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The Future of the Pi Network: GCV and the Evolution of the Ecosystem

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Pi Network is a project designed to be a cryptocurrency accessible to everyone. This network stands out from other cryptocurrencies by enabling mobile mining using smartphones, requiring no expensive hardware or advanced technical knowledge.

What is Pi Network?

Founded in 2019 by Stanford University graduates, Pi Network aims to provide a decentralized, secure, and scalable cryptocurrency. Users can easily earn Pi coins by simply downloading the app and pressing the ‘mining’ button. This ease of use has attracted many users worldwide.

What is Global Consensus Value (GCV)?

GCV (Global Consensus Value) is a concept proposing a value of $314,159 per Pi coin. This figure was first proposed by some communities in China and has since spread globally. Supporters claim this value indicates the potential of the Pi Network, while many remain skeptical, and discussions about its feasibility continue.

Supporters’ Claims

GCV supporters argue that this value is not just theoretical but has a realistic basis, citing the success of ecosystem projects like Pi Nexus and Pi Finance. These projects aim to expand token utility and integrate with traditional financial systems.

Criticism and Concerns

On the other hand, many critics point out that GCV is unrealistic and not based on market principles. Furthermore, as the Pi Network itself is still in the development phase, there are doubts about its practicality and sustainability.

Ecosystem Evolution: Pi Nexus and Pi Finance

Pi Nexus: Pi Nexus is a platform that provides interoperability with external applications, allowing users to utilize P tokens outside the mainnet. This significantly expands the scope of token usage.

Pi Finance: Pi Finance is a project aiming for integration with traditional and modern financial services. It supports asset management and financial interactions, functioning as a comprehensive financial solution.

Summary and Future Outlook

Pi Network is gaining attention due to its unique approach and rapid growth. The progress of GCV and ecosystem projects, in particular, indicates that this project holds realistic potential, not just being an idea. However, criticism and concerns are also factors that cannot be ignored.

In the future, if the transition to an open network is successful, Pi Network will attract even greater attention. This will require not only technological advancements but also cooperation from many users and the developer community.

What do you think about this project? Please share your thoughts in the comments!

Evolution and Impact of Next-Generation Blockchain Technology

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Pi Network is attracting attention as an innovative platform that allows users to mine cryptocurrency using mobile devices. The project was launched in 2019 by Stanford University graduates and has now grown into a large community with over 65 million users.

Overview of the Latest Update

In early 2025, Pi Network is scheduled to implement a significant blockchain protocol update. This update will include the following improvements:

  • Improved Transaction Speed: In its current testnet phase, Pi Network’s transaction processing is not optimized. This update is expected to reduce confirmation times.
  • Enhanced Security: Security measures will be strengthened to address the risk of cyberattacks associated with the increase in active nodes.
  • Improved Scalability: The overall network efficiency will be improved to allow more users to participate.

Impact on Node Operators

This update will require manual data migration by node operators. A node is a computer or server that runs blockchain software and validates transactions. Operators will need to complete the data migration according to the guidelines provided. While this process may seem complex at first glance, detailed instructions will be provided by the team, allowing many operators to successfully complete the migration.

New Features and Future Outlook

New features may also be added after the update. For example:

  • Multi-chain and multi-currency wallet integration
  • Smart contract compatibility

These features will not only enhance the user experience but also further solidify the path towards the inclusive and accessible cryptocurrency ecosystem that Pi Network aims for.

Conclusion

This update to the nodes and blockchain protocol is a significant step in the evolution of Pi Network. While it may involve some temporary inconvenience, the resulting benefits will be substantial. With improved transaction speed, security, and scalability, Pi Network will move even closer to the planned open mainnet migration in the first quarter of 2025.

We will continue to keep a close eye on this innovative project. Let’s keep checking for the latest information and ride this wave of a new era!

Pi Network’s GCV Controversy: Is $314,159 Real or an Illusion?

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Pi Network is attracting attention in the world of cryptocurrency. Among them, what is particularly controversial is the concept called Global Consensus Value (GCV). Some community members set the value of one Pi coin at an astonishing $314,159, but is this valuation realistic? This article explains in detail the background of GCV, the current state of the Pi Network ecosystem, and future prospects.

What is Pi Network?

Pi Network is a cryptocurrency project founded in 2019 by a team from Stanford University. It features energy-efficient mining using smartphones, and its appeal lies in its easy participation mechanism for anyone. Currently, over 65 million users are participating, and its scale is rapidly expanding.

Overview of GCV (Global Consensus Value)

GCV is a value standard proposed by some Pi Network communities, valuing 1 Pi coin at $314,159. This number is derived from the mathematical constant π (3.14) and holds symbolic meaning within the community. However, this valuation is not officially recognized and is criticized as unrealistic by many experts and users.

Arguments of GCV Supporters

  • Provides reliability and stability by setting value through community leadership.
  • Functions as a unified transaction standard within the ecosystem.
  • Potential for value increase in the future as the supply and demand balance of Pi coin is established.

Criticisms and Challenges

  • Large discrepancy from the actual transaction price because it is not based on market economics.
  • Applicable only within the closed network, so the impact after migrating to the open network is unknown.
  • Excessive expectations by some users may mislead new participants.

Key Components of the Pi Network Ecosystem

Pi Network is not just a cryptocurrency; it is building a diverse ecosystem. The following are its key components:

1. Pi Nexus

Pi Nexus is a platform that provides interoperability between Pi Network and external applications. This allows users to utilize Pi tokens even outside the mainnet.

2. Pi Finance

Pi Finance is a project aiming to integrate with traditional and modern financial services, supporting asset management and transactions.

Migration to Open Network and Its Impact

Currently, Pi Network is in the closed network phase. In this phase, transactions are only possible within the internal ecosystem, but a migration to an open network is planned. This migration will enable free trading in the market, and the actual market value will be formed.

Conclusion: Is GCV an Illusion?

While the GCV of $314,159 holds symbolic meaning, it is questioned by many experts and users because it is not based on market economics or realistic supply and demand balance. On the other hand, it is also true that this discussion itself promotes active community participation and ecosystem growth. Ultimately, after the migration to the open network, the market will determine the true value.

Pi Thefts Are Frequent! What Can You Do Right Now?

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The cryptocurrency project “Pi Network,” which has been attracting attention in recent years, has seen a series of reports of frequent theft incidents after the mainnet migration. This article provides a detailed explanation of the current reported damage, its causes, and the measures users should take.

What are the Theft Incidents Occurring on Pi Network?

On Pi Network, after the mainnet migration, there has been a global surge in reports from some users on community sites and Pi app chats stating that “funds were moved from my wallet without my knowledge.” Specifically, cases where funds are sent to suspicious addresses immediately after unlocking the wallet or appearing in transaction history are frequent.

“Even though I didn’t touch my wallet, all my coins disappeared overnight.” (Victim’s Voice)

For example, in December 2024, a user reported that all their coins disappeared overnight, even though they did not recall clicking on any suspicious links.

Possible Causes of the Damage

The main causes considered at this time are as follows:

  • Passphrase Leakage: Some suggest the possibility of information leakage from the iPhone’s Notes app. However, this theory remains a rumor and has not been confirmed.
  • Access to Suspicious Sites: There have also been reports of cases where a small amount of Pi was sent to a Pi wallet without the user’s knowledge, and the user accessed a link provided there and entered their passphrase.
  • Insufficient Security Settings: The lack of additional security features such as two-factor authentication in the Pi wallet is also considered an issue.
  • Blockchain Transparency: Since the wallet unlock time is publicly available on the blockchain, there is a possibility that attackers may exploit this.

Measures to Prevent Theft

The measures proposed by the Pi Network community and moderators are as follows:

1. Create a New Wallet

If there is a possibility that the passphrase for your existing wallet has been leaked, it is recommended to create a new wallet and set a new passphrase. It is also important not to access suspicious links. If you put Pi back into a leaked wallet, it is highly likely to be stolen again. Be sure to create a new one and store your Pi there.

How to Create a Pi Wallet

2. Utilize the Lockup Feature

After the mainnet migration, you can prevent unauthorized transfers by locking up assets within your wallet. After the lockup period ends, quickly send the funds to a new, secure address.

Pi Wallet’s New On-Chain Lockup: Boost Your Mining Rate!

3. Migration to External Wallets

Moving assets to a trusted external wallet or exchange is also an option. However, complete safety is not guaranteed even with this method.

Expectations for the Pi Network Operations Team and Future Challenges

This theft incident presents significant challenges for the Pi Network operations team. The following improvements are particularly needed:

  • Introduction of Two-Factor Authentication: Strengthening protection for user account and wallet access.
  • Speeding up KYC (Identity Verification): Strengthening support for users who have not completed KYC.
  • Fraudulent Address Freezing Function: A mechanism to prevent transfers to clearly fraudulent addresses.

As an administrator, I also hope that two-factor authentication will be introduced.
Continuing to hold locked-up Pi without knowing if your wallet is being targeted is nothing but anxiety-inducing. I thought of an idea to try buying listed Pi and putting it in my wallet to see if it gets stolen, but trying it with the premise of it being stolen is foolish, and even if it were stolen, there are currently no countermeasures, which is frustrating. With so many reports of theft, it makes one anxious.

Summary: Warning to Users

Pi Network is a project that will continue to attract attention, but its transparency also comes with security risks. Users themselves need to be aware of the following points and take safety measures:

Refer to the measures introduced in this article to protect your valuable assets.

Pi Network Trading: HTX Exchange Trends

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On February 20, 2025, it was officially announced that the Pi Network open network will finally be launched. This news is attracting significant attention in the cryptocurrency market and blockchain industry. This article provides a detailed explanation of this important announcement and the related movements of the HTX exchange.

HTX Exchange Movements and Market Reaction

HTX Exchange announced on February 13, 2025, that it would halt trading of Pi Network related tokens (IOU tokens) and convert them to USDT for holders. This measure is aimed at ensuring safety and responding to the mainnet launch. Specifically, holders’ assets will be converted at a fixed rate of 1 Pi = 61.28 USDT.

Announcement article by htx

https://www.htx.com.cm/support/84993738626361

「HTX plans to quickly list the new token and launch spot trading services after the Pi Network mainnet launch.」

Positive Views

Some market participants view this move as positive news. HTX’s plan to quickly list the official token after the mainnet launch is expected to enhance the project’s credibility. Furthermore, the price setting of 「1 Pi = 61.28 USDT」 is an attractive condition for many Pioneers.

Concerns and Criticisms

On the other hand, there are also critical voices regarding this decision. Some point out concerns about delays in the Pi Network roadmap and its reliability. In particular, since IOU tokens had 「virtual value」, some argue that halting their trading raises questions about the overall transparency and legitimacy of the project. Additionally, as HTX itself has experienced security issues and fund outflow incidents in the past (e.g., a fund outflow equivalent to 256 million USD), some investors have doubts about the exchange’s reliability.

Furthermore, some experts are warning about the risk of price volatility and panic selling in the market, citing the resemblance of the Pi Network’s growth model to multi-level marketing (MLM) and the large number of inexperienced investors.

Summary and Future Outlook

Pi Network is bringing a new wave to the cryptocurrency industry with its innovative approach. The upcoming open network launch and HTX exchange’s response will further expand its potential. However, alongside positive expectations, concerns also exist in the market, and it is necessary to carefully monitor future developments.

In particular, in Japan, collaboration with existing platforms like LINE is progressing, raising expectations for new revenue models and community formation. We will also be paying attention to how these factors will affect the market.

※This article is based on information published as of February 15, 2025.

Pi Network Shaken by KYB Implementation: Impact of Bybit CEO’s Remarks on Investors

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In the world of cryptocurrency, new projects are constantly attracting attention. Among them, “Pi Network” is particularly a hot topic. This project aims to enable mobile-based cryptocurrency mining and has gathered many supporters. However, on the other hand, there are not a few voices raising doubts about its legitimacy and long-term sustainability.

Bybit CEO’s Remarks Spark Debate

Recently, Bybit CEO Ben Zhou shared his thoughts on the Pi Network on social media, causing a stir. Zhou stated that he would “keep his distance from this project” and cited his past experience in FX trading as the reason for refusing to participate. This statement sparked mixed reactions within the cryptocurrency community and raised new questions about the reliability of the Pi Network.

Major Exchanges Plan to List Pi Coin

Despite these concerns, major cryptocurrency exchanges such as OKX, Bitget, and MEXC have announced plans to list the Pi Network’s token, “Pi Coin,” on February 20, 2024. Meanwhile, Bybit has not issued an official statement at this time, and based on Zhou’s remarks, the possibility of listing is considered low.

Bybit’s Pi Network Listing Rejection and the Impact of KYB

The Pi Network is attracting attention in the cryptocurrency market, but Bybit CEO Ben Zhou’s refusal to list its token, “Pi Coin,” has sparked significant debate. This decision is based on concerns about the project’s legitimacy and business model, as well as Zhou’s own past experiences. Furthermore, the KYB (Know Your Business) protocol adopted by the Pi Network adds a new perspective to this discussion.

Reasons Why Bybit CEO Rejected the Listing

Zhou publicly rejected the request to list Pi Coin, stating that he would “keep his distance from this project.” The background to this is said to be his past experience facing protests and refund requests from investors in FX trading. Furthermore, Zhou is skeptical about the Pi Network’s business model, and some criticize the project as being closer to multi-level marketing (MLM) than blockchain technology.

While Bybit shows a cautious stance, other major exchanges such as OKX and MEXC have announced plans to list Pi Coin. However, these listing plans do not dispel doubts about the project’s transparency and long-term viability.

Such a meme has also been created.

This image is a meme based on a famous scene from the movie “Captain America: The Winter Soldier,” satirically depicting the relationship between cryptocurrency exchange Bybit and Pi Network.

Points of Humor

1. Change in Exchange’s Attitude

In the first panel, Bybit says, “I want to list PI.”

However, the Pi Network side asks, “Do you have Mica certificate? Do you have KYB?”

Then, Bybit suddenly says, “Pi is a ‘Pyramid Scheme Scam’,” and its attitude changes abruptly.

2. Violent Confrontation in the Final Panel

Bybit’s Captain America is being attacked by the Pi Network.

This expresses how the Pi community strongly reacts against Bybit’s statements and actions.

Underlying Meaning

Exchanges like Bybit hope to list Pi Network, but the Pi side is confirming whether regulatory requirements are met.

When regulation is mentioned, Bybit changes its attitude and labels Pi as a scam.

However, the Pi community rebels against this and fiercely opposes it.

This meme can be said to express the strong unity of the Pi community and criticize the contradictory attitude of cryptocurrency exchanges from the perspective of Pi Network supporters.

What is KYB (Know Your Business)?

In addition to KYC (Know Your Customer) authentication for individual users, the Pi Network has introduced the KYB (Know Your Business) protocol for businesses operating within the ecosystem. This KYB aims to ensure that businesses meet regulatory standards and maintain transparency. However, this centralized approach is criticized by some as contradicting the decentralized philosophy of blockchain technology.

Key features of KYB include:

  • Businesses must complete the authentication process to participate in mainnet activities.
  • Only authenticated businesses will be listed on the open mainnet.
  • To build a secure Web3 environment, the system allows only authenticated businesses and users to interact.

However, some concerns have also been raised that these measures undermine the decentralized philosophy and that user assets (Pi tokens) could be frozen if KYC or KYB authentication is revoked.

Impact on Community and Investors

Regarding Bybit’s listing rejection and the introduction of KYB, opinions are divided within the cryptocurrency community:

  • Voices praising Zhou’s cautious stance and evaluating it as a measure against the fraud risks specific to this industry.
  • Voices criticizing Zhou’s remarks as “FUD (Fear, Uncertainty, Doubt)” and arguing that the Pi Network’s unique model promotes innovation.

Regarding the introduction of KYB, there are opinions that consider it essential for achieving regulatory compliance and opinions that view it as a betrayal of decentralized technology. Particularly in the Japanese market, the balance between regulatory compliance and innovation is emphasized, and in this regard, the Pi Network can be said to be facing challenges.

Conclusion

Bybit’s rejection of the Pi Coin listing highlighted widespread concerns about its legitimacy and market readiness. Meanwhile, while the KYB protocol aims to improve security and compliance within the ecosystem, its centralized nature also faces criticism. How the Pi Network, with its open mainnet launch scheduled for February 20, 2024, will address these challenges, and the outcome of that, will significantly influence its future success and trustworthiness.

Expectations and Concerns Regarding Market Performance

If Pi Coin is listed on major exchanges, significant trading volume is expected. However, market performance depends on multiple factors, including user adoption rate and overall market sentiment. Some analysts predict a bullish start, while others warn about the possibility of a “pump and dump.”

Impact on Community and Investors

The Pi Network already has millions of users, and its support base is very strong. However, criticism from influential figures like Zhou could affect its credibility and market valuation. Ultimately, it will likely be a typical case of high risk, high reward.

Conclusion and Future Outlook

The Pi Network has attracted significant attention due to its innovation and accessibility. However, its success comes with many challenges. As an investor, it is important to conduct sufficient research and carefully evaluate the risks and returns.

Pi Network Open Mainnet Launch in 2025! List of Expected Listing Exchanges

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A historic moment in the cryptocurrency industry is fast approaching. Pi Network has announced the official launch of its open mainnet on February 20, 2025, at 8:00 AM (UTC). This transition will evolve the Pi Network into a fully decentralized ecosystem, enabling external integration and real-world use.

What is the Open Mainnet?

Until now, the Pi Network has operated within a closed ecosystem, preventing users from moving Pi tokens to external wallets or exchanges. However, with the launch of the open mainnet, Pi Coin will be able to interact with external blockchains and exchanges as an independent cryptocurrency.

This new phase is expected to bring a wide range of real-world use cases, including e-commerce, remittances, and peer-to-peer transactions. Integration with other blockchains such as Ethereum and Binance Smart Chain will also become possible.

Below is information from the official announcement pages of major exchanges regarding their handling of Pi Network (PI Coin). Each page provides detailed explanations of the trading start date, trading pairs, and procedures after listing.

Official Announcement Information for Major Exchanges

  • OKX OKX has announced that spot trading for Pi Network token (PI) will begin on February 20, 2025. The trading pair will be PI/USDT, and details can be found on the official announcement page. Announcement page: https://www.okx.com/learn/when-will-pi-network-launch-tradinghttps://www.okx.com/press
  • MEXC MEXC has announced in its official news that trading for the PI/USDT pair will begin on February 20, 2025. Further information can be found on the official website. Announcement page: https://www.mexc.com/ja-JP/support/articles/17827791521948https://www.mexc.com/news
  • Bitget Bitget has announced the start of trading for the PI/USDT pair from February 20, 2025, at 8:00 AM (UTC) on its official blog. Please refer to the blog post for detailed trading conditions. Announcement page: https://www.bitget.com/news/detail/12560604567529https://www.bitget.com/ja/news
  • Gate.io Gate.io has announced the listing of PI Coin in conjunction with the launch of the Pi Network’s open mainnet. Details such as the future trading start date are published in the official news section.
  • Bitrue Bitrue has officially announced the start of PI token trading from February 20, 2025. Trading conditions and other details are clearly stated in the official news section.
  • Pionex Pionex has clearly stated in its official announcement that PI/USDT trading will begin on February 20, 2025. Detailed information can be found on the news page of the official website.

Summary

By checking the official announcement pages of each exchange, you can quickly grasp the latest trading start information, trading pairs, and trading conditions. With increased liquidity and demand after listing, the market trend of PI Coin is attracting attention. Investors and users should regularly check each official website and strive to gather the latest information.

Binance and Other Major Exchange Trends

There are no official announcements yet from major exchanges such as Binance and Coinbase. However, listing on major exchanges is expected after the Pi Network’s open mainnet launch. Meanwhile, HTX (formerly Huobi) has ended Pi IOU trading and is reportedly preparing for the listing of genuine Pi tokens.

KYC and Mainnet Migration: Important Steps

Over 19 million users have completed the KYC process, and over 10.14 million of them have already migrated to the mainnet. Users who have not completed KYC are recommended to complete the procedure by February 28, 2025.

Summary: Future Expectations and Precautions

The launch of the Pi Network’s open mainnet and listing on multiple exchanges will have a significant impact on the entire cryptocurrency industry.

Complete the KYC procedure and prepare to participate in this new financial ecosystem! It is important to make strategic investment decisions while carefully monitoring market trends.

*This article is for informational purposes only and does not constitute investment advice. Please make investment decisions at your own discretion.

Pi Network’s Open Mainnet and OKX Listing: A New Era for Cryptocurrency That Will Change the Future

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February 20, 2025, marks a historic moment for the cryptocurrency industry. The Pi Network will finally launch its open mainnet, and its listing on the OKX exchange has been decided. This move is a significant step for the Pi Network to transition from a closed environment to full blockchain integration, offering broader utility.

Pi Network Listing Scheduled?: A Thorough Explanation of the Article Posted by OKX and Future Prospects

What is Pi Network?

The Pi Network is gaining attention as a unique project that allows users to mine cryptocurrency using mobile devices. Over 60 million users have participated so far, with 19 million having completed KYC (Know Your Customer) verification. This project aims to build an entire ecosystem, not just a cryptocurrency.

Details of the OKX Listing

OKX will be the first major exchange to support trading of the Pi token. The key dates are as follows:

  • February 12, 2025: Deposits begin
  • February 20, 2025: Call auction (7:00-8:00 UTC) and spot trading begins (8:00 UTC)
  • February 21, 2025: Withdrawals begin

Some trading restrictions will be introduced on OKX. For example, market orders are prohibited for the first 5 minutes, and single trades cannot exceed $10,000. Specific rules will also apply during the call auction to ensure price stability.

What is OKX Exchange?

OKX is a global cryptocurrency exchange founded in 2017 and based in Seychelles. It supports over 350 cryptocurrencies, including Bitcoin and Ethereum, and more than 500 trading pairs, catering to a wide range of traders from beginners to advanced users.

Key features of OKX include:

  • Diverse Trading Options: Spot trading, margin trading, futures, options trading, etc.
  • Advanced Tools: Offers automated trading bots and a Web3 wallet.
  • Low Fees: Maker fees at 0.08% and taker fees at 0.10%, below the industry average.
  • High Security: Cold wallet storage, multi-factor authentication (MFA), and anti-phishing measures.

Japanese Users and OKX

Unfortunately, OKX services are not available in Japan. However, the listing of the Pi token on OKX is a significant event that will greatly enhance the global appeal of the Pi Network.

Benefits of OKX Listing for Pi Network

The listing of the Pi token on OKX is expected to bring the following advantages:

  • Increased Global Liquidity: Traders worldwide will be able to trade Pi tokens, increasing market recognition.
  • Enhanced Credibility: Listing on a major exchange serves as validation of the project’s credibility.
  • Contribution to dApps and Ecosystem Expansion: An environment will be created where dApp developers and businesses can more easily utilize Pi tokens.

“The listing on OKX is a crucial step for the Pi Network to move to its next phase of growth.”

Although not directly available in Japan, this listing will be a catalyst for the global spread of the Pi Network and the opening of new possibilities. This is expected to further increase interest in the Pi Network and lead to future expansion of use cases.

Expectations for Binance Listing

Currently, many people are anticipating a listing on Binance. Binance is one of the world’s largest cryptocurrency exchanges, and if Pi were to be listed there, liquidity and recognition are predicted to increase dramatically. While there has been no official announcement yet, there are rumors of informal discussions ongoing between the Pi Network and Binance.

Possibilities Brought by the Open Mainnet

With the launch of the open mainnet, the Pi token will offer new use cases such as:

  • Real-World Transactions: Can be used as a legitimate payment method in businesses and services.
  • dApp Integration: dApp developers can build decentralized applications utilizing Pi.
  • Mass Adoption: Potential to be widely accepted, similar to Bitcoin and Ethereum.

Token Supply and Sustainability

The circulating supply of Pi tokens is 6.41 billion, with a total supply of 9.29 billion. This carefully managed supply model is designed to prevent excessive inflation while allowing for gradual growth.

Future Challenges and Outlook

While the Pi Network has many possibilities, challenges remain. Issues particularly related to security, scalability, and regulatory compliance need to be addressed. However, the project is expected to see further growth through increased adoption by developers and businesses.

Summary

The Pi Network is about to open the door to a new era. The listing on OKX and the launch of the open mainnet are significant steps for this project to move to the next stage. The future of this cryptocurrency project will be shaped in the coming weeks.

Pioneers, this journey has just begun. Let’s keep watching!

Pi Network Open Network Launch and the Potential of Pi Coin

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After February 20, 2025, the Pi Network is scheduled to launch its long-awaited open network. This move signals a new development in the cryptocurrency market and is attracting the attention of many investors and users. This article provides a detailed explanation of the latest information on the Pi Network, security measures, market value predictions, and future prospects.

Importance of Open Network Launch

After a long preparation period, the Pi Network has finally announced the launch of its open network. This transition will allow for wider use of the platform, with expectations for listing on exchanges and the development of new use cases. According to the official announcement, February 20, 2025, is expected to be a significant milestone.

Robust Security Measures

The Pi Network maintains high security standards, particularly in its KYC (Know Your Customer) process. While many users struggle with KYC verification, accurate submission of documents such as passports and identification cards is required. This helps prevent fraudulent activities and builds a secure ecosystem.

Pi Network KYC Deadline Extension: Community Reactions and Future Outlook

Pi Coin Market Value Prediction

There is much speculation surrounding the market value of Pi Coin. Assuming a current circulating supply of 6 billion coins, the price is predicted to potentially reach a value of over 1 dollar. However, this price range can fluctuate significantly depending on the supply, so the exact figure will depend on future announcements.

Potential Listing on Major Exchanges

Given its large community and project scale, the Pi Network is expected to be listed on major exchanges such as Binance and Coinbase. This will further enhance liquidity and market recognition.

Selling Pressure Reduction Through Lockup

Many users have locked up their Pi coins, and this activity is believed to reduce selling pressure. In some cases, lockups have been maintained for over 3 years, and this trend is expected to continue after the market debut.

Future Use Cases and Prospects

The Pi Network is not just a cryptocurrency project; it aims to function as a payment tool in the future. With transactions by millions of users and large-scale adoption plans underway, this project has the potential to become a significant entity in the cryptocurrency industry.

Expected Movements After Initial Listing

Like many cryptocurrency projects, Pi Coin is expected to experience a significant rally (price surge) upon initial listing. This tends to occur regardless of bull markets or other market conditions. Additionally, Bitcoin (BTC) supply constraints and the monetary policy of the U.S. Federal Reserve (FED) could also influence this movement.

Summary

The Pi Network is attracting attention in the cryptocurrency industry due to its innovative vision and strong foundation. Many new developments are expected after the open network launch, and its potential is limitless. Let’s continue to watch how this project evolves in the future.

Pi Network: Microtransactions and the Future of the Decentralized Economy

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近年、暗号通貨は急速に進化し、多くの注目を集めています。その中でもPiネットワークは特異な存在感を放っています。本記事では、Piネットワークの特徴、目標、および現在進行中の取り組みについて詳しく解説します。

What is the ‘Within 18 Months’ Migration Plan?

Piネットワークは2025年第1四半期中にオープンメインネットへの移行を予定しています。この計画には以下が含まれます：

  • KYC Process: All users must complete the identity verification process. To date, 18 million people have completed it.
  • Mainnet Migration: Over 10 million people have already migrated, and millions more are in the process of migrating.
  • dApps Preparation: Over 100 applications running

These steps are crucial for building a comprehensive and stable ecosystem. Pi Network has setFebruary 20, 2025as the official launch date, and expectations among users and developers are high.

Microtransactions: Opening the Door to New Possibilities

One of the main goals of the Pi Network is to realize ‘microtransactions’. This is a system that allows small transactions and payments to be made quickly at low cost, and it is key to building a new digital economy.

What are Microtransactions?

Microtransactions refer to small monetary transactions conducted online or within apps. They have the following characteristics:

  • Low Cost: While traditional payment systems can impose high fees, Pi Network’s fees are very low, making it practical even for small payments.
  • Fast Transactions: By utilizing blockchain technology, fast transaction processing is possible.
  • Diverse Use Cases: A wide range of applications are possible, including subscription services, tips for content creators, and small remittances.

Innovation by Pi Network

According to Dr. Nicolas Kokkalis, Pi Network functions as ‘smart money’ and offers the following new possibilities:

  • Micro-Escrow: A mechanism to improve safety and reliability in small transactions.
  • Strengthening Community Economies: Creating new income sources and economic activities in developing regions and areas lacking financial services.
  • P2P Transactions: A platform where users can directly exchange goods and services.

dApps Ecosystem and Existing Transaction Examples

dApps (decentralized applications) are a crucial element of the Pi Network ecosystem. Over 100 are expected to be operational at launch. This will further enhance utility and value.

Furthermore, there are already transaction examples such as the following:

  • Physical Stores: Available for use in restaurants and retail stores in countries like Vietnam and the Philippines.
  • Online Services: Includes a wide range of services such as web hosting and digital content purchases.
  • P2P Marketplace: The exchange of goods and services between users is also becoming active.

Summary: Expectations for the Future

Pi Network is not just a cryptocurrency project, but a challenge to build a new economic zone. The improvement in practicality through microtransactions and decentralized applications, in particular, offers new possibilities to many users and developers. Its future progress will be worth watching.

*This article is for informational purposes only and is not investment advice.*