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A Complete Guide to the ‘Transparency’ Demanded by the Pi Network Community

Introduction: What is Pi Network? Why it’s attracting attention and what you’ll learn from this article

Pi Network has a large number of users worldwide due to the ease with which it can be “mined on a smartphone.” You may have heard of it before. However, regarding its actual state and future potential, various pieces of information are circulating, and many people may find it difficult to understand. In this article, we will objectively and clearly explain the points that you, as a business person, should know, from the basic mechanism of Pi Network to the latest development, “Pi Network Venture,” and the issue of “transparency” that is currently being actively discussed within the community. By reading this article, you should gain insight into Pi Network’s current position and what is needed for its healthy development.

What is Pi Network Venture, Pi Network’s New Initiative?

In May 2025, Pi Network announced the establishment of “Pi Network Venture” with the aim of developing its ecosystem. What kind of initiative is this, and what potential impact could it have on the future of Pi Network? Here, based on officially announced information, let’s look at its overview, expected role, and market reaction.

Purpose and Overview of Pi Network Venture

It is an investment fund aimed at improving Pi’s utility and expanding the ecosystem.
The investment scale is said to be approximately 100 million dollars (Pi tokens and US dollars).
The targets are startups in a wide range of fields, including not only Web3 but also FinTech, AI, and E-commerce.

Operating Entity and Strategy

The Pi Foundation (described as an ownerless organization) is responsible for its operation.
It seems to aim to discover and support promising projects with an approach similar to Silicon Valley venture capitalists.

Market Reaction and Expected Effects

As benefits to the community, expansion of Pi’s usage methods and strengthening of the ecosystem are expected.
On the other hand, this announcement was somewhat anticlimactic for some users who were expecting the full-scale operation of the ecosystem and the progress of the open mainnet, and along with voices of disappointment, a decline in the price of Pi tokens was also observed. It’s not uncommon for such gaps between expectation and reality to arise with new technologies and projects.

Serious Concerns about “Transparency” Erupting from the Community

While showing new developments, Pi Network is facing harsh scrutiny from the community and analysts regarding its operating style, particularly “transparency.” Voices like that of DR Altcoin (pseudonym) mentioned in the background information may be just the tip of the iceberg, and many users seem to have doubts about the project’s soundness. What exactly is being criticized?

Suspicious Eyes: Possible Token Sales by the Core Team?

One of the most serious concerns is the alleged large-scale sale of Pi tokens by individuals associated with the Pi Core Team (the operating team). Some analysts and community members point to blockchain transaction data (on-chain data) as evidence, suggesting that the team may be selling their held tokens on the market without disclosing information.

If this were true, it would be an act that would significantly damage the community’s trust. For example, how would you feel if the management of a company you support secretly sold a large amount of their own stock without informing shareholders or the market? The same kind of suspicion is being directed at Pi Network. (Note that while specific wallet addresses and detailed transaction flows, as mentioned in the background information, have been pointed out, it is extremely difficult for external parties to fully verify each of them. Here, we will only state the fact that such “allegations are being made.”)

Lack of Information Disclosure: What Isn’t Being Said?

There are also constant criticisms that the information disclosure regarding the fundamental aspects of the Pi Network project is insufficient, such as the following:

Governance Structure: Who makes decisions for the project and how?
Tokenomics: The total supply of Pi tokens, distribution plan, allocation to the team and early investors, status of lock-ups (sale restriction periods), and the specific mechanism for burning (reducing supply through destruction).
Security Audits: Has the system’s safety been verified by a third-party organization?

Without clear basic information like this, users and potential investors cannot properly assess the project’s risks. Furthermore, there is a view that this lack of transparency may be influencing the reason why Pi tokens are not being listed on major centralized exchanges (CEXs) like Binance and Coinbase.

KYC Issues and User Assets in Limbo

What is further troubling users is the issue with the KYC (Know Your Customer: identity verification) process. Due to prolonged delays and deficiencies in the process, many users report being unable to access the Pi tokens they supposedly mined themselves, remaining in a state of being “in limbo.” “I tapped diligently every day, but when will I be able to touch my Pi?” Such earnest voices from users are a major factor shaking trust in the project.

Why is “Transparency” Indispensable for Cryptocurrency Projects?

The word “transparency” is often heard in business settings, but why is it so heavily emphasized, especially in projects within new technology areas like cryptocurrency and blockchain? Let’s consider the fundamental reasons through the example of Pi Network. This is a very important perspective for business people interested in new technology trends to discern the soundness of a project.

The Foundation of Trust: From the Perspective of Investor and User Protection

First and foremost, transparent information disclosure is a prerequisite for investors and users to correctly evaluate the risks and potential of a project. The clearer the project’s objectives, technical mechanisms, flow of funds, composition and policies of the operating team, the more confidently participants can engage. Conversely, if information is hidden or ambiguous, it creates suspicion like “Is there something inconvenient?” and hinders healthy fundraising and user acquisition. In a company, this is the same idea as making the management situation open to shareholders through IR (Investor Relations) activities.

Furthermore, the more open the flow of funds and operating policies are, the more it can be expected to have the effect of reducing the risk of fraudulent activities and unfair market manipulation. Fraud is difficult to carry out when everything is visible to everyone.

Collaboration with the Community: The Vision of Decentralized Projects

Many blockchain projects, especially those that advocate for being “decentralized” like Pi Network, aim to be operated and developed autonomously through the participation and cooperation of community members, rather than being controlled entirely by a specific centralized administrator. This is a new form of value creation, different from traditional top-down organizations.

For such a decentralized mechanism to truly function, a transparent information sharing system is essential, allowing community members to accurately grasp the project’s current status, challenges, and future direction, and to participate in the decision-making process. To foster a sense of ownership, where users feel “this is our project,” and to encourage active contributions, the operating side is required to proactively disclose information and engage in dialogue.

What Pi Network Needs to Do to Regain Trust and Develop Healthily

How should the Pi Network operation (Core Team) address the various concerns erupting from the community and rebuild the trust that may be being lost? For the project to succeed in the long term and realize its grand vision, concrete actions are needed, not just words.

Proactive and Specific Information Disclosure

First and foremost, thorough information disclosure is necessary. Specifically, the transparency of the following items should be increased:

Detailed Tokenomics: Disclose the exact total supply of Pi tokens, current circulating supply, the amount held by the team and foundation and its intended use, lock-up periods, and the plan and results of burning (destruction), in a way that can be verified by anyone.
Operating Team and Governance: Clearly define the composition of the Core Team members, their respective roles and responsibilities, and the process for important project decisions.
Development Roadmap and Progress: Show a concrete roadmap outlining what developments will be made in the future and when certain features will be released, and report on the progress regularly.
Sincere Explanation Regarding Allegations: Especially regarding allegations of token sales pointed out by the community, fulfill the responsibility to explain based on data sincerely, so as not to invite speculation.

Establishing Constructive Dialogue Channels with the Community

In addition to one-sided information dissemination, it is also important to revitalize two-way communication with the community.

Regularly hold Q&A sessions like AMA (Ask Me Anything) to directly answer questions and concerns from the community.
Actively collect constructive feedback on official forums and social media, and show a willingness to utilize it for project improvement.

The feeling that “user voices are being heard” leads to the restoration of community trust.

Fulfilling Promises and Improving User Experience

And most importantly, it is to “steadily execute what has been promised.”

The stable and full-scale operation of the open mainnet, which has been long awaited.
Prompt and fair resolution of KYC issues and the establishment of an environment where users can smoothly access their own assets.
Concrete construction and expansion of a practical DApp (decentralized application) ecosystem, i.e., places and services where Pi tokens can actually be used.

Providing concrete value and a good experience that makes users genuinely feel “I’m glad I got involved with Pi Network” will be the best measure for restoring trust.

[Reference] Lessons to Learn from Projects Other Than Pi Network

In the background information (transcription of the YouTube video), there were mentions of other cryptocurrency projects besides Pi Network, such as Ruby Coin and BTB. While these are not directly related to the evaluation of Pi Network, they may be insightful for business people who are always keeping an eye on new technologies and investment opportunities.

Risk Management Perspective: Not Sticking to Just One Project

Especially in new technology fields like cryptocurrency, unfortunately, not all projects succeed. Even if they seem to hold great potential, they can fail due to various factors such as technical challenges, changes in the market environment, and operational problems. Therefore, it is important to not overly believe in the future potential of a specific project and rely solely on one source of information, but to learn from multiple sources and always maintain a calm perspective for comparison and evaluation. This is a basic risk management principle that is also common to investments in other financial products such as stocks.

Be Cautious of “Sweet Deals” Like Airdrops

In the background information, there was also talk of an airdrop (an event where tokens are distributed for free to users who meet certain conditions) for a project called BTB. Airdrops can be an opportunity to learn about new projects and, if you’re lucky, potentially acquire tokens that will have value in the future early on, which may seem attractive.

However, caution is also necessary. Unfortunately, there are also scam projects whose purpose is to improperly collect personal information (email addresses, social media accounts, and sometimes even identification documents) or that simply distribute worthless tokens. Instead of participating casually just because it’s “free,” the literacy to carefully assess the reliability of the project (information on the official website, the track record of the development team, the reputation of the community, etc.) is required. You should be particularly cautious about providing email addresses used for business or important personal information.

Conclusion: Pi Network’s Future Depends on “Trust” – The Perspective We Should Hold

While Pi Network shows positive movements aimed at expanding the ecosystem and improving utility through new initiatives like “Pi Network Venture,” it is also being confronted with the fundamental issue of “transparency” by the community regarding its operation. As we have seen in detail in this article, it is no exaggeration to say that its future largely depends on how the Core Team responds to these sincere voices and rebuilds trust with users.

Pi Network’s current state is precisely one where expectations and concerns are mixed. It attracted many people with its innovative approach of being “easy on a smartphone,” but for the project to move to the next stage, not only technical progress but also operational transparency, accountability, and above all, trust from users are indispensable.

As business people interested in new technologies and trends, the perspective we should hold is to not blindly accept information, but to consider it from multiple angles and cultivate the ability to calmly discern the soundness and risks of a project. Regarding Pi Network as well, it is important to refer to various sources of information, including not only official announcements but also community voices and third-party analyses, and make your own judgment. And if you do get involved, don’t forget the basic principle of risk management: only participate to an extent that losing it would not affect your life.

The key points to watch in the future are how specific and sincere information disclosure and responses are made by the Pi Network operation regarding the concerns raised so far, and whether constructive dialogue with the community makes substantial progress. For Pi Network to truly become a “cryptocurrency for everyone,” it needs to overcome this hurdle of “trust.” Let’s calmly observe its developments.

The Future of Pi Network: Expectations After Open Mainnet and the Reality in 5 Years? Expert Analysis Explained

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Pi Network, which is gaining attention for easy mining on smartphones. Many people probably have questions and expectations like, “Will it really gain value?” or “When will it become fully usable?” This article will **explain in an easy-to-understand way for beginners** the **future Pi Network aims for after the Open Mainnet migration**, which many users are eagerly awaiting, and the **realistic path** to reach it, including statements from the founder at the international conference “Consensus 2025”. Let’s explore together the grand possibilities of Pi Network and the challenges that need to be overcome

Pi Network’s Current Position: Expectations and Reality for Open Mainnet

First, let’s clarify the basics: what stage Pi Network is currently in, and what exactly is the “Open Mainnet” that many people are eagerly awaiting. Understanding this is the crucial first step to deciphering the future of Pi Network.

As of May 2025, Pi Network is in the “Enclosed Network” phase. This refers to a state where the Pi blockchain itself is operational, but connections with external blockchains and exchanges are restricted. Users who complete KYC (identity verification) can transfer their mined Pi to their wallet on the mainnet, but they cannot yet freely transact with the outside world.

The project aims to transition to the “Open Mainnet” beyond that. When this is achieved, Pi Network will be connected to external networks, and there will be a possibility for Pi coins to be exchanged for other cryptocurrencies or fiat currencies on supported exchanges. This is truly the stage where the Pi Network ecosystem will fully connect with society and begin to demonstrate its true value.

The biggest point of interest is “When will it transition to the Open Mainnet?” According to official Pi Network announcements, the policy is to proceed with the transition cautiously after meeting several conditions (such as widespread KYC adoption and ecosystem maturity). While there is various information regarding the timing, the project team seems to prioritize the community’s readiness.

Announcement at Consensus 2025: The Founder Speaks on Pi Network’s Vision

Known as an international cryptocurrency conference held in 2025, “Consensus”. The content reportedly shared by Dr. Nicolas Kokkalis, the founder of Pi Network, about the project’s future at this event provides important clues for us to understand the direction Pi Network is heading.

Dr. Kokkalis spoke powerfully about the potential for **integration with AI (Artificial Intelligence)** and an **ecosystem consisting of thousands of applications (DApps)** deployed on Pi Network. This suggests that Pi Network is aiming to evolve beyond the realm of a simple cryptocurrency into a broader digital platform.

Particularly noteworthy is the construction of an ecosystem centered around **DApps (Decentralized Applications)**. This refers to new forms of services and platforms where users can interact directly with each other, without relying on specific companies or organizations. For example, this could include marketplaces using Pi, decentralized social media, or entirely new types of games. Dr. Kokkalis’s vision may indicate that Pi Network aims to provide tangible value to our daily lives and businesses through these DApps.

Furthermore, Pi Network also emphasizes its aspect as a “network of people” and seems to value a decentralized worldview that grows through the power of the community. The founder speaking directly about the vision at an event like Consensus can be said to be very significant in boosting community morale and deepening trust in the project.

The Path “Until Pi Network Truly Gains Value”

While there are high expectations for Pi Network, some experts calmly point out that there is still time and many challenges to overcome before the project establishes true value and builds a sustainable ecosystem. A cryptocurrency analyst referred to as “Dr. Altcoin” in YouTube content analyzes this path from a more realistic perspective. His opinion may be helpful for us to maintain a long-term view.

Perhaps some of you feel, “New technologies often sound like dreams at first, but it’s quite challenging until they become actually usable…” That’s exactly right, and Pi Network is no exception.

Lots of Apps, But Are the “Real Ones” Yet to Come? Current State and Challenges of DApps

It is said that many DApps already exist in the Pi Network ecosystem. While this might sound wonderful at first glance, Dr. Altcoin points out the possibility that many of these are still under development or are in a “half-baked” (incomplete) state lacking sufficient funding or clear direction.

This is because there is a view that Pi Network has not yet sufficiently established a **full-fledged venture support system (funding, technical guidance, marketing support, etc.)** to help promising development teams elevate their ideas into practical applications. No matter how brilliant an idea is, without a system to support it, the risk of many projects failing midway cannot be denied.

The Indispensable “Funding” and “Time” to Shape Ideas

So, assuming such a support system is in place, how long would it take for funding to reach promising projects? Dr. Altcoin’s analysis suggests that **project review and selection alone could take 6 to 12 months**, and it could take an **additional 3 to 6 months for funding to actually be provided**. This means that even if a brilliant idea is born today, it is entirely possible that it could take over a year before development funding is secured and the project truly gets underway.

This is not limited to Pi Network; it’s a common process when launching new projects. However, for users who are hoping, “I wish I could buy something with Pi soon?”, it might feel a bit long.

High-Quality DApp Development Requires Years

And even after securing funding, high-quality DApps won’t be completed immediately. Think about the convenient smartphone apps you use daily, such as messaging apps, shopping apps, or map apps. Those have undergone numerous updates after their release, listening to user feedback, and have taken many years to become the user-friendly forms they are today.

Dr. Altcoin believes that for DApps provided on Pi Network to grow beyond a simple MVP (Minimum Viable Product) with basic functions and become a **”polished” platform with scalability, integration with the real world, and the ability to attract even general users unfamiliar with cryptocurrency**, it will require **at least 1 to 2 years of development time**. This means that, counting from funding acquisition, a considerable amount of time is expected before truly practical DApps appear.

A Timeframe of “2.5 to 5 Years”

Considering these factors comprehensively, Dr. Altcoin predicts that it could take **approximately 2.5 to 5 years for Pi Network to complete a full-fledged ecosystem** equipped with mature DApps and practical use cases, and to be accepted by a wide range of users.

You might be surprised and think, “Wow, that long?” However, this is by no means a pessimistic figure; it can be said to be a very standard timeframe in the world of blockchain technology and new technologies. For example, even successful platforms like Ethereum took many years from their launch to build their current position. Perhaps what’s important is to watch the project’s growth with a long-term perspective, without rushing.

What Will Happen to Pi Coin’s Price? Expert Short-Term and Long-Term Predictions

When considering the future potential of Pi Network, perhaps the most concerning point is, “What will the price of Pi coin ultimately be?” There are various opinions on this, but let’s consider the short-term possibilities and long-term value by referencing Dr. Altcoin’s view.

Potential for Short-Term Price Spike Due to Exchange Listing and Points to Note

Dr. Altcoin predicts that if Pi coin is listed on a major cryptocurrency exchange in the near future, there is a **possibility that the token price could temporarily surge to around 2 to 3 dollars**. This would be big news for the community and might serve as material to overturn some skeptical views.

However, he simultaneously warns that this is primarily a **”typical cryptocurrency pump” driven by market expectations and speculative movements**, and if it is not accompanied by the actual value of the ecosystem, there is a risk that the price could fall just as quickly as it rose. It requires calm judgment, without being swept away by short-term enthusiasm like “everyone else is buying, so I will too.”

In fact, even now, before the Open Mainnet migration, Pi IOUs (I Owe You) are being traded on some exchanges, and their price shows very large fluctuations. According to source information, it’s a rollercoaster-like movement, with a rise of over 14% in the last month, followed by an 18% drop in the last 24 hours, and a further drop of nearly 3% in the last hour. This indicates how unstable the market is and how expectations and anxieties are intertwined.

True Value is Created by Being “Used”

In order to stabilize and increase the value of Pi coin in the long term, it is essential that the **Pi Network ecosystem matures and Pi coin is actually used for various goods, services, and value exchange**. It is only when attractive DApps and services appear that make people feel they “really want to use” Pi, and it becomes used in daily life, that true demand, not speculation, will be born, and the price is expected to stabilize.

The basic economic principle, “Ultimately, a new currency only gains value when everyone uses it,” applies here as well.

[Summary] What You Should Know If You Believe in Pi Network’s Future: Dreams, Reality, and Time

Up to this point, we have looked at the expectations for the future that Pi Network envisions and the realistic challenges and timeline to reach it, from various angles. Finally, let’s summarize some hints on how we should approach this grand project.

Pi Network has built a large user community around the world, called “Pioneers,” with its innovative approach that allows anyone to participate with just a smartphone. Their enthusiasm and expectations are a great driving force for the project.

The Importance of a Long-Term Perspective, Not “Getting Rich Quick”

However, as Dr. Altcoin’s analysis shows, it is important to understand the **possibility that it will take a long time, measured in years**, for Pi Network to build a truly mature ecosystem and for its value to be widely recognized by society. This does not mean that “Pi Network will fail,” but rather indicates the reality that “true value is not created overnight.”

If you have expectations for the future of Pi Network, it will be important to support it not only with a short-term perspective of “maybe I can get rich quick,” but also with a **long-term perspective of “what new value will this project be creating in a few years?”**

Are You Also a Part of Creating Pi Network’s Future?

The unique aspect of Pi Network is that its growth heavily depends on community participation and contribution. People who develop DApps, people who use them, people who trade goods and services using Pi, or people who spread information about Pi Network. In various ways, many people will be involved in the development of the ecosystem.

If you feel, “Maybe there’s something I can do too?”, it might be a good idea to follow information about Pi Network and participate in the community. Being involved in the dawn of a new technology is sure to be an exciting experience.

Next Step: Continue Gathering Information

The situation surrounding Pi Network is changing day by day. The content introduced in this article is merely information at the current time and one expert’s opinion.

After reading this article, did you feel like you wanted to know more about Pi Network? By all means, make it a habit to **always check the latest information on the official Pi Network website and reliable sources (such as the official blog or forums)**. And it might be interesting to think carefully about how you yourself can be involved in the future of Pi Network and what possibilities you feel.

Pi Network is a project still on its journey, with a grand vision. Many difficulties and unexpected events are surely waiting along the way. However, the progress of technology, the power of the global community, and above all, the element of “**time**” hold the potential to gradually turn that grand dream into reality.

If this article helps you understand the new technology trend of Pi Network more deeply and maintain a balanced perspective of expectations and reality regarding its future, nothing would make me happier. Without rushing, let’s patiently watch the future of this unique project together.

Nicholas Kokkalis at Consensus 2025: Pi Network’s ‘Foundation of Trust in the AI Era’ – KYC, Value Distribution, and Future Vision

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Hello Pioneers! Pi Network founder Dr. Nicolas Kokkalis spoke at the global technology conference Consensus 2025, and powerfully spoke about the future woven by AI and blockchain, and the important role Pi Network is to play within it. Dr. Nicolas’s words at this historic conference brightly illuminated the path forward for Pi Network and were highly insightful for us Pioneers.

In this article, we will extract the key points from Dr. Nicolas’s valuable remarks that are particularly important for us Pioneers, and delve into their true meaning by deeply connecting them with Pi Network’s philosophy and the future it aims for. In the coming era where AI will permeate every aspect of society, the meaning of our daily mining and your cooperation with the KYC process. Why Pi Network is so committed to “Proof of Real Human” and why it aims for “Fair Distribution of Value”. And what lies beyond that, the prosperity of the ecosystem through “Great Products”? Nicolas’s words should further deepen our conviction in the future of Pi Network that we have built together. Now, let’s get to the core together!

How Far Has AI Come? Nicolas Talks About “What’s Truly Important Now”

It’s been a long time since people started saying “AI will change the world,” but in reality, what stage is AI technology at now? Dr. Nicolas explained the current state of AI, especially Generative AI, very clearly by comparing it to historical inventions.

“Historically, there is a slight time lag between the invention of a new technology and its widespread adoption. When it comes to Generative AI, and AI in general, we are currently in such a period. Technology has made tremendous progress, but it’s like the era when electricity or the internal combustion engine were invented, but not every home had electricity yet, or not everyone owned a car. What’s truly important is to use these technologies to create great applications and products. What those specific products will be is not yet fully known. That’s why now is an exciting time.”

These words suggest that Pi Network is not just pursuing new technology, but is focused on how to embody that technology as a practical and valuable “ecosystem”. The potential of technology is immeasurable, but it’s meaningless unless it takes a concrete form that enriches people’s lives. Pi Network’s encouragement of diverse Pi Apps development on its platform is precisely based on this philosophy.

Why Pi Network Insists on KYC? The Absolute Value of “Proof of Humanity” in the AI Era

Familiar to you Pioneers is the KYC (Know Your Customer) process. Sometimes you may have had to wait patiently for the process to complete, or experienced inconvenience. Why does Pi Network insist on implementing such strict KYC on a scale of hundreds of thousands, even millions? At Consensus 2025, Dr. Nicolas explained the clear reasons for this, along with the vision of the coming AI era.

“As Generative AI evolves further, distinguishing between real humans and AI has become much more difficult than before. Previous AI was somewhat awkward, but that’s no longer the case. That’s why I chose a unique approach. It is a process where each individual undergoes identity verification, including actions like shaking their head left and right. This approach, especially in a future where we wish to distinguish between 1000 bots and 1000 real humans, I believe will be very useful. Identifying these humans will be essential, especially in applications where we want to distribute value very fairly and transparently.”

This statement is striking. In a future where AI can generate text, images, and even videos that are indistinguishable from those created by humans, the question “Is the person on the other side of the screen really human?” becomes a major challenge for society as a whole. The risks are immeasurable, including misinformation, impersonation, and system abuse by bots. In such an era, the “large-scale network of KYC-verified humans” that Pi Network has built with time and effort is truly an “infrastructure of trust”, radiating value.

Pi Network’s KYC is not just for regulatory compliance or fraud prevention. It is Pi Network’s investment in the future, aimed at protecting and nurturing the fundamental value of “Proof of Humanity”, which will become increasingly important in the coming society.

“In Whose Hands is the Value?” Nicolas’s Vision for Fair Value Distribution in the AI Era and Pi Network’s Role

An era full of potential for AI to generate new value one after another. However, if those benefits were to be monopolized by a few giant tech companies or a handful of people, would that be the future we desire? Dr. Nicolas strongly reiterated the importance of the philosophy of “Fair Distribution of Value”, which Pi Network has consistently advocated since its founding, in the context of the AI era.

“In a future where more work will be done by AI and agents, it is important to ensure that the value is not monopolized by a small number of individuals or companies, but rather distributed among many people. Founders of projects like Pi Network and other like-minded projects should consider how we can contribute to this value distribution.”

These words deeply resonate with Pi Network’s core philosophy of “cryptocurrency accessible to everyone” and “returning value to Pioneers.” Pi Network has taken an approach that overturns the conventional wisdom of cryptocurrency, where anyone with just a smartphone can participate in mining and earn rewards by contributing to the network’s growth. This is precisely an expression of Dr. Nicolas’s strong will to deliver the value created by new technology not just to a few experts or capitalists, but to a wider range of ordinary people.

Precisely because AI has the potential to significantly transform social structures and economic activities, the decentralized ecosystem where many people participate and are rewarded according to their contributions that Pi Network aims for could become a powerful model for realizing fair value distribution in the new era.

“A Network of Tens of Millions of Humans” is Pi Network’s Strength: Nicolas Talks About Empowerment

What is Pi Network’s greatest strength? Advanced technology? Unique consensus algorithm? Of course, these are also important, but what Dr. Nicolas particularly emphasized at Consensus 2025 is Pi Network’s unparalleled asset, namely, “a network of tens of millions of humans whose existence is proven by KYC”.

“A network with many people will naturally be led to success by empowering them and helping them create other value.”

These words clearly indicate that Pi Network’s user base is not just a “number”, but a “force”. Each individual Pioneer actively participates, trusts the network, and becomes an active agent in the future Pi ecosystem. This massive community of real humans is the most fertile ground for new applications and services to be born and grow, and for the Pi cryptocurrency to hold true value.

While many other projects struggle with user acquisition, Pi Network has already built this strong foundation. This fact strongly suggests that Pi Network has the potential to deploy innovative services in various fields and make a significant impact on society in the future.

Towards “Great Products” That Create the Future: The Pi Ecosystem’s Next Challenge

No matter how wonderful the technology or how noble the philosophy, it cannot create true value unless it reaches people’s hands as concrete “products” or “services” that make daily life better, more convenient, and more enjoyable. At the end of his speech, Dr. Nicolas spoke about his passion for the future of the Pi Network ecosystem and its clear goals.

“People need to build great applications, great products. If you have great products, everything else will follow. And now is a great opportunity to build great products using Generative AI.”

This message indicates the direction that Pi Network is currently, and will continue to, focus on the most. That is, for developers, including the Pioneers themselves, to create numerous innovative and practical applications (Pi Apps) on the Pi platform. There are infinite areas where the characteristics of Pi’s massive KYC-verified network and cryptocurrency can be leveraged, such as games, social media, education, commerce, and financial services.

You Pioneers are also companions in co-creating these “great products”, not just by mining, but by brainstorming ideas, participating in development, or actively using promising apps. The true value of Pi Network is being built by our own hands.

Summary: Building Pi Network in the AI Era Together with Pioneers – Keeping Nicolas’s Words in Mind

Dr. Nicolas Kokkalis’s remarks at Consensus 2025 powerfully reaffirmed the significance of Pi Network, which we Pioneers have believed in and worked on daily, and its grand vision for the future.

In an era where AI is evolving and the boundaries between digital and real are becoming blurred, the “Proof of Humanity” through strict KYC that Pi Network has built over many years holds unparalleled absolute value. And the principle of “fairly distributing value”, the Pi Network philosophy of not concentrating the immense wealth that AI will likely generate in the hands of a few, will become increasingly important. To achieve this, it is necessary for “great products” that enrich our lives to flourish on the Pi Network platform.

All of this can only be realized through the daily taps, KYC cooperation, and active participation and contribution to the Pi ecosystem by each and every one of us Pioneers. Keeping Dr. Nicolas’s words in mind, let us continue our journey of believing in Pi Network’s grand vision and building the future together. The story of Pi Network has just begun!

Pi Network’s $100 Million Boost: What Changes with ‘Pi Network Ventures’? A Deep Dive into the Future

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Introduction: Big Moves for Pi Network! A Journey from “I Don’t Quite Get It” to “Aha!”

“What’s really going on with Pi Network that I keep hearing about lately?” “There seems to have been a new announcement, but does it concern us?” If you have such questions, this article will explain the recent big changes in Pi Network, especially the new initiative called “Pi Network Ventures”, in a clear and detailed manner, as if explaining it right next to you. No specialized knowledge is required. By the time you finish reading, you’re sure to be excited about the future of Pi Network!

What Exactly is Pi Network Again? A Quick Review

Before we dive into “Pi Network Ventures”, let’s quickly review Pi Network itself. Even if you’ve only “heard the name…”, reading this will give you a perfect grasp of the basics.

Pi Network started in 2019 as a “cryptocurrency project that anyone can easily participate in with a smartphone”. Its ease of use, allowing people worldwide to steadily “mine” (translated as excavation, but perhaps “acquire” is a better image here) its unique digital currency called Pi through a smartphone app without difficult technical knowledge or expensive equipment, has attracted many participants globally. Its major goal is to “create the most widely used cryptocurrency in the world and build an open economic ecosystem accessible to everyone”.

Until now, it has been, so to speak, a preparation period. Many people have acquired Pi, and the community has grown. And now, a big step is about to be taken for Pi to actually be useful in society. That is the emergence of “Pi Network Ventures”, the theme of this article.

Main Topic! “Pi Network Ventures” is Born! The $100 Million Big Wave Has Arrived!

Thank you for waiting! Here comes the main topic, the emergence of “Pi Network Ventures”. It might sound a bit formal, but imagine it as “a very large scholarship system or support fund has been created to support new ideas and businesses in the world of Pi Network!”. The scale of this fund is announced to be a staggering $100 million (over approximately 15 billion Japanese Yen^*! *Estimated based on the exchange rate as of May 2025).

This can be said to be proof that Pi Network is serious about realizing “usable Pi”. It is a concrete action plan to meet the expectations of many users who ask, “What can I do with Pi besides just collecting it?”

What is “Pi Network Ventures” in a nutshell? – A “Support Group” and “Investor” for Growing Pi

The role of Pi Network Ventures is to provide funding and resources to support startup companies and developer teams that are trying to develop and deploy innovative applications and practical businesses using Pi (collectively referred to as “utilities”) on the Pi Network platform. In other words, it is a “support group” that sows many “seeds” to make Pi more convenient and used in more situations, and also an “investor” that actively invests in promising projects.

$100 Million! Where Does This Money Come From and What Will It Be Used For?

This $100 million fund is explained to consist of Pi tokens held by Pi Network itself and US dollars (USD), a real-world fiat currency. This funding will be provided in the form of investments to projects deemed to contribute to the growth and development of the Pi ecosystem.

For example, ideas like the following might be eligible for support:

Online marketplaces where goods and services can be bought and sold using Pi
New social media or games that can be participated in with Pi
Systems that can easily introduce Pi payments in real-world stores
Completely new services utilizing Pi blockchain technology

In this way, Pi Network Ventures is trying to create a concrete path for Pi to become a “currency that can actually be used” in our daily lives and business scenes.

What Kind of Ideas Will Be Supported? – New Services and Businesses Using Pi

Pi Network Ventures is particularly focused on “projects that enhance the true utility of Pi and accelerate its adoption in the real world”. Ideas are sought that are not just technically interesting, but also valuable to many people and contribute to the overall growth of the Pi ecosystem. If you are a developer and have a great idea using Pi, this could be a big opportunity for you.

Why “Pi Network Ventures” Now? Its Aim and the Future Vision of Pi

Why did Pi Network take this big step with “Pi Network Ventures” at this timing? It’s because Pi Network is seriously trying to transition to the next stage, which is the “stage where Pi actually has value in society and becomes widely used”. Behind this is the grand future vision that Pi Network aims for and a clear strategy to realize it.

Aiming for “Usable Pi”! A Future Where Pi is Active in Daily Life

The ultimate goal of Pi Network is to make Pi not just a speculative digital asset, but a “practical currency” that can actually be used to pay for goods and services in daily life. To achieve this, it is essential to increase the places and opportunities where Pi can be used (i.e., utility). Pi Network Ventures is expected to be the catalyst for explosively increasing these “places and opportunities where Pi can be used”.

Imagine paying for coffee at your usual cafe with Pi, buying what you want online with Pi, or receiving payment for freelance work in Pi… Such a future might gradually approach through the activities of Pi Network Ventures.

What Kind of Organization is the “Pi Foundation”? Transparency and Community-Driven Mechanism

In this announcement, it is also emphasized that Pi Network Ventures was established through the “Pi Foundation”, and that this foundation is an “ownerless organization”. This is a very interesting point.

An “ownerless organization” is thought to aim for a more decentralized approach, operated for the benefit of the entire Pi community and the development of the project, rather than being controlled by specific individuals or companies for profit. This is an attempt to embody the principles of “community-driven” and “transparency” that Pi Network advocates, and it will have important implications for the long-term health of the project. However, further detailed information disclosure regarding its specific governance (management and operation) mechanism is awaited in the future.

Not Just a Digital Currency! Innovation That Pi Might Bring About

Projects supported by Pi Network Ventures have the potential to not only enable payments with Pi but also create new forms of services and business models utilizing Pi’s blockchain technology. This could lead to true innovation that transforms existing financial systems and business practices. Pi Network aims to grow as a platform with such great potential.

What Happens to Our Pi? The Impact of Ventures on Pi’s Value and Usage

“Pi Network Ventures” starts investing in businesses using Pi… What does that mean for the Pi that we have been diligently mining every day? Here, we will tell you what you can expect and what you should know about the value of Pi and how it will be used in the future, which is probably what you are most concerned about.

What Does It Mean to Invest Directly with Pi? Will the “I Want It!” for Pi Increase?

What is noteworthy is that Pi Network Ventures states that it aims to “conduct the majority of its investments directly in the form of Pi”. This means that promising new businesses and services will increasingly receive “Pi” instead of “US dollars” as operating funds.

Since businesses will need Pi to operate and grow, there is a possibility that demand to “buy” Pi will arise in the market. If demand increases, its value is theoretically expected to increase as well. This is an important step for Pi to transform from something merely “held” to something “actually used and sought after”.

Things You Can Buy and Do with Pi Might Increase! Expanding Ecosystem

If many promising projects are nurtured by Pi Network Ventures, the services, goods, and applications that can be used with Pi will steadily increase. This is the “activation of the ecosystem”. The ways you can use your Pi will expand, and you might feel the benefits of holding Pi more concretely.

For example, subscribing to exclusive content from your favorite creator with Pi, or supporting local small businesses by enabling Pi payments, might become a reality. Let’s hope the day comes when the question “What can I use this Pi for?” turns into the joy of “I can do this and that with Pi!”

Hold On! Points to Note – Balancing Dreams and Reality

Here is one important point to note. The activities of Pi Network Ventures are undoubtedly very positive factors for the value and ecosystem of Pi. However, it does not guarantee that the price of Pi will skyrocket immediately or that you will become rich overnight.

The value of cryptocurrencies fluctuates due to many complex factors such as market conditions, project progress, and regulations. Pi Network is trying to build a practical ecosystem from a long-term perspective, and it will take time for the results to appear. It is important not to have excessive expectations like “Since Pi Network Ventures is here, the price of Pi will be 100 times higher tomorrow!” and to calmly and long-term observe the project’s growth.

Also, this article is intended to provide information about Pi Network and does not recommend any specific investment. Please make investment decisions based on your own thorough research and careful consideration.

The Future of Pi Network: Open Network and Dr. Nicolas Kokkalis’s Important Announcement

The evolution of Pi Network is still ongoing. In parallel with the launch of “Pi Network Ventures”, another very important milestone is approaching. That is the transition to the “Open Network”. Furthermore, there is information that an important announcement might be made soon by Dr. Nicolas Kokkalis, one of the founders of Pi Network.

What Changes with the “Open Network”? – Pi Becomes More Free!

Currently, Pi Network is in the “Enclosed Network” phase, where Pi transactions are limited to within the Pi ecosystem. However, transitioning to the “Open Network” will open the way for the Pi blockchain to connect with external blockchains and exchanges, allowing Pi to be traded more freely and exchanged with other cryptocurrencies (however, specific details await official announcements).

This is a very important step for Pi to function as a true global cryptocurrency and can be said to be a development that many users are eagerly awaiting. Attention is focused on future official announcements regarding the timing and specific conditions for the transition to the Open Network.

[Attention!] What is the Future of Pi as Spoken by Founder Dr. Nicolas?

It is reported that he will give a lecture at a large conference held in Toronto, Canada on May 16, 2025.

The community has high expectations that the current status and future prospects of Pi Network, as well as more in-depth information regarding Pi Network Ventures and the Open Network, will be revealed at this event.

Conclusion: Pi Network’s New Challenge Has Just Begun! What We Can Do

The launch of “Pi Network Ventures” is a strong declaration that Pi Network has moved beyond the stage of mere ideas and experiments and has begun to seriously build an ecosystem to create concrete value in the real world. A fund of $100 million clearly demonstrates its seriousness.

Through this article, have you been able to get a glimpse of what Pi Network Ventures aims for and how it might affect the Pi we hold and the future of Pi?

Of course, the journey of Pi Network has just begun. To realize its grand vision, it needs to overcome many challenges and grow together with the community over time. What we users can do is, first and foremost, keep following accurate information, and understand the project’s long-term goals and observe calmly.

And if you are a developer or entrepreneur, you might be able to leverage the opportunities provided by Pi Network Ventures to realize new ideas that enrich the Pi ecosystem.

What kind of changes will Pi Network’s new challenge bring to our future? Let’s watch with anticipation, and hopefully, play a part in its growth. We hope that today’s understanding of “Aha, I see!” will lead to your actions tomorrow of “I want to know more” and “I want to try it”.

This article is created based on the provided source information and general knowledge, and does not recommend specific financial products or investments. Investing in cryptocurrencies involves risks, so please make decisions at your own discretion and responsibility. The exchange rate in the article is an estimate as of May 2025.

Dr. Nicholas on True Value and the Path to Ecosystem Building

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Many Pioneers may be feeling anxious looking at the recent Pi Coin price chart and its sharp decline. Having recorded a drop of approximately 80% from its peak, there is widespread unease within the community. However, this may not be just an end, but a new beginning, or an opportunity to understand the true essence of the Pi Network. This article delves into the current situation and considers the true value that the Pi Network aims for.

The Core Team’s Stance During Difficult Times

The Pi Network is currently facing a challenging period. The price has fallen significantly, and many critical opinions are being heard. Many Pioneers may be disheartened. However, it is precisely in such situations that the true nature of the project becomes visible.

Dr. Nicolas Kokkalis, one of the co-founders of the Pi Network, emphasizes the importance of a team that continues to move forward even in difficult circumstances. What is important is not a team that only operates when things are going smoothly, but one that supports building without giving up even in adversity. And the Pi Core Team is doing just that right now, continuing development and moving the project forward amidst the turmoil.

The current price is hovering around $0.6, and there are voices lamenting, “Is this the result of 6 years of mining?” and views that Pi has failed. However, this may be a misunderstanding stemming from not fully comprehending what the Pi Network aims for, especially the true value of Pi Coin.

Misunderstanding Regarding Pi Coin’s Value: Price Isn’t Everything

Many people, even enthusiastic Pioneers, may not fully understand what the Pi Network is trying to achieve, particularly the intrinsic value of Pi Coin. Consider this for a moment. If you can mine 100 Pi per day, even at $0.6 per coin, that’s $60 worth per day. Even if it’s just 10 Pi per day, that’s $6. Is this truly worthless?

What determines whether a price is high or low is not just the number on the screen. What matters is what that number means in the context of how Pi is acquired and how it is used. The Pi Network is different from Bitcoin. Pioneers continue to acquire Pi every day, and the game is not over.

Pi Network’s Potential and the Dynamics of Price Formation

From a broader perspective, the maximum supply of Pi Network is 100 billion Pi. If this were fully circulated in the market, the theoretical market capitalization would be around $60 billion, holding the potential to rank among the top 10 cryptocurrencies globally. This figure suggests the magnitude of the potential we currently hold.

However, the current price is being driven by a tug-of-war between three main forces within the Pi community:

Miners (Pioneers, Node Operators): They supply Pi to the market. Naturally, they hope for the price to rise, and some dream of becoming rich with Pi. They are the supply side.
Users (App Developers, Creators, General Users): They actually use Pi. For example, Pi is needed to make posts stand out on Fireside Forum. They want Pi to be affordable. The lower the price, the more activity is possible. They are the demand side.
Ecosystem Coordinators (Pi Core Team, Exchanges): They manage large amounts of Pi and can control the supply to the market. Their role is to stabilize the economy as usage expands. If there is too much supply, the price will crash; if there is too little, no one can use it.

The ideal price is formed where the supply from miners meets the demand from users. However, currently, demand is still low. If many holders lose confidence and rush to sell simultaneously, the system could become unstable. This is why the Pi Core Team’s role in balancing is more important than ever.

The Importance of Utility and Ecosystem Building

Many Pioneers may think that if they stop mining, the project will end, but that is not necessarily correct. What is important is not the presence or absence of individual mining activity, but that Pi Coin is actually used, in other words, utility.

What the Pi Network truly needs now are people who use Pi Coin in the real world. Developers who build apps, people who trade goods and services using Pi, and Pioneers who not only mine but also use, spread, and innovate with Pi. As concrete steps, the introduction of the Pi Ad Network and the development of dApps (decentralized applications) such as 1Pi Mall (E-commerce), Workforce Pool (Freelance Marketplace), and Map of Pi (Pi Payment Enabled Store Finder) are underway.

The Significance of Consensus 2025

Dr. Nicolas Kokkalis’s participation in major conferences like Consensus 2025 is extremely significant. Such events are like magnets that attract developers, investors, and future partners. His participation provides an excellent opportunity to present the Pi Network to those who can build the future of the ecosystem.

Time to Discard Hype and Take Action

Hype like “Pi will be $1000 soon” or “You’ll get rich overnight” no longer helps the Pi Network. That phase has passed. It’s time to face reality. What Pi needs is not miners with excessive expectations, but true contributors.

Stop fueling FOMO (Fear Of Missing Out) and stop dreaming without taking action. Belief alone is just a wish.

A Call to Pioneers: Act as Builders

If you truly believe in the Pi Network and its principles (a decentralized future, financial empowerment, a community-driven economy), now is the time to act. It’s not the time to just wait for a miraculous price surge or expect exchange listings to change your life. True progress comes from participation, contribution, and commitment.

Support businesses that use Pi.
Educate new Pioneers.
Help build real-world utility for Pi Coin.

Your active involvement has never been more crucial. Don’t just hold Pi Coin like a lottery ticket; use it. Pay with Pi in businesses, exchange it for goods and services, and show the world that this is not just a coin, but a movement with true value, supported by a participating community, not speculation.

Support Pioneers who are developing apps, Pioneers who are running businesses using Pi, and those who are promoting adoption, even if they are just starting out. That’s how the ecosystem grows. Every time you support a Pi transaction, every time you engage with a Pi project, you are proving its use case and helping to increase the value of the entire network.

We have prioritized truth, transparency, and the responsibility to create the future we desire over hype. If you say you believe in Pi, show it with action. Belief without effort is just noise.

Conclusion: The Future Depends on Utility

The decline in Pi Coin’s price is the result of many intertwined factors, but it does not necessarily mean the end of the project. Rather, it suggests that the speculative frenzy has cooled, and it is time to focus on true value: utility and ecosystem building. Now that we have transitioned to the Open Mainnet phase in February 2025, the future of the Pi Network depends on how actively each and every one of us Pioneers participates and “uses” Pi, not just as miners, but as builders of the ecosystem.

What kind of apps and services would you like to see in the Pi Network ecosystem? Share your ideas in the comments.

Will Pi Network Make a Global Leap at Consensus 2025? A Deep Dive into the Founder’s Speech, Binance Listing Speculation, and the Future of Public Consensus

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Pi Network is attracting attention as it has been reported by multiple sources that it will participate as an official sponsor in “Consensus 2025” (May 14-16, 2025, held in Toronto), one of the world’s largest conferences on cryptocurrency and blockchain technology, and that co-founder Dr. Nicolas Kokkalis will speak. This participation is a major step forward for the project and raises expectations for important announcements, such as the mainnet launch that the Pi community has been eagerly awaiting.

Consensus 2025 Official Page

https://consensus2025.coindesk.com/

You can confirm that Nicolas’s profile is on the speakers page.

What is the Consensus Conference? The World’s Largest Web3 Event

First, let’s deepen our understanding of the “Consensus Conference.” Founded in 2015 by major blockchain media outlet CoinDesk, this conference is considered one of the world’s most influential annual events in the fields of cryptocurrency, blockchain, and Web3. It serves as a venue where developers, investors, project founders, policymakers, and others gather to discuss the latest technology trends, investment opportunities, regulatory directions, and more.

The conference held in Toronto, Canada, from May 14 to 16, 2025, marks the 10th anniversary of Consensus. It is said that over 15,000 participants from more than 100 countries and over 500 prominent speakers gather each year, indicating its scale and influence. Many prominent figures in the industry have spoken in the past, making it an event truly referred to as the “Academy Awards” of the cryptocurrency and Web3 industry.

Pi Network’s Participation and Its Significance: Dr. Nicolas to Speak

This time, it is reported that Pi Network has been listed as an official sponsor for Consensus 2025, and it has been confirmed that Dr. Nicolas Kokkalis, a central figure in the project, will speak as a speaker. (Note: Although listed on the Consensus official website’s speaker list as of the time of writing (May 3, 2025), specific lecture details have not yet been announced).

Dr. Nicolas’s appearance holds extremely significant meaning for Pi Network. He is an expert who has researched blockchain and distributed systems at Stanford University and is the soul supporting Pi Network’s technical foundation and vision. His speaking on a global stage about Pi Network’s philosophy, technical progress, and the latest information regarding the mainnet opening that many users are eagerly awaiting will be an excellent opportunity to showcase the project’s credibility and future potential to the world.

What is Pi Network? – From Mobile Mining to Web3 Ecosystem

Let’s review Pi Network again here. Launched in 2019 by Stanford University graduates, this project’s biggest feature is the ease of “mining with a smartphone.” It has set its mission to make cryptocurrency accessible to everyone without requiring special expensive equipment.

As a result, it is said to have formed a user community of “Pioneers” on a scale of 60 million people worldwide. According to official announcements (December 2024), over 18 million people have completed identity verification (KYC), and over 8 million people have completed the migration to the mainnet. In terms of technology, it adopts a unique consensus mechanism based on the Stellar Consensus Protocol (SCP), appealing to its high energy efficiency compared to Proof-of-Work (PoW) methods like Bitcoin, while maintaining security and decentralization.

Furthermore, Pi Network is not just a cryptocurrency; it aims to build an open ecosystem that supports various applications such as payments, social networking, gaming, and e-commerce in the future, with the goal of becoming a “passport to the Web3 world.”

Overcoming Skepticism: Pi Network’s Challenges and Growth

Pi Network’s journey has been far from smooth. In the early stages of the project, it was exposed to skeptical opinions such as “it’s just a smartphone app” or “it’s worthless points,” and harsh criticism like “isn’t it a scam?” The mechanism of being able to mine for free may have also created some distrust.

However, the Pi Network team has continued steady development, prepared for the migration from the testnet to the mainnet, and built a massive community. The sponsorship participation in Consensus 2025 and Dr. Nicolas’s appearance can be seen as evidence that these efforts have borne fruit, the project has gained a certain level of recognition, and it is demonstrating a solid presence in the cryptocurrency industry. It is believed that the result of responding to past doubts with actions and achievements has opened the way to such a global stage.

What to Expect at Consensus 2025?

With Pi Network participating in Consensus 2025 and Dr. Nicolas speaking, what kind of announcements and information disclosure can be expected? Several possibilities can be considered.

Mainnet Open Timing: What the community is most focused on is the specific timeline for the general release of the mainnet (Open Mainnet). Pi Network has announced that it aims to start the open network in the first quarter (Q1) of 2025, but it will be interesting to see if Dr. Nicolas makes an announcement at Consensus regarding a more detailed roadmap, progress, or a definitive date. If this is realized, the liquidity and usability of Pi could dramatically improve.
Ecosystem Progress: Specific application examples of Pi in areas such as payments, e-commerce, social, or the metaverse, or demonstrations regarding applications under development (Pi Apps) may be held. If concrete use cases for Pi are shown, the project’s potential will become clearer.
Web3 Strategy: What role Pi Network intends to play in the world of Web3, the decentralized internet. The vision and plans for making decentralized applications (dApps) easily accessible to general users may be discussed.
Partnerships and Collaborations: The Consensus conference is an excellent opportunity for networking with other projects and investors. For example, new partnerships may be revealed, such as collaboration with oracle services like Chainlink or cooperation with major payment companies like PayPal, although the possibility is not zero.

The Power of Community: The Driving Force Behind Pi Network

The existence of a passionate community around the world is indispensable to the background of Pi Network’s growth to this day. Users who mine daily, node operators who contribute to network stability, and people who provide feedback on the project. The activities of each of these individuals are the driving force behind Pi Network.

Participation in Consensus 2025 is an achievement not only for the development team but also for all Pi supporters, and can be said to be one answer to their past contributions. As a decentralized project, the voice of the community has always been emphasized. This conference will also be an opportunity to show the world that Pi Network is not just a project, but a future being built by many people.

Expectations for Pi Network’s Next Chapter

Pi Network’s participation as an official sponsor in the Consensus 2025 Toronto conference and the appearance of Dr. Nicolas Kokkalis will be a groundbreaking event for the project. Through this global stage, Pi Network is expected to showcase its technology, ecosystem, and grand vision to the world.

Much anticipation is building regarding the mainnet release timing, concrete progress in the ecosystem, and its role in Web3. For long-time users and those who are just starting to take an interest in Pi Network, the developments at Consensus 2025 are likely to be unmissable.

Shift Towards Transparency and Expected Announcements

For many years, the Pi Network team has been seen as a “mysterious entity” due to its reserved stance. However, with the operation of the mainnet (or its preparation) and the maturation of the ecosystem, the team is gradually shifting towards increasing openness and transparency. This stance may become even clearer at Consensus 2025. Specifically, the following announcements are expected:

Mainnet Governance Details: Such as voting mechanisms showing how the community can participate in network decision-making.
Initial Results of Global Payment Pilots: The results of the Pi Coin payment function launched in cooperation with physical merchants in many countries and regions.
Next Phase of Ecosystem Development: Expansion of ecosystem applications, deepening of developer incentives, plans for introducing cross-chain bridge technology, promotion of global payment compliance, etc.

These announcements will demonstrate that Pi Network is steadily evolving from a mere concept into a practical digital economic platform.

Possibility of Binance Listing: Community Expectations and Reality

One of the topics causing the most heated discussion within the Pi Network community is the possibility of a listing on Binance, the world’s largest cryptocurrency exchange. This speculation is fueled by several factors.

Binance’s New Listing Policy and Past Community Votes

Binance recently reviewed its listing process and introduced mechanisms such as “Vote to List,” showing a stance of placing more importance on community opinions. Prior to this, in early 2025, a community vote regarding the listing of Pi Network was held on the Binance platform, and it was reported that the overwhelming result was that over 85% of voters supported the listing. From these movements, expectations are rising that “Pi Network’s Binance listing may be near.”

Feasibility of Listing: Still Unclear

However, as of the current time (May 3, 2025), there has been no official listing announcement from Binance. While the community’s enthusiastic support is a fact, the final listing decision depends on Binance’s own due diligence, risk assessment, market conditions, and other factors. Also, some information suggests that Binance’s “Vote to List” is limited to projects based on the BNB Chain, implying the possibility that Pi Network may not be eligible for this program. It can be said that the situation regarding Pi Network’s listing still has many uncertain elements.

Ecosystem Expansion and Real-World Use

The true value of Pi Network lies not just in mining but in its connection to real-world use. The project aims to make Pi Coin usable in real economic activities and has already started Pi Coin payment pilot programs with some independent e-commerce platforms and physical merchants in multiple regions. The convenience of easily making payments with a mobile app, from buying coffee to paying for daily necessities, brings benefits to both users and merchants. Furthermore, it provides an SDK (Software Development Kit) for developers, encouraging developers worldwide to build diverse applications on the Pi Network, which is expected to lead to further expansion of the ecosystem.

Summary: Will Pi Network Usher in a New Era of Cryptocurrency?

Based on its unique philosophy of easy smartphone mining and public consensus, Pi Network is trying to open up cryptocurrency to more people. Participation in Consensus 2025 and the founder’s speech could be a significant turning point for the project to move to the next stage. Speculation regarding a Binance listing remains fluid, but it indicates strong community expectations.

There are still many challenges that Pi Network must overcome, such as the transition to the open mainnet, completion of the KYC process, ecosystem expansion, and widespread real-world use. However, its unique approach and massive community hold the potential to bring new possibilities to the world of cryptocurrency. Whether Pi Network can truly realize a new era of digital economy “built and owned by the public” remains to be seen, and future developments will be worth watching closely.

Will Pi Network’s Future Change? A Detailed Explanation of the Impact of Banxa’s KYB Approval!

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New Developments in Pi Network! What Does Banxa’s KYB Approval Mean?

The cryptocurrency project “Pi Network,” which has attracted attention for allowing mining on smartphones. Recently, there has been a significant development within the Pi Network ecosystem. “Banxa,” a company providing cryptocurrency payment services, has passed Pi Network’s KYB (Know Your Business) verification.

Many of you may have wondered, “What kind of company is Banxa?”, “What changes with KYB approval?”, or “Can it be used in Japan?”. This article will explain in an easy-to-understand way about the company Banxa, how this KYB approval will affect Pi Network users and the entire ecosystem, and also whether users in Japan can use it.

What Kind of Company is Banxa? A Bridge Between Fiat Currency and Cryptocurrency

Banxa Holdings Inc. is a fintech company that provides infrastructure for smooth exchange between fiat currencies (such as Yen and Dollars) and cryptocurrencies (such as Bitcoin and Ethereum).

Banxa Company Overview

Item	Details
Year Established	2014
Headquarters Location	Melbourne, Australia
Main Business	Provision of Cryptocurrency Payment Infrastructure (Web3 On/Off Ramps)
Service Details	Brokerage for Buying/Selling Cryptocurrency/NFTs with Fiat Currency
Business Expansion Regions	Global (North America, Europe, etc.)
Listed Markets	TSXV (Canada), OTCQX (USA), FSE (Germany)
Relationship with Pi Network	Official Partner who has passed KYB (Know Your Business) verification

The Importance of “KYB Verification” in Pi Network

KYB (Know Your Business) is like the corporate version of identity verification (KYC: Know Your Customer). It is a process where Pi Network reviews and verifies whether companies it partners with are real, legally operating, etc.

Pi Network emphasizes KYB for the purpose of improving ecosystem safety, ensuring overall project reliability, and future mainstreaming (penetration into society). KYB is an essential step in eliminating fraudulent companies and building a foundation for regulatory compliance.

Specific Impacts Brought by Banxa’s KYB Approval

So, what specific changes can be expected now that Banxa has passed Pi Network’s KYB verification? Here are the main impacts summarized by target.

Impacts of KYB Approval

Target	Expected Benefits/Impacts
Pi Network Users	Possibility of Safe and Legal Pi Purchase Methods: Opens the way to purchase Pi with fiat currency (e.g., USD) via a trusted platform. (Availability depends on Banxa’s supported countries and currencies) Improved Convenience:* If purchases with credit cards etc. become possible, access will be easier.
Pi Network Ecosystem	Increased Reliability and Security: Collaboration with verified companies enhances the overall safety of the ecosystem. Promotion of Global Adoption: Potential expansion of regions where Pi can be used through Banxa’s network. Progress Towards Mainstreaming: Collaboration with regulatory-compliant companies is a step towards greater social acceptance.
Banxa (Company)	New Business Opportunities: Access to Pi Network’s massive user base.

Can Japanese Users Use It? Current Situation and Points to Note

While we have discussed the benefits of Banxa’s KYB approval so far, it is considered unlikely that Japanese users can purchase Pi using Japanese Yen or other currencies through Banxa at this time (May 2025).

The main reasons are as follows:

Japanese Regulations: To provide services for buying and selling crypto assets (virtual currency) using fiat currency in Japan, registration as a “Crypto Asset Exchange Service Provider” with the Financial Services Agency is mandatory. There is currently no information indicating that Banxa has completed this registration.
Banxa’s Japan Support: It is currently unclear whether Banxa has officially launched services for the Japanese market.

In conclusion, for Japanese users to be able to trade Pi through Banxa’s services, the conditions for Banxa to obtain approval from Japanese regulatory authorities (Financial Services Agency) must be met. Until then, please wait for official announcements from the official sources. Be very careful with unofficial information or services.

Summary: A Step Towards Pioneering the Future of Pi Network, But Understanding the Current Situation is Also Important

Banxa’s KYB verification approval in Pi Network is bright news indicating the project’s future potential. It raises expectations for a safer and more convenient user environment for users, and for increased reliability and accelerated global adoption for Pi Network.

However, it is important to understand that, especially for Japanese users, it is not immediately available. Based on regulations and project progress, let’s calmly observe future developments.

From Rumors of Large Investment and 100 App Development to Price and Future Prospects: A Comprehensive Guide

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Hello everyone interested in Pi Network. Recently, various information and speculation regarding Pi Network have been circulating. In this article, we will explain in detail the background and implications of the latest trends and rumors that are particularly noteworthy. We have summarized the key points that Pioneers (Pi Network participants) should know to understand the current situation, from rumors of large investments, anticipated application development, to concerns about future price prospects.

Rumors of Large Investment by Bex Wallet – Is it Anticipation for Pi Network?

One of the recent topics concerning Pi Network is the rumor that interest from large investors is increasing. Particularly noteworthy within the community is the rumor of activity related to a wallet provider called Bex Wallet.

Information on Purchase of Pi Coin Worth 19 Million USD (Unconfirmed)

According to some sources, there is talk that Bex Wallet purchased as much as 19 million US dollars (equivalent to approximately 30 million Pi coins) worth of Pi coins. If this were true, it would be a very large amount and could be interpreted as a strong expression of expectation for the future of Pi Network. This is because it is unlikely that an investor would invest such a large sum in a project with an uncertain future. However, it is important to note that this information is currently not officially confirmed and is in the stage of rumors based on information within the community or specific sources. We need to wait for future official announcements to determine the truth and background of whether a company like Bex Wallet is truly investing.

Even if a purchase occurred, it is unclear whether the coins were provided directly by the Pi Core Team or acquired through existing exchanges (handling IOU).

Information on Bex Wallet and KYC Process (Unconfirmed)

Also, as some information, there are reports that users who had problems with the final step of KYC (Know Your Customer) were able to complete the process relatively quickly (some sources say about 5 minutes) through Bex Wallet. This is also not information confirmed as an official collaboration or function, but if true, it might be information of interest to some users who are facing challenges with KYC.

Price Fluctuations and Market Sentiment – How Should Pioneers Act?

In the current Pi Network market, various speculations are intertwined.

People Waiting for Price Decline

Some people seem to be thinking, “I’ll buy if the price of Pi coin drops to 0.3 dollars.” However, among experts and those with a long-term perspective, there is also the view that if the ecosystem that Pi Network aims for is realized, the possibility of such a low price decline is low. The strategy of waiting for an opportunity to buy at a low price should also consider the possibility of missing the opportunity as a result.

Expectation for Price Increase and Importance of Ecosystem

On the other hand, some people may be thinking of selling when the price rises. However, the true value of Pi Network is not just short-term fluctuations. Its unique utility ecosystem is considered to be the foundation of its long-term value.

The price fluctuations currently seen on some exchanges, such as rising to around 0.66 dollars and then trading between 0.55 and 0.60 dollars, can show relatively large movements. This is thought to be due to the influence of large buy or sell orders, market liquidity, etc., but these do not guarantee the actual price of Pi coin after the mainnet launch.

Most Important Task: Development and Launch of Utility Applications

One of the most important factors when talking about the future of Pi Network is the large number of utility applications that are said to be under development.

Core App Group of the Ecosystem

Pi Network is not just a cryptocurrency project; it aims to build a broad ecosystem to make Pi coin exchangeable for real-world goods and services. At the center of this are various applications being created in collaboration with the developer community. These are intended to function on the Pi Network platform and increase the usefulness of Pi coin.

These applications are expected to include practical ones that people use daily. If concept apps like “Map of Pi” (store search/payment related) and “Pi2Go” (travel related) become fully operational and are used by many users, economic activity using Pi coin will become active, potentially leading to an increase in the value of the entire ecosystem.

Expectation for Development and Launch

Currently, many Pioneers are eagerly awaiting when these applications will become fully available. It is expected that if the development and practical implementation of these application groups are successful, the use cases for Pi coin will expand, contributing significantly to the increase in the value of the entire ecosystem. This will be an important factor in the formation of actual value after the mainnet launch.

Future Outlook and Advice for Pioneers

Pi Network is currently seen as steadily progressing with development, but its pace is sometimes described as like a “turtle’s walk.” However, significant changes are expected ahead.

Possibility of Exchange Listing and Coin Burn

Regarding the listing on Binance, the world’s largest cryptocurrency exchange, expectations are high within the community, but Binance has only indicated general listing criteria and has not expressed specific commitments tailored to Pi Network. Whether a listing will be realized depends on the future progress of the Pi Network project and Binance’s decision.

Also, within the community and some information, there are expectations and speculations that Pi Network may conduct a coin burn in the future. If implemented, it would reduce the supply and increase scarcity, potentially affecting the price, but this is also not an officially announced plan.

The Concept of GCV (Global Consensus Value)

Beyond price, some parts of the Pioneer community emphasize the concept of GCV (Global Consensus Value). This is a movement aiming for a value standard for Pi coin agreed upon by the community (e.g., 1 Pi = $314,159, various proposals exist). The point of trying to establish a unique value standard supported by the community, not just the price in fiat currency, is also one of the characteristics of Pi Network.

Message to Pioneers: Patience, Long-Term Perspective, and Information Literacy

Currently, Pi Network is in many important stages, including application development, preparation for mainnet migration, and ecosystem building. These are ongoing in the backend and are expected to eventually take concrete form.

Therefore, it is important to have a long-term perspective and not be swayed by short-term price information or unconfirmed rumors. It is also required to distinguish between official announcements and rumors or speculations within the community, and to watch the project’s progress with information literacy. You may feel the urge to sell immediately, but understanding the project’s potential and risks, patiently holding the coins (Hold) is also one option.

Summary

Pi Network is a noteworthy project where various information is intertwined, such as rumors of large investments (unconfirmed) and expectations for the development of numerous applications. The price fluctuates, but its true value depends on the utility ecosystem that will be built and put into practical use from now on. Topics like listing on Binance and coin burn are also largely in the realm of speculation at this point.

For all Pioneers, it is wise to prioritize official information, be cautious with unconfirmed information, and patiently and calmly watch the long-term vision and development status of Pi Network. Let’s keep an eye on future official announcements and the concrete progress of the ecosystem.

Astonishing Progress in the Pi Network Ecosystem! Potential of dApps Integration and Advertising Networks

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After the Open Network launch, the Pi Network ecosystem has shown remarkable progress. Particularly noteworthy is the movement towards 100 decentralized applications (dApps) being adopted by local businesses. Looking ahead, there is a suggestion that something significant may happen on June 28, 2025. There may be new instructions or announcements from the Pi Core Team. It is important for all Pioneers to continue paying attention to the latest information.

Remarkable Progress of the Ecosystem After the Open Network

After the Open Network launch, the Pi Network ecosystem has shown remarkable progress. Particularly noteworthy is the movement towards 100 decentralized applications (dApps) being adopted by local businesses. This can be said to be proof that Pi Network is steadily building a foundation to promote real-world use, not just remain a cryptocurrency.

Focus on June 28, 2025

Looking ahead, there is a suggestion that something significant may happen on June 28, 2025. There may be new instructions or announcements from the Pi Core Team. It is important for all Pioneers to continue paying attention to the latest information.

Pi Network Whitepaper and Application Development

Important information regarding application development is described in the Pi Network whitepaper. You can check the details from the “Read More” link within the Pi Network application. This is a must-see resource for developers who want to participate in and contribute to the Pi Network ecosystem.

Overview of the Pi Network Advertising Network

Last year, Pi Network conducted initial tests of PC (presumably an abbreviation for Pi Coin) and the advertising network. This was an attempt to enable advertising within the Pi ecosystem, and in the initial test launch, five community applications were re-released with developers. This advertising network can be said to be the first concrete realization of a platform-level utility to bring real-world use cases to cryptocurrency by leveraging the collective resource of Pi Network’s vast user base.

This initiative aims to convert collective resources such as Pioneer attention, community size, and engagement into beneficial utilities for both developers and Pioneers.

How to Participate in the Advertising Network from the Developer Portal

The progress of Pi Network is remarkable. Developers who wish to participate in the advertising network should first open the Pi Browser and access the “develop” section. There, select “My applications” and click “Create application” to create a new application. By entering the application description and submitting it, you can get the opportunity to place advertisements. For example, by entering a domain name like “indonesiat.com.id” and describing detailed information about the application, you can apply for advertising placement.

Revenue earned through advertising placement may be in the form of Pi Coin. This is an important mechanism that will become a new revenue source for developers and also lead to the revitalization of the Pi ecosystem. When you open the Pi Browser, there are items such as freet, wallet, brainstem, minet, blockchain, developer, QC chat, profile, and domain, but select “develop”. Then, proceed from “My applications” to “Create application” and enter the application name (e.g., Indonesia) and its description and submit it. This provides the opportunity for advertising placement and the possibility of earning revenue in the form of Pi Coin. The progress of the Pi Core Team is remarkable, and we hope this information is beneficial to all Pioneers. The Pi Network ecosystem is undergoing very significant development.

Purpose of the Pi Network Ecosystem and SDK Release

The main purpose of the Pi Network ecosystem is to create a sustainable economic zone where developers can build innovative applications and users can earn Pi Coin by using them.

To achieve this goal, Pi Network has released the Pi Network SDK for all developers, and there is an application community available on the Minnet Ecosystem Interface. Developers who meet the requirements can integrate advertising into their Pi applications through an integrated, safe, and easy-to-use framework. Technical guidance, orientation materials, and advertising content guidelines are provided in the developer portal. The goal of the Pi Core Team is to create an environment where registered developers can easily participate, and Pioneers themselves can constantly interact, participate in the ecosystem deployed by the Pi Core Team, and build and maintain meaningful applications. We hope this information helps deepen the understanding of all Pioneers.

Pi Network’s Direction and Future Prospects for 2025: Transition to Open Network and Ecosystem Strategy

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To the Pi Network community and everyone interested in Pi Network. In this article, we will provide a detailed explanation of the Pi Core Team’s vision for the future of Pi Network, particularly the roadmap and strategy towards 2025, incorporating the latest information. Previous information included personal opinions, some of which were realized and some were not. Let’s take a look together at the current characteristics of Pi Network and the direction the Pi Core Team is heading.

Decentralization of the Pi Blockchain and Nodes

Regarding the blockchain that forms the foundation of Pi Network, the Pi Core Team has a significant vision. That is, to enable individuals to operate Pi nodes on their personal computers (PCs). This aims to enhance the decentralization and stability of the network.

Node contribution types are mainly divided into two:

Community Nodes: General users participate in the network by providing their PC resources.
Super Nodes: Possess higher processing power and handle the core validation tasks of the network.

Currently, the operation of Super Nodes is managed by the Pi Core Team. According to some information, there are still restrictions on connecting to the blockchain, and it does not seem to be fully open access. This means that even after the transition to the “Open Network,” a certain level of management by the Pi Core Team may continue in the initial stages.

Transition to Open Network: February 20, 2025

As a significant milestone for Pi Network, the transition to the Open Network period at 8:00 AM UTC on February 20, 2025 has been officially announced. This will enable external connections to the Pi ecosystem and pave the way for Pi tokens to be listed on centralized exchanges (CEX) and decentralized exchanges (DEX).

This will allow businesses and developers to easily acquire Pi tokens and utilize them for various purposes, especially for providing services and developing features within the ecosystem. Pi Network has achieved the goals set as conditions for the Open Network transition (15 million KYC’d users, 10 million Mainnet migrations, 100 Mainnet apps), and currently has over 19 million KYC’d users and 10.14 million Mainnet migrants.

Pi Ads Feature: A New Revenue Model Connecting Developers and Advertisers

The Pi Ads feature, announced by Pi Network over a year ago, has finally entered the full-scale integration phase with dApps (decentralized applications). This will be a crucial monetization mechanism within the Pi ecosystem.

For example, dApp developers like the travel app “Pi2Go” can use the Pi Ads SDK (Software Development Kit) to display advertisements within their apps. By viewing these advertisements, users enable developers to receive Pi tokens as rewards. This is a mechanism that creates circulation within the Pi ecosystem, unlike dollar-denominated rewards in traditional website advertising.

For advertisers, there is also the benefit of being able to reach Pi Network’s massive user base. Compared to traditional advertising platforms, there is a possibility of potentially conducting effective advertising campaigns at a lower cost. While the specific cost structure is expected to become clear in the future, the ability to use Pi tokens directly as advertising costs will promote the circulation of Pi within the ecosystem. However, it seems that a platform where anyone can freely place ads is not yet publicly available.

Pi Network: Towards a Giant Web3 Social Network

Pi Network is not just a cryptocurrency project; it also has the aspect of being a giant Web3 social network. Currently, active users (Pioneers) exceed 60 million, and over 19 million of them have completed KYC (Know Your Customer).

The KYC process has been improved to be completed more quickly and at a relatively low cost (estimated at about 5 minutes and around $20, but this may vary) through a partnership with Banxa. As the number of KYC’d users increases and more wallets become active in the future, it is expected that transactions within the network will increase, and the liquidity of Pi will improve. From the perspective of Cryptonomics, improved liquidity could lead to the stabilization or increase in the value of Pi tokens.

Collaboration with DePIN Trend: Utilizing Surplus Resources

There is a recently highlighted trend called DePIN (Decentralized Physical Infrastructure Networks). This is a mechanism where individuals share their unused computing resources (network bandwidth, disk storage capacity, CPU processing power, etc.) and utilize them across the entire network. The operation of Pi Network nodes aligns perfectly with this DePIN concept.

By operating nodes, users enable Pi Network to build a global decentralized computing platform. This could potentially serve as a foundation for AI training and more advanced decentralized applications. By riding the wave of DePIN, Pi Network can be said to be enhancing its technological value.

Challenge to Price Stability and Ecosystem Building

For many businesses, there is hesitation in accepting highly volatile cryptocurrencies as a means of payment. The current price of Pi tokens will likely continue to be significantly influenced by supply and demand on exchanges and remain volatile until the ecosystem is fully mature.

The Pi Core Team aims to stabilize the value of Pi through the following strategies to address this challenge:

Improving Utility: Providing an advertising platform through Pi Ads to incentivize businesses to use Pi.
Revitalizing the In-Ecosystem Economy: Encouraging users to utilize Pi within the Pi ecosystem services (dApps) rather than selling it on exchanges.
Strengthening Payment Systems: In the future, the possibility of introducing stablecoins pegged to Pi or intermediary systems to curb price fluctuations is being considered.

It is important to note that “Pi is the currency within the Pi ecosystem and is not a substitute for fiat currency.” Pi’s primary purpose is to be used in the dApps market built on the Pi Network.

External Collaboration and Future Outlook: Key to Liquidity Improvement

Pi Network is also considering collaboration with external services and technical feature enhancements to improve the convenience and liquidity of the ecosystem.

Possibility of Issuing Crypto Cards: Potential for issuing physical or virtual debit cards (like Visa) that can use Pi, in collaboration with platforms like Zebec Protocol (ZPTO). However, this heavily depends on the legal regulations of each country (e.g., Vietnam plans to establish a legal framework for cryptocurrencies in 2025).
Improving Interoperability: In the future, there is a possibility of upgrading the protocol to implement bridge functions or swap functions that allow assets to be exchanged with other blockchains, similar to the Stellar network. This would allow users to exchange other cryptocurrencies like USDC directly for Pi without going through an exchange, potentially leading to a significant increase in liquidity. In particular, large investors (whales) seeking anonymity might find it easier to enter the Pi market.

A Realistic Perspective on Price

The strategies and technological developments of the Pi Core Team discussed so far are primarily aimed at the stabilization and sustainable growth of the value of Pi tokens. This does not mean that Pi will immediately achieve rapid price increases of hundreds or thousands of dollars.

Such a dramatic price increase, if it were to occur, would require very significant external factors, such as adoption by government agencies or parallel use with fiat currency, as expected with Ripple (XRP) or Stellar (XLM), or the stage where the Pi ecosystem is fully mature, has moved beyond the testnet phase, and provides a seamless user experience.

Conclusion: Expectations for the Future of Pi Network and How to Participate

The Pi Core Team has a clear vision for 2025: to evolve Pi Network from just a cryptocurrency project into a Web3 social network with an advertising platform, a DePIN foundation, and a vibrant dApps ecosystem. The transition to the Open Network is a major step towards this.

The strategy focused on price stabilization and liquidity improvement aims for the long-term growth of the project. While we have expectations for the future of Pi, we must understand that its value depends on the development and utility of the ecosystem.

This article does not recommend purchasing Pi. Participation in Pi Network can still be done through free mining from the smartphone app or operating a node on a PC. Let’s keep an eye on the future development of Pi Network.