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Renewed Attention on Pi Network’s Progress Amidst Its Massive User Base

As the cryptocurrency market enters a new phase, Pi Network, with its massive user base, is once again drawing attention. However, many may still find its true status unclear, a mix of optimistic voices and skeptical views. Now, stepping back from the market’s hype, is the project truly moving forward?

This article objectively analyzes Pi Network’s specific initiatives for ecosystem building, based on network data observed over a specific period and official announcements. We will explore the project’s current status and future potential, not just from a speculative angle, but from the perspective of “utility.”

**Important:** Pi Network’s Current Status: Understanding the “Enclosed Mainnet” Before “Open”

Crucial to understanding Pi Network’s current situation is that the network is presently in the “Enclosed Mainnet” phase. We will first explain what this means and why this phase is necessary.

The Enclosed Mainnet refers to a state where Pi’s blockchain itself is operational, but it is intentionally not connected to external exchanges or other blockchains. It functions as a preparatory period before the official open launch. The main objectives of this phase are summarized in these three points:

* **Large-scale Know Your Customer (KYC) implementation:** To maintain the network’s legitimacy and enforce the one-account-per-person principle.
* **Ecosystem fostering:** Providing a secure environment for developers to build and test applications on Pi.
* **Utility testing:** Verifying whether Pi can function as a currency in an environment isolated from external market noise.

Therefore, it is crucial to understand that the data and activities presented in this article represent progress within this “closed network,” and are significant steps towards the future “Open Mainnet” (a state where external connections are possible).

Network Growth Through Data: Key Indicators from a Specific Period

Network activity data is crucial as an objective indicator of project health. Here, we will examine user numbers and asset movements during a specific disclosed period (reported as the first 100 days after the mainnet transition).

The growth during this period suggests that the project is maintaining community interest and continues to expand.

Catalyst for Ecosystem Expansion: Establishment of “Pi Network Ventures”

To enhance the network’s value from within, a large-scale investment arm has been established. We will explain the purpose of “Pi Network Ventures” and the future it envisions.

Pi Network Ventures is a $100 million venture fund (denominated in Pi and USD) established by the Pi Foundation. Its primary objective is to strategically invest in startups and projects that enhance Pi’s utility and promote its real-world adoption. This demonstrates a strong commitment to not just distributing coins, but also fostering their practical use within the ecosystem itself.

As the initial area of focus, “gaming” is highlighted due to its immense market size and strong affinity with digital payments. The aim is believed to be expanding Pi’s economic sphere through experiments with in-game payments and advertising revenue models.

A Touchstone for Utility: “Pifest” Demonstrates Pi Payment Potential

For cryptocurrencies to be more than just digital data, it is essential for them to be “usable” in the real world. “Pifest,” a large-scale commercial event held in 2024, served as a crucial test case to explore this potential.

Remarkably, over 125,000 sellers from around the world registered to participate in this event, with approximately 58,000 stores and individuals actually accepting Pi as payment for goods and services. The community-developed store locator app, “Map of Pi,” attracted over 1.8 million users during this period, and active transactions were reported.

This initiative provided valuable empirical data on whether Pi could function as a daily payment method within a specific community. It demonstrates the project’s commitment to proving its value not just theoretically, but through practical application.

Will it Become the Foundation of Digital Identity? The Evolution of “Pi Domains”

In the world of Web3, the value of human-readable names (digital identities) that replace long, complex wallet addresses is growing. Pi Network’s answer to this is “.pi domains.”

During the domain auction launched concurrently with Pifest, over 57,000 users participated, and a total of over 123,000 bids were placed. These domains are more than just aesthetically pleasing names. They are expected to function as unified digital IDs usable across various apps and services within the Pi ecosystem in the future. This is a crucial step towards dramatically improving user experience and deepening the overall ecosystem’s integration.

Strengthening Technical Infrastructure to Support Mass Adoption

A robust technical foundation is indispensable for an ecosystem that millions of users can comfortably and securely utilize. Here, we will overview key improvements being made behind the scenes.

* **Improved Developer Experience:** Enhancements to the developer portal for quicker app publishing and support for monetization through the Pi Ads Network are underway. This is a crucial measure to attract diverse applications to the ecosystem.
* **Enhanced Security and Convenience:** To protect user assets, two-factor authentication has been introduced for wallet migration, and account recovery features have been strengthened. Furthermore, the KYC process continues to be improved, including support for external identity verification services like “Yoti,” to allow users in more regions to complete verification smoothly.

Conclusion: What the Data Reveals About Pi Network’s Current Position and Future Outlook

Integrating the individual data points we’ve examined so far, what overall picture of Pi Network emerges? Let’s consider the project’s next phase.

The data analyzed suggests that Pi Network is not swayed by short-term market price fluctuations, but is steadily progressing towards its long-term vision of building a practical digital economy. The multifaceted approach – consistent user growth, funding and tools for developer support, real-world payment testing, and strengthening the underlying infrastructure – can be interpreted as calculated groundwork for the future Open Mainnet transition.

Of course, the project’s success is not guaranteed. However, these facts indicate that Pi Network is at least attempting to evolve from being “just a coin you can mine on your phone” into a platform with its own economic sphere. The future value of the project will depend on how many attractive and practical applications and services emerge and integrate into society upon this foundation.

Summary and Next Steps

Finally, let’s summarize the key points of this article.

* Pi Network is currently in the “Enclosed Mainnet” phase, disconnected from external networks, and focused on ecosystem building.
* Data on user numbers, asset migration, and commercial events indicate that the network is growing quietly but steadily.
* The $100 million venture fund and enhanced developer support are tangible investments aimed at increasing Pi’s utility.
* The project’s evaluation criteria are shifting from speculative expectations to “utility.”

We hope this article serves as a helpful guide to objectively understanding Pi Network’s current status. For a deeper understanding, we strongly recommend reviewing the roadmap and whitepaper published on the official website to verify the project’s overall vision for yourself.

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:

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.
Ecosystem Goal Achievement: The number of KYC-completed users, users migrated to the Mainnet, and practical Pi apps must reach the set targets.
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.

[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.

Deep Dive: Pi Network’s ‘.pi Domain’ Strategy – From Name Grab to True Value Creation

Pi Network, a project gaining global attention for its easy smartphone mining, is seeing a surge in auctions for a new digital asset within its ecosystem: the ‘.pi domain’. However, beneath the surface, speculative activities have intensified, prompting the Pi Network Core Team to introduce new strategies and policies aimed at fostering healthy ecosystem growth.

This article delves into these latest developments, explaining in an easy-to-understand manner what the true value of the ‘.pi domain’ is, beyond merely a scramble for names, and what Pi Network truly aims for.

Latest Updates to Pi Network’s ‘.pi Domain Auction’

So, what exactly has changed? Recent updates have significantly improved the auction’s transparency and usability. Here, we’ll outline the main changes:

Introduction of a Statistics Page: A dedicated page has been added to provide real-time updates on auction status, including which domains are receiving the most bids and the highest bid prices. This enhances transparency by making overall trends visible.
Auction Functionality as a Standalone App: The auction feature, previously part of the Pi wallet, has become an independent application. This allows for UI (User Interface) improvements and the addition of unique features, such as the email notifications mentioned later.
Improved UI/UX and Accessibility: The overall interface has been refined, making it more intuitive and smoother for more users to participate in bidding.

These updates are designed to create a fairer environment, enabling more users to participate.

Emerging Challenge: The Problem of ‘Domain Squatting’

However, as auction activity intensifies, a concern flagged by the Core Team has also come to light: ‘Domain Squatting’. This section will explain what this issue is and why it could hinder the healthy growth of the Pi Network ecosystem.

What is Domain Squatting?

Domain squatting refers to the act of acquiring a domain name that includes a specific company name, a famous brand name, or a common word likely to increase in value in the future, before the person or company who would legitimately use it. The primary goal is often to resell that domain name at a high price for profit later on.

To illustrate with a familiar example, it’s like someone who hears about a new city development buying up all the addresses like “Station Front 1st Street” or “Ginza Avenue,” which are likely to become famous, before people who actually want to open shops there. Those who genuinely want to build a store would then have no choice but to buy the address at an exorbitant price or open their business in a less prominent location.

The Pi Network Core Team points out that in the Pi Network auction, activities indicative of squatting are active, such as famous company names like “tesla.pi” and “amazon.pi” receiving high bids. Such practices could impede the overall development of the ecosystem.

The Core Team’s Vision for ‘.pi Domains’ – Functional Identity in the Web3 Era

So, if the purpose isn’t speculative trading, what value does the Core Team see in ‘.pi domains’? The answer lies in the concept of “functional identity in the Web3 era.”

This means more than just functioning as a website address. A ‘.pi domain’ is a type of “Web3 domain” based on blockchain technology, and it is expected to play multi-faceted roles, such as:

Recognizable Access Point: Instead of complex wallet addresses (e.g., GABCD...XYZ), users can send and receive Pi coins using human-readable names like “your-shop.pi.”
Gateway to Apps and Services: Users can directly access specific decentralized applications (dApps) or services by simply typing “game-app.pi” into their browser.
Digital ‘Face’ or ‘Signboard’: It serves as a central element for individuals and businesses to establish their brand or identity within the Pi Network ecosystem.

The Core Team’s vision is for .pi domains to be utilized not merely as speculative assets, but as reliable entry points for functional stores, tools, and services within the Pi ecosystem. This utility is deemed to be the true creator of a domain’s value.

Future Outlook: A Shift Towards Developer Support and Utility Creation

To realize this vision, Pi Network is preparing its next move. It’s not just about providing the ‘land’ of a domain, but about enabling anyone to easily ‘build structures (i.e., apps and services)’ on that land.

Specifically, it has been indicated that tools are being developed to make it easier for even non-programming experts to build and deploy applications. This will clearly shift the project’s focus from speculative name trading to supporting the creation of actual services and businesses.

Summary: The Potential of ‘.pi Domains’ Beyond Speculation

To summarize Pi Network’s recent announcements:

Improved Usability: The auction function has been updated, making it more accessible.
Clarified Challenges: Speculative activities like “domain squatting” are being addressed as an issue.
Vision Presented: The Core Team aims for domain ‘utility’ rather than speculation.
Future Foundation: Tools will be provided to enable anyone to participate in development, fostering ecosystem growth.

Pi Network’s ‘.pi domain’ holds immense potential as a new digital asset in the Web3 era. However, whether its value will be generated by short-term speculation or built upon long-term utility remains to be seen. The Core Team has clearly chosen the latter path, demonstrating its commitment to creating an environment for that purpose.

This policy shift will be a crucial test to determine whether Pi Network ends up as a fleeting trend or genuinely builds a sustainable digital economy.