here is one important point to note. The activities of Pi Network Ventures are undoubtedly very positive factors for the value and ecosystem of Pi. However, it does not guarantee that the price of Pi will skyrocket immediately or that you will become rich overnight.

The value of cryptocurrencies fluctuates due to many complex factors such as market conditions, project progress, and regulations. Pi Network is trying to build a practical ecosystem from a long-term perspective, and it will take time for the results to appear. It is important not to have excessive expectations like “Since Pi Network Ventures is here, the price of Pi will be 100 times higher tomorrow!” and to calmly and long-term observe the project’s growth.

Also, this article is intended to provide information about Pi Network and does not recommend any specific investment. Please make investment decisions based on your own thorough research and careful consideration.

The Future of Pi Network: Open Network and Dr. Nicolas Kokkalis’s Important Announcement

The evolution of Pi Network is still ongoing. In parallel with the launch of “Pi Network Ventures”, another very important milestone is approaching. That is the transition to the “Open Network”. Furthermore, there is information that an important announcement might be made soon by Dr. Nicolas Kokkalis, one of the founders of Pi Network.

What Changes with the “Open Network”? – Pi Becomes More Free!

Currently, Pi Network is in the “Enclosed Network” phase, where Pi transactions are limited to within the Pi ecosystem. However, transitioning to the “Open Network” will open the way for the Pi blockchain to connect with external blockchains and exchanges, allowing Pi to be traded more freely and exchanged with other cryptocurrencies (however, specific details await official announcements).

This is a very important step for Pi to function as a true global cryptocurrency and can be said to be a development that many users are eagerly awaiting. Attention is focused on future official announcements regarding the timing and specific conditions for the transition to the Open Network.

[Attention!] What is the Future of Pi as Spoken by Founder Dr. Nicolas?

It is reported that he will give a lecture at a large conference held in Toronto, Canada on May 16, 2025.

The community has high expectations that the current status and future prospects of Pi Network, as well as more in-depth information regarding Pi Network Ventures and the Open Network, will be revealed at this event.

Conclusion: Pi Network’s New Challenge Has Just Begun! What We Can Do

The launch of “Pi Network Ventures” is a strong declaration that Pi Network has moved beyond the stage of mere ideas and experiments and has begun to seriously build an ecosystem to create concrete value in the real world. A fund of $100 million clearly demonstrates its seriousness.

Through this article, have you been able to get a glimpse of what Pi Network Ventures aims for and how it might affect the Pi we hold and the future of Pi?

Of course, the journey of Pi Network has just begun. To realize its grand vision, it needs to overcome many challenges and grow together with the community over time. What we users can do is, first and foremost, keep following accurate information, and understand the project’s long-term goals and observe calmly.

And if you are a developer or entrepreneur, you might be able to leverage the opportunities provided by Pi Network Ventures to realize new ideas that enrich the Pi ecosystem.

What kind of changes will Pi Network’s new challenge bring to our future? Let’s watch with anticipation, and hopefully, play a part in its growth. We hope that today’s understanding of “Aha, I see!” will lead to your actions tomorrow of “I want to know more” and “I want to try it”.

This article is created based on the provided source information and general knowledge, and does not recommend specific financial products or investments. Investing in cryptocurrencies involves risks, so please make decisions at your own discretion and responsibility. The exchange rate in the article is an estimate as of May 2025.

The Pi Ecosystem and Future Value Through the Pi Browser: A Comprehensive Guide

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“Pi Network, which is gaining attention worldwide as a way to easily mine on your smartphone. Are you also wondering, ‘What is the current price of Pi Coin, after all?’ or ‘Will it really gain value in the future?’ and are curious about its movements? This article provides a thorough explanation, easy for those without specialized knowledge, of the latest information regarding Pi Network’s ‘price’ as of 2025, how to peek into its ecosystem using Pi Browser, and the future value Pi Network aims for. Let’s explore the present and potential of Pi Network together!”

Pi Network’s Current “Price” Status: 3 Basic Things You Should Know First

Before looking at specific price information for Pi Coin, let’s cover the basic points about what stage Pi Network is currently in and how you should think about “price.” Understanding this is the first step to correctly interpreting information about Pi Network.

1. It’s Currently the “Enclosed Mainnet” Period – What Does That Mean?

Pi Network is currently in a phase called the “Enclosed Mainnet.” This means that while the Pi Network blockchain is operational, free connection with external blockchain networks and general cryptocurrency exchanges is intentionally restricted. You could compare it to a new city under construction, where entry is still restricted to those involved.

The main objectives of this period are as follows:

  • Promoting KYC (Know Your Customer) and preparing for the migration of mined Pi to the Mainnet: To verify that many users are genuine individuals, prevent fraud, and enable the safe transfer of previously mined Pi to Mainnet wallets.
  • Building and testing utilities (practical apps and services) within the Pi Network ecosystem: Developers are building various applications (DApps) on the Pi blockchain to increase the places where Pi Coin can actually be used.
  • Ensuring network stability and security: Thoroughly testing the overall system operation and fixing issues before full open access.

This Enclosed Mainnet period is positioned as an important preparatory phase for the “Open Mainnet” that Pi Network aims for in the future. As of May 2025, Pi Network is still in this Enclosed Mainnet period and has not transitioned to the Open Mainnet.

2. Pi Coin Does Not Yet Have an “Official Price” – What Are the Prices You See?

Because it is in the “Enclosed Mainnet” period, as of now (May 2025), Pi Coin does not have an “official price” widely agreed upon in the market, like Bitcoin or Ethereum. If you see information online stating “1 Pi Coin = $〇〇,” it is highly likely to be one of the following:

  • IOU (I Owe You) type trading prices on some unofficial exchanges: This involves buying and selling the right to exchange Pi Coin when it becomes actually tradable in the future. It is not officially recognized by the Pi Network team. Price fluctuations are volatile, and the risk is high.
  • “Reference prices” within specific marketplaces or apps in the Pi Network ecosystem: On some platforms accessible within the Pi Browser (discussed later), prices for goods and services may be listed in Pi Coin. However, these are merely experimental attempts within those platforms or based on local agreements between operators and participants, and do not represent the official value of the entire Pi Network.
  • Wishful thinking or target prices within the community (e.g., GCV): Some community members may propose specific prices as a wish or goal (“we want it to be worth this much”), but this is also different from an objective market price.

It is important to understand that these prices do not guarantee the actual value of Pi Network. True price formation is expected to begin in the future, after transitioning to the Open Mainnet and becoming freely tradable on many exchanges.

3. The Importance of KYC (Know Your Customer) – Why Is It Necessary?

In Pi Network, the KYC (Know Your Customer) process is highly emphasized. This is to verify that users are real individuals and are adhering to the principle of one account per person. Why is KYC so important?

  • Exclusion of fraudulent accounts and improvement of network reliability: Prevents unfair mining by bots or multiple accounts, enhancing the fairness and reliability of the entire Pi Network.
  • Compliance with laws and security assurance: In many countries and regions, KYC is legally required for financial services and cryptocurrency transactions, also serving the purpose of preventing fraudulent activities like money laundering.
  • Prerequisite for Pi migration to Mainnet: In principle, users must complete KYC to transfer the Pi Coin they have accumulated in the mining app to their usable wallet on the Mainnet.

While it might feel like a hassle, KYC is a crucial step for Pi Network to build a healthy ecosystem and for Pi Coin to become a trusted currency in the real world in the future.

What is Pi Browser? The Gateway to the Pi Network Ecosystem

To actually experience the world of Pi Network and explore its potential, the dedicated app called “Pi Browser” is essential. This is a mobile browser provided separately from the main Pi Network app, serving as a “gateway” to access various Pi services and applications (DApps) under development. Here, we will guide you through the basic role of Pi Browser and how to access information within the ecosystem, in a way that is easy for beginners to understand.

Let’s Install Pi Browser (Simple Steps)

Using Pi Browser is easy.

  1. First, open the Pi Network mining app on your smartphone.
  2. From the app’s menu (usually the three-line icon in the top left, etc.), select “Pi Browser” or a similar item.
  3. Follow the on-screen instructions to install the Pi Browser app from your smartphone’s app store (Google Play Store or Apple App Store).
  4. After installation, launch Pi Browser again from the Pi Network mining app, and it will automatically link with your Pi account.

Now you are ready to explore the Pi Network ecosystem!

What Can You Do with Pi Browser? The Expanding World of Pi Network

When you launch Pi Browser, several initial icons may be displayed, or you can enter URLs to access various websites. Specifically related to Pi Network, you can do the following with Pi Browser:

  • Access your Pi Wallet: You can access the wallet function to manage your Pi Coin. You can check your balance and send/receive Pi Coin to/from other Pioneers (Pi Network users) (after completing KYC and migrating Pi to Mainnet).
  • Use DApps (Decentralized Applications) within the Pi Network ecosystem: You can try out various applications being developed on the Pi Network blockchain. This includes marketplaces, games, social media, developer tools, and more.
  • Check for the latest information: Official announcements from the Pi Network Core Team and information about the ecosystem may also be provided through Pi Browser.
  • Participate in development (for developers): If you are an app developer, you can also access tools and information to develop and test DApps that run on the Pi platform.

Pi Browser is a manifestation of Pi Network’s intention to build an “economic zone (ecosystem)” where Pi Coin is actually used, rather than just being a mining app.

Explore with Pi Browser! The Reality of Marketplaces and “Reference Prices” within the Ecosystem

Now, let’s use Pi Browser to see how Pi Coin is handled within the Pi Network ecosystem, looking at examples of some places referred to as marketplaces and the “reference prices” seen there. Again, please note that the prices introduced here are merely those independently presented by each platform and do not represent the official value of Pi Network. This information should be viewed as a reference point for imagining the activity of the Pi Network community and the future use cases of Pi Coin.

Caution! The Prices Displayed Are Not the “Overall Market Consensus Price”

On marketplaces and e-commerce-like platforms you might find within Pi Browser, prices may be displayed in Pi Coin, such as “Product A is 〇〇 Pi” or “Service B is △△ Pi.” Seeing this and jumping to the conclusion, “This is the current value of Pi Coin!” is prohibited.

Many of these platforms are:

  • Likely projects by independent developers or community groups, not directly operated by the Pi Network Core Team.
  • Often still in the testing phase or experimental attempts, and the safety and continuity of transactions are not guaranteed.
  • The listed Pi prices are often based on local agreements or wishful thinking among the platform operators and participants, and do not reflect the overall market value of Pi Network.
  • Whether transactions are actively taking place and if there is sufficient liquidity varies greatly depending on the platform.

It is important to understand these points and calmly observe the information, viewing it merely as “one of the attempts within the Pi Network ecosystem.”

Case Watch: P Bartermall, Marketplace314159, UP Global Mall, etc. – What is Being Traded? What are the Price Trends?

The source information provided (YouTube video) mentioned platforms like P Bartermall, Marketplace314159 (Mall314159), and UP Global Mall. How actively these platforms are actually operating within Pi Browser, what kinds of goods and services are listed in Pi Coin, and the trends in their pricing can constantly change.

Generally, on such platforms, a wide variety of items may be listed, including daily necessities, digital content, services, or even just test listings. Pricing can also vary greatly, from very inexpensive items to those that, when converted to real fiat currency value, seem unrealistically high. This can be seen as a reflection of the fact that the value of Pi Coin is not yet established.

When using these platforms, please be aware of the following points:

  • Reliability of the operator: Check who is operating it and if there is any official connection with Pi Network.
  • Transaction safety: Be cautious when entering personal information or wallet details, and be careful not to get involved in fraudulent transactions.
  • Price appropriateness: Calmly judge whether the listed Pi price is significantly different from general market values.

These platforms can be seen as a reflection of the community’s enthusiasm in exploring ways to use Pi Coin, but it is important to understand that they are not yet established markets at this point.

What is GCV (Global Consensus Value)? The Truth and Reality of the 1 Pi = $314,159 Rumor

Within the Pi Network community, especially among enthusiastic supporters, the term GCV (Global Consensus Value) is frequently discussed. Among these, a specific numerical value of “1 Pi = $314,159” is sometimes spoken of as the GCV. This is a symbolic price setting based on the value of Pi (π ≈ 3.14159), and it has spread among some users as a movement or wish that “Pi Coin should have this much value in the future” or “Let’s form a consensus to trade Pi at this price.”

However, there are important points to understand about this GCV:

  • It is not a price set by Pi Network official: GCV is not a price officially announced or guaranteed by the Pi Network Core Team. It is merely a concept led by a part of the community.
  • It differs from the principles of market economics: Normally, the price of an asset is determined by the balance of supply and demand in the market. Even if a specific community unilaterally sets a price, if it is not accepted by the market as a whole, a discrepancy will arise from the actual trading price.
  • Its realization is unknown: For 1 Pi to be worth approximately $310,000, Pi Network would need to have an economic scale and practicality far exceeding the world’s major currencies and giant IT companies today. This is a very ambitious goal, and objectively evaluating its feasibility at this point is difficult.

GCV reflects the enthusiasm and dreams of people who believe in the potential of Pi Network, and it may have the aspect of strengthening community cohesion. However, it is important to calmly recognize it not as a definitive future value of Pi Coin, but merely as “one goal” or “a movement within the community.” Be careful not to confuse facts with desires.

Why is Price Information So Disparate? Hints to Understanding the Current Situation

As we have seen so far, information regarding the “price” of Pi Coin is very diverse and can sometimes feel contradictory. Why is this situation the case? Several reasons can be considered.

  • The project is still under development: Pi Network is still in the Enclosed Mainnet period, and full-scale market price formation has not yet begun. Therefore, there is no clear standard price.
  • Lack of liquidity: Because the official market where Pi Coin can be freely bought and sold is limited, there is not enough trading volume (liquidity). Even small transactions or individual agreements can make the apparent “price” seem to fluctuate greatly.
  • Speculative movements and expectations: Unrealistic prices may be discussed due to the expectations of people hoping for future value increases or by some information disseminators trying to attract attention.
  • Diverse opinions within the community: Pi Network has many users worldwide, and each has different ideas and expectations about the value of Pi Coin. Movements like GCV are one example of this.
  • Information asymmetry: Accurate information about the project and development progress is not necessarily conveyed equally and timely to all users.

In such a situation, it is important not to take a single piece of information at face value, but to compare multiple sources and carefully check announcements from the official Pi Network website. Be especially wary of sweet talk like “you’ll get rich quick” or “the price is guaranteed.”

What Determines the True Value of Pi Network? The Present and Future of “Utility”

For Pi Coin to be truly recognized as something “valuable” in the future, simply having many people hold it is not enough. It is essential to have a rich existence of concrete “use cases,” or utility, where Pi Coin can actually be used to buy something or use a service. The Pi Network project also regards the construction of this utility as a very important goal. Here, let’s look at the current state of Pi Network’s utility and future prospects.

“Utility” is the Source of Pi Network’s Value

The word “utility” might sound a bit difficult, but simply put, it means “usefulness” or “practicality.” In the world of cryptocurrency, utility refers to how that coin or token can be used in the real world or digital space.

For example:

  • Can be used for payment at stores
  • Can be used as payment for specific online services (games, social media, storage, etc.)
  • Required for executing smart contracts
  • Functions as participation rights or voting rights in a specific community

These are examples of utility. What Pi Network aims for is for Pi Coin to have such diverse use cases and become something that many people find “convenient to hold” or “want to use.” It is believed that the more utility is enhanced, the higher the demand for Pi Coin will become, which could potentially lead to value stability or increase as a result.

What Use Cases Exist Now? Examples of Notable Pi Network Apps and Services

The Pi Network ecosystem is still under development, but among the DApps accessible through Pi Browser, some are showing the beginnings of utility. The following are examples of utility sometimes mentioned in the Pi Network community or official information (however, not all of these apps and services are completed and widely practical).

  • Map of Pi: An app aiming to connect local stores and service providers with Pioneers (Pi users) and promote local transactions using Pi Coin.
  • Game platforms: Development is underway for game apps where Pi Coin can be used as in-game currency or where players can earn Pi by playing. (The source information mentioned “fruit,” but it is unclear if this is a specific game name or category.)
  • Marketplace DApps: The aforementioned P Bartermall and others can be said to be attempts aiming to be platforms where goods and services can be bought and sold with Pi Coin.
  • Developer tools and services: Tools and platforms that support DApp development on the Pi Network are also part of the utility.
  • In addition, various ideas such as social media, content sharing platforms, job matching services, etc., are being proposed by the community and development is progressing.

The Pi Network Core Team regularly holds hackathons (development contests) and encourages the creation of utility by the developer community. What kind of practical and attractive DApps appear in the future will be very important in predicting the future of Pi Network.

Ecosystem Expansion is Key! The Role of the Developer Community

To increase the utility of Pi Network and enrich the entire ecosystem, the efforts of the Pi Network Core Team alone have limitations. This is where the global developer community plays a crucial role.

Pi Network aims to provide an environment where developers can freely create new applications and services using Pi’s blockchain technology and platform. This is expected to allow diverse ideas that the Core Team alone might not conceive to take shape, and for the ecosystem to grow organically.

Recently, there have been moves to partially relax the pre-approval process for developers publishing DApps on the Pi Network Mainnet, promoting more open and rapid innovation. The more active and talented the developer community grows, the more attractive the Pi Network ecosystem will become, and the utility of Pi Coin will also improve.

We, as general users, can also indirectly contribute to the development of the ecosystem by trying out new DApps through Pi Browser and providing constructive feedback.

Future Price and Potential of Pi Network: The Goal is Open Mainnet Migration, But What is the Current Situation?

Now, let’s discuss the future price and potential of Pi Network, which is likely what many people are most interested in. A major milestone for the project is the transition to the “Open Mainnet,” which is set as a future goal. However, as of May 2025, Pi Network is still in the “Enclosed Mainnet” phase and has not transitioned to the Open Mainnet. It is important to correctly understand this current situation before looking at future prospects.

What Will Change if “Open Mainnet Migration” is Achieved (Future Outlook)

Assuming that Pi Network transitions to the “Open Mainnet” in the future, the following changes can be expected. Please note that this is merely a future possibility and not the current situation.

  • Connectivity with external blockchains: The Pi Network blockchain may become capable of interacting and collaborating with other major blockchain networks like Bitcoin and Ethereum.
  • Possibility of listing on major cryptocurrency exchanges: If this is realized, Pi Coin could be freely bought and sold on a public market with more participants, potentially leading to price formation based on market principles.
  • Further expansion of the Pi Network ecosystem: External developers and companies may find it easier to freely deploy services and businesses on the Pi Network platform.

Conditions for Open Mainnet Migration and the Current Situation

The Pi Network Core Team has outlined several specific conditions for transitioning to the Open Mainnet. It is believed that the Enclosed Mainnet period will continue until these are met. The main conditions are as follows:

  1. Large-scale completion of the KYC (Know Your Customer) process and migration of Pi to the Mainnet.
  2. Building and maturation of diverse apps with true utility within the Pi Network ecosystem.
  3. External environment (market conditions, regulations, etc.) being favorable for the transition to Open Mainnet for the project and community.

As of May 2025, there has been no official announcement that these conditions have been fully met, and Pi Network is in the stage of continuing the operation of the Enclosed Mainnet and developing towards achieving these goals. The specific timing for the transition to Open Mainnet is undecided, and we must await an official announcement from the Pi Network Core Team. While there have been various speculations and unofficial information in the past, it is important to accurately recognize that the current situation is Enclosed.

What Will Happen to Pi Coin Price After Migration? (This is Just an Uncertain Future Discussion)

Assuming that Pi Network transitions to the Open Mainnet in the future and Pi Coin becomes tradable on exchanges, no one can say for sure what its price will be at this point. The price is influenced by a great many factors, including market supply and demand, project reliability, the spread of utility, macroeconomic conditions, and more.

Various price predictions exist, but they are merely predictions and are not guaranteed. Especially in the current “Enclosed Mainnet” situation, a market price for Pi Coin has not been formed, and it is impossible to accurately foresee the future price. Please be very careful not to be misled by easy money schemes or information that guarantees “the price will definitely go up.”

Challenges Pi Network Must Overcome to Build Long-Term Value

For Pi Network to not just be a temporary topic but to grow as a project with long-term value, it must overcome several important challenges. This is true both during the Enclosed Mainnet period and as it aims for the Open Mainnet in the future.

  • Ensuring technical stability and scalability: Maintaining and developing a robust blockchain system that can support a user base of tens of millions and process numerous transactions quickly and securely.
  • Building and popularizing truly practical utility: Creating a wealth of attractive and convenient DApps and services within the ecosystem that many people will want to use daily, and making them widespread.
  • Appropriate response to regulations: Regulations regarding cryptocurrency and blockchain technology are constantly changing in each country. For Pi Network to expand globally, it must comply with these regulations and respond appropriately.
  • Maintaining and engaging the user community: Maintaining an active and healthy user community and providing incentives for users to actively participate in the Pi Network project.
  • Improving project transparency and reliability: Disclosing information regarding development progress and operational policies to the community in a timely and transparent manner to build trust.

Overcoming these challenges one by one will lead to the long-term success of Pi Network and the sustainable value formation of Pi Coin.

Summary: Understand the “Present” of Pi Network and Approach the Future Wisely

This time, we have looked in detail at the situation regarding Pi Network’s price as of 2025, exploring the ecosystem through Pi Browser, and its future potential.

Pi Network is an ongoing project that has attracted the interest of many people with its innovative approach of mining using smartphones and is being developed with a grand vision. It is important to note that as of May 2025, Pi Network is in the “Enclosed Mainnet” period and has not yet transitioned to the Open Mainnet. Therefore, there is no “official price” for Pi Coin, and “reference prices” are being presented within various attempts in the ecosystem.

The transition to “Open Mainnet” is set as a future goal, but its realization depends on several conditions, and the specific timing is undecided. It is important to correctly understand this current situation and calmly observe the project’s progress.

What is important for us users is not to take information about Pi Network at face value, but to examine information from various angles and prioritize official announcements from the Pi Network Core Team. Without excessive expectations of “getting rich quick” or being swayed by information that “guarantees price increases,” if you are interested in the potential of the decentralized digital economy that Pi Network aims for and its technical challenges, becoming involved as a member of the community might be one option.

We hope this article helps you understand the “present” of Pi Network and approach its future wisely.

Q&A: Frequently Asked Questions About Pi Network

Finally, we have compiled some points that many people wonder about Pi Network in a Q&A format. Please use this to help resolve any questions that were not fully answered in this article.

Q1. When can I exchange Pi Coin for Japanese Yen or other cryptocurrencies?

A1. Currently (as of May 2025, during the Enclosed Mainnet period), it is generally not possible to officially exchange Pi Coin for Japanese Yen or other major cryptocurrencies. It is expected that such exchanges will become possible in the future if Pi Network transitions to the Open Mainnet and Pi Coin is listed on domestic and international cryptocurrency exchanges. However, there has been no official announcement from the Pi Network Core Team regarding the specific timing of this. Currently, it is Enclosed, and exchange is not possible.

Q2. Is Pi Network safe? I’m worried it might be a scam project…

A2. Pi Network was started by a team with PhDs from Stanford University and has been under development for several years, with many users participating. However, new cryptocurrency projects always carry risks, and their future value or success is not guaranteed. Regarding whether it is a scam, there are various opinions, but the project itself does not conduct schemes that directly request money (such as ICOs) (although there is a KYC process). The important thing is to always check official information, thoroughly manage your personal wallet information and private keys, and absolutely not fall for unrealistic solicitations like “you will definitely make money.”

Q3. Is it too late to start Pi Network now?

A3. Pi Network has not yet transitioned to the Open Mainnet, and the project is still under development. Therefore, it is possible to start mining anew. However, the mining rate (the amount of Pi Coin obtained per unit of time) may have decreased compared to the initial stages. Whether or not to join Pi Network should be decided not for speculative purposes expecting large returns in a short period, but by considering whether you resonate with the project’s philosophy, technology, and community, and if you can be involved from a long-term perspective.

Q4. Are there any precautions when using apps in Pi Browser?

A4. You can access various DApps through Pi Browser, but many of them are still under development or developed by third parties not officially affiliated with Pi Network. When using them, please be aware of the following points:

  • Check the provider: Check if the app provider is trustworthy and if it is recommended by the Pi Network Core Team.
  • Check permissions: If an app requests access to your wallet or personal information, carefully consider the necessity and only grant permission if you deem it trustworthy.
  • Sending Pi Coin: Do not easily send large amounts of Pi Coin to uncertain apps or services.
  • Possibility of bugs or glitches: Be aware that unexpected bugs or glitches may occur in apps that are in the testing phase.
  • Wallet security: Absolutely do not share your Pi wallet passphrase (private key) with anyone else, and store it in a safe place. This is a fundamental principle for using Pi Network, not limited to using apps within Pi Browser.

If you find anything suspicious or unclear, it is recommended to check with the official Pi Network community or reliable information sources.

What is the True Value of Pi Network? “Pi”, the Core of Web3, and the Future of Data Sovereignty and the Next-Gen Economy (For Beginners)

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Have you heard the name “Pi Network”? Maybe it’s already on your smartphone! In this article, we will explain everything about the cryptocurrency project “Pi Network,” which is currently attracting attention worldwide, from its basics to why it attracts so many people, and how it has the potential to change our future. We will explain it from a perspective that supports Pi Network, making it easier to understand and more passionate than anywhere else! Your questions like “What exactly is Pi?” and “How is it related to Web3?” will surely be resolved.

First, you need to know! What is “Web3” behind the emergence of Pi Network?

To deeply understand Pi Network, it is important to first know about the big wave called “Web3.” Does it sound difficult? Don’t worry! Let’s look together at why Pi Network is called a “new form of the internet.”

Today’s Internet (Web2.0) is convenient, but… whose data is ours?

The social media and search engines we use every day are called “Web2.0.” They are very convenient, but specific large companies manage our data and platforms. This is like a “rental house” where you pay rent to live. In exchange for convenience, our data is often used for corporate profit, and we are bound by platform rules. Haven’t you ever felt, “This data is really mine…”?

Web3 Declaration! Towards an era where “my data is my own” is commonplace

This is where “Web3” comes in. Web3 is also called the third generation of the internet, and it is a concept that aims for a more decentralized internet where users themselves are the true owners of their data. Instead of information and power being concentrated in specific companies, each user can be the protagonist. Pi Network is a project that strongly reflects this philosophy of Web3.

A new form of “trust” realized by blockchain technology

One of the core technologies supporting Web3 is “blockchain.” This is a technology that records information in “blocks,” connects them like a chain, and shares and manages them with all participants. Once recorded, it is very difficult to tamper with, and it is characterized by high transparency. This makes it possible for users to exchange information and value with each other based on trust, without going through a central administrator. Pi Network is also trying to build a new economic zone based on this blockchain technology.

Finally, the main topic! Getting to the core of Pi Network

Now that you have grasped the basic idea of Web3, let’s get to the core of Pi Network! What exactly does Pi Network aim for, what are its characteristics, and what impact does it intend to have on our daily lives?

How to describe Pi Network in one word? ~A cryptocurrency project that anyone can easily participate in~

Pi Network is an innovative project that started with the goal of “allowing anyone to easily acquire (mine) cryptocurrency using a smartphone.” It has opened the door to digital currency for more people by making cryptocurrency mining, which previously required specialized knowledge and expensive equipment, possible with a simple tap on a dedicated app.

Pi Network’s Mission: To make “you” the true owner of your data and dreams

Pi Network aims for more than just creating a new cryptocurrency. It is based on the grand vision of “making you not only the true owner of your data, but also the true owner of your money and your dreams.” With the power of Web3, it is trying to realize a society where each of us can control information and value, and live more freely and richly.

What is the cryptocurrency “Pi”? ~The digital currency of the future~

“Pi” is the native cryptocurrency of Pi Network (the currency unique to its platform). It is currently still in the development phase and is not yet available for trading on general exchanges (as of May 7, 2025), but it is expected to be used for various purposes in the future, such as payment for goods and services within the Pi ecosystem, use of DApps (Decentralized Applications), or exchange with other cryptocurrencies. It is truly the base currency of the Pi Network economic zone.

When did it start? The birth story of Pi Network (along with the history of Web3)

The concept of Web3 was clearly proposed in 2014 by Gavin Wood, co-founder of Ethereum. Pi Network was launched on March 14, 2019 (Pi Day!) by a team of Stanford University graduates, amidst the spread of such Web3 ideas. The philosophy of “cryptocurrency accessible to everyone” deeply resonates with the ideas of decentralization and user sovereignty that Web3 aims for.

Unique Tools Provided by Pi Network: “Pi Browser” and “Pi Wallet”

To experience the world of Pi Network and participate in its ecosystem, there are several dedicated tools. Here, we will explain the role and usage of the particularly important “Pi Browser” and “Pi Wallet,” which manages your Pi.

What’s so great about “Pi Browser,” the dedicated gateway to Web3?

“Pi Browser” is a dedicated web browser provided by Pi Network. It is not just for browsing the internet, but also an important gateway for accessing various DApps (Decentralized Applications) within the Pi ecosystem and using the Pi Wallet.

A notable point of Pi Browser is that “if you have a verified account (KYC), it has the potential to reduce the complexity of traditional wallet connections and allow for a more seamless entry into the world of Web3.” This is a significant strength that lowers the barrier to Web3 use for many people and promotes the use of the Pi ecosystem.

The mechanism of “Pi Wallet” that protects and utilizes your Pi

“Pi Wallet” is a digital wallet for safely storing and sending/receiving the Pi you have earned. Pi Wallet has a “public key (address)” that you share when sending Pi to others, and a “private key (passphrase)” that only you manage strictly. You must never share this private key with anyone else. If it is lost or stolen, you may permanently lose the Pi in your wallet, so self-management is extremely important.

Through Pi Wallet, it is expected that various transactions using Pi will be possible in the future.

Will it affect the future of Pi Network? The importance of “KYC (Know Your Customer)”

If you participate in Pi Network, you will often hear the term “KYC.” Some people may find it “troublesome,” but in fact, this KYC is a very important process for the healthy development of Pi Network and the realization of the future we envision.

Why does Pi Network focus on KYC? ~Preventing fraud and building trust~

KYC stands for “Know Your Customer,” which translates to “identity verification procedure” in Japanese. The main reasons why Pi Network emphasizes KYC are as follows:

  • Ensuring the principle of one person, one account: Prevents unfair acquisition of Pi by fraudulent bots or multiple accounts and maintains the fairness of the network.
  • Improving the reliability of the ecosystem: By verifying that participants are real people, it reduces the risk of fraudulent activities such as scams and money laundering, and enhances the overall reliability of the Pi ecosystem.
  • Compliance with legal regulations: For Pi to be widely used in the future, compliance with legal regulations in each country is essential, and KYC is an important step towards that.

Possibilities beyond KYC: A voting system as a DAO?

KYC may have meaning beyond just a procedure. Source information suggested a very interesting concept: “If KYC is completed worldwide on Pi Network, all democratic countries might be able to hold elections online directly based on blockchain, without using voting machines.” This means that Pi Network has the potential to strengthen its aspect as a DAO (Decentralized Autonomous Organization) in the future and build a transparent and fair decision-making system by community members. The future of Pi Network may be shaped by trusted participants who have completed KYC.

What can Pi Network do in the world of Web3? ~Expectations for DeFi, NFT, and DAO~

Pi Network is a grand project in itself, but within the broader ecosystem of Web3, what role does it play and what future services will it connect to? Here, let’s consider the relationship between Pi Network and Web3 keywords such as DeFi, NFT, and DAO.

The potential of DeFi (Decentralized Finance) in the Pi ecosystem

DeFi (Decentralized Finance) is a system that allows access to financial services without intermediaries like banks. In the future, it is possible that Pi can be lent or borrowed on the Pi Network platform, other assets can be borrowed using Pi as collateral, or decentralized insurance or investment products using Pi may appear. This could provide new financial opportunities to people who previously did not have access to traditional financial services.

What it means to own NFT (Non-Fungible Token) with Pi

NFT (Non-Fungible Token) is a technology that gives unique value to digital data. Within the Pi ecosystem, a future is conceivable where digital art, music, in-game items, or event tickets are issued as NFTs and bought and sold using Pi. Creators can deliver their works directly to Pi users, and Pi users can experience the joy of owning unique digital assets.

Realization of DAO (Decentralized Autonomous Organization) by the Pi community

DAO (Decentralized Autonomous Organization) is an organization where decisions are made by the votes of community members, rather than a specific leader. Pi Network, based on its vast community and KYC system, has the potential to evolve into a true community-driven DAO, where the future direction of the project and the use of development funds are decided by the votes of Pi holders. The realization of “Pi Network created by everyone” may come true.

The Challenges of Pi Network and the Future We Create Together

Every innovative project faces challenges that must be overcome. Pi Network is also facing several challenges in realizing its grand vision. However, this is also an opportunity for us users to contribute to the success of the project.

Scalability, Usability, and Societal Understanding

For Pi Network to accommodate even more users and build a vibrant ecosystem in the future, it needs to address the following challenges:

  • Scalability: The ability to process many transactions quickly and at low cost.
  • Usability: Improving the interface so that people without specialized knowledge can use Pi Wallet and DApps more easily.
  • Social Recognition and Understanding: Deepening society’s overall understanding of cryptocurrency and Web3, and widely recognizing the safety and usefulness of Pi Network.
  • Compliance with Legal Regulations: Appropriately responding to evolving cryptocurrency-related legal regulations in each country.

These are challenges faced by many Web3 projects, not just Pi Network.

Is “It has no value yet” true? The importance of having a long-term perspective

We also hear voices saying, “When will Pi become money?” or “Does it have no value yet?” However, Pi Network is not a project that pursues short-term profits, but a long-term attempt to build a new economic zone and social infrastructure. Instead of judging based only on the current price or exchangeability, it is important to watch and support the project from a long-term perspective, considering the vision it aims for, the progress of technological development, and the growth of the community.

What we Pioneers can do

Pi Network users are called “Pioneers.” We Pioneers can actively participate in the growth of the project, not just acquire Pi.

  • Keep learning: Deepen your knowledge about Pi Network and Web3, and understand information correctly.
  • Participate in the community: Interact with other Pioneers on official forums and social media, and exchange information.
  • Provide feedback: Actively express your opinions on the usability of the app and the project.
  • Try the ecosystem: Try out DApps under development in Pi Browser, or experience sending and receiving Pi on the testnet.

Each of your small actions can become a force that shapes the future of Pi Network.

Summary: Pi Network is a “Invitation to the Future” in Your Hands

So far, we have looked at the charm and potential of Pi Network and its connection to Web3. Pi Network is not just one of many cryptocurrencies; it is a grand attempt to transform the way the internet works and the structure of society itself into something more user-centric and fairer.

Discover the joy of “learning” with Pi Network

Participating in Pi Network is an excellent opportunity to learn about Web3, blockchain, and new forms of economy. Without shying away from it because it “seems difficult,” by gradually absorbing knowledge, your perspective on the future may change.

Experience the joy of “connecting” with Pi Network

Pi Network is a huge community with tens of millions of users (Pioneers) worldwide. Being able to connect with people from diverse backgrounds across borders towards a common goal is a major attraction unique to Pi Network.

Become a member who “creates the future” with Pi Network

Pi Network is not yet a completed project. That is why the contribution of each and every Pioneer greatly influences its future. Why not become a member who creates the history of the new internet?

Turn dreams into reality. Together with Pi Network, towards a new world

As mentioned in the source information, Web3 may hold the power to “turn your dreams into reality.” And Pi Network is trying to deliver that power into the hands of many people. Together with Pi Network, let’s believe in the possibilities of the future opened up by new technology and take a step forward. The Pi app on your smartphone is truly an “invitation to the future.”

Let’s continue this exciting journey together, keeping an eye on the latest information about Pi Network!

May 14, 2025: Predicting the Full Scope of the Major Announcement! Binance Listing Rumors and the Future of KYC/Migration?

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The cryptocurrency project “Pi Network” is the talk of the town. It has gained many users because it allows easy mining on smartphones, and attention is further increasing due to information that a “major announcement” regarding the ecosystem is scheduled for May 14, 2025. In particular, there are many points of interest, such as rumors of listing on Binance, one of the world’s largest cryptocurrency exchanges, the progress of KYC (Know Your Customer), and the advancement of migration to the mainnet. This article provides a thorough prediction and explanation of Pi Network’s basics, latest trends, and what might be revealed in the upcoming announcement, based on objective information and presented in an easy-to-understand manner for those without specialized knowledge. If you’re wondering, “I’ve been hearing a lot about Pi Network lately, but what’s so great about it?” or “What will happen to Pi Network in the future?”, please read on to the end!

What Exactly is Pi Network? A Basic Explanation for Beginners

First, let’s review the basics: “What is Pi Network?” In this section, we will gently explain what kind of project Pi Network is, what it aims to achieve, and why it has attracted so many people, avoiding technical jargon.

Pi Network is a cryptocurrency project launched in 2019 by Dr. Nicolas Kokkalis and Chengdiao Fan, who hold PhDs from Stanford University. Its biggest feature is that anyone can easily “mine” their own cryptocurrency called Pi Coin using a smartphone app. Normally, cryptocurrency mining requires high-performance computers and specialized knowledge, but Pi Network aims to make this more accessible.

You might be concerned, “But won’t mining on a smartphone consume a lot of battery?” Pi Network does not use a mechanism like the computational competition adopted by Bitcoin (Proof of Work). Instead, it employs a unique consensus algorithm based on trust relationships among users (similar to the Stellar Consensus Protocol), aiming to secure the network while reducing energy consumption. This ease of use and the expansion of the community through referrals are some of the reasons why it has gained many users (“Pioneers”) worldwide.

Easy Mining on Your Smartphone? How Pi Network Works

The mechanism is simple: install the Pi Network app and tap it once a day to continue mining. This is like proof that you are contributing to the network’s activity. No complicated settings or operations are required, making it easy for those new to cryptocurrency to get started. Some people might feel uneasy because it seems too simple, but this is because Pi Network has the vision of “cryptocurrency accessible to everyone.”

Aiming for “Cryptocurrency for Everyone” – Its Vision and Potential

Pi Network’s big goal is to become a decentralized digital currency that can be used daily by more people, not just a few experts or investors like Bitcoin. The project team aims to build its own economic ecosystem where goods and services can be traded using Pi. If this is realized, the way we shop and send money might change.

Pi Network So Far: From Test Phase to Open Mainnet

Pi Network has gone through several development phases. Initially, it was operated on a testnet (a testing network) where functional improvements and security enhancements were made. There is also information that the “Open Mainnet,” a more serious operational phase, was launched on February 20, 2025. This is a crucial step for Pi Coin to connect with external wallets and exchanges and gain practical value. However, at present, completely free trading is not yet widespread, and the future development of the ecosystem is key.

Attention! May 14, 2025, What Will Be Announced? CoinDesk Event and Nicolas Kokkalis’s Appearance

Now, let’s get to the main topic. Pi Network has announced that it will make an important announcement regarding its ecosystem on the first day of “Consensus 2025” (hosted by CoinDesk), a global conference on cryptocurrency and blockchain technology, held in Toronto, Canada, from May 14 to 16, 2025. In this section, we will explore why this announcement is attracting attention and what can be expected from the appearance of Nicolas Kokkalis, one of the founders.

The fact that Pi Network is making an announcement at such a large-scale international event can be seen as a sign of the project’s confidence. Normally, Pi Network would report after a new feature was implemented, but this time, the fact that they are announcing a “major announcement” in advance is unusual and is raising expectations within the community.

What is “Consensus 2025”? A Major Event Watched by the World

“Consensus” is one of the world’s most influential events, bringing together leaders, developers, investors, and regulators in the cryptocurrency and blockchain industry. An announcement here has the potential to improve the project’s credibility and lead to new partnerships. What will Pi Network say on such a grand stage?

Why Announce in Advance? What is Pi Network’s Aim?

Several aims can be considered behind the decision to announce in advance. One is to increase community engagement and build anticipation. Another is to attract the attention of media, potential investors, and developers, further increasing the project’s recognition. It could be seen as a stepping stone to the next big phase.

What is the Future of Pi Network as Told by Founder Nicolas Kokkalis?

It has been reported that Nicolas Kokkalis, one of the founders of Pi Network, will speak at the event. It is possible that he will speak about Pi Network’s achievements so far and its specific future roadmap and vision. In particular, if he mentions the challenges the project is facing and how they plan to overcome them, the community’s trust will deepen further.

[Bold Prediction ①] Most Likely? Possibility and Basis for Listing on Binance

The most anticipated aspect of this announcement is the possibility of Pi Network being listed on Binance, one of the world’s largest cryptocurrency exchanges. If realized, it could significantly impact Pi Network’s value and recognition. In this section, we will organize the background and basis for the listing rumors, as well as the potential benefits and risks if it becomes a reality.

Listing on Binance is a major goal for many cryptocurrency projects. This is because Binance has many users worldwide and a very large trading volume, so listing on it can significantly improve the liquidity (ease of trading) of the cryptocurrency and have a significant impact on price formation. Furthermore, being listed on Binance, known for its strict screening criteria, can serve as proof of the project’s reliability itself.

Why the Rumors? What is the Connection to the XLM Blockchain? (Based on Source Information)

In the YouTube video that is the source of this information, reasons cited for the high possibility of Pi Network listing on Binance include past instances where “Pi was deposited into an XLM (Stellar) deposit address” and the fact that “the XLM and Pi blockchains are similar.” Furthermore, information that “there was testing activity related to Pi Network in Binance’s Stellar deposit wallet” has recently become a topic of discussion within the community. If these are true, it might suggest that some preparations are underway behind the scenes.

However, this information is currently just rumors and speculation. It is important to carefully evaluate the information until an official announcement is made.

What Happens if Binance Listing is Realized? Expected Benefits and Potential Risks

If Pi Network is listed on Binance, the following benefits can be expected:

  • Increased Pi Coin trading activity: More people will be able to buy and sell Pi Coin, increasing liquidity.
  • Potential for price increase: Generally, listing on a major exchange is often seen as a positive factor for the price.
  • Improved project credibility: Passing Binance’s screening increases confidence in the project.
  • Accelerated ecosystem expansion: Increased attention may lead more people to develop new services and applications (DApps) using Pi.

On the other hand, the following risks and points to note should also be considered:

  • Increased price volatility: Immediately after listing, the price may surge due to anticipation, but there is also a risk of a sharp drop due to profit-taking sales, etc.
  • Increase in speculative trading: Trading aimed at short-term price fluctuations, rather than the project’s intrinsic value, may increase.
  • Disappointment if expectations are not met: If the listing does not materialize or the price after listing does not rise as expected, disappointment may spread within the community.

The Future of Pi Coin: KYC Deadline Approaching! Explaining Binance Listing and Price Potential

Let’s Evaluate Calmly: The Boundary Between Official Information and Rumors at Present

As reiterated, information regarding Binance listing is currently not officially announced by Pi Network or Binance. Whether this point is mentioned in the May 14 announcement is one of the biggest focal points, but until then, it is important to follow the information calmly without being swayed by rumors. There is also information that Binance previously considered deciding the listing of Pi Coin through a community vote, but it is unclear what happened to this as an official process.

[Bold Prediction ②] How Will the Ecosystem Evolve? The Importance of KYC and Migration

In addition to the rumors of Binance listing, announcements aimed at strengthening Pi Network’s own “ecosystem” are also expected. Particularly important are the progress of the KYC (Know Your Customer) process and “migration” (transition to the mainnet) to make Pi Coin fully usable. In this section, we will explain why these are important and what updates might be possible.

To realize Pi Network’s goal of “cryptocurrency for everyone,” building a robust and reliable ecosystem is essential. For this, KYC and migration are unavoidable paths.

PiNetwork Ecosystem Expansion – Collaboration with Multiple Blockchains and Future Potential

“KYC” to Protect Your Pi: Why is it Necessary? Future Updates?

KYC stands for “Know Your Customer,” which translates to “identity verification” in Japanese. It is the procedure for financial institutions and others to verify the identity of their customers when providing services. Why is KYC important for Pi Network?

  • Prevention of fraudulent use: It prevents a single user from obtaining an unfairly large amount of Pi Coin using multiple accounts or from being used for fraudulent activities such as money laundering.
  • Improved network reliability: The overall reliability of the network increases when all participants are verified as real individuals.
  • Compliance with legal regulations: It may be necessary to comply with laws and regulations in various countries and operate as a sustainable project.

Pi Network has been advancing the KYC process for some time, and many users have already completed verification (information suggests over 18 million as of December 2024). However, many users are still waiting for verification, and there is a demand for a smoother and faster KYC process. In this announcement, major updates regarding KYC, such as improving KYC processing capacity or introducing new verification methods, may be announced.

You might feel that “KYC is a hassle…”, but this is a very important step to protect the value of the Pi Coin you hold and for the healthy development of the entire Pi Network.

How Will Pi Change with “Migration”? What is Second Migration?

Migration, simply put, is like “moving house.” It refers to the process of transferring the Pi Coin you have mined on the testnet to your wallet on the “mainnet,” the production environment where value can actually be exchanged. Only after this is completed can you truly own Pi Coin and potentially use Pi for transactions in the future. Pi Network is already proceeding with migration to the mainnet, which is called “First Migration.” The source information also mentions “Second Migration,” which likely refers to the next phase of efforts to facilitate the migration of even more users or improve the migration process.

In this announcement, sharing of migration progress and future migration plans, especially specific details regarding “Second Migration,” may be revealed. Enabling more users to smoothly migrate to the mainnet is essential for the activation of the ecosystem.

Will Pi’s Value Increase with Ecosystem Enhancement? Announcement of Developer Tools?

The value of Pi Network increases not only through trading on exchanges but also by increasing the places and services (DApps: Decentralized Applications) where Pi Coin can actually be used. Therefore, creating an environment where developers can easily develop attractive apps on the Pi Network platform is also important. The source information mentions that “a large number of developer ecosystem applications are under review,” and in this announcement, new tools or support programs for developers, or the introduction of promising DApps that are already under development, may be announced. This holds the expectation that the Pi Network ecosystem will expand rapidly.

To Avoid Getting Lost in the Sea of Information: What We Should Keep in Mind

We have looked at various predictions and possibilities so far, but it is also important to maintain a calm perspective when encountering new information. In this section, we will think together with readers about points to note when gathering information about Pi Network and how to approach expectations.

Especially for projects like Pi Network, where the community is active and various information is flying around, selecting information is very important. The feeling of anticipation, “Maybe something amazing will happen!”, is exciting, but we also want to maintain calmness at the same time.

Rumors and Expectations First? Get in the Habit of Checking Official Information

The predictions regarding the possibility of Binance listing and the evolution of the ecosystem introduced in this article are also based solely on current information and the YouTube source information. The most reliable source is the official announcement from the Pi Network operating team (Pi Core Team). Get in the habit of regularly checking the official website, official social media accounts (like X), and in-app announcements. Be careful not to be swayed by uncertain information or information that is merely personal speculation.

“You’ll Definitely Make Money” is a Danger Signal! Understand the Risks of Cryptocurrency Investment

Not limited to Pi Network, investment or participation in cryptocurrency always involves risks. There is a possibility of significant price fluctuations, and there is also a non-zero possibility that the project may not proceed as expected. Be wary of sweet words like “You’ll definitely make money” or “You’ll lose out if you don’t join now.” It is important to understand that Pi Network is still a developing project, and its future is largely unknown. This article is not intended as investment advice. Please gather information and participate in the project based on your own judgment and responsibility.

Community Voices and Project Progress: Balanced Information Gathering

One of the big attractions of Pi Network is its active community. The opinions and discussions of other users can be helpful, but on the other hand, they can also be biased towards enthusiastic opinions or unfounded optimism. While listening to the voices of the community, it is important to maintain a balanced perspective by comparing them with objective information such as the project’s technical progress and official announcements.

Summary: What Will the Future of Pi Network Be? Let’s Watch with Expectation and a Calm Perspective

Finally, the summary. Pi Network is a unique project that sets a grand vision and continues to evolve with many users. Expectations are high for how this major announcement will accelerate its progress. Finally, let’s reconfirm how we should approach the future of Pi Network.

The Pi Network ecosystem announcement on May 14, 2025, has the potential to be a major turning point for the project. Many expectations are placed on it, such as rumors of listing on Binance, further progress in the KYC process, acceleration of migration, and the emergence of new DApps that enrich the ecosystem.

However, no matter what announcement is made, Pi Network’s journey has just begun. A sense of “Ah, I see!” along with a desire to learn more and try it out might be the key to enjoying this new technology.

When encountering new information, don’t forget to maintain a calm perspective along with expectation, and wait for the official announcement. And it is important to evaluate the information yourself and watch how the Pi Network project has the potential to change society from a long-term perspective.

We hope this article helps you understand the latest trends in Pi Network and pay attention to future developments. We wish your Pi Network life will be richer and more exciting!

What do you think about the content of this announcement? Please share your opinions in the comments! Also, keep an eye on Pi Network’s official announcements and continue to check for the latest information.

Dr. Nicholas on True Value and the Path to Ecosystem Building

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Many Pioneers may be feeling anxious looking at the recent Pi Coin price chart and its sharp decline. Having recorded a drop of approximately 80% from its peak, there is widespread unease within the community. However, this may not be just an end, but a new beginning, or an opportunity to understand the true essence of the Pi Network. This article delves into the current situation and considers the true value that the Pi Network aims for.

The Core Team’s Stance During Difficult Times

The Pi Network is currently facing a challenging period. The price has fallen significantly, and many critical opinions are being heard. Many Pioneers may be disheartened. However, it is precisely in such situations that the true nature of the project becomes visible.

Dr. Nicolas Kokkalis, one of the co-founders of the Pi Network, emphasizes the importance of a team that continues to move forward even in difficult circumstances. What is important is not a team that only operates when things are going smoothly, but one that supports building without giving up even in adversity. And the Pi Core Team is doing just that right now, continuing development and moving the project forward amidst the turmoil.

The current price is hovering around $0.6, and there are voices lamenting, “Is this the result of 6 years of mining?” and views that Pi has failed. However, this may be a misunderstanding stemming from not fully comprehending what the Pi Network aims for, especially the true value of Pi Coin.

Misunderstanding Regarding Pi Coin’s Value: Price Isn’t Everything

Many people, even enthusiastic Pioneers, may not fully understand what the Pi Network is trying to achieve, particularly the intrinsic value of Pi Coin. Consider this for a moment. If you can mine 100 Pi per day, even at $0.6 per coin, that’s $60 worth per day. Even if it’s just 10 Pi per day, that’s $6. Is this truly worthless?

What determines whether a price is high or low is not just the number on the screen. What matters is what that number means in the context of how Pi is acquired and how it is used. The Pi Network is different from Bitcoin. Pioneers continue to acquire Pi every day, and the game is not over.

Pi Network’s Potential and the Dynamics of Price Formation

From a broader perspective, the maximum supply of Pi Network is 100 billion Pi. If this were fully circulated in the market, the theoretical market capitalization would be around $60 billion, holding the potential to rank among the top 10 cryptocurrencies globally. This figure suggests the magnitude of the potential we currently hold.

However, the current price is being driven by a tug-of-war between three main forces within the Pi community:

  • Miners (Pioneers, Node Operators): They supply Pi to the market. Naturally, they hope for the price to rise, and some dream of becoming rich with Pi. They are the supply side.
  • Users (App Developers, Creators, General Users): They actually use Pi. For example, Pi is needed to make posts stand out on Fireside Forum. They want Pi to be affordable. The lower the price, the more activity is possible. They are the demand side.
  • Ecosystem Coordinators (Pi Core Team, Exchanges): They manage large amounts of Pi and can control the supply to the market. Their role is to stabilize the economy as usage expands. If there is too much supply, the price will crash; if there is too little, no one can use it.

The ideal price is formed where the supply from miners meets the demand from users. However, currently, demand is still low. If many holders lose confidence and rush to sell simultaneously, the system could become unstable. This is why the Pi Core Team’s role in balancing is more important than ever.

The Importance of Utility and Ecosystem Building

Many Pioneers may think that if they stop mining, the project will end, but that is not necessarily correct. What is important is not the presence or absence of individual mining activity, but that Pi Coin is actually used, in other words, utility.

What the Pi Network truly needs now are people who use Pi Coin in the real world. Developers who build apps, people who trade goods and services using Pi, and Pioneers who not only mine but also use, spread, and innovate with Pi. As concrete steps, the introduction of the Pi Ad Network and the development of dApps (decentralized applications) such as 1Pi Mall (E-commerce), Workforce Pool (Freelance Marketplace), and Map of Pi (Pi Payment Enabled Store Finder) are underway.

The Significance of Consensus 2025

Dr. Nicolas Kokkalis’s participation in major conferences like Consensus 2025 is extremely significant. Such events are like magnets that attract developers, investors, and future partners. His participation provides an excellent opportunity to present the Pi Network to those who can build the future of the ecosystem.

Time to Discard Hype and Take Action

Hype like “Pi will be $1000 soon” or “You’ll get rich overnight” no longer helps the Pi Network. That phase has passed. It’s time to face reality. What Pi needs is not miners with excessive expectations, but true contributors.

Stop fueling FOMO (Fear Of Missing Out) and stop dreaming without taking action. Belief alone is just a wish.

A Call to Pioneers: Act as Builders

If you truly believe in the Pi Network and its principles (a decentralized future, financial empowerment, a community-driven economy), now is the time to act. It’s not the time to just wait for a miraculous price surge or expect exchange listings to change your life. True progress comes from participation, contribution, and commitment.

  • Support businesses that use Pi.
  • Educate new Pioneers.
  • Help build real-world utility for Pi Coin.

Your active involvement has never been more crucial. Don’t just hold Pi Coin like a lottery ticket; use it. Pay with Pi in businesses, exchange it for goods and services, and show the world that this is not just a coin, but a movement with true value, supported by a participating community, not speculation.

Support Pioneers who are developing apps, Pioneers who are running businesses using Pi, and those who are promoting adoption, even if they are just starting out. That’s how the ecosystem grows. Every time you support a Pi transaction, every time you engage with a Pi project, you are proving its use case and helping to increase the value of the entire network.

We have prioritized truth, transparency, and the responsibility to create the future we desire over hype. If you say you believe in Pi, show it with action. Belief without effort is just noise.

Conclusion: The Future Depends on Utility

The decline in Pi Coin’s price is the result of many intertwined factors, but it does not necessarily mean the end of the project. Rather, it suggests that the speculative frenzy has cooled, and it is time to focus on true value: utility and ecosystem building. Now that we have transitioned to the Open Mainnet phase in February 2025, the future of the Pi Network depends on how actively each and every one of us Pioneers participates and “uses” Pi, not just as miners, but as builders of the ecosystem.

What kind of apps and services would you like to see in the Pi Network ecosystem? Share your ideas in the comments.

Pi Network Latest Update: Verified Game “Fruity Pie” Launches!

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Pi Network is a cryptocurrency project that is attracting attention from millions of Pioneers (users) around the world. Recently, there have been some interesting developments within the Pi ecosystem. This article provides the latest information on the new verified game “Fruity Pie” that has appeared in the Pi Browser, and plans for 100 future applications.

Long-Awaited First Verified App: The “Fruity Pie” Game Appears!

As a big step towards expanding the Pi Network ecosystem, within the Pi Browser, the first verified application has appeared. Its name is “Fruity Pie”.

What is Fruity Pie?

Fruity Pie is a simple puzzle game accessible from the “Explore the ecosystem” section of the Pi Browser. While many apps have been listed with an “Unverified” mark until now, Fruity Pie has been officially verified by the Pi Network and given a blue checkmark. This allows Pioneers to enjoy the game with peace of mind.

How to Play the Game and Pi Rewards

Gameplay is very intuitive. You match items (fruits and vegetables) falling from the top of the screen by making them touch the same type of item at the bottom of the screen. Successfully matching increases your score, and through gameplay, you can potentially earn Pi coins as a reward.

  • Fruit Mode: Various fruits appear, such as lychee, kiwi, dragon fruit, coconut, watermelon, and pomegranate. Match the same fruits together.
  • Salad Mode: Familiar salad vegetables appear, such as potatoes, tomatoes, cabbage, mushrooms, cucumbers, onions, and beets. Match the same vegetables together.

This shows Pi Network’s stance of trying to provide applications that not only offer entertainment but also give incentives to users.

(It’s pretty much like Suika Game…)

The Importance of Being “Verified”

It is very important that Fruity Pie is “verified”. This means that the Pi Network core team has confirmed the app’s safety and suitability for the ecosystem. As will be discussed later, unverified apps can carry risks, so the appearance of a verified app is a significant step forward towards the ecosystem’s maturity.

Expanding Ecosystem: Aiming for 100 Apps

The appearance of Fruity Pie is just the beginning. After the mainnet launch, Pi Network aims to build 100 diverse applications within the ecosystem that Pioneers can utilize in the real world.

Examples of Planned Applications

Currently, within the Pi Browser, there are concepts for promising applications like the following, but it is important to note that these are still unverified.

  • Map of Pi: An app to find local stores and services where Pi can be used.
  • Pi To Go: An app to use Pi for booking transportation, etc.
  • Care for Pi: A healthcare-related service app.
  • Shopping with Pi: An app to enable Pi payment for online shopping.

If these apps are verified and become actually available, Pi’s utility will dramatically increase.

Support for Developers and Vision

Pi Network encourages the developer community to develop applications that Pioneers can use easily and safely. The enrichment of the ecosystem is an indispensable factor in increasing Pi’s value.

Interesting Speculation: Connection Between Dr. Nicolas and Satoshi Nakamoto?

Recently, a very interesting topic has been rapidly spreading within a part of the Pi Network community. It is speculation about the connection between Dr. Nicolas Kokkalis, the founder of Pi, and Satoshi Nakamoto, the mysterious founder of Bitcoin.

Origin of the Topic

This speculation began with the observation that a sketch of Satoshi Nakamoto (an image said to be posted on what is claimed to be the official Bitcoin Twitter account) and a photo of Dr. Nicolas’s face are surprisingly similar.

“The faces of Satoshi Nakamoto, who created Bitcoin, and Dr. Nicolas, who created Pi, are identical. Could it be that Dr. Nicolas is Satoshi Nakamoto himself?”

Such voices are spreading, mainly on social media.

Potential Impact on Pi’s Value

Of course, this is currently unfounded speculation only. However, if this theory were true, it would mean that the person who created the origin of cryptocurrency, Bitcoin, is working on the Pi Network. This has become a major factor in greatly inflating expectations for Pi’s future value, by overlapping it with the historical success of Bitcoin.

When Bitcoin first appeared in 2008, very few people could accurately predict its value. Similarly, the future value of Pi is unknown, but topics like this are contributing to increased interest in the project.

Success of Pi Fest

A video recently posted on the Pi Network home screen reports the success of “Pi Fest” held around the world. This event served as an important testbed to demonstrate the practicality of the Pi ecosystem.

Impressive Transaction Results

According to the data presented in the video, there was active movement during the Pi Fest period as follows:

  • 1.225 million sellers registered.
  • Of these, 58 thousand were active sellers who actually conducted transactions.
  • 1.8 million buyers used the Map of Pi app to contact sellers and purchase goods and services with Pi.

It was shown that a wide range of goods and services were traded with Pi, including Thai food, mobile phones, restaurant meals, transportation services, beverages, snacks, clinic consultations, vegetables, and electrical appliances.

Important Advice for Pioneers

The situation surrounding Pi Network changes daily, but there are several important points that Pioneers should keep in mind.

Keep Holding Pi: Don’t Be Swayed by Exchange Prices

Currently, Pi (IOU) is listed on some cryptocurrency exchanges and is trading at a relatively low price (e.g., $0.65 ≈ around 100 JPY *Reference value based on conversation as of 2024 and subject to change). However, these are unofficial prices before the mainnet launch, and it is pointed out that they are likely highly influenced by price manipulation by exchanges. The true value of Pi depends on the development of the ecosystem and the realization of GCV after the mainnet launch. Don’t be swayed by short-term price fluctuations, and it is recommended to continue holding Pi from a long-term perspective.

Security First: Be Cautious of Unverified Apps

Many apps are appearing in the Pi Browser, but please be very careful when using apps without the “Verified” mark. Some may display malicious advertisements or be dangerous apps that try to steal Pi or personal information through phishing scams. When using an app, always check if it is verified, and if you feel even slightly suspicious, refrain from using it.

Never Share Your Passphrase

This is the most important point to note. Your access key to your wallet, your passphrase (private key), must never be shared with anyone. Even if someone claims to be a support representative, they will never ask for your passphrase. If you lose your passphrase or it becomes known to others, you will permanently lose the Pi in your wallet.

Conclusion: Patience and Future Outlook

Pi Network is steadily moving forward with the release of the verified app “Fruity Pie” and the plan for 100 apps. Topics like the speculation regarding Dr. Nicolas and Satoshi Nakamoto are also helping to maintain interest in the project.

However, the full operation of the mainnet and the realization of GCV still require time. Pioneers are required to patiently watch the project’s development and maintain a high level of security awareness. It is important for the entire community to support the project, aiming for the day when the Pi ecosystem matures and Pi is widely used in real society.