Pi Network is a groundbreaking project that allows you to mine cryptocurrency using your smartphone. It is currently in the testnet phase, so actual transactions are not possible, but it is planned to migrate to the mainnet in the future.

Mainnet means that Pi’s blockchain will be publicly released, allowing anyone to participate. Once on the mainnet, Pi will be manageable and exchangeable on exchanges and wallets, just like other cryptocurrencies.

However, migrating to the mainnet requires several conditions. The development team aims to transition to the mainnet’s Open Network period in 2024, but only if the following three conditions are met. (Summarized from content posted on the official blog on December 27, 2023)

→Open Mainnet did not happen in 2024.
It was announced that it will open in Q1 2025, so please refer to this.
Pi Network [Latest Information] Mainnet Migration Decided for Q1 2025! Summary of KYC Verification and Migration Status

In this article, we will explain what the necessary conditions for Pi Network’s mainnet migration are and what Pi Network’s KYC is.

What are the necessary conditions for Pi Network’s mainnet migration?

The Pi Network development team announced that they will transition to the mainnet’s Open Network period in 2024. Open Network means that Pi’s blockchain will be publicly released, allowing anyone to participate.

However, to transition to the Open Network, the following three conditions must be met.

Condition 1: Completion of Open Network preparation work in terms of technology, product, business, and legal aspects

Achieving this condition is primarily the work of the development team. Most of this preparation work is listed in the projects also published as the V2 roadmap. This roadmap will continue to be updated.

The roadmap includes items such as the following:

• Development and testing of Pi Node
• Development and testing of Pi Wallet
• Improvement and expansion of Pi Apps
• Development and testing of Pi Platform
• Optimization and testing of Pi Consensus Algorithm
• Evaluation of Pi Blockchain security and performance
• Education and awareness of the Pi community
• Addressing Pi’s legal, regulatory, and compliance matters

Once these tasks are completed and the Pi Network is deemed ready for the Open Network, Condition 1 will be achieved.

Condition 2: Achieving the following goals in terms of KYC, Migration, and Utility Creation

Achieving this condition is primarily the work of the Pioneer community. Pioneers are users participating in the Pi Network. Pioneers need to achieve the following goals in terms of KYC, Migration, and Utility Creation.

• KYC and Migration: 15 million Pioneers who have passed KYC, and 10 million Pioneers who have migrated to the mainnet.
• Utility: 100 different applications that are mainnet or mainnet-compatible, comply with Pi’s platform policies, and provide genuine needs and value to the Pi ecosystem.

KYC stands for Know Your Customer, which is a necessary procedure to participate in the mainnet blockchain. To pass KYC, you need to submit your photo, identification documents, etc., using the Yoti app, which is an official partner of Pi Network. Pioneers who have passed KYC can move their Pi to their wallet when migrating to the mainnet. Although it is said that over 15 million people need to pass KYC, the administrator is hopeful as many passing reports have been coming in recently.

Migration is the process of moving from the testnet to the mainnet. To migrate to the mainnet, you need to download and install an application called Pi Node on your computer. Pi Node plays a role in participating in Pi’s blockchain, verifying transactions, and generating new blocks. Pioneers who have migrated to the mainnet become part of Pi’s blockchain and can contribute to Pi’s security and performance.

Utility is about increasing the value and use cases of Pi’s cryptocurrency. To create utility, you need to develop and use various applications using the Pi platform. You need to develop and use various applications using the Pi platform. The Pi platform is a place where you can buy and sell goods and services, accept advertisements and donations, and provide entertainment such as games and social media using Pi’s cryptocurrency. The Pi platform already has applications like the following:

• Pi Lifestyle: An application where you can purchase goods such as fashion and beauty products or sell your own products using Pi’s cryptocurrency.
• Pi Brainchain: An application where you can share knowledge and skills or learn using Pi’s cryptocurrency.
• Pi Music: An application where you can listen to music and podcasts or publish your own works using Pi’s cryptocurrency.
• Pi Games: An application where you can play games or develop your own games using Pi’s cryptocurrency.

These applications comply with Pi’s platform policies and provide genuine needs and value to the Pi ecosystem. Pi’s platform policies are the rules and guidelines that applications participating in the Pi platform must follow. Pi’s platform policies include items such as the following:

• Usage of Pi cryptocurrency: Pi cryptocurrency can only be used within the Pi platform, and exchange with other cryptocurrencies or fiat currencies is prohibited.
• Supply of Pi cryptocurrency: The supply of Pi cryptocurrency is determined by the Pi blockchain’s consensus algorithm, and applications cannot affect the supply of Pi cryptocurrency.
• Price of Pi cryptocurrency: The price of Pi cryptocurrency is determined by the balance of supply and demand within the Pi platform, and applications cannot affect the price of Pi cryptocurrency.
• Security of Pi cryptocurrency: The security of Pi cryptocurrency depends on the security of the Pi blockchain, and applications cannot affect the security of Pi cryptocurrency.
• Transparency of Pi cryptocurrency: The transparency of Pi cryptocurrency depends on the public nature of the Pi blockchain, and applications cannot affect the transparency of Pi cryptocurrency.
• Ethics of Pi cryptocurrency: The ethics of Pi cryptocurrency depend on the values of the Pi community, and applications cannot affect the ethics of Pi cryptocurrency.

When there are 100 of these applications, the utility of Pi’s cryptocurrency will greatly improve, and the Pi ecosystem will become more active.

Condition 3: External conditions are suitable for the Open Network

Achieving this condition is often outside the control of the development team and the Pioneer community. This includes factors such as political, economic, social, legal, and regulatory factors. These factors can affect the timing and method of migrating to the Open Network.

For example, the following situations can be considered:

• Increased regulations and restrictions on cryptocurrency, increasing legal risks when participating in the Open Network.
• Decreased demand and interest in cryptocurrency, reducing the incentive to participate in the Open Network.
• Increased attacks and fraud on cryptocurrency, undermining the security and reliability of the Open Network.

These situations are unfavorable for migrating to the Open Network. Conversely, the following situations can be considered:

• Relaxed regulations and restrictions on cryptocurrency, reducing legal risks when participating in the Open Network.
• Increased demand and interest in cryptocurrency, increasing the incentive to participate in the Open Network.
• Decreased attacks and fraud on cryptocurrency, improving the security and reliability of the Open Network.

The development team constantly monitors these external conditions and determines the optimal timing and method for migrating to the Open Network.

These conditions are based on Pi Network’s long-term goals and strategy and are considered achievable within 2024. By migrating to the Open Network, Pi Network can move closer to its vision of building the world’s most inclusive peer-to-peer ecosystem and online experience.

What are the necessary steps for Pi Network’s mainnet migration?

Regarding Pi Network’s mainnet migration, the following steps are required:

1. First, you need to pass KYC (Know Your Customer). KYC is the process by which the Pi Network operations team verifies the identity of Pioneers. For KYC, you are required to submit documents such as a photo of your face and passport using the Yoti app. Once you pass KYC, you can migrate the Pi you have mined to the mainnet.
2. Next, you need to check the Mainnet Checklist. The Mainnet Checklist is a list of things you can do to migrate to the mainnet, displayed on the Pi Network home screen. The checklist includes items such as the following:
   • Read the Pi White Paper
   • Try using the Pi Test Wallet
   • Join the Pi community
   • Check the Pi Roadmap
   • Suggest ideas to increase Pi’s utility
   • Develop a Pi App
   • Set up Pi Lockup
   • Migrate to Pi Mainnet
3. Finally, you need to perform the mainnet migration. Mainnet migration is the procedure to make the Pi accumulated in the mining app usable on the mainnet. To perform mainnet migration, the following steps are required:
   • After passing the KYC review, press “Proceed to Mainnet” from the home screen.
   • Press the Mainnet Checklist.
   • Press “7. Migrate to Mainnet”.
   • Scroll down and press “I ACCEPT”.
   • Enter your wallet passphrase.

Detailed explanation with images here
https://pinetwork.masters-all.com/pinetwork-kyc%ef%bc%88%e6%9c%ac%e4%ba%ba%e7%a2%ba%e8%aa%8d%ef%bc%89%e3%81%ae%e6%96%B9%e6%B3%95%E3%81%AB%E3%81%A4%E3%81%84%E3%81%A6/

Explanation of operations after passing KYC here
https://pinetwork.masters-all.com/kyc-after/

The above is the detailed information about Pi Network’s mainnet migration. Pi Network has the potential to become a project that will go down in the history of cryptocurrency. Let’s work together towards the Open Network!

Original official blog post summarized from
2024 Update | Pi Network (minepi.com)