A crucial KYC (Know Your Customer) deadline for Pi Network users is approaching today, February 28th at 9 AM. After this deadline, users who have not completed KYC may lose a portion of the Pi coins they have mined, unless they utilize the grace period for Mainnet migration. This article provides a detailed explanation of the latest developments in the Pi Network, the possibility of listing on Binance, price predictions, and its future.

KYC Deadline and Its Importance

The Pi Network KYC deadline is February 28, 2025. This process is essential for ensuring the network’s reliability, eliminating fraudulent and duplicate accounts, and ensuring that only genuine users hold Pi coins. Completing KYC allows full use and transfer of Pi coins on the Mainnet.

How to Complete the KYC Process:

• Install the Pi app or Pi Browser and start the KYC application from the ‘Mainnet Checklist’ within the app.
• Fill in the required information using a government-issued ID.
• Complete face verification (liveness check) and submit the application.

Binance Listing and Market Impact

The potential listing of Pi coin on major cryptocurrency exchanges like Binance is a hot topic. In a community poll on Binance as of February 27th, approximately 85% supported the listing, attracting significant market attention to this expectation. If this move materializes, it could be a significant turning point for the entire community. A listing on Binance could significantly enhance the liquidity and market value of Pi coin.

Expected Impacts of Listing

• Increased Liquidity: More investors will have access.
• Price Volatility: While a price surge due to increased demand is expected immediately after listing, subsequent adjustments are also possible.
• Improved Credibility: Meeting Binance standards will increase investor trust.

Impacts of Binance Listing

Binance is one of the world’s largest cryptocurrency exchanges, with a user base exceeding tens of millions. If Pi coin is listed, the following impacts are possible:

• Short-term Price Increase: Based on past examples, a price increase due to increased demand is expected immediately after listing, but the specific value depends on market conditions.
• Medium to Long-term Stability: Price stability requires sustained demand driven by partnerships with companies and expansion of practical use cases.

Mainnet Launch and Future Outlook

The Mainnet officially launched on February 20, 2025, moving the Pi Network into a new phase. This allows for transfers to external wallets and trading on exchanges, and expansion of the ecosystem is anticipated.

Key Points to Watch:

• KYC Completion Rate: The entire ecosystem is strengthened as more users complete the KYC process.
• Partnerships: Expansion of adoption through partnerships with new exchanges and companies.
• Community Activity: An active community is key to project success.

Risks and Challenges

On the other hand, Pi Network also faces the following risks:

• Selling Pressure from Early Miners: It is believed that early miners hold a large number of tokens, and there is a risk of price decline due to mass selling after listing.
• Regulatory Risks: There is a possibility of facing criticism in some regions (e.g., China) and legal issues such as securities regulations.

Conclusion

With the KYC deadline and the possibility of a Binance listing, 2025 is a crucial year for the Pi Network. These developments will contribute to the increase in Pi coin’s value and the expansion of the ecosystem. This innovative project remains one to watch.

The KYC deadline is fast approaching. If you haven’t completed the process yet, act now!