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Pi Network & Generative AI: Full-Scale Integration Begins. Shocking Consensus Appearance and Pi2Day Prospects Explained

A single announcement displayed on the Pi Network mobile app has spread great anticipation and excitement throughout the global community. A major announcement concerning its core strategy, “Generative AI (Gen AI)”, has been teased for “Pi2Day” on June 28, 2025, the project’s anniversary. This move could mark a historic turning point, evolving Pi Network from a mere cryptocurrency project into a broader Web3 ecosystem.

This article will delve deeply into the founders’ movements behind this significant announcement and the possibilities it unlocks, based on the latest objective information, explained in an easy-to-understand manner for everyone.

### The Beginning of Everything: Founder Speaks at Consensus 2025

In 2025, a highly symbolic event indicated Pi Network’s transition to its next stage. Dr. Nicolas Kokkalis, one of the founders, took the stage at “Consensus 2025”, one of the world’s largest blockchain conferences.

Consensus is one of the most prestigious events where industry leaders, developers, and investors from around the globe gather to discuss the future of technology. There, Dr. Kokkalis participated in a panel discussion on “AI and Blockchain Infrastructure,” a theme directly addressing the core of our era. His remarks there held significant meaning, showcasing Pi Network’s grand vision to the world.

“AI, especially Generative AI, has made tremendous progress. We are now at the stage of actually building excellent applications and products using this technology.”

This statement strongly conveyed that Pi Network’s AI strategy is no longer just a concept but has entered a concrete phase aimed at practical implementation, decisively raising expectations for the upcoming “Pi2Day”.

### [Nicholas Kokkalis’s Consensus 2025 Speech] What is the ‘Foundation of Trust in the AI Era’ that Pi Network is Building? KYC, Value Distribution, and Vision for the Future

### Why are ‘Generative AI’ and ‘Blockchain’ the Strongest Tag Team?

To deeply understand its relationship with Pi Network, let’s first briefly outline the fundamental reasons why “Generative AI” and “Blockchain” are considered such a strong combination.

* **Generative AI:** Artificial intelligence that learns from vast amounts of data and creates new content from scratch, such as text, images, and program code. Its capabilities are immeasurable, but it faces challenges like “information veracity” and “opaqueness of decision-making processes”.
* **Blockchain:** A technology that records transactions and data in “blocks” and links them like a “chain,” making tampering extremely difficult. Its essence lies in “ensuring trustworthiness”.

When these two are combined, a powerful synergy emerges. For example, by recording AI’s decision-making processes and training data on a blockchain, anyone can verify their transparency and fairness. Conversely, AI can evolve “smart contracts” that automatically execute complex contractual terms into more advanced and secure ones.

### What is the ‘Foundation of Trust in the AI Era’ that Pi Network is Building?

What Dr. Kokkalis particularly emphasized at Consensus 2025 was the importance of “trust” in the AI era. In a future where AI can create vast numbers of realistic fake accounts (bots), the value of proving that “the entity behind an account is truly a unique human” is immeasurable.

Here, Pi Network’s unique strength, built over many years, plays a decisive role.

Pi Network’s greatest asset is its vast global network of real humans who have completed KYC (Know Your Customer) verification.

This “human-verified” network can be both the best teacher and the best customer for AI. For example, it provides an unshakeable foundation for preventing AI services from being abused by malicious bots, or for fairly distributing the value generated by AI not to a few giant corporations, but to the real people who contributed to the network.

### Ecosystem’s Current Status: Objective Growth of Pi Network with Latest Data

While the vision is grand, the project’s foundation is also steadily solidifying. Let’s look at the objective growth of the Pi Network ecosystem based on the latest publicly available data.

| Metric | Value |
| :——————————— | :—————– |
| Users who completed Mainnet migration | Over 13 million |
| Total Pi migrated to Mainnet | Over 7.4 billion Pi |
| ┗ Of which, Pi voluntarily locked up | 5.2 billion Pi (approx. 70%) |
| ┗ Pi available for ecosystem use | 2.2 billion Pi |
| Number of active nodes operating worldwide | Over 400,000 |

*Numbers fluctuate regularly. Please refer to official announcements for the latest information.

These figures serve as objective evidence that the project is not just a theoretical concept but is supported by an active community and infrastructure geared towards practical implementation.

### Future Outlook: What Will Be Revealed at the Approaching ‘Pi2Day 2025’?

And now, all attention is focused on the upcoming “Pi2Day” on June 28, 2025. The Consensus 2025 announcement can be seen as a grand prelude to this day. The Pi Core Team, the operating body of Pi, alluded to Dr. Kokkalis’s appearance in an official message, clearly indicating that the answers regarding the relationship between Generative AI and Pi Network will be revealed on Pi2Day.

More specific details are expected in this year’s announcement, such as:

* **AI Strategy Roadmap:** Detailed stages and timelines for integrating Generative AI into the Pi ecosystem.
* **Release of Developer Tools:** Announcement of tools (e.g., APIs) for developers to build new AI-powered applications on the Pi platform.
* **Introduction of Specific Use Cases:** Demonstration of the first official application leveraging Generative AI.

These could be the final puzzle pieces for Pi Network’s transition to the long-awaited Open Mainnet (a state where anyone can freely transact).

### Summary: Key Points to Watch as Pi Network Enters its Next Chapter

Dr. Nicolas Kokkalis’s appearance at Consensus 2025 served as a signal that Pi Network has entered a new chapter.

* **Clarification of Vision:** Pi Network’s core strategy, “integration with Generative AI,” was clearly demonstrated on the world’s highest stage.
* **Core of Uniqueness:** The foundation of this strategy lies in maximizing the inherent value of Pi’s “KYC-verified human network” in the AI era.
* **Date to Watch:** “Pi2Day” on June 28, 2025, will be an extremely important date for learning the concrete details of this grand plan.

This could offer a glimpse into a future socio-economic model where decentralized technology and artificial intelligence converge, going beyond the mere framework of cryptocurrency. Without being swayed by speculation, let’s closely watch for official announcements from Pi Network’s official channels and witness this historic step of the project together.

Pi Network: The Truth About ‘KYC Expiration’ and What Happens to Unverified Accounts’ Pi Coins – An Analysis Based on Official Information

Within the Pi Network user community, information is circulating that the “KYC (Know Your Customer) application deadline has passed” and “unverified accounts will lose their coins.” Many may feel anxious about the fate of their assets. Meanwhile, encouraging rumors like “the Open Mainnet has launched” are also being heard.

For those seeking to verify the truth amidst conflicting information, this article objectively analyzes the latest situation regarding Pi Network’s KYC, based on reliable external sources and official announcements. Reading this article will help you accurately understand the current status and build a foundation for calmly deciding what actions to take now.

At the Heart of the Discussion: The Truth Behind the Claim “KYC Ended on March 14, 2025”

First, let’s explain the date “March 14, 2025,” which has garnered significant attention within the community. This date was indeed a crucial milestone for Pi Network. According to multiple sources, this day was widely announced as the “final deadline for the grace period” for KYC and migration procedures, allowing users to transfer their mined Pi to the Mainnet (the live, operational network).

While this is slightly different from a declaration that “no new KYC applications will be accepted ever again after this date,” it is true that completing identity verification by this deadline was extremely important for securely retaining the Pi coins mined up to that point. The setting of this deadline is positioned as a crucial step to advance the project to its next phase.

What Happens to Mined Pi Coins If KYC Is Not Completed?

So, if KYC was not completed by the deadline, will the mined Pi coins truly be “forfeited”?

According to information closely aligned with official policy, Pi remaining in accounts with uncompleted KYC may eventually be invalidated and reallocated as incentives for the active, verified community. This is not merely a punitive “forfeiture.” This measure has clear objectives to protect the project’s integrity, such as:

  • Elimination of Fake Accounts: Prevents one individual from unfairly earning coins through multiple accounts.
  • Maintenance of Network Fairness: Ensures assets are distributed to genuine users (Pioneers) who are actually active and contributing.
  • Ensuring Security: Protects the entire network from misuse and attacks.

In other words, this mechanism is a measure based on logical judgment, intended to maintain the long-term value and trustworthiness of the entire ecosystem.

[By Situation] Your KYC Status and What You Should Check Now

Your future outlook and interpretation will vary depending on your current situation. Here, we organize the current status into three main cases.

Case 1: Applied Before the Deadline, But Still “Pending Approval”

Many may have applied for KYC before March 14, 2025, but their status remains “under review” or “pending approval.” In that case, there might be no need for excessive worry.

Pi Network is a massive community of tens of millions of users, processing an enormous number of applications using a combination of manual and automated systems. Therefore, it is expected that the review process will take time. Although not officially confirmed, it is believed that applications submitted before the deadline are still being processed. The basic stance is to wait patiently for your status to be updated within the app.

Case 2: KYC Already “Approved”

Those who have successfully passed KYC have gained the right to fully participate in the Pi ecosystem. Specifically, by progressing through the items on the “Mainnet Checklist” within the Pi app, you can migrate your Pi to your Mainnet wallet.

Here’s one important point: while there’s information circulating that “the Open Mainnet has launched,” this is not accurate at present. As of 2025, Pi Network is in the “Enclosed Network” phase. This means that while Pi’s blockchain is operational, it is intentionally not connected to external exchanges or other blockchains. Approved users can engage in the following activities within this closed network:

  • Sending and receiving Pi among users.
  • Making payments and using compatible applications (DApps) developed on the Pi Browser.

Listing on external exchanges or exchanging with other cryptocurrencies requires waiting for the next “Open Mainnet” phase.

Case 3: Missed the Opportunity to Apply for KYC

There may be some who missed the KYC application by the deadline or haven’t had the opportunity to apply at all yet. While hopeful speculation about a “second wave of KYC” is whispered within the community, there are currently no such official announcements.

However, it is also suggested that the path is not entirely closed. Pi Network is showing signs of expanding participation in its ecosystem, such as partnering with external KYC service providers (e.g., Banxa) and piloting new wallet creation flows. While there’s a non-zero possibility that additional identity verification opportunities might be provided in some form in the future, it remains uncertain. For now, we can only wait for official announcements from Pi Network.

Is “Open Mainnet” Still Distant? Three Conditions for Migration

The key to the project’s ultimate success lies in the migration to the “Open Mainnet.” This will be the first time Pi connects with external economic spheres, theoretically enabling listing on exchanges. However, the core team has shown a very cautious approach to this transition and has officially announced that the following three conditions must be met for migration:

  1. Readiness of Technology, Product, Business, and Legal Aspects: The network must possess stability and security capable of withstanding external connections, and legal issues must be cleared.
  2. Ecosystem Goal Achievement: The number of KYC-completed users, users migrated to the Mainnet, and practical Pi apps must reach the set targets.
  3. Absence of Unfavorable External Environment: The global situation should not hinder the project’s success, avoiding global economic crises, wars, or the introduction of stringent regulations.

As these conditions indicate, Pi Network prioritizes building a sustainable ecosystem with practical value, rather than merely aiming for speculative price increases. The transition to Open Mainnet will occur only after all these preparations are complete.

Conclusion: What Pi Network Users Should Keep in Mind Now

The series of developments regarding the KYC deadline is a crucial step for Pi Network’s transition to its next phase. Finally, here’s a summary of points for all users to keep in mind to calmly assess this situation.

KYC is an unavoidable “key” to fully participating in the Pi ecosystem. And the most accurate information regarding this key will always be communicated directly from official sources.

Instead of fluctuating between joy and anxiety based on community rumors and unofficial information, prioritizing Pi Network’s official blog, official social media, and in-app announcements as primary sources of information is paramount to protecting your valuable assets.

First, open your Pi app and re-check your current KYC status. And for future developments, let’s carefully monitor announcements from official sources.

What is the Pi Bank Concept? The Role and Challenges of a ‘Bank’ Shaping Pi Network’s Value and Future

Pi Network, which has formed a huge global community by allowing users to easily participate in mining via smartphones, is currently drawing attention to a grand “concept” within its community: the “Pi Bank.”

If a reliable “bank” for the Pi you mine daily were to emerge, how would the future of Pi change? This article objectively and clearly unravels the entire “Pi Bank Concept,” which is actively discussed within the community, from its anticipated roles to the challenges it must overcome, from multiple perspectives.

What exactly is the “Pi Bank Concept”?

First, let’s clarify what the “Pi Bank Concept” currently discussed in the community entails. The most important point here is that this is not an official project announced by the Pi Core Team, but rather an idea in its “conceptual” stage, discussed within the community and reported by some news sites.

This concept is based on the idea of establishing a kind of “governing body” or “financial institution” to make Pi’s vast ecosystem more stable and reliable. It’s a natural progression for a project to require more organized operation and value stability as it matures, and the Pi Bank Concept can be seen as anticipating such future needs.

Three Specific Roles Expected of Pi Bank

So, if a Pi Bank were to be realized, what specific roles would it play? Analyzing the current discussions, it is primarily expected to perform three functions: “governance,” “value stability,” and “financial services.”

① Governance Function as the “Central Bank” of the Ecosystem

Currently, important news regarding the Pi Network project is disseminated through various channels such as the official app and social media. The Pi Bank is expected to consolidate this information and serve as a single, reliable official source of information. This is similar to how a country’s central bank (like the Bank of Japan) issues official statements on currency matters. The presence of a unified governance body would enhance the overall transparency and reliability of the project, allowing users and external partners to participate in the ecosystem with confidence.

② Role as a “Stabilizer” to Maintain Pi’s Value

Cryptocurrency prices are known for their high volatility. The Pi Bank Concept discusses its role as a “stabilizer” to keep Pi’s value within a certain range. Specifically, it involves holding fiat currencies like the US dollar or other assets as “reserves” and using these reserves to back and stabilize Pi’s value.

This mechanism is similar to that of stablecoins like “USDT” and “USDC,” which are designed to always be worth 1 dollar. If Pi’s value becomes stable, it would be easier to use for daily payments and remittances, potentially accelerating its adoption as a practical currency.

③ Provision of Financial Services such as Staking and Lending

The Pi Bank also has the potential to become a platform offering various financial services utilizing Pi. Two representative examples include:

  • Staking: A mechanism where users can deposit their held Pi with the Pi Bank for a certain period and receive new Pi as a return, similar to interest. This can be understood as akin to a bank’s “fixed deposit.”
  • Lending: A mechanism allowing users to borrow other cryptocurrencies or fiat currencies using their held Pi as collateral. This can be imagined as the cryptocurrency version of a “real estate-backed loan.”

If these functions are realized, users will have avenues to actively utilize Pi as an asset, rather than just holding it.

The Biggest Debate: The Contradiction Between Decentralized Network and a “Bank”

The most important and contentious aspect of this concept is its relationship with the Pi Network’s stated philosophy of “decentralization.” How can a centralized “bank” reconcile with this philosophy?

The core principle of blockchain technology, “Decentralized,” means that there is no specific administrator or central authority; instead, all network participants manage and maintain the system. Its greatest feature is the ability for individuals to freely exchange value without needing centralized entities like banks or governments.

Introducing a seemingly centralized entity like “Pi Bank” might appear to be a self-contradiction. Who would manage and operate this “bank”? The Pi Core Team, or representatives (such as validators) elected by community vote?

There is no clear answer to this question yet. If the Pi Bank were entirely controlled by the Pi Core Team, the Pi Network might no longer be considered decentralized. On the other hand, if it adopted a form like a “DAO (Decentralized Autonomous Organization)” where operational policies are decided by community vote, stable operation might be possible while preserving the decentralized ethos. Finding the right balance will be the greatest key to realizing this concept.

The Light and Shadow Pi Bank Brings to Pi’s Price and Future Prospects

What potential impact could the realization of Pi Bank have on Pi’s value and future prospects? Let’s examine both the anticipated benefits (light) and potential drawbacks (shadow).

Light (Benefits): Trust and Ecosystem Development

If governance is strengthened and value is stabilized by the Pi Bank, the overall reliability of the project will dramatically improve. This could lead to positive developments such as:

  • Listing on major exchanges: World-leading cryptocurrency exchanges like Binance and Coinbase prioritize project transparency and stability in their listing evaluations. The existence of a Pi Bank could be a strong factor supporting listing on these exchanges.
  • Partnerships with corporations and institutions: When large corporations and financial institutions partner with blockchain projects, they seek clear accountability and a currency with stable value. The Pi Bank could serve as a bridge to such external partners.

Shadow (Drawbacks): Will the Dream of Rapid Price Increase (GCV) Disappear?

On the other hand, value stability could distance some users from their dreams. A portion of the community passionately discusses a target called “GCV (Global Consensus Value, such as 1 Pi = $314,159).”

However, if the Pi Bank aims to peg (fix) Pi to a stable value like a stablecoin, such an explosive price increase is logically impossible. Is it better to prioritize practicality as a “means of payment” or speculative appeal as an “asset”? This is a kind of trade-off that the Pi Network community faces.

Technical and Institutional Challenges Towards Realizing the Concept

To realize this ambitious concept, many technical and institutional hurdles must be overcome. If smart contracts (self-executing contract programs) have vulnerabilities (bugs), there’s a risk of assets being stolen through hacking. Furthermore, challenges abound regarding how to securely manage the reserves for value stabilization, and how to clear legal regulations in various countries (especially those concerning finance).

Moreover, as a prerequisite for these discussions, the Pi Network’s own infrastructure needs to be fully developed. Many users still face delays in the KYC (Know Your Customer) process and the full mainnet opening. Resolving these immediate issues is indispensable first.

Summary: The Pi Bank Concept as a Litmus Test for Pi Network’s Maturity

The “Pi Bank Concept” is currently just a community-driven idea, and its feasibility is uncertain. However, the very fact that this concept is actively discussed indicates that the Pi Network is maturing from a mere mining app into a full-fledged economic ecosystem with practical utility.

This concept poses a fundamental question to us, one that many cryptocurrency projects face: how to find the optimal balance between the blockchain ideal of “decentralization” and the real-world demands for “governance and stability.”

As Pioneers (Pi Network users), it’s crucial not to be swayed by uncertain information but to always verify primary information from the Pi Network’s official website and social media, and to think independently about the project’s future. Let’s observe how the Pi Bank Concept develops calmly and carefully.

Will Pi Network Launch Open Mainnet on June 28, 2025? An Objective Look at the Founder’s Announcement and 5 Key Takeaways

Introduction: Why Pi Network is Gaining Attention Again

Pi Network, a cryptocurrency project long awaited by many participants dubbed ‘Pioneers,’ has recently seen a surge in global anticipation. This follows a statement from one of its co-founders, fueling speculation that the Open Mainnet might finally launch on June 28, 2025.

Why is this announcement significant now? This article delves into the core of the statement, objectively analyzing the five plans indicated by the project. We aim to clarify the ‘present’ and ‘future’ of Pi Network in an easily understandable way.

What is Pi Network, Anyway?

To understand this news, let’s first briefly review what Pi Network is.

Pi Network is a cryptocurrency project launched in 2019 by Stanford University graduates Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. Its most distinctive feature is that it allows users to easily participate in mining (the process of acquiring new coins) through a smartphone app, without the need for high-performance equipment. This accessibility has attracted many participants, but until now, the network has remained in a ‘closed mainnet’ phase, isolated from external blockchains.

The Core: What Will Happen on ‘Pi Day,’ June 28, 2025?

The origin of the buzz was a hint from co-founder Dr. Chengdiao Fan, suggesting that ‘something big will happen on Pi Day, June 28, 2025.’ This date could potentially be a decisive turning point for the project.

The community’s highest expectation is the transition to an ‘Open Mainnet.’ This is an extremely crucial step for Pi Network to advance to its next stage.

【What is an Open Mainnet?】
In short, it means ‘transitioning from a closed testing environment to a public, open production environment accessible to anyone.’ Currently, coin transactions can only occur within the Pi Network. However, an Open Mainnet would open the way for trading Pi on external cryptocurrency exchanges and allow developers to freely build applications (DApps) on the Pi blockchain.

However, it’s important to note that there has been no official confirmation from Pi Network that the Open Mainnet will launch on June 28, 2025. June 28 is an annual community event day known as ‘Pi2Day,’ and the current situation is that anticipation for some significant announcement on this day is high.

The Founder’s ‘Five Major Transformations’: Key Points of the Plan Explained

This announcement hinted at five significant plans associated with the Open Mainnet transition. Each of these is a crucial factor in forecasting Pi Network’s future.

1. Tens of Millions of Pioneers: The Power of a Vast Community

The project claims to have a massive user community (Pioneers) numbering over tens of millions worldwide. This ‘network effect’ is one of the most important assets for increasing the value of a currency or service. On the other hand, there are reports that the actual number of users who have completed Know Your Customer (KYC) verification and migrated to the mainnet is more limited than the total user count publicly stated.

2. Full-Scale Launch of DApps and Nodes: Birth of a Unique Economic Ecosystem

The transition to an Open Mainnet signifies the full-scale operation of DApps (Decentralized Applications) and Nodes (computers supporting the network). This means the ‘foundation’ for various independent services—such as games, finance, and social media—to emerge on the Pi Network will be complete.

3. Integration with the Real Estate Sector: Ambition for Expanded Real-World Use

Particularly noteworthy is the plan for integration with the real estate sector. The concept of enabling real estate transactions using Pi Coin is highly ambitious, but if realized, it would significantly boost Pi’s practical utility.

4. Preparation for Listing on Major Exchanges: Towards Establishing Market Value

What many Pioneers eagerly await is the listing of Pi Coin on major cryptocurrency exchanges. If listed, Pi Coin would gain its first public market value, making it tradable by a wider audience.

5. Strengthening Global Community Cohesion

The project repeatedly emphasizes that the strength of a robust global community is essential for the success of these major transformations.

Objective Perspective: Pi Network’s Current Status and Future Outlook

While strong anticipation surrounds the project, it’s also crucial to calmly assess its current status. Pi Network has been under development for many years, with the community closely watching its progress.

According to information officially provided by Pi Network, the transition to an Open Mainnet requires clearing multiple conditions:

  1. Completion of technical, product, business, and legal preparations
  2. Achievement of network KYC (Know Your Customer), mainnet migration, and utility goals
  3. Stability of the external environment

While ambitious plans are presented, their realization hinges on meeting these stringent conditions.

Conclusion: Will Pi Network Be the ‘Next Crypto Revolution’?

The recent announcement by the founder suggests that Pi Network stands at a critical juncture for the project. There’s a strong possibility that ‘Pi Day,’ June 28, 2025, could become a historic day.

However, its true value depends on how concretely and steadily the announced plans are executed. The term ‘revolution’ only becomes a reality when accompanied by results.

To assess Pi Network’s future potential, it’s crucial to continuously pay attention to primary information officially released in the future, without being swayed by temporary hype. Furthermore, calmly examining what that information means from multiple perspectives and establishing your own criteria for judgment will be the most important stance when engaging with the future of the cryptocurrency world.

[In-depth Explanation] What is Pi Network’s “.pi Domain”? A Clear Explanation of its Potential as a New Asset in the Web3 Era

“Pi Network,” which has garnered global attention for allowing smartphone mining, has announced a new feature called “.pi domain.” This feature holds the potential to significantly impact the future of the ecosystem and has caused great excitement within the community.

When you hear “domain,” you might think of website addresses like “example.com,” but the .pi domain signifies much more. It could become your new “digital identity” in Web3 (Web3), which will form the foundation of the coming digital society.

In this article, we will explain the following topics in a way that allows even those without specialized prior knowledge to understand deeply and accurately:

  • Why are “Web3 domains” currently attracting global attention?
  • What is the true value of the “.pi domain” announced by Pi Network?
  • How will owning it change our digital lives?

Why Are Web3 Domains Gaining Attention Now?

To understand the innovation of the Pi domain, let’s first look at the larger trend of “Web3 domains” that underpins it. By understanding why this is important for the modern internet, the true value of the Pi domain becomes clear.

The domains we commonly use, such as “example.com” or “example.jp,” are managed by a system called DNS (Domain Name System). While highly convenient, this is a “centralized” system managed by specific companies or organizations.

In contrast, Web3 domains are characterized by their ability to allow individuals to directly manage domain ownership using blockchain technology (a decentralized, tamper-proof digital ledger monitored by everyone). A prime example of this is “ENS (Ethereum Name Service)” on the Ethereum blockchain.

With the advent of ENS, users can now use human-readable names like “yourname.eth” instead of long, complex wallet addresses starting with “0x…”. This not only added convenience but also created a new digital asset market where domains themselves become personal assets (NFTs) that anyone can freely buy and sell.

The Core of Pi Network’s “Pi Domains”

Now, let’s delve into the main topic: Pi Network’s “Pi Domains.” How does this work, and what changes will it bring to us, the Pi users?

Officially announced on “Pi Day,” March 14, 2025, the purpose of this new feature is very simple yet powerful: just as ENS achieved on Ethereum, it aims to replace Pi Network’s long and complex wallet addresses with human-memorable and user-friendly names like “yourname.pi.”

This is expected to dramatically smooth and secure various activities within the Pi Network ecosystem (economic sphere), such as sending and receiving Pi coins, and using the many services that will emerge in the future.

How the .pi Domain Works and the Benefits We Gain

How exactly do .pi domains function, and what advantages do we gain by owning them? Here, we will explain their mechanism and specific benefits across three key points.

Mechanism: “Your Property” Guaranteed by Blockchain

The .pi domain functions as a type of NFT (Non-Fungible Token) managed on the Pi blockchain. This ensures that once acquired, ownership of the domain is strongly protected by the blockchain, making it “your asset” that cannot be taken away by anyone. The acquisition method employs an auction (bidding) system using Pi coins, where the highest bidder secures the domain.

Benefit 1: Convenience – Error-Free, Easy Transactions

The biggest advantage is the overwhelming improvement in convenience. Previously, one of the most careful tasks in cryptocurrency transfers was accurately copying and pasting long, complex wallet addresses. However, with a .pi domain, you can simply type “friend.pi” when sending Pi to a friend, dramatically reducing the risk of erroneous transfers.

Benefit 2: Identity – Your “Signboard” in the Pi World

The .pi domain will serve as a unified “digital identity” to identify you in various dApps (decentralized applications) and online stores that will be developed within the Pi ecosystem. This can act as your “signboard” or “business card” in the Pi world, similar to a brand name for a business or a personal nickname.

Benefit 3: Asset Value – An Investment in the Future

Just as domains like “amazon.eth” and short, memorable words were traded at high prices on ENS, highly sought-after or easily remembered short .pi domains hold the potential to become valuable assets in the future. Acquiring a desirable domain early can be seen as an investment betting on the growth of the Pi Network.

Community Reaction and Future Outlook

The advent of new technology always brings vitality and discussion to the community. As seen by the buzz in the Indonesian community regarding a prominent account named “Wira PI” reportedly acquiring a domain after the .pi domain announcement (according to source information), users worldwide are showing very high interest in .pi domains.

Such community reactions are evidence that many users perceive “value” and “potential” in the .pi domain that goes beyond mere convenience. In fact, according to official announcements, hundreds of thousands of bids have already been placed, indicating the community’s enthusiasm.

Moving forward, as the Pi ecosystem transitions to the open mainnet and expands further, it is expected that this domain will be used in an even wider variety of applications than we can imagine, including payments, dApp logins, and website publishing.

Summary: Will Pi Domain Be an Accessible Gateway to Web3?

Let’s review the key points of this article:

  • The .pi domain is a significant step towards resolving Web3 complexity and making blockchain technology more accessible.
  • It is not just an alias for an address; it is your “digital identity” within the Pi ecosystem itself.
  • Owning it offers three major benefits: “increased convenience,” “establishment of identity,” and “potential for asset value.”

Of course, the ultimate success of the Pi Network project is not yet guaranteed. However, the .pi domain initiative, spearheaded by this massive project with tens of millions of users worldwide, holds significant potential to become the most accessible gateway for many people to genuinely experience the Web3 world for the first time.

For those interested in the trends of this new digital asset, it is recommended to regularly check the latest information from Pi Network’s official app and website, while being cautious of fraudulent information.

In-Depth Analysis: When Will Pi Network’s Open Mainnet Launch? Decoding 2025 Plans and Current Status from Official Sources

Pi Network has garnered global attention for the ease with which users can mine cryptocurrencies on their smartphones. Especially as 2025 approaches, expectations for the “Open Mainnet to finally launch” are building both within and outside the community. However, it’s also true that various pieces of information, including specific dates, are circulating and often contradictory. This article aims to set aside fervent rumors and expectations, and objectively and logically unravel Pi Network’s “present” and “future” based on officially released information.

What is Pi Network in the First Place? Basics of the Cryptocurrency Project You Can Join with Your Smartphone

First, let’s reconfirm the basic concept and purpose of Pi Network: what kind of project it is and why it attracts so many people.

Pi Network is a cryptocurrency project launched in 2019 by Stanford University PhDs Nicolas Kokkalis and Chengdiao Fan, among others. Its biggest vision is to create “a global cryptocurrency accessible to everyone.”

To realize this vision, Pi Network possesses the following features:

  • Smartphone Mining: Unlike Bitcoin, which requires high-performance computers and large amounts of electricity, you can participate by simply tapping a button once a day on a smartphone app.
  • Environmental Consideration: It adopts a unique consensus algorithm (based on the Stellar Consensus Protocol) that consumes less energy, and is thus considered to have a very small environmental footprint.
  • Current Phase: “Enclosed Mainnet”: It is currently in a phase called the “Enclosed Mainnet.” This is a state where Pi’s blockchain is isolated from external exchanges and other blockchains, like a “walled garden.” During this period, user identity verification (KYC) is advanced, and an ecosystem of apps (dApps) that use Pi is being fostered.

Fact-Checking the Core Rumor: The “2025 Launch Theory”

Recently, specific information, particularly on overseas social media and video content, claiming that the “Open Mainnet will launch on June 28, 2025,” has become a hot topic. While this would be big news if true, let’s calmly verify its credibility against official statements.

To be clear, no specific date, such as “June 28, 2025,” has been announced by the Pi Network core team at this time.

These pieces of information are likely to have spread due to the expectations and predictions of some influencers and community members. No such definitive announcement has been confirmed from the social media accounts of co-founder Chengdiao Fan.

Furthermore, while a figure of “300 million users” is sometimes mentioned, this is also likely an exaggeration. According to official Pi Network information, over 19 million users have completed KYC (Know Your Customer), which undoubtedly represents a huge community, but it is always important for us to base our judgments on accurate numbers.

The Key to Success: Three Essential Conditions for Open Mainnet Migration as Stated by Pi Network

So, what is the path to the Open Mainnet officially indicated by Pi Network? There are three crucial conditions that must be met for the healthy growth of the project. Only when these are cleared can Pi step out of its “walled garden” into the outside world.

  1. Condition 1: Ecosystem Readiness
    This refers to the readiness of the internal network. Specifically, this includes:

    • KYC and Mainnet Migration: 15 million users have completed KYC, and 10 million of them have migrated their Pi to the Mainnet wallet. (This goal has reportedly already been achieved)
    • Utility: Over 100 applications (dApps) that can actually be used or enjoyed with Pi are ready to operate on the Mainnet.
  2. Condition 2: Technical Readiness and Maturity
    This concerns whether the network’s technical foundation is mature enough to withstand an open environment. This includes network stability, the ability to process many transactions quickly (scalability), and sufficient security against external attacks.
  3. Condition 3: Favorable External Environment
    Not only issues within Pi Network itself, but also the global situation surrounding the project are important. For example, the absence of a global financial crisis or war, and the clarity of cryptocurrency regulations, are factors considered.

From these conditions, it can be inferred that the Pi Network team is prioritizing the construction of a sustainable and valuable ecosystem, rather than simply rushing a launch.

Pi Network Ecosystem Outlook: dApps, Nodes, and Community

What kind of world will unfold beyond the Open Mainnet? Let’s look at the overall vision of the ecosystem Pi Network aims for and its potential.

    • dApps (Decentralized Applications): These are the heart of the Pi economy. After the Open Mainnet, developers will be able to build various applications on the Pi blockchain. For example, marketplaces where goods can be bought and sold with Pi, games, and social media could be envisioned, creating “use cases” for Pi.

– Nodes: Nodes are a mechanism where volunteer computers worldwide verify and support the network’s transaction records. By maintaining the network through many nodes rather than centralized corporate management, Pi Network’s decentralization and security are preserved.

  • Community Power: A massive and active user community numbering in the tens of millions is the greatest asset of this project. This community’s use of dApps and engagement in economic activities will invigorate the entire Pi ecosystem.

Conclusion: How Should We Approach the Future of Pi Network?

Based on the information gathered so far, how should we, as users, approach this ambitious project called Pi Network?

The most important thing is to calmly observe the progress of the “three conditions” outlined by the official team, rather than being swayed by uncertain date rumors. Pi Network is not a speculative project designed to make you rich overnight; rather, it is an ambitious social experiment in the process of building a new economic zone with a long-term vision.

Its success is not yet guaranteed. However, its innovative vision and the potential held by its massive, global community are unique attractions that many other projects lack.

To truly assess the project’s future value, always make an effort to obtain the latest and most accurate information from official announcements within the Pi Network app, its official website, or official social media accounts. Observing this project’s future based on objective information, rather than being carried away by enthusiasm, will be the wisest approach.

Pi Network’s True Current State: Exploring Future Potential and Challenges Through Believers’ Voices and Objective Data

With its groundbreaking concept of easy smartphone mining, the cryptocurrency “Pi Network” has amassed tens of millions of users worldwide. However, doubts and criticisms persist, such as “When will it gain value?” or “Is the project truly progressing?” This article delves into the real current state of this project, which is swirling with enthusiastic support and harsh criticism, using the voice of a believer as a starting point, thoroughly dissecting it from objective data and multiple perspectives. No specialized prior knowledge is required. By the time you finish reading, you will have a solid compass to judge the true nature of Pi Network for yourself.

Confessions of a ‘Believer’: Significant Losses, Yet Still Believing

To understand the curious appeal and fervor of the Pi Network, let’s look at the words of a passionate South Korean supporter. He describes himself as ‘crazy about Pi Coin (또라이)’ yet analyzes the project with surprising calm.

He confesses to having lost a large sum, approximately 40 million Korean Won (equivalent to about 4.5 million JPY at current rates), in past Pi Network-related transactions. However, it’s crucial to note that this loss was not from selling Pi he mined on his smartphone. This was a failure in a high-risk market trading the “future value” of Pi, which officially has no value yet. Under normal circumstances, one might resent the project, but he continues to share information about Pi Network daily. Why? Perhaps because he sees the potential for a “grand social experiment” in this project, something beyond a mere speculative asset. This episode symbolizes the complex psychology that draws many people to Pi.

Pi Network’s ‘Now’ as Seen Through Objective Data

Let’s set aside emotional arguments for a moment and calmly analyze Pi Network’s current position based on publicly available data and facts.

The True Nature of ‘Price’ in the Market: What is IOU?

You might have seen Pi seemingly listed with a price on some crypto information sites or exchanges. However, as of June 2025, Pi Network is not listed on any major exchanges, and there is no official price.

So, what is the displayed price? It is primarily what is called an “IOU (I Owe You).” This is:

  • a promise being traded: “If Pi truly gets listed in the future, we will hand over the actual Pi coins at that time.”
  • In other words, it is a type of rights trading betting on the project’s future, and its price fluctuates significantly based on market expectations and speculation.
  • You must understand that if the project fails, its value will become zero, making it a very high-risk asset.

Current IOU prices are traded at around 85 to 90 JPY per Pi on some exchanges, but it is crucial to strongly recognize that this is by no means the confirmed value of Pi.

The Major Hurdles of KYC and Migration Progress

For Pi Network to become a ‘real cryptocurrency,’ it must go through the unavoidable processes of ‘KYC’ and ‘Migration.’

  • KYC (Know Your Customer): This is the ‘identity verification’ procedure. It is essential to prevent one person from fraudulently mining coins with multiple accounts and to maintain the network’s integrity.
  • Migration: This is the process of moving Pi mined on the test network to the official network (mainnet), where it has the potential to hold actual asset value.

According to official information and reports, over 18 million people have completed KYC, but some sources suggest that less than half of those users have completed migration. As the process targets tens of millions of users, it is taking a long time, and many users are currently eagerly awaiting their turn.

Why the Criticism? Three Major Hurdles Pi Faces

While there is significant anticipation, Pi Network also faces harsh criticism. Here, we will organize the main challenges the project must overcome from three perspectives.

1. Stalled Development and Opaque Roadmap

One of the users’ biggest frustrations is the delay in development. The launch of the “open mainnet,” which would allow free transactions for anyone, has been repeatedly postponed from its initial schedule. Furthermore, the official roadmap (development plan) often lacks specific completion dates, increasing dissatisfaction and anxiety about “when it will finally materialize.”

2. A ‘Pie in the Sky’? Lack of Practical Utility

For a cryptocurrency to hold value, practical utility – “what it can be used for” – is essential. However, Pi Network faces a significant challenge in this regard. The promised DApps (decentralized applications) ecosystem development is not progressing as expected, and places where Pi can be used to purchase goods or services are currently limited to a very small part of the community. There are harsh criticisms that as long as this “useless” state continues, it will be difficult for Pi to attain true value.

3. Dissatisfaction with Lack of Communication from the Core Team

The lack of communication between the ‘core team’ leading the project and the user community is also a concern. Many users feel that when KYC delays or technical issues arise, there is often little clear explanation or swift response from the core team. Such an attitude contributes to increased distrust in the project.

Why Hope Persists: Pi’s Uniqueness Compared to Bitcoin

Despite facing so many challenges, why do tens of millions of people not give up hope? The answer lies in Pi Network’s unique philosophy and fundamental differences from Bitcoin.

  1. Differences in Philosophy and Design
    Bitcoin was created by an anonymous individual named Satoshi Nakamoto, idealizing “decentralization” with no specific administrator. In contrast, Pi is operated by a team led by Dr. Nicolas Kokkalis, who holds a Ph.D. from Stanford University, and the project’s early stages are proceeding under strong centralized management.
  2. Differences in Barriers to Entry
    Bitcoin mining now requires high-performance specialized computers and vast amounts of electricity. In contrast, Pi aimed for thorough democratization of access, allowing “anyone, anywhere, with just a smartphone” to participate. This ease of access is the biggest factor that enabled the formation of a massive user community that no other project has achieved.

Pi Network can be described as a grand experiment aiming to become “the world’s most widely adopted cryptocurrency” through an entirely different approach than the world Bitcoin has created.

Outlook on the Upcoming Important Event: ‘Pi2Day’

Every year on June 28th, a significant date for the community named ‘Pi2Day’ (derived from being twice the value of Pi ≈ 3.14), some announcements related to the project are expected.

The community speculates that the introduction of ‘KYB,’ a corporate identity verification system, or new initiatives to expand the ecosystem might be announced. However, these are currently mere speculations. In recent years, despite the anticipation for events, objective data shows a declining trend in actual interest, so excessive expectations should be avoided. Whatever announcements are made, their content will undoubtedly be a crucial indicator for the project’s future.

Conclusion: How Should We View the Future of Pi Network?

Synthesizing the information presented so far, Pi Network can be summarized as follows:

  • A Grand Social Experiment: It is an unprecedented, high-risk, high-return long-term project advocating the ideal of “currency for everyone.”

    • – Piles of Challenges: The hurdles to overcome are high, including KYC and migration delays, an opaque roadmap, and lack of practical utility, so it cannot be viewed optimistically.
    – Its Greatest Asset is ‘People’: However, on the other hand, its vast and enthusiastic global community is a unique asset that no other project possesses.

The purpose of this article is not to definitively state whether “Pi will succeed” or “fail.” Rather, it is to present the fact that the key to success lies in “whether it can resolve its numerous challenges and transform its massive community into a practical economic zone,” and to highlight both possibilities.

Use this article as one piece of information, and I encourage you to follow official information with your own eyes. Without being swayed by excessive expectations on social media or unsubstantiated criticisms, calmly assess the project. That intellectual curiosity will undoubtedly be your most reliable strength in discerning the true nature of new technologies to come.

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!

Pi Network’s .pi Domain Auction: Complete Guide to Mechanism, Statistics, and FAQ

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On March 14, 2025, Pi Network launched the “.pi Domain Auction” as part of its ecosystem expansion, commemorating its 6th anniversary. This auction is a new feature allowing Pi Network users (Pioneers), businesses, and developers to acquire blockchain-based domain names. This article delves into the details of the .pi Domain Auction, current statistics, and explains the technical mechanism and use cases of .pi domains.

What is Pi Network’s .pi Domain Auction?

The .pi Domain Auction is positioned as a crucial step to expand the Pi Network ecosystem. In this auction, Pioneers, businesses, and developers can bid for and acquire unique .pi domain names using Pi currency.

Nicolas Kokkalis, Founder and Head of Technology at Pi Network, stated, “Just as traditional domains shaped the internet, .pi domains have the potential to transform how we connect, interact, and build within and beyond our digital space.”

Basic Auction Information

  • Start Date: March 14, 2025 (Pi Day)
  • End Date: June 28, 2025 (Pi2Day)
  • Minimum Bid: 10 Pi
  • Eligibility: All members of the Pi Network community (including individuals who can acquire Pi through centralized exchanges)

Auction Mechanism

Participants access https://domains.pinet.com via the Pi Browser, are guided to relevant products (such as Pi Wallet), and complete their bids. On the auction interface, they enter the desired domain and place a bid for it. The highest bidder wins the exclusive right to use that domain.

A key rule is that if a new bid is placed within 24 hours of the scheduled end time for a specific domain’s auction, the auction period for that domain will automatically be extended by 24 hours. This ensures a fair opportunity for all participants.

What are .pi Domains? Technical Mechanism and Scope of Use

.pi domains are digital identifiers built on Pi Network’s unique blockchain technology. While similar in function to traditional web domains (.com, .jp, etc.), they have a special mechanism primarily used within the Pi Network ecosystem.

How to Access .pi Domains and Compatibility

  • Via Pi Browser: Within the official Pi Network browser, direct access is possible in the format “example.pi”.
  • Via Traditional Browsers: In browsers like Chrome or Safari, access is possible using the extended format “example.pi.pinet.com”. However, this compatibility is limited and is primarily intended for use within the Pi ecosystem.

.pi Domain Use Cases and Potential

.pi domains have a wide range of potential use cases, including:

  • Business Use: Utilize as an online store or brand website to increase visibility and facilitate transactions within the ecosystem.
  • Personal Use: Utilize as a user’s own digital identity to build blogs or portfolio sites.
  • Developer Use: Utilize as a hosting platform for Pi ecosystem applications and decentralized services (dApps).

.pi Domain Auction Statistics (As of March 22, 2025)

The .pi Domain Auction recorded astonishing participation rates in just one week since its launch:

  • Total Bids: Over 200,000
  • Unique Bidders: Over 40,000
  • Domains with Active Bids: Over 95,000
  • Total Active Bid Amount: Over 2.9 Million Pi
  • Current Highest Bid: 30,000 Pi

Expectations and Challenges for .pi Domain Introduction

While many expectations are placed on .pi domains, some challenges have also been pointed out:

Expected Benefits

  • Value as a Digital Asset: .pi domains acquired in the early stages may hold high value in the future.
  • Community Strengthening: Expected to play a role in strengthening the connection between Pi currency and services within the ecosystem.

.pi Domain Features and Functions

Comparison with Traditional Web Domains

.pi domains function as digital identifiers within the Pi Network ecosystem, similar to traditional web domains (.com, .jp, etc.). This allows businesses, applications, and individuals to establish a clear online identity or digital storefront within Pi Network’s social Web3 environment.

Scope of Use and Compatibility

.pi domains primarily function within the Pi Browser. Regarding compatibility with traditional browsers like Chrome and Safari, all .pi domains function through the pinet.com extension. For example, if your domain is “example.pi”, it can be accessed as “example.pi” in the Pi Browser and as “example.pi.pinet.com” in general browsers.

However, there is no guarantee that .pi domains will be adopted by traditional browsers, and they are primarily intended for use within the Pi Network ecosystem.

Frequently Asked Questions (FAQ)

Domain Acquisition and Management

Q: Can I bid on my username as a domain?
A: Yes, if it is available.

Q: Can I bid on multiple domains simultaneously?
A: Yes, you can bid on multiple domains at the same time.

Q: Can I cancel or change my bid after placing it?
A: If you are a Pioneer and placed a bid using the transferable balance feature, you can withdraw it anytime before the auction ends. However, if you are not yet a Pioneer (e.g., from an exchange) and placed a bid through standard payment, refunds will be processed after the auction ends on June 28, 2025.

Q: What happens if I don’t renew my .pi domain after the initial ownership period?
A: If you do not renew your .pi domain, it will eventually become available for others to register, similar to standard domain expiration in Web2.

Auction Revenue and Purpose

Q: Where does the revenue from domain sales go?
A: All Pi generated from the sale of .pi domains will be used to support the Pi ecosystem, including developer programs and events.

Information for Developers

Q: Can developers who have already built Pi apps reserve domains?
A: Yes. Pi community apps that comply with the Ecosystem Listing Guidelines and complete PiNet migration by May 28, 2025, can secure domains without bidding under specific requirements and limitations.

.pi Domains from an SEO Perspective

For regular web domains, including keywords in the domain name is considered from an SEO (Search Engine Optimization) perspective. However, since .pi domains primarily function within the Pi Network ecosystem, different considerations are needed compared to traditional SEO strategies.

However, from a branding perspective, choosing a domain name that is memorable, easy to type, and easy to pronounce is important. This is not only valuable for word-of-mouth advertising but also relates to processing fluency, an implicit cognitive bias where we better remember and have more positive associations with things we can easily say or think about.

Summary: Significance and Outlook of the .pi Domain Auction

Pi Network’s .pi Domain Auction is an interesting initiative that combines the establishment of digital identity with the practical application of blockchain technology. This auction provides a practical use case for Pi currency and serves as a crucial infrastructure layer to facilitate transactions and interactions within the Pi Network ecosystem.

The high participation rate in the auction demonstrates the vibrancy of the Pi Network community and confidence in the platform’s future potential. How .pi domains evolve and contribute to the growth of the Pi Network ecosystem will become clear in the coming months.

Pi Network users have the opportunity to establish their unique digital identity through this auction while participating in a practical use case for Pi currency.

Challenges and Concerns

  • Accessibility Limitations: The specification that access is not possible from outside the Pi Network may be inconvenient for some users.
  • Trademark Issues: There is a risk of legal issues arising in cases where famous brand names are listed.
  • Lack of Transparency: Concerns about the core team’s management system have also been pointed out by some in the community.

.pi Domain Revenue and Contribution to the Ecosystem

All revenue generated from .pi domain sales is reinvested into Pi ecosystem development. This includes costs for developer programs and hosting events. This is expected to lead to the continuous creation of new services and projects.

Summary: The .pi Domain Auction and Its Future Vision

.pi domains are not just digital identifiers; they play a crucial role as tools for building digital identity and facilitating transactions in the new Web3 era. This initiative not only improves the practicality of Pi currency but also provides new value to the entire community.

The .pi Domain Auction has just begun, but its success will become clear in the coming months. If you are interested, why not take this opportunity to participate and get your own .pi domain?

Potential Collaboration Between Pi Network and Major E-commerce Sites Shows the Direction of the Payment Revolution

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New Developments in Global E-commerce and Cryptocurrency Integration

As decentralized finance (DeFi) technology develops and major platform companies actively move towards cryptocurrency integration, the possibility of collaboration with major e-commerce sites, discussed within the Pi Network community, is a significant topic that suggests the future of next-generation payment infrastructure utilizing blockchain technology. Pi Network’s proposed blockchain-based payment solution is attracting attention as a way to solve the region-dependent challenges faced by current international e-commerce payment systems.

Geographic Constraints and Technical Challenges of the Current System

The current situation where region-specific payment methods like PayPal (USA), PayPay (Japan), and UPI (India) proliferate significantly hinders the efficiency of international trade. According to Pi Network’s technical documentation, an automated payment protocol utilizing smart contracts can achieve cost reductions of over 30% compared to conventional methods and process international transfers in under 15 seconds. The network structure based on the developing Federated Byzantine Agreement, in particular, aims for a processing capacity of 10,000 transactions per second, ensuring the scalability required for integration with large-scale e-commerce platforms.

Payment Innovation with Blockchain Technology

Stellar Consensus Protocol (SCP), the core technology of Pi Network, achieves energy-efficient consensus through a trust-based quorum slice structure. A key feature of this algorithm is that a group of nodes builds mutual trust relationships while executing a decentralized verification process, allowing for over 99% reduction in power consumption compared to traditional Proof of Work methods.

Concrete Vision for Utility Enhancement Strategy

The design philosophy emphasizing practical value, highlighted by the development team, will be realized through collaboration with top-share global e-commerce platforms. If interoperability with QR code payments and electronic money is achieved, pilot experiments are planned to begin in major metropolitan areas within fiscal year 2025. Specifically, integration of payment infrastructure through API linkage with existing FinTech services is envisioned, and applications in international transactions without exchange rate risk and smart device-linked micropayments are anticipated.

Importance of Market-Specific Response Strategies

In the Japanese market, adaptation to local payment practices is essential. Technical reports from the Japanese subsidiaries of major e-commerce sites prioritize ensuring compatibility with existing QR code payment infrastructure, and collaboration experiments with convenience stores and transportation electronic money are scheduled to begin around the second quarter of 2025.

Potential for Restructuring International Payment Systems

If collaboration with major e-commerce sites materializes (currently at the community discussion stage), a chain reaction is expected to ripple throughout the e-commerce industry. According to analysis by the Bank for International Settlements (BIS), the integration of cryptocurrencies by major e-commerce platforms is estimated to increase global e-commerce volume by 25% by 2026, with a particularly notable expansion of market share in emerging economies.

Challenges and Countermeasures for Technology Integration

The biggest barrier to large-scale implementation is compliance with regional financial regulations. Pi Network’s multi-chain strategy involves setting up gateway nodes tailored to each country’s regulatory requirements, maintaining compatibility with region-specific payment practices (e.g., UPI in India, SEPA in Europe) while preserving the global network. In the Indian market, direct exchange between local currency (INR) and digital currency is often required, and the white paper indicates the potential to reduce exchange fees by 80% in international transactions of, for example, $50-100.

Security Enhancement Initiatives

Due to the nature of the Federated Byzantine Agreement, node reliability management is crucial for system health. Starting in 2024, Pi Network is introducing a three-stage node verification process, establishing a mutual monitoring system by geographically dispersed validators. This achieves the elimination of single points of failure and improves the overall network’s resilience.

Future Outlook and Industry Impact

If collaboration between Pi Network and major e-commerce sites progresses, fundamental changes in the e-commerce business could occur, such as increased efficiency in supply chain finance and secure management of consumer behavior data. Particularly noteworthy is the potential migration of loyalty programs to the blockchain, which could lead to the development of new customer retention methods linked to a token economy.

Simulations by the Bank for International Settlements (BIS) predict that if major e-commerce platforms adopt blockchain payments, cross-border transaction costs will be reduced by 60% compared to conventional methods by 2030, and the barrier to entry into international markets for small and medium-sized enterprises will particularly decrease.