「KYC」タグアーカイブ

【2025 Latest】Pi Network: The ‘Main Event’ Is Coming! Crucial ‘Second Migration’ & Essential Security Measures Explained

Many ‘Pioneers’ have been mining Pi on their smartphones for years. However, with the specific progress of the Open Mainnet remaining unclear, many may be feeling questions and anxieties like, ‘What’s going to happen to this project?’ or ‘Is my Pi safe?’

In conclusion, looking at the community and project trends, it’s fair to say that Pi Network’s ‘main event’ is yet to begin. However, to truly reap the benefits of that future, there is crucial knowledge that cannot be overlooked.

This article will objectively organize the ‘now’ and ‘future’ of Pi Network based on factual information, thoroughly explaining the particularly important milestone of the ‘Second Migration’, and providing specific and indispensable safety measures to protect your digital assets from scams that aim to steal everything you have, in a way that anyone can understand.

Pi Network’s Current Position: Price Rumors and the Project’s True Focus

First, let’s clarify the current status of prices and rankings, which many are curious about, and confirm the true direction the project is aiming for.

Current Status of IOU Price and Ranking [Fact Check]

Currently, ‘Pi’ is traded on some overseas exchanges, and a price is displayed. However, this is not yet the official Pi Coin that has migrated to the mainnet. This is referred to as ‘Pi IOU (I Owe You),’ a speculative trade expecting to be exchanged for actual Pi once it’s officially listed. Information sites like CoinMarketCap also show this IOU price fluctuating around $0.6, but it’s important to note that this is not a value officially recognized by the project.

More Important Than Price? The Project’s Vision for ‘100 Apps’

In the enthusiastic community, the focus is not on ‘what today’s price is,’ but rather on ‘how Pi can be used in the real world.’ The long-term success of the project depends not on speculative price surges, but on how many practical applications—such as payments and services using Pi—emerge within the ecosystem. A grand vision is currently underway, aiming for a world where Pi can be used in every aspect of daily life.

【Most Important】Don’t Let Your Pi Be Stolen! Safe Use of the Official Wallet

If you believe in the project’s future, the most important action you should take right now is to secure your assets. Unfortunately, scams preying on Pi’s popularity are rampant, exposing many users to the risk of becoming victims. Here, we explain specific and indispensable knowledge to protect your Pi from fraud.

Prevalent Pi-Targeted Scams in Reality

Scammers use every means possible—fake websites, enticing social media ads, official-looking emails—to steal your ‘wallet passphrase.’ The passphrase is the unique master key to access all your assets. Giving this to someone else is the same as, or even more dangerous than, handing over your bank’s ATM card and PIN.

Three Checkpoints to Identify the Genuine ‘Pi Wallet’

The official Pi team has repeatedly warned that you should only enter your passphrase into the ‘genuine’ Pi wallet within the Pi Browser. Please check the following three points with utmost diligence every single time:

  1. Check the URL: Confirm that the address bar at the top of your browser is unmistakably ‘wallet.pinet.com‘. If even one character is different, it’s a fake.
  2. Check the Bar Color: The navigation bar (the band at the top) of the genuine wallet is ‘purple.’
  3. Check the Logo: Confirm that the familiar official Pi logo is displayed within the purple bar.

Never enter your passphrase into any site that does not meet these three conditions. This single piece of knowledge will protect all your assets.

Your Passphrase is the ‘Key to Your Bank Vault’ – Never Share It with Anyone

Pi Core Team members or support will absolutely never ask you for your passphrase. Sweet words like ‘I’ll unlock it for you’ or ‘I’ll migrate it for you’ are all scams. Your passphrase is the most critical secret information that only you should know.

Roadmap to the Future: ‘The Trailer Hasn’t Even Started Yet’

Pi Network is said to be still in the early stages of its grand plan. Let’s look at the important steps planned for the future that may determine the project’s value.

What is the Next Big Step: ‘Second Migration’?

Currently, many Pioneers are eagerly awaiting the ‘Second Migration.’ The community has reported movements suggesting its commencement, raising expectations.

The most significant difference from the First Migration is that coins are not automatically locked up. In the Second Migration, it is said that users will be able to choose whether to lock up their migrating coins for a certain period to increase their mining rate, or to make them available immediately as ‘transferable balance’ without locking them.

Will Past Contributions Take Shape? ‘Validator Rewards’ and Other Plans

In Pi Network, there is a role called ‘Validator’ who helps other users with KYC (Know Your Customer). Plans are underway to give Pi as a reward to users who contribute to this verification process.

In addition, many other milestones remain for the project to achieve, such as listing on major exchanges like Binance and the full-scale deployment of the aforementioned ‘100 Applications,’ and further progress is anticipated.

Understanding Your Asset Breakdown: Three Types of Balances in Pi

Many people might look at the app’s Mainnet screen and feel confused by the different types of balances. Let’s organize your asset breakdown here:

  • Unverified Balance: This is the Pi earned from team members you invited who have not yet completed KYC. This balance will not become yours until they complete KYC.
  • Transferable Balance: This is the Pi that you yourself have mined, or earned from team members who have completed KYC, and has become ready to migrate to your Mainnet wallet. The Second Migration will primarily target this balance.
  • Migrated Balance: This is the Pi that has already completed migration to your Pi wallet, for example, through the First Migration. If you have set a lock-up period, you cannot move it until that period ends.

Conclusion: Future Expectations and What You Should Do Now

There is no doubt that Pi Network is a long-term project with a grand vision. Important steps, such as the Second Migration, are pending for the full activation of the ecosystem, which could be considered the ‘main event.’

However, if you expect a big bloom in the future, it is most important to secure your assets right now. Even if the value of Pi increases significantly, it will be meaningless if it is lost instantly due to scams.

First, thoroughly apply the ‘Three Checkpoints’ learned in this article and re-evaluate your wallet usage habits. Then, carefully monitor official announcements and safely support the project’s future.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Pi Network Ecosystem Outlook: dApps, Nodes, and Community

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

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

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

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

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

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

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

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

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

Pi Network & China Bank Integration: Fact or Fiction? An Objective Analysis of Rumors and Future Potential

Pi Network, a cryptocurrency that allows for easy mining on smartphones, boasts tens of millions of users worldwide. A grand rumor, potentially determining the project’s fate, is being feverishly discussed within some communities: that Pi Network will integrate with national banks in China and become officially usable.

If this news were true, Pi Network’s value and credibility could be completely transformed. However, China is also one of the countries with the strictest cryptocurrency regulations in the world.

This article delves into the core of this grand rumor, the “China Bank Integration theory,” thoroughly investigating its origin and credibility. We will explore both the expected benefits and realistic risks, enabling even those without specialized knowledge to objectively understand Pi Network’s current state and future.

The Core of the Rumor: What is the “Pi Network and China Bank Integration” Theory?

First, let’s accurately grasp where this major topic originated and what it entails.

Information Alleged as the Source of the Rumor

This rumor appears to stem primarily from information disseminated by Chinese-language media platforms known as “Hoke News” and social media influencers. Their claims, in summary, are that multiple Chinese banks are preparing to integrate Pi Network’s system into their services.

Claimed Benefits of Integration: 3 Expected Changes

If this integration were to materialize, it is claimed to bring immeasurable benefits to Pi Network and its users. The main expectations are as follows:

  1. Easy Exchange for Fiat Currency: Banks would mediate, allowing users to safely and easily exchange their held Pi for China’s legal tender, the Yuan.
  2. Bank-Level Security and Reliability: Banks’ advanced fraud monitoring systems and anti-money laundering (AML) mechanisms would apply, dramatically improving the overall trustworthiness of Pi Network.
  3. Expanded Use in Daily Payments: By connecting with banking infrastructure, Pi would be widely accepted as a daily payment method for shopping at retail stores, dining at restaurants, and more.

These expectations evoke a future where Pi Network is not merely a speculative asset but integrates into society as a practical “currency.”

Fact Check: Objectively Verifying the Rumor’s Credibility

While expectations soar, are these claims actually true? Here, we take a step back and calmly verify the information’s authenticity based on objective facts.

Are There Official Announcements from Chinese Banks or Government?

To be clear, as of June 2025, there has been no official announcement from any Chinese bank or government agency suggesting integration with Pi Network.

Partnerships of this kind are extremely crucial information that impacts a company’s future and are typically disclosed through official press releases or reports to financial authorities. Given their absence, it is reasonable to conclude that the “bank integration” is an unverified rumor or merely wishful thinking within the community.

The Reality of “Car Transactions at GCV Price”?

Often linked to the rumor is the story of high-value goods like cars being traded at an astonishing price called “GCV (Global Consensus Value)” – 1 Pi for $314,159 (approximately 49 million JPY).

However, this GCV is not an official value set by the Pi Network development team; it is merely an unofficial target price that a subset of the user community aims to achieve through consensus. While transactions at this price might occur in a form akin to bartering within a very small community isolated from external markets, it does not represent Pi’s objective market value.

China’s Strict Stance on Cryptocurrencies

Most importantly, the Chinese government maintains very strict regulations on cryptocurrencies. In 2021, the provision of crypto-related services by financial institutions, as well as domestic trading and mining activities, were completely banned.

The Chinese government prohibits cryptocurrency transactions themselves, citing reasons such as ensuring financial stability and curbing illegal activities. This national policy and the claim of banks integrating with Pi Network, a private project, are currently in clear contradiction.

Why is Pi Network Attracting Attention in China Now?

Despite such strict regulations, why is the rumor of “practical application in China” spreading so widely? This is likely related to several characteristics of Pi Network.

Even Banks are Watching? Pi Network’s Strict “KYC (Know Your Customer)” Process

Pi Network mandates a strict KYC (Know Your Customer) identity verification process for all users to claim their mined Pi. This mechanism requires submitting official documents such as driver’s licenses or passports to prevent fraudulent multiple accounts and bots (automated programs).

This philosophy of “thoroughly verifying the identity of each user” is very similar to the procedures banks follow when opening new customer accounts. Therefore, the expectation that “banks could safely partner with a system that performs such rigorous identity verification” might be a contributing factor to the rumor.

The Presence of a Huge User Community within China

Despite regulations, a very large number of Pi Network users are said to exist within China. It is easy to imagine that the enthusiasm and expectations of this massive community serve as fertile ground for various rumors and speculations.

Unignorable Risks and Project Challenges

When discussing the future of Pi Network, it is crucial to understand not only the aspects of expectation but also the unavoidable risks and critical perspectives.

Concerns of Being a “Pyramid Scheme”

Pi Network employs a mechanism where inviting new users (referrals) increases one’s own mining efficiency. This structure is a reason for criticism that it “resembles a pyramid scheme (illegal as a multi-level marketing scheme without goods/services in Japan) that profits by increasing members without accompanying the distribution of goods or services.”

While the project positions this as a marketing method to expand its network, this concern remains a significant challenge to Pi Network’s credibility.

Lack of Listing on Major Exchanges and the Current State of the “Mainnet”

As of June 2025, Pi Network is not listed on world-leading cryptocurrency exchanges like Binance or Coinbase. Being listed on an exchange means that the asset gains an objective market price and liquidity, allowing many people to freely buy and sell. The fact that this has not yet happened is because Pi Network has not yet transitioned to an “Open Mainnet.”

  • Current State (Closed Mainnet): Pi Network’s blockchain currently operates in a closed, internal environment and cannot connect with external exchanges or services.
  • Future Goal (Open Mainnet): The stage that enables external connections, allowing anyone to freely trade Pi. The official team is developing towards this transition, but a clear date has not yet been announced.

This transition to an “Open Mainnet” is the most critical step for Pi Network to truly gain value.

Conclusion: Pi Network’s Current Status and Future Outlook

Synthesizing the information thus far, what can be inferred about Pi Network’s current status and future?

Rumors are “Expectation,” Reality is “Work in Progress”

The claim of “China Bank integration” is currently in the stage of “expectation” or “rumor” with little objective basis. The real barrier of China’s strict regulations is very high, and it must be said that the possibility of this rumor materializing soon is extremely low.

Pi Network is a project still under development, presenting a grand vision. Its success depends on steady steps of technological development and social acceptance, not on uncertain rumors.

3 Key Points to Watch for in the Future

To assess Pi Network’s future potential, it is important to pay attention to the following three official developments:

  1. Official Launch of the Open Mainnet: Only when this occurs can Pi stand on the same ground as other cryptocurrencies.
  2. Official Movements by National Regulatory Authorities (Especially China): Should China soften its stance on cryptocurrencies, it could be a major turning point.
  3. Achieving Listing on Major Exchanges: Listing on major exchanges like Binance would be a significant step towards gaining global liquidity and credibility.

Until these milestones are achieved, information regarding Pi Network, especially enthusiastic claims on social media, must be carefully scrutinized for its authenticity.

Article Summary and Next Steps

The “China Bank Integration theory” surrounding Pi Network is an attractive story reflecting strong community expectations, but based on facts, it harbors many challenges and contradictions. If you are interested in this project, it is most important to calmly follow primary information from the project’s official website and official social media, rather than being swayed by unsubstantiated rumors.

Whether it holds the potential to become a future currency or ends as a grand social experiment. The answer will be revealed by the project’s concrete progress moving forward.

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

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

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

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

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

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

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

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

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

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

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

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

The Major Hurdles of KYC and Migration Progress

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

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

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

Why the Criticism? Three Major Hurdles Pi Faces

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

1. Stalled Development and Opaque Roadmap

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

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

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

3. Dissatisfaction with Lack of Communication from the Core Team

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

Why Hope Persists: Pi’s Uniqueness Compared to Bitcoin

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

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

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

Outlook on the Upcoming Important Event: ‘Pi2Day’

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

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

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

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

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

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

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

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

Pi Network Migration Not Progressing? A Detailed Look at Your Pi Coin’s Current Status and Future Outlook

コメントを残す

Have you accumulated Pi coins little by little on Pi Network and completed KYC (identity verification), but they are not migrating to the mainnet yet…” Are you facing such a problem? This article explains the migration delay issue that many Pioneers (Pi Network users) are concerned about, its current status, official explanations, and what we should know now, in an easy-to-understand manner, avoiding technical jargon. Reading this article should help alleviate some of your questions and anxieties about your Pi coins and be useful for future information gathering.

Is it just me? The Current Status of Pi Network Migration and the Voices of Pioneers

First, let me tell you that the situation where Pi coin migration is not progressing as expected is not unique to you. Here, let’s look at the situation many users are currently facing and the voices heard in the community.

Many of you have completed KYC (Know Your Customer: the identity verification process) and are eagerly awaiting the migration of your Pi coins to the “mainnet,” the live network where they will become actually usable. However, on social media and online communities,

  • “It’s been months since I finished KYC, but I still haven’t been migrated.”
  • “I’m anxious because there’s no information on when it will be my turn.”
  • “Why does it seem like people who finished KYC later are migrating first?”
  • “I get an error while using the app and can’t even proceed with the migration process.”

Many such voices are seen. It seems that quite a few Pioneers feel frustrated about being kept waiting for a long time and anxious about the lack of visible progress. This situation is by no means limited to a few users.

Why Isn’t It Progressing? The “Behind the Scenes” of Migration as Told by the Pi Core Team

So, why is migration taking so long? Based on official explanations and announcements from the “Pi Core Team,” the core team of Pi Network, let’s look at the reasons and the process.

The Pi Core Team is also aware of this migration delay and the community’s concerns about it, and they are disseminating information. For example, in an update around April 2024 (or a similar recent official announcement), there was an explanation about the project’s progress.

According to official announcements, it is stated that over 10 million Pioneers have already completed migration to the mainnet (over 10.14 million as of February 2025, with information in subsequent announcements indicating over 12 million). This is a very large scale.

What the team emphasizes is that Pi migration is not a simple task like just distributing coins. Specifically,

  • Accurate verification of all mining history for each user over a long period
  • Confirmation of the contribution level of the Security Circle (a network of trusted acquaintances)
  • Evaluation of app usage status and contribution as a Node (a computer supporting the network)
  • Strict checks for fraudulent accounts or activities

and many other elements need to be verified in detail, which requires enormous time and computational processing. This can be said to be an indispensable process for building the fair and secure network that Pi Network aims for.

Furthermore, migration is not performed for all users at once, but is progressing in stages. Initially, the basic mining rewards are migrated, and bonus rewards obtained through referrals are planned to be migrated in subsequent phases after confirming the KYC completion status of the referred person, among other things.

Furthermore, it is important to note that the Pi coin balance displayed within the Pi Network app is merely an “estimated value.” It is explained that the exact amount to be migrated to the mainnet will be finally determined after these detailed verifications and calculations on the backend.

Open Mainnet Launched! What Challenges Still Remain?

The Pi Network project reached a major milestone with the launch of the “Open Mainnet” on February 20, 2025. This has allowed the Pi Network blockchain to connect with external networks, and some cryptocurrency exchanges have started handling Pi coins, moving the project to a new stage. This is an event that gives great hope to Pioneers who have supported the project for many years.

However, despite this progress, it is believed that several challenges still remain, including the migration delay issue.

The Importance of Transparency and Communication

At the root of the dissatisfaction felt by many users, perhaps more than technical complexity, is the “lack of information transparency” and “lack of communication with the Pi Core Team.” The situation where it is difficult to get clear and timely answers to questions such as “What is the status of my application?”, “How much longer do I have to wait?”, and “What are the specific causes of the delay?” may be amplifying anxiety. More proactive communication, such as regular progress reports and Q&A sessions to answer user questions, is needed.

Will Support System Enhancement Progress?

Regarding the support system, which should be reliable when problems occur, voices are heard saying that “support is mainly handled by chatbots, making it difficult to resolve individual issues” and “a small number of moderators are overwhelmed by a large volume of inquiries, making it difficult to keep up” (background information). To ensure users can continue participating in the project with peace of mind, strengthening the system to provide faster and more accurate support is essential.
As a bright sign, it has been reported that in May 2025, the Pi Foundation, an organization related to Pi Network, launched a $100 million fund called “Pi Network Ventures.” This fund aims to invest in startup companies developing new apps and services on the Pi ecosystem, and it is expected that in the future, such funds will contribute to the strengthening of the entire ecosystem and, consequently, the enhancement of the user support system.

If these challenges persist, they could affect Pi Network’s philosophy of being a “decentralized, universally accessible digital currency” and the trust from the community, so strong improvements are desired in the future.

What Pioneers Can Do and Should Know Now

In this situation, how should we Pioneers obtain information and engage with Pi Network? To avoid confusion and calmly assess the situation, here are a few points to keep in mind.

  • Prioritize checking official information: The most reliable information is disseminated through announcements within the official Pi Network app, the official website (e.g., minepi.com), and official social media accounts (such as X). Get into the habit of checking official announcements first, without being misled by uncertain information.
  • Calm information gathering and judgment: Especially on social media, speculation, incorrect information, or overly pessimistic/optimistic opinions can be rampant. It is important to distance yourself from emotionally charged information and calmly judge the content by comparing multiple sources.
  • Maintain high security awareness: As interest in the project grows, scams attempting to exploit it also tend to increase. Be absolutely careful of phishing scams where someone impersonating Pi Network operations or support tries to extract your passphrase (the secret words needed to restore your wallet) or personal information. The operations team will never ask for your passphrase.
  • Have a long-term perspective: Cryptocurrency and blockchain projects, due to their technical complexity and ambitious goals, generally take a long time to develop and spread. Even if results are not immediate, don’t rush, and sometimes it is necessary to watch with a long-term perspective.
  • Engage with the community healthily: Exchanging information and encouraging each other with other Pioneers is beneficial, but avoid being biased towards specific opinions or acting based on unofficial information. Aim to participate in communities where constructive discussions can take place.
  • Be aware of KYC and migration deadlines: Pi Network may set deadlines for the KYC process and migration to the mainnet. While deadlines have been extended in the past, it is important to always check the latest information through official app announcements and complete the necessary procedures within the deadline. It has been pointed out that exceeding the deadline may result in the loss of some or all of your held Pi.

Summary: The Future of Pi Network and Our Mindset

The Pi Network migration delay is a major concern for many Pioneers and sometimes a source of anxiety. However, official information suggests that the Pi Core Team is also aware of this issue and is steadily working towards a large-scale migration involving complex verification processes.

The operation of the Open Mainnet is an important step indicating that Pi Network has entered a new phase. This has opened the door to the possibility of Pi coins being used in actual economic activities. However, the true value of the project will be tested from now on, and attention will be focused on whether many users can smoothly migrate to the mainnet and whether the Pi ecosystem will grow into something practical.

To achieve this, further improvement in information transparency by the operations side and active and sincere communication with users will be indispensable keys to building future trust and moving the project forward.

As Pioneers, it is most important to calmly and carefully continue to follow official information. Without being swayed by speculation or temporary market movements, it is necessary to evaluate information based on your own judgment, maintain high security awareness, and watch the project’s growth from a long-term perspective. Realizing Pi Network’s grand vision of becoming “the most widely distributed and utilized cryptocurrency in the world” will still require a lot of time and the collective effort of the entire community.

We hope this article helps alleviate some of your questions about Pi Network and serves as an aid for future information gathering and how to engage with the project. If you felt “Ah, I see!”, please do check official information or exchange opinions with other Pioneers in a trusted community. And, cherishing the desire to “know more” and “try it out,” let’s watch the future progress of Pi Network.

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

コメントを残す

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!

May 14, 2025: Predicting the Full Scope of the Major Announcement! Binance Listing Rumors and the Future of KYC/Migration?

コメントを残す

The cryptocurrency project “Pi Network” is the talk of the town. It has gained many users because it allows easy mining on smartphones, and attention is further increasing due to information that a “major announcement” regarding the ecosystem is scheduled for May 14, 2025. In particular, there are many points of interest, such as rumors of listing on Binance, one of the world’s largest cryptocurrency exchanges, the progress of KYC (Know Your Customer), and the advancement of migration to the mainnet. This article provides a thorough prediction and explanation of Pi Network’s basics, latest trends, and what might be revealed in the upcoming announcement, based on objective information and presented in an easy-to-understand manner for those without specialized knowledge. If you’re wondering, “I’ve been hearing a lot about Pi Network lately, but what’s so great about it?” or “What will happen to Pi Network in the future?”, please read on to the end!

What Exactly is Pi Network? A Basic Explanation for Beginners

First, let’s review the basics: “What is Pi Network?” In this section, we will gently explain what kind of project Pi Network is, what it aims to achieve, and why it has attracted so many people, avoiding technical jargon.

Pi Network is a cryptocurrency project launched in 2019 by Dr. Nicolas Kokkalis and Chengdiao Fan, who hold PhDs from Stanford University. Its biggest feature is that anyone can easily “mine” their own cryptocurrency called Pi Coin using a smartphone app. Normally, cryptocurrency mining requires high-performance computers and specialized knowledge, but Pi Network aims to make this more accessible.

You might be concerned, “But won’t mining on a smartphone consume a lot of battery?” Pi Network does not use a mechanism like the computational competition adopted by Bitcoin (Proof of Work). Instead, it employs a unique consensus algorithm based on trust relationships among users (similar to the Stellar Consensus Protocol), aiming to secure the network while reducing energy consumption. This ease of use and the expansion of the community through referrals are some of the reasons why it has gained many users (“Pioneers”) worldwide.

Easy Mining on Your Smartphone? How Pi Network Works

The mechanism is simple: install the Pi Network app and tap it once a day to continue mining. This is like proof that you are contributing to the network’s activity. No complicated settings or operations are required, making it easy for those new to cryptocurrency to get started. Some people might feel uneasy because it seems too simple, but this is because Pi Network has the vision of “cryptocurrency accessible to everyone.”

Aiming for “Cryptocurrency for Everyone” – Its Vision and Potential

Pi Network’s big goal is to become a decentralized digital currency that can be used daily by more people, not just a few experts or investors like Bitcoin. The project team aims to build its own economic ecosystem where goods and services can be traded using Pi. If this is realized, the way we shop and send money might change.

Pi Network So Far: From Test Phase to Open Mainnet

Pi Network has gone through several development phases. Initially, it was operated on a testnet (a testing network) where functional improvements and security enhancements were made. There is also information that the “Open Mainnet,” a more serious operational phase, was launched on February 20, 2025. This is a crucial step for Pi Coin to connect with external wallets and exchanges and gain practical value. However, at present, completely free trading is not yet widespread, and the future development of the ecosystem is key.

Attention! May 14, 2025, What Will Be Announced? CoinDesk Event and Nicolas Kokkalis’s Appearance

Now, let’s get to the main topic. Pi Network has announced that it will make an important announcement regarding its ecosystem on the first day of “Consensus 2025” (hosted by CoinDesk), a global conference on cryptocurrency and blockchain technology, held in Toronto, Canada, from May 14 to 16, 2025. In this section, we will explore why this announcement is attracting attention and what can be expected from the appearance of Nicolas Kokkalis, one of the founders.

The fact that Pi Network is making an announcement at such a large-scale international event can be seen as a sign of the project’s confidence. Normally, Pi Network would report after a new feature was implemented, but this time, the fact that they are announcing a “major announcement” in advance is unusual and is raising expectations within the community.

What is “Consensus 2025”? A Major Event Watched by the World

“Consensus” is one of the world’s most influential events, bringing together leaders, developers, investors, and regulators in the cryptocurrency and blockchain industry. An announcement here has the potential to improve the project’s credibility and lead to new partnerships. What will Pi Network say on such a grand stage?

Why Announce in Advance? What is Pi Network’s Aim?

Several aims can be considered behind the decision to announce in advance. One is to increase community engagement and build anticipation. Another is to attract the attention of media, potential investors, and developers, further increasing the project’s recognition. It could be seen as a stepping stone to the next big phase.

What is the Future of Pi Network as Told by Founder Nicolas Kokkalis?

It has been reported that Nicolas Kokkalis, one of the founders of Pi Network, will speak at the event. It is possible that he will speak about Pi Network’s achievements so far and its specific future roadmap and vision. In particular, if he mentions the challenges the project is facing and how they plan to overcome them, the community’s trust will deepen further.

[Bold Prediction ①] Most Likely? Possibility and Basis for Listing on Binance

The most anticipated aspect of this announcement is the possibility of Pi Network being listed on Binance, one of the world’s largest cryptocurrency exchanges. If realized, it could significantly impact Pi Network’s value and recognition. In this section, we will organize the background and basis for the listing rumors, as well as the potential benefits and risks if it becomes a reality.

Listing on Binance is a major goal for many cryptocurrency projects. This is because Binance has many users worldwide and a very large trading volume, so listing on it can significantly improve the liquidity (ease of trading) of the cryptocurrency and have a significant impact on price formation. Furthermore, being listed on Binance, known for its strict screening criteria, can serve as proof of the project’s reliability itself.

Why the Rumors? What is the Connection to the XLM Blockchain? (Based on Source Information)

In the YouTube video that is the source of this information, reasons cited for the high possibility of Pi Network listing on Binance include past instances where “Pi was deposited into an XLM (Stellar) deposit address” and the fact that “the XLM and Pi blockchains are similar.” Furthermore, information that “there was testing activity related to Pi Network in Binance’s Stellar deposit wallet” has recently become a topic of discussion within the community. If these are true, it might suggest that some preparations are underway behind the scenes.

However, this information is currently just rumors and speculation. It is important to carefully evaluate the information until an official announcement is made.

What Happens if Binance Listing is Realized? Expected Benefits and Potential Risks

If Pi Network is listed on Binance, the following benefits can be expected:

  • Increased Pi Coin trading activity: More people will be able to buy and sell Pi Coin, increasing liquidity.
  • Potential for price increase: Generally, listing on a major exchange is often seen as a positive factor for the price.
  • Improved project credibility: Passing Binance’s screening increases confidence in the project.
  • Accelerated ecosystem expansion: Increased attention may lead more people to develop new services and applications (DApps) using Pi.

On the other hand, the following risks and points to note should also be considered:

  • Increased price volatility: Immediately after listing, the price may surge due to anticipation, but there is also a risk of a sharp drop due to profit-taking sales, etc.
  • Increase in speculative trading: Trading aimed at short-term price fluctuations, rather than the project’s intrinsic value, may increase.
  • Disappointment if expectations are not met: If the listing does not materialize or the price after listing does not rise as expected, disappointment may spread within the community.

The Future of Pi Coin: KYC Deadline Approaching! Explaining Binance Listing and Price Potential

Let’s Evaluate Calmly: The Boundary Between Official Information and Rumors at Present

As reiterated, information regarding Binance listing is currently not officially announced by Pi Network or Binance. Whether this point is mentioned in the May 14 announcement is one of the biggest focal points, but until then, it is important to follow the information calmly without being swayed by rumors. There is also information that Binance previously considered deciding the listing of Pi Coin through a community vote, but it is unclear what happened to this as an official process.

[Bold Prediction ②] How Will the Ecosystem Evolve? The Importance of KYC and Migration

In addition to the rumors of Binance listing, announcements aimed at strengthening Pi Network’s own “ecosystem” are also expected. Particularly important are the progress of the KYC (Know Your Customer) process and “migration” (transition to the mainnet) to make Pi Coin fully usable. In this section, we will explain why these are important and what updates might be possible.

To realize Pi Network’s goal of “cryptocurrency for everyone,” building a robust and reliable ecosystem is essential. For this, KYC and migration are unavoidable paths.

PiNetwork Ecosystem Expansion – Collaboration with Multiple Blockchains and Future Potential

“KYC” to Protect Your Pi: Why is it Necessary? Future Updates?

KYC stands for “Know Your Customer,” which translates to “identity verification” in Japanese. It is the procedure for financial institutions and others to verify the identity of their customers when providing services. Why is KYC important for Pi Network?

  • Prevention of fraudulent use: It prevents a single user from obtaining an unfairly large amount of Pi Coin using multiple accounts or from being used for fraudulent activities such as money laundering.
  • Improved network reliability: The overall reliability of the network increases when all participants are verified as real individuals.
  • Compliance with legal regulations: It may be necessary to comply with laws and regulations in various countries and operate as a sustainable project.

Pi Network has been advancing the KYC process for some time, and many users have already completed verification (information suggests over 18 million as of December 2024). However, many users are still waiting for verification, and there is a demand for a smoother and faster KYC process. In this announcement, major updates regarding KYC, such as improving KYC processing capacity or introducing new verification methods, may be announced.

You might feel that “KYC is a hassle…”, but this is a very important step to protect the value of the Pi Coin you hold and for the healthy development of the entire Pi Network.

How Will Pi Change with “Migration”? What is Second Migration?

Migration, simply put, is like “moving house.” It refers to the process of transferring the Pi Coin you have mined on the testnet to your wallet on the “mainnet,” the production environment where value can actually be exchanged. Only after this is completed can you truly own Pi Coin and potentially use Pi for transactions in the future. Pi Network is already proceeding with migration to the mainnet, which is called “First Migration.” The source information also mentions “Second Migration,” which likely refers to the next phase of efforts to facilitate the migration of even more users or improve the migration process.

In this announcement, sharing of migration progress and future migration plans, especially specific details regarding “Second Migration,” may be revealed. Enabling more users to smoothly migrate to the mainnet is essential for the activation of the ecosystem.

Will Pi’s Value Increase with Ecosystem Enhancement? Announcement of Developer Tools?

The value of Pi Network increases not only through trading on exchanges but also by increasing the places and services (DApps: Decentralized Applications) where Pi Coin can actually be used. Therefore, creating an environment where developers can easily develop attractive apps on the Pi Network platform is also important. The source information mentions that “a large number of developer ecosystem applications are under review,” and in this announcement, new tools or support programs for developers, or the introduction of promising DApps that are already under development, may be announced. This holds the expectation that the Pi Network ecosystem will expand rapidly.

To Avoid Getting Lost in the Sea of Information: What We Should Keep in Mind

We have looked at various predictions and possibilities so far, but it is also important to maintain a calm perspective when encountering new information. In this section, we will think together with readers about points to note when gathering information about Pi Network and how to approach expectations.

Especially for projects like Pi Network, where the community is active and various information is flying around, selecting information is very important. The feeling of anticipation, “Maybe something amazing will happen!”, is exciting, but we also want to maintain calmness at the same time.

Rumors and Expectations First? Get in the Habit of Checking Official Information

The predictions regarding the possibility of Binance listing and the evolution of the ecosystem introduced in this article are also based solely on current information and the YouTube source information. The most reliable source is the official announcement from the Pi Network operating team (Pi Core Team). Get in the habit of regularly checking the official website, official social media accounts (like X), and in-app announcements. Be careful not to be swayed by uncertain information or information that is merely personal speculation.

“You’ll Definitely Make Money” is a Danger Signal! Understand the Risks of Cryptocurrency Investment

Not limited to Pi Network, investment or participation in cryptocurrency always involves risks. There is a possibility of significant price fluctuations, and there is also a non-zero possibility that the project may not proceed as expected. Be wary of sweet words like “You’ll definitely make money” or “You’ll lose out if you don’t join now.” It is important to understand that Pi Network is still a developing project, and its future is largely unknown. This article is not intended as investment advice. Please gather information and participate in the project based on your own judgment and responsibility.

Community Voices and Project Progress: Balanced Information Gathering

One of the big attractions of Pi Network is its active community. The opinions and discussions of other users can be helpful, but on the other hand, they can also be biased towards enthusiastic opinions or unfounded optimism. While listening to the voices of the community, it is important to maintain a balanced perspective by comparing them with objective information such as the project’s technical progress and official announcements.

Summary: What Will the Future of Pi Network Be? Let’s Watch with Expectation and a Calm Perspective

Finally, the summary. Pi Network is a unique project that sets a grand vision and continues to evolve with many users. Expectations are high for how this major announcement will accelerate its progress. Finally, let’s reconfirm how we should approach the future of Pi Network.

The Pi Network ecosystem announcement on May 14, 2025, has the potential to be a major turning point for the project. Many expectations are placed on it, such as rumors of listing on Binance, further progress in the KYC process, acceleration of migration, and the emergence of new DApps that enrich the ecosystem.

However, no matter what announcement is made, Pi Network’s journey has just begun. A sense of “Ah, I see!” along with a desire to learn more and try it out might be the key to enjoying this new technology.

When encountering new information, don’t forget to maintain a calm perspective along with expectation, and wait for the official announcement. And it is important to evaluate the information yourself and watch how the Pi Network project has the potential to change society from a long-term perspective.

We hope this article helps you understand the latest trends in Pi Network and pay attention to future developments. We wish your Pi Network life will be richer and more exciting!

What do you think about the content of this announcement? Please share your opinions in the comments! Also, keep an eye on Pi Network’s official announcements and continue to check for the latest information.

Pi Network Announces Mainnet Wallet Activation Feature, Expanding Access for KYC-Verified Pioneers and Non-Users

コメントを残す

Hello, Pioneers participating in Pi Network! Thank you for your daily tapping. The KYC (Know Your Customer) process that many of you are likely concerned about. We hear many voices saying, “I applied, but it’s taking a long time to get approved…” “I’m worried because it’s been under review or ‘Tentative KYC’ for a long time…” What is your KYC status now?

If you are one of those who are anxious about the progress of your KYC, you might be interested in the information that has recently become a hot topic in the community. Information about a feature called “Mainnet Wallet Activation,” which suggests the possibility that more Pioneers will be able to participate in the Mainnet ecosystem regardless of their KYC status, is being discussed in some circles.

(※[IMPORTANT] This article considers and explains information that is being discussed in the community (including specific YouTube videos, etc.) and trends from past official announcements. There is a possibility that the “Mainnet Wallet Activation” feature and other information mentioned in this article have not been officially announced by the Pi Network Core Team, or that the content is inaccurate. For the latest and most accurate information, please be sure to check the official announcements within the Pi Network app or on the official website yourself. Acting based on unofficial information carries risks.)

In this article, we will explain the rumored details of this new feature, who might be eligible, and the points we should be aware of, as clearly as possible within the scope of what is currently conceivable.

Pi Network KYC is not progressing, making you anxious… For you

In this section, while touching upon the worries and anxieties many Pioneers face regarding the Pi Network KYC process, we will introduce the latest developments being discussed in the community. This might be relevant to your situation.

As you know, Pi Network aims to be a decentralized network composed of real people. Therefore, the KYC process, which confirms that each person is a real individual, is highly valued. However, due to the complexity of the process and the enormous number of applications worldwide, it can take time for approval, or cases where it is temporarily held in a “Tentative KYC” status.

There may be some who are anxious because their KYC results are taking a long time, wondering, “Will my Pi really be usable on the Mainnet?” We understand that feeling well. The information regarding the “Mainnet Wallet Activation” feature, which is attracting attention in some parts of the community, could be said to be an expression of the Pioneers’ expectations.

Hot Topic in the Community! What is the rumored new feature “Mainnet Wallet Activation”?

Here, we will explain the purpose and specific content of the “Mainnet Wallet Activation,” which is being discussed in the community as a new feature, based on the rumored information within the scope of what is currently conceivable. (Please note that this is not an official announcement)

The core of the information regarding this feature seems to be to enable more Pioneers whose IDs have been verified to activate their Pi wallets on the actual Pi Mainnet blockchain. If this is realized, it will prepare for future integration with Pi apps and services, and activities within the ecosystem (such as transactions).

Who is Eligible? Interpreting from the Rumored Information

According to the information being discussed, if this feature were to be introduced, it is suggested that the eligible individuals might not be limited to just those who have fully passed KYC. Specifically, it is said that the following Pioneers might be included:

  • Pioneers who have completed the full KYC process
  • Pioneers with “Tentative KYC” status (a state where additional verification may be required)
  • In some cases, some Pioneers whose KYC process is currently in progress (if they meet specific conditions)

In other words, there is a situation where some in the community are expressing the expectation that even those who have been stalled waiting for final KYC approval or in a tentative state might have the door to the Mainnet opened by this feature.

What Changes with Wallet Activation? Expected Impact

Specifically, what will become possible by activating the Mainnet wallet? If this feature is realized, it could mean that your Pi account is ready to connect to the Mainnet, which is the “real” economic zone of the Pi Network. There are voices that say this is expected to enable participation in the following activities in the future:

  • Use of Mainnet-compatible apps (dApps) within the Pi Browser
  • Sending and receiving Pi between Pioneers (with potential restrictions)
  • Exchange for goods and services locally (regionally)
  • Participation in events within the Pi ecosystem (e.g., domain auctions, etc.)

However, even if the wallet is activated, it does not necessarily mean that all functions will be immediately available without restrictions. It is highly likely that functions will be released in stages.

Why This Information? Considering the Background

If the Core Team is considering introducing such a feature, there are several possible objectives behind it.

  • Accelerating Ecosystem Building: By enabling more users to participate in the Mainnet early, they may want to revitalize app development and service usage.
  • Phased Progress of the Mainnet Migration Process: Instead of migrating all users at once, they may want to maintain network stability by proceeding in stages.
  • Maintaining Pioneer Engagement: They may want to maintain the motivation of users who are waiting in the KYC process and encourage their involvement in the project.

The fact that such information is being discussed in the community can be said to reflect the high level of interest among Pioneers regarding these issues.

[IMPORTANT] The Overall Flow and Current Status of the KYC Process – Why is ‘Waiting’ Time Necessary?

While the rumors about wallet activation are noteworthy, why is KYC (Know Your Customer) so important and time-consuming in the first place? Let’s reconfirm the background to understand the health of the network that Pi Network aims for.

The success of Pi Network depends on its ability to build a reliable network composed of real individuals, not bots or fake accounts. The KYC process is the foundation that supports this.

What is KYC (Know Your Customer) for? Eliminating Fraudulent Accounts and Building a Trustworthy Network

The main purposes of KYC are as follows:

  • Enforcement of the One Person, One Account Principle: Prevents one person from unfairly acquiring a large amount of Pi with multiple accounts.
  • Prevention of Fraudulent Activities: Reduces the risk of being used for illegal activities such as money laundering.
  • Regulatory Compliance: Complies with laws and regulations in various countries, enhancing the project’s sustainability.
  • Ensuring Trustworthiness: The trustworthiness of the entire ecosystem is enhanced by ensuring that all network participants are verified individuals.

To achieve these objectives, strict checks of submitted documents and, in some cases, additional verification are required, which inevitably takes time.

Understanding the Difference Between ‘Full KYC’ and ‘Tentative KYC’

While proceeding with the KYC process, you may encounter the status ‘Tentative KYC’. This is generally interpreted as indicating a state where some basic verification items have been met, but additional checks by the Core Team or, in some cases, the submission of additional information by the Pioneer themselves may be required regarding the consistency of name and documents, clarity of documents, and other factors. (For the official clear definition, please refer to information from the Core Team)

Full KYC is a state where all verifications are complete and preparation for Mainnet migration is ready. Those with Tentative KYC may need to submit additional information, etc., according to instructions from the Core Team (if any). Carefully check the KYC section and checklist within the app.

The Path to Mainnet Migration – Reasons Why It’s Not Simple

Even after KYC is approved, not all Pi is immediately transferred to the Mainnet wallet. Generally, you need to complete each step in the “Mainnet Checklist” within the Pi app. This includes items such as the following (content may change):

  1. Download the Pi Browser app
  2. Create a Pi wallet
  3. Confirm your Pi wallet address
  4. Commit to lockup settings
  5. Submit and pass KYC application (this is the focus of this article)
  6. Wait for KYC results
  7. Agree to migration
  8. Wait for migration to Mainnet

Each step has its own verification process, and it is important to understand that the process of accurately and securely migrating the balances of a large number of Pioneers is very complex and time-consuming.

Points to Note and Easily Misunderstood Points Regarding the Rumored New Feature

Expectations are high for the information being discussed in the community, but there are also points to note that should be correctly understood. Here, we will organize common misunderstandings and points to be aware of at this time.

It is important to have expectations, but at the same time, let’s not forget to maintain a calm perspective and verify official information.

Point to Note 1: Wallet Activation ≠ KYC Completion or Immediate Migration Completion

This is the most important point to note. Even if the “Mainnet Wallet Activation” feature being discussed in the community becomes available, it does not automatically mean the following:

  • The KYC process is not fully completed: Especially if the target is those with Tentative KYC or those in the process, you still need to aim for full approval.
  • Not all Pi balance will be immediately migrated to the Mainnet: It is highly likely that wallet activation and actual balance migration are separate steps. Migration depends on the progress of the checklist and the Core Team’s schedule.
  • Pi will not immediately become freely usable: What can be done with an activated wallet depends on future announcements from the Core Team and the development of the ecosystem.

Even if this feature appears, it is appropriate to view it merely as potentially advancing one step in the preparation phase for Mainnet participation.

Point to Note 2: What is “Banska”? – Absolutely Verify Official Information!

In one of the sources of information for this article (a YouTube video), there was mention of the possibility of activating the wallet through an app or feature called “Banska”. Some of you may have wondered, “What is that?”

However, as of May 2025, there is no confirmation that the name “Banska” is an official feature or recommended app of Pi Network. In Pi Network, using unofficial tools or apps can endanger account security and, in the worst case, may violate Pi Network policies leading to account suspension. Absolutely do not take information from sources other than official ones at face value.

If you see information about “Banska” or similar unverified tools, absolutely do not use them casually, ignore them, or be sure to verify yourself through official Pi Network announcements (in-app, official blog, official social media, etc.) whether such a feature is officially provided or recommended.

Point to Note 3: Completion of the KYC Process Remains Important

Even if early wallet activation becomes possible, completing the full KYC process in the end remains important to fully enjoy all the functions and benefits of the Pi Network ecosystem in the future.

Those who have not yet submitted their KYC application, or who need additional information, should continue to follow the instructions within the app to proceed with the process.

Summary: With Expectation and Calmness, Let’s Watch for Official Pi Network Information

The information about “Mainnet Wallet Activation” discussed in the community, which we have considered this time, regardless of its veracity, can be said to reflect the Pioneers’ expectations for the development of Pi Network. Especially for those waiting in the KYC process, it may be information that gives hope for participation in the ecosystem.

However, the most important thing is to not be swayed by information, calmly grasp the situation, and act steadily based on official announcements.

Future Action Plan: What Should You Do?

What we Pioneers can do is as follows:

  • Regularly check the “Mainnet Checklist” within the Pi app: Your status and the next action you should take may be displayed.
  • Carefully follow official announcements: Be sure not to miss announcements from reliable sources such as the Pi Network app home screen, official blog, and official social media.
  • If the KYC process is incomplete, proceed with the necessary steps: Check if KYC application is possible from the app and complete the required procedures.
  • Be cautious of unofficial information and rumors: Especially be wary of claims like “you can get Pi easily,” “you can cash out immediately,” or “you can gain an advantage with unverified tools,” and make it a habit to verify the truth of information with official sources.

The Importance of Discerning Accurate Information

Information surrounding Pi Network is a mix of valuable and worthless. In particular, there is a lot of unofficial information and speculation that stirs up expectations. Precisely because you believe in the long-term success of the project, always acting based on official primary information from the Core Team is the most important thing to protect your own account and assets.

While paying attention to community trends, always make final decisions based on official information, and continue to calmly and steadily watch the project’s progress.

We hope this article helps you organize information about Pi Network and understand the points to note.

Solving Pi Wallet Activation Issues: 9 Solutions & Causes for Pending KYC and Stuck Mainnet Migration (Step 9)

コメントを残す

Hello! In this article, we will explain in detail the various issues related to Pi Wallet activation that many Pi Network users are facing. Specifically, we will introduce the possible causes and concrete solutions, step by step, for problems such as the disappearance of the “KYC with Bankz” option, the display of 0.98 Pi after wallet activation, the “Unavailable” display in the activation section, and the inability to proceed with the most important Step 9 (Mainnet migration).

Major Issues Reported on Pi Network

Currently, the following issues are frequently reported in the Pi Network community:

  • The “KYC with Bankz” option has disappeared from the account.
  • The wallet has been activated, but 0.98 Pi is displayed. What does this mean?
  • The wallet activation section shows “Unavailable” and cannot be activated.
  • Step 9 (Migration to Mainnet) is not completing, and KYC remains “Pending”.

Many of you may be experiencing these issues. Let’s look at each problem in order.

Issue 1: Disappearance of the “KYC with Bankz” Option

Previously, the “KYC with Bankz” option was displayed on some accounts. This was a feature introduced as an alternative means to complete KYC via Bankz and continue Pi transactions in cases where there were issues with the standard Pi Network KYC process.

However, this option has now been removed from many users’ accounts. The Pi Network team has not announced an official update regarding this matter. We will inform you as soon as information becomes available, but currently, this option is unavailable.

Issue 2: Meaning of “0.98 Pi” Displayed After Wallet Activation

Some users’ accounts, after completing the wallet activation process, may have 0.98 Pi deposited. This was sent by the Pi Network team to test your wallet, confirm that it functions correctly, and complete the activation.

So, what are the purpose and benefits of having your wallet activated?

The main purpose of this activation is to enable you to actually receive, send, and store (hold) Pi Coin in your Pi Wallet. For example, if you believe the price of Pi will rise in the future, you can purchase Pi from other users or (in the future) exchanges, store it in your wallet, and sell it when the price increases.

Issue 3: Wallet Activation Shows “Unavailable”

In some cases, the wallet activation section under the Pi KYC item shows “Unavailable”, and the wallet cannot be activated.

The main reason for this display is that additional verification is required in your KYC process.

  • Request for additional information: Additional information regarding your identification document may be required.
  • Liveness Check: Biometric authentication (such as facial recognition) for identity verification may be required again. In some accounts, this check may be repeatedly requested if validators have difficulty verifying or in similar situations.
  • Incomplete Two-Factor Authentication (2FA): Your security setting, two-factor authentication, may not have been completed correctly.
  • Email address verification: Verification of your registered email address may not be complete, or re-verification may be required.

Once these additional verifications are completed, the activation option will be displayed, and you will be able to activate your wallet.

Possible Solutions:

While there is no guarantee of a definite solution, a method worth trying is to log out of the Pi Network app at least once a day, log back in, and then tap the mining button. At this time, notifications for pending Liveness Checks, 2FA, email verification, etc., may be displayed. However, this is merely a potential solution and is not guaranteed to resolve the issue. Please try it patiently. If it still doesn’t appear, you will need to wait for the system to process it.

Issue 4: Step 9 (Mainnet Migration) Not Completing / KYC Remains Pending

This is currently one of the particularly serious issues many users are facing. It is a situation where Step 9, which is the process of migrating the mined Pi to the Mainnet wallet, is not completing, or the KYC application remains “Pending” and does not proceed.

Previously, upon completion of KYC, migration to Mainnet (Step 9 completion) also occurred almost simultaneously, enabling sending and receiving of Pi. However, currently, the Pi team has changed the process to prioritize wallet “activation” first, and the processes for KYC completion and Mainnet migration (Step 9) are often proceeding on a separate track or are being held in a pending state.

Main Causes for Delay in Step 9 (Mainnet Migration)

The reasons why migration to Mainnet is stalled are mainly the following two:

  1. Issues with the KYC process itself:
    • Liveness Check issues: If there are deficiencies in the submitted photos or videos, or if the authentication system cannot recognize them properly.
    • Submitted document issues: If there are problems with the submitted documents, such as blurry identification document photos or inconsistent information.
    • Validator verification issues: If the volunteer validators who verify your KYC application are having difficulty confirming the documents or are in a situation where judgment is difficult.
    • Validator shortage: If the number of validators is insufficient relative to the number of KYC applicants, causing delays in the overall verification process.
  2. Intentional adjustments by the Pi Network team: It is also possible that the Pi Network team has intentionally temporarily paused the Mainnet migration for some users to ensure overall system stability and security, or to prioritize other development.

Solutions for Incomplete Step 9 / Pending KYC

Unfortunately, there is no immediate solution for this issue, but similar to Issue 3, trying the following method may help move things forward.

Try logging out of the Pi Network app at least once a day, logging back in, and then tapping the mining button. While this action is not guaranteed to improve the situation, it is an action worth trying.

This action may prompt the system to resume processes that were stalled, and actions such as the following may be encouraged:

  • An option to resubmit your KYC application may be displayed.
  • An additional Liveness Check may be required.
  • Notifications for email re-verification or 2FA setup may appear.

If these actions are requested, responding promptly may resolve the pending state and allow the Step 9 process to proceed. If there is still no progress, unfortunately, you will have to wait for the Pi Network team’s response or system updates.

Summary

In this article, we explained various issues related to Pi Wallet activation, KYC, and Mainnet migration, along with their possible causes and solutions. Many users are facing similar problems, and in most cases, it is necessary to understand that resolution takes time. While trying the suggested solutions, it is advisable to wait for official announcements.

It is important not to rush, to check the app regularly, and to reliably perform the requested actions.

We hope this article will be helpful to those who are experiencing issues with their Pi Wallet.

Are Over 93 Dapps Ready for Launch? And the Role of KYC Validators

コメントを残す

As the development of Pi Network progresses steadily, new important information has come to light. This article provides a detailed explanation of the over 93 Dapps (Decentralized Applications) that are expected to be released soon, and the role of KYC validators. We will also analyze the latest discussions regarding exchange listings and consider the future prospects of Pi Network.

Discussion Regarding Exchange Listing

The importance of exchange listing has been mentioned in official Pi Network announcements and community discussions. Improving liquidity and stabilizing the price are key themes.

Currently, Pi Network primarily circulates within the Pi Network ecosystem. Listing on major exchanges has the potential to significantly increase liquidity and make it a truly global trading asset. Higher liquidity is believed to mean a more stable price and reduce the possibility of price manipulation.

Currently, Pi coin is traded on some smaller exchanges, but price volatility is high and liquidity is limited. Listing on major exchanges is expected to attract more trading participants and contribute to price stabilization by increasing market depth.

Over 93 Dapps Ready for Release?

As a significant development towards expanding the Pi Network ecosystem, it is circulating on timelines that over 93 decentralized applications (Dapps) have completed preparation for release. These Dapps will operate on the Pi Network blockchain and provide various services to users.

According to sources, out of the initially planned 100 Dapps, over 93 Dapps have completed development at this point, and the rest are expected to be completed soon. The existence of these Dapps can be seen as evidence that Pi Network is attempting to build a practical ecosystem, not just a cryptocurrency.

Types and Uses of Dapps

The Dapps scheduled for release are expected to include the following categories:

  • Payment Services
  • Decentralized Finance (DeFi) Applications
  • Games and Entertainment
  • Social Media Platforms
  • Marketplaces
  • Education-related Services
  • Health and Medical Applications

When these Dapps actually start operating, practical transactions and activities within the Pi Network ecosystem are expected to become active, leading to the creation of real value for Pi coin.

Pi Network KYC Validators

New information has been revealed about KYC validators, who play a crucial role in supporting the Pi Network blockchain. KYC validators are responsible for verifying the KYC process for community members and contribute to maintaining network security.

KYC validators are responsible for core network functions such as transaction verification and blockchain security maintenance. While general Pi Network users are primarily involved in KYC (identity verification), KYC validators are thought to perform network verification tasks at a more advanced level.

Current Node Status

According to information from P Scan, the current status of the Pi Network is as follows:

  • Active Nodes: 64
  • Active Validators: 0 (Temporarily inactive)
  • Total Pi Nodes: 271
  • Disconnected Nodes: 207

These numbers indicate that the Pi Network’s blockchain infrastructure is being steadily built. In particular, the fact that 64 community nodes are already active is a significant step towards decentralization.

Smart Contracts and Ecosystem Launch

According to sources, the Pi Core Team is expected to release the “Protocol 21 Upgrade Guide” soon, which will include smart contract functionality. More importantly, the launch of the Pi Network ecosystem will begin once community nodes are fully activated.

The integration of smart contracts will significantly expand the capabilities of Pi Network, enabling the development of more complex applications and services. This will allow the aforementioned over 93 Dapps to actually start operating.

The Pi Core Team has also hinted at the possibility of an “explosive event” occurring when smart contracts are integrated. This is thought to mean a rapid expansion of the ecosystem and an increase in the utility and value of Pi coin.

Future Outlook for Pi Network

Synthesizing this latest information, it is clear that Pi Network is steadily progressing towards full operation. Points particularly worth noting are as follows:

  • Over 93 Dapps have completed preparation for release, ready to enhance the diversity and utility of the ecosystem.
  • Community node activation is progressing, and blockchain decentralization is advancing.
  • The introduction of smart contract functionality will enable the development of more advanced applications.
  • Listing on major exchanges is within sight, with expectations for improved liquidity and price stability.

With these elements in place, Pi Network is preparing to evolve from a “mining only” phase to a functional decentralized ecosystem.

Pi Network Launched Open Network on February 20, 2025

Pi Network launched its Open Network on February 20, 2025. OKX, Bitget, Bitrue, Gate.io, MEXC, etc., listed Pi, but KuCoin and Bybit did not. The CEO of Bybit called Pi Network a scam and explicitly stated they would not list it.

Bybit CEO Calls Pi Network a “Scam”, Followed by $146 Million Hack the Next Day

Exchange Listing Status

Exchange Listing Status Notes
OKX Listed Trading started 2025/2/20
Bitget Listed Same as above
Bitrue Listed Same as above
Gate.io Listed Launchpool provided from 2/16
MEXC Listed Confirmed
KuCoin Not Listed DEX purchase recommended
Bybit Not Listed CEO criticized as scam
BingX Unknown Listing status could not be confirmed
CoinTiger Unknown Listing status could not be confirmed
Hotbit Unknown Listing status could not be confirmed
LBank Unknown Listing status could not be confirmed
Pionex Unknown Listing status could not be confirmed

Summary

Pi Network’s development takes a unique approach compared to many cryptocurrency projects. The method of building the user base first (currently about 65 million people) and then developing the infrastructure and ecosystem differs from the typical cryptocurrency development pattern.

The information revealed this time—over 93 Dapps, KYC validators, community node activation, and the introduction of smart contracts—all indicate that Pi Network is steadily transitioning from a theoretical concept to a practical blockchain ecosystem.

Future developments, particularly the release of Dapps and the introduction of smart contracts, will be crucial milestones that significantly impact the utility and value of Pi Network. For the Pi Network community, these advancements may be evidence that the long waiting period is finally bearing fruit.