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Mainnet Pi Balance Check Relocated: The Mystery of the Color Change and Future Outlook Explained

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In March 2025, the Pi Network user community faced a surprising situation. A phenomenon occurred where the “Pink Pi” (transferable balance to the mainnet) owned by many users suddenly disappeared and then reappeared. This article explains in detail what happened, the meaning of Pi Network’s color-coding system, and future prospects.

What Happened on Pi Network?

On March 14, 2025 (Pi Day), many Pi Network users reported a phenomenon regarding the color change of Pi within their accounts. The tokens that had previously been displayed as “Pink Pi” suddenly changed to “Yellow Pi” (unverified balance) or completely disappeared. This sudden change caused confusion and concern within the community.

The administrator’s Pink Pi also moved to Yellow.

Since Pi Day, some users have reported that their “Pink Pi” has reappeared. Even more surprisingly, some users have reported that more Pink Pi was returned than before the disappearance.

“The recovery of Pi reported by many users has helped rebuild confidence in the project.”

Understanding the Pi Network Color-Coding System

It is reported that Pi Network distinguishes the state of tokens by color. This color coding is important for users to understand their asset status.

  • Purple Pi (Transferred to Mainnet): Pi earned by users through daily check-ins. These have completed KYC, met the mainnet requirements, and have been migrated to the wallet. They are in a tradable state.
  • Pink Pi (Transferable Balance to Mainnet): Pi from referral circles, which has completed KYC and is waiting to be migrated to the wallet.
  • Yellow Pi (Unverified Balance): Bonus Pi from members who used a referral code or from mining circles. Once all these members complete KYC, it will turn into Pink Pi and enter the waiting list for wallet migration.

Significance of March 14 (Pi Day)

March 14, 2025, was an important milestone for Pi Network. This day was notable for the following reasons:

  • Final deadline for the KYC (Know Your Customer) grace period
  • Start date of the commercial event called PiFest (March 14-21)
  • Transition period to a new development phase for Pi Network

According to the announcement by the Pi Core Team, the KYC grace period ended at 8 AM UTC on March 14, and users who had not completed KYC were at risk of losing a significant portion of their Pi. This deadline setting is believed to be related to the temporary disappearance of Pink Pi.

PiFest and Future Developments

PiFest, which started on March 14, is an event focused on the commercial utilization of Pi Network. This event continues until March 21 and aims to showcase practical applications of Pi around the world.

The Pi Core Team suggests that Pi Network, which has been building its infrastructure and ecosystem for approximately 6 years, is finally entering the practical phase. This means that Pi Network is evolving from a testing phase into a cryptocurrency with real value.

Uniqueness and Features of Pi Network

A characteristic of Pi Network is its efficient mining process using smartphones, unlike traditional cryptocurrencies. This platform features an efficient mining process utilizing smartphones.

Pi Network’s mining is said to have the following characteristics:

  • Achieves efficient mining while minimizing smartphone battery consumption
  • Adjusts mining efficiency based on user activity patterns
  • Optimizes rewards based on security circles and mining frequency

Transition to Open Mainnet

Pi Network officially launched its Open Mainnet on February 20, 2025, at 8 AM (UTC). Previously, Pi Network operated within a closed ecosystem, and users could not move Pi tokens to external wallets or exchanges. However, with the launch of the Open Mainnet, integration with the outside world and real-world usage became possible.

Furthermore, there was an announcement in January 2025 that the “Grace Period” was extended until February 28, but ultimately the deadline for KYC and mainnet migration was set for March 14.

Impact and Outlook for Pi Network

The reappearance of Pink Pi is a positive event that restores confidence in Pi Network’s transparency and stability. Many users are looking forward to future developments now that the Pi Core Team has resolved this issue.

Pi Network’s long-term goals include improving scalability, strengthening security, and expanding the ecosystem. These efforts will form the foundation for Pi Network to continue growing and support more users.

Summary

The disappearance and reappearance of Pink Pi on Pi Network are considered to have been temporary confusion during the project’s transition to the actual operational phase. This period, coinciding with the final KYC deadline and the start of a commercial event, became a significant turning point for Pi Network.

Currently, Pi Network continues to grow with an approach different from traditional cryptocurrencies, as a pioneer in mobile mining. Its high accessibility from smartphones and efficient mining process are Pi Network’s strengths.

Let’s continue to pay attention to the developments of Pi Network, especially the progress after the end of PiFest on March 21, price trends, and the announcement of new features and services.

Pi Network: Explaining How Unverified Users’ Coins Will Be Deleted After the Grace Period

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About the Pi Network Mainnet Phase

Pi Network is a mobile cryptocurrency project launched in 2019 by Stanford University graduates. Pi Network is currently progressing towards the mainnet phase, and reached an important deadline for KYC and mainnet migration on March 14, 2025 (Pi Day). The migration to the mainnet began in 2021 as the “Enclosed Mainnet” and is proceeding in stages.

In this phase, users (Pioneers) who have completed KYC (Know Your Customer) verification and migrated their coins to the mainnet can now conduct transactions and barters (exchanges) using their Pi coins. Pi Network adopts the Stellar Consensus Protocol (SCP) and features a low-energy consumption mining method on mobile devices.

Changes to Pi Balance Preview

Many Pioneers have noticed changes in their Pi wallet balance preview. It has been widely reported that balances previously displayed as coins eligible for mainnet migration have been moved to the “Unverified Balance”.

↑The administrator also experienced a similar phenomenon, but it returned to normal on the evening of the 15th.

This is part of the calculation process by the Pi Core Team, implemented to accurately determine which coins are eligible for mainnet migration. The Pi Core Team set the final deadline for KYC and mainnet migration as March 14, 2025, at 8:00 AM (UTC), and notified that coins would be deleted if this date was passed. As a result, now that the deadline has passed, the deletion of the relevant coins is being executed.

Official Explanation from the Pi Core Team

According to the official statement from the Pi Core Team, the changes in the displayed balance are related to the calculation of bonus rewards earned through the contributions of members in the referral team (referrer network) and security circle (security network).

“Final Notice: The grace period requires completing KYC and Mainnet migration by March 14, 2025, at 8:00 AM UTC, otherwise you will lose a significant portion of your Pi. You will lose all Pi mined except for the Pi mined in the last 6 months prior to your Pi being migrated.”

Important Point: If members of the referral team or security circle missed the grace period deadline, the mobile bonus balance associated with their contributions will also be lost. Currently, the Pi Core Team has completed the final calculation of coins migrated to the mainnet and coins deleted, in accordance with the deadline.

Patterns of Affected Accounts

Pattern 1: Pioneers with Incomplete KYC & Unmigrated to Mainnet

Coins of Pioneers who have not completed KYC verification and have not migrated to the mainnet have been deleted. This rule applies even if their upline (referrer) has completed KYC verification and migrated to the mainnet.

In many cases, examples of thousands of Pi coins being deleted have been reported. Such measures were taken to maintain the health of the Pi Network ecosystem.

Pattern 2: Pioneers with Completed KYC but Unmigrated to Mainnet

For Pioneers who completed KYC verification but have not yet migrated to the mainnet, only the mining amount from the last 6 months prior to mainnet migration was calculated. It is important to note that even with a long mining history, only the last 6 months were considered.

For example, even if mining continued for several years, only the amount mined in the 6 months prior to mainnet migration became valid, and the mining amount from before that was deleted. In actual cases, there are reports of 1,576 Pi being deleted, with only about 13.04 Pi remaining as unverified balance.

Pattern 3: Pioneers with Completed KYC & Migrated to Mainnet (Referrals with Incomplete KYC)

Even for Pioneers who completed KYC verification and migrated to the mainnet, if their referral members did not complete KYC verification, the bonus reward portion from those referrals was deleted.

As an example, even if one correctly completed KYC verification and migrated to the mainnet, if the referred members did not complete KYC verification, cases of as much as 9,683.4 Pi in bonuses being deleted have been reported.

Pattern 4: Pioneers Who Missed the Grace Period

For Pioneers who did not complete KYC verification and also missed the set grace period, the majority of their mined Pi coins have been deleted. In actual examples, even with a mining history of over 584 Pi, there are cases where only about 1.01 Pi remains as unverified balance.

Current Status and Impact of Pi Network

As of December 20, 2024, over 18 million users had completed the KYC process, and approximately 8 million users had migrated to the mainnet. While the latest data since then has not been released, the gap in the number of migrants was a challenge. After the deadline passed, concerns about the value of Pi spread in some communities, reportedly affecting market expectations. However, since Pi coin is not currently officially traded, price fluctuations remain unofficial speculation.

March 14 is Pi Day (a day named after π = 3.14) and holds special significance for Pi Network. Pi Network was launched on March 14, 2019. It is thought that setting the final deadline to coincide with this day also had symbolic meaning.

Pi Core Team’s Efforts and Their Significance

These changes indicate that the Pi Core Team is applying strict rules to maintain the health and reliability of the mainnet. By carefully calculating which coins can be migrated to the mainnet and which should be deleted, and processing them appropriately, they are trying to ensure the long-term success of the project.

This initiative not only has the negative aspect of simply deleting coins but also has the important purpose of protecting legitimate users and preserving the value of the Pi Network ecosystem.

Future Actions: What Pioneers Should Do

Pioneers with Incomplete KYC

Unfortunately, if you missed the KYC deadline of March 14, 2025, the majority of your mined coins have already been deleted. However, only the mining amount from the last 6 months will be retained. While keeping a close eye on the future developments of Pi Network, we recommend promptly undertaking KYC verification if another opportunity arises.

Pioneers with Completed KYC but Unmigrated to Mainnet

For those who completed KYC verification but did not migrate to the mainnet in time, only the mined coins from the last 6 months remain. It is important to complete the mainnet migration procedure as soon as possible.

Pioneers with a Referral Network

It has become clear that the status of referral and security circle members affects your bonus rewards. In the future, when introducing new members, it is important to explain the importance of KYC verification and mainnet migration and ask for their cooperation.

Summary: The Future and Outlook of Pi Network

With the opening of the mainnet, Pi Network has taken important measures to maintain the health of its ecosystem. KYC verification and migration to the mainnet are essential steps to preserve the value of Pi coins.

These measures to protect legitimate users and ensure the long-term success of the project enhance the credibility of Pi Network as a cryptocurrency project. By continuing to pay attention to the development of Pi Network and properly completing the necessary procedures, you will be able to continue participating as a member of this project.

  • Always check the latest official announcements
  • Actively exchange information with the community
  • Pay attention to future developments and updates
  • Participate in application development and usage within the Pi ecosystem

 

Pi Network 2025 Pi Day: External Connectivity and Merchant Features Launch

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Introduction

Pi Network made an important announcement on “Pi Day,” March 14, 2025. This article is based on information as of March 15. This date is named after the first three digits of the mathematical constant π (3.14) and is closely related to the Pi Network brand. The announcement revealed multiple new features, including the activation of external connectivity, the ability for KYC-verified users to change their account phone numbers, and the start of merchant registration and the Pi Shopping event.

What is Pi Network: Background and Development History

Pi Network is known as a cryptocurrency project that can be mined using smartphones. Unlike traditional cryptocurrencies, it does not require high-performance computers and employs an environmentally friendly consensus algorithm.

Until now, Pi Network has operated in a “closed mainnet” phase, where transactions were only possible within the ecosystem. This meant that Pi coins could not be exchanged for external currencies or other cryptocurrencies. However, this situation is about to change with the latest announcement.

Pi Day 2025: A Groundbreaking Event

PiFest, held from Pi Day on March 14, 2025, until March 21, will be a significant milestone for Pi Network. During this period, the “Open Network” feature will be launched, enabling Pi Network’s external connectivity for the first time.

The centerpiece of this event is “Pi Shopping,” which is similar to large sale events like Black Friday but is specifically focused on transactions using Pi coins. Merchants can already begin registering, and actual transactions are scheduled to start on Pi Day itself.

This initiative aims to increase adoption and utility by integrating Pi coins into daily transactions.

Details of New Features

Enabling External Connectivity

“External connectivity” means that Pi Network will be able to interoperate with other blockchains and payment systems. This will make it easier to convert between Pi coins and other cryptocurrencies or fiat currencies, and reduce risks for merchants.

The Open Network feature enables integration with centralized exchanges (CEXs) and on-ramp services that have completed KYB verification. This provides additional means to acquire Pi for use within the Pi ecosystem and strengthens collaboration with third-party services. However, transactions with third-party services or CEXs that have not undergone KYB verification should be avoided due to the risk of fraud and phishing.

This feature significantly expands the Pi Network ecosystem and provides users with more usage options.

Phone Number Change Feature for KYC-Verified Users

Pioneers (Pi Network users) who have completed KYC (Know Your Customer) verification will be able to change the phone number registered to their account. To use this feature, they must complete a “liveness verification test” for identity confirmation. This confirms that the person is the same individual who submitted and was approved for the KYC application.

KYC verification is a crucial element of Pi Network, ensuring that each real person has only one account. This prevents fraudulent activities and bot manipulation. The final deadline for KYC verification is 8:00 AM UTC on March 14, 2025. Users who have not yet completed verification may not be able to participate in future events or the migration to the mainnet.

Merchant Registration Process

Businesses that wish to accept Pi coins can register as merchants through the Map of Pi. The registration steps are as follows:

  • Access mapofpi.pinet.com from the Pi Browser
  • Tap the “+ Sell” button on the bottom left of the screen
  • Enter the required information (name, type, details, address, store image, etc.) in the “Seller Registration” section
  • Select “Inactive Seller” or “Test Seller” depending on the sales status
  • Save all information

After registration, you can print and display your Pi wallet QR code for Pi payments at your store.

KYB Requirements

In addition to KYC verification for users, Pi Network has also introduced KYB (Know Your Business) verification for businesses. Businesses wishing to participate in mainnet blockchain activities or provide infrastructure (on/off-ramps, exchanges, bridges, Web3 wallet solutions, etc.) must complete KYB verification. Only businesses that have completed KYB verification can create individual non-custodial mainnet Pi wallets and conduct transactions within the Pi ecosystem. A list of KYB-verified businesses can be found on the official website.

Strategic Importance

This announcement is a significant step in Pi Network’s long-term strategy. By enabling external connectivity, Pi coin will break away from its closed ecosystem and be integrated into the broader cryptocurrency ecosystem.

This is expected to increase the liquidity and utility of Pi coin and contribute to value stabilization. Furthermore, increased use in daily transactions will make cryptocurrency more accessible to the general public.

Improved interoperability has the potential to expand Pi Network’s user base and promote overall ecosystem growth.

Benefits for Each Stakeholder

Benefits for Merchants

By accepting Pi coins as a merchant, businesses can access a new customer base. Consumers interested in cryptocurrency tend to actively use stores and services where Pi coins can be used.

Furthermore, the transparency and security of transactions provided by blockchain technology are also advantages for merchants. Transaction fees may also be lower compared to traditional payment systems.

Benefits for Users

Pi Network users will be able to use the Pi coins they have mined in more places. This increases not only their value as a digital asset but also their value as a practical currency.

External connectivity also makes it easier to exchange Pi coins with other cryptocurrencies or fiat currencies, improving asset management flexibility.

Benefits for the Entire Ecosystem

For the Pi Network ecosystem as a whole, an expansion of the user base and an increase in transaction volume are expected. This will improve the network’s stability and security, and enhance long-term growth and sustainability.

Furthermore, an increase in real-world commercial use cases may deepen recognition and understanding from regulatory authorities.

How to Participate

How to Register as a Merchant

Businesses wishing to accept Pi coins can begin merchant registration through the Map of Pi registration process mentioned earlier. After submitting the required documents and information and passing the review, the Pi coin payment system will be set up.

Detailed registration procedures are published on Pi Network’s official channels.

How Users Can Prepare

Pi Network users are recommended to prepare for PiFest by doing the following:

  • Complete KYC verification (if not already done)
  • Check your Pi wallet settings
  • Check information about participating merchants in Pi Shopping
  • Make a plan for using your Pi coins

KYC Verification Steps

To complete KYC verification, you need to follow these steps:

  • Install the necessary apps (Pi Network app, Pi Browser app)
  • Open Pi Browser, select “Create a new wallet” and set up your Pi wallet
  • Store your passphrase securely
  • Open Pi Browser and tap the kyc.pi icon
  • Select your country and ID type (Passport or National ID)
  • Upload a clear photo of your ID
  • Follow the instructions to complete facial recognition
  • Tap “Submit and Pay” to pay the 1 Pi fee

The review process may take from a few minutes to several months. You can check your verification status in the Pi Network app or Pi Browser app.

The Reality of User Numbers

Pi Network claims a user base of approximately 60 million, but according to actual blockchain data, the number of mainnet wallets is around 9.11 million (as of January 2025), which accounts for only about 15% of the total users. There are also reports that only about 51% of KYC-verified users have migrated to the mainnet. This gap is an important indicator for understanding Pi Network’s actual adoption rate.

Future Outlook

This announcement is a significant step in the evolution of Pi Network. With the realization of external connectivity, Pi Network has the potential to stand alongside traditional cryptocurrency projects.

In the long term, there is also the possibility that Pi coin will be widely adopted as a means of daily payment. In particular, the unique approach of mining through smartphones lowers the barrier to entry into cryptocurrency and provides an opportunity for more people to participate in the digital economy.

Pi Network has the potential to contribute to the mass adoption of cryptocurrency through its user-friendly interface and environmentally conscious mining process.

Conclusion

PiFest, which runs from March 14 to 21, 2025, marks a significant turning point for Pi Network. Various new developments are underway, including the realization of external connectivity, the start of merchant registration, and new features for KYC-verified users.

These initiatives are expected to increase the utility and value of Pi coin and strengthen its position within the cryptocurrency ecosystem. For Pi Network users and those interested in cryptocurrency, the future developments are worth paying attention to.

Check the latest information on Pi Network’s official channels and start preparing to participate in this exciting event towards PiFest 2025.

Pi Network’s Open Network Launch: Unconventional Approach and Future Possibilities

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On February 20, 2025, at 8:00 AM (UTC), the Pi Network officially commenced its long-awaited transition to the Open Network. This transition marks a new era, enabling the Pi Network to connect with external blockchains and real-world applications.

What is the Pi Network?

The Pi Network is known as a platform that allows users to easily mine cryptocurrency on their smartphones. Its key characteristic is the adoption of environmentally friendly mobile mining, unlike traditional high-energy consumption mining.

An Unconventional Approach

The Pi Network employs a mechanism where 65% of tokens are distributed to the community as mining rewards. This approach ensures that the project’s profits are returned to the entire user base, rather than a small number of investors.

Ensuring Trustworthiness through KYC and KYB

KYC (Know Your Customer) and KYB (Know Your Business) ensure transparency between users and businesses, significantly reducing the risk of fraud and scams. This process plays a crucial role in enhancing trustworthiness throughout the ecosystem.

Transition to Open Network and Its Impact

With the transition to the Open Network, Pi tokens have become available on other blockchains and some exchanges. However, they have not yet been listed on major exchanges. This new phase is also expected to foster the development of decentralized applications (dApps) and expand real-world use cases.

Criticism and Response

Some have pointed out a lack of transparency and excessive app permission requests. However, the diverse user base is precisely the strength of the Pi Network. This enables large-scale adoption and accessibility.

Vision for the Future

The Pi Network holds a vision of paving the way for an “inclusive, sustainable, and utility-focused” future. It aims to succeed as a community-driven, transparent, and genuinely useful cryptocurrency.

Next Steps

  • Promoting dApp development
  • Addressing users who have not completed KYC
  • Improving utility across the entire ecosystem

In this way, the Pi Network is forging a new era with an approach that sets it apart from traditional cryptocurrencies.

“Pi will always be different. That is our strength.” — Chengdiao Fan (Founder)

Let’s continue to watch how the Pi Network evolves in the future.

(Reminder) PiNetwork: Complete Guide to the Final Extension of the KYC/Mainnet Migration Deadline Until March 14, 2025

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To all Pi Network users, we bring you important update information. The Pi Network team recently announced the extension of the deadline for KYC (Know Your Customer) and Mainnet migration until March 14, 2025, 8:00 AM (UTC). It is important for users who have not yet completed KYC or migrated to the Mainnet to make the most of this ‘final grace period’.

Latest Status of Pi Network and Deadline Extension

Pi Network officially launched its Open Network on February 20, 2025, after nearly 6 years since its establishment. This made PI tokens publicly available and eligible for listing on cryptocurrency exchanges. However, many users have not yet completed their KYC verification and migration to the Mainnet.

Initially, the deadline to complete these processes was February 28, but as the Pi Network team has done in the past, they have decided to extend the deadline again, this time until March 14, 2025. This date marks the 6th anniversary of Pi Network.

Reasons for and Importance of the Deadline Extension

According to the Pi Network team, this extension is being made for the following purposes:

  • To provide sufficient time for actual Pioneers (Pi Network users) to verify their balance and migrate to the Mainnet
  • To give users who returned after the Open Network launch an opportunity to rejoin the network
  • To maintain Pi Network’s core goals of inclusivity and fairness

This extension was made in response to feedback from the community. Many users expressed concerns about previous delays and felt that a fair migration time was needed before the Open Network launch.

Current Progress of KYC and Mainnet Migration

Currently, over 18 million users have completed the KYC process, but only approximately 8 million users have migrated to the Mainnet. This significant gap is one of the main reasons the Pi Network team extended the deadline.

The Pi Network core team aims to improve the KYC process and Mainnet migration capabilities to enable faster processing and reduce the gap between KYC-completed users and Mainnet-migrated users.

Risks of Missing the Deadline

Warning: If you do not complete KYC and Mainnet migration by March 14, 2025, you risk losing your mobile balance. However, Pi coins mined in the last 6 months before migration are stated to be an exception.

The Pi Network team emphasizes this ‘final grace period,’ suggesting that this is likely the last extension. Therefore, users who have not yet completed the necessary procedures are strongly encouraged to act immediately.

How to Resolve KYC and Name Mismatch Issues

Many users face issues with being rejected during the KYC process due to name mismatches. Here are the steps to resolve this issue:

  1. If your KYC is marked as ‘tentative’ or ‘pending,’ look for the option to resubmit your KYC application in the app
  2. When resubmitting, ensure that all information provided is accurate
  3. Double-check that your full name and contact number match your official ID document

If there is a name mismatch, it may be possible to resolve the issue through the appeal process. However, if you appeal and are rejected, you may face restrictions.

How to Update Your Mobile Number

Pi Network recently introduced a feature that allows users to update their mobile number. This is a particularly important update for users who registered more than 6 years ago. You can update your phone number by following these steps:

  1. Go to the profile section
  2. Click the ‘Change’ option next to your phone number
  3. Select your country code and enter your new phone number
  4. Click ‘Confirm Change’
  5. Complete the ‘Liveness Check’ – this is a process that verifies your identity using the front camera

The Future of Pi Network and Price Trends

Pi Network is scheduled to fully launch its Open Network in the first quarter of 2025. This decision follows the significant milestone of over 18 million users completing the KYC process and over 8 million migrating to the Mainnet.

Regarding the current price situation of Pi Coin, recent reports indicate that it has experienced a 45% drop in 4 days and is currently trading at approximately $1.80. This follows a decline in the broader cryptocurrency market.

Furthermore, speculation regarding the listing of Pi Coin on Binance is also increasing, with some information suggesting that 86% of investors expect Pi Coin to debut in the near future.

Community Reaction

The reaction of the Pi Network community to this deadline extension is varied:

  • Positive Views: Some users have expressed gratitude for the increased time to complete the necessary processes
  • Skeptical Views: On the other hand, some users question the repeated delays and extensions and criticize the project’s legitimacy

However, whether optimistic or skeptical, one thing is clear: if you want to own Pi tokens, you must complete the KYC process and migration by March 14, 2025.

Summary and Next Steps

The journey of Pi Network, from its ambitious goals to controversial delays, has certainly not been boring. Whether you have been a long-time Pioneer or recently returned, this extension is an opportunity to secure your place in the Pi ecosystem.

If you have not yet taken action, please follow these steps:

  • Submit KYC verification: Ensure all details provided are accurate to avoid rejection
  • Complete the Mainnet checklist: Follow the instructions provided by Pi Network to migrate your tokens
  • Verify personal information: Double-check that your full name and contact number match your official ID document

Finally, as dates and deadlines may change, it is always recommended to check for official information from Pi Network.

Act now to avoid missing this important deadline!

Pi Network’s Future: Pioneers, Developers, and Businesses Creating a New Economy

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As the cryptocurrency market evolves daily, Pi Network has taken a new step. This update highlights the three main roles: Pioneers, Developers, and Businesses, showing how each can contribute to the growth of the Pi ecosystem. This article will delve into the details and significance of this update.

Pioneers, Developers, Businesses: The Three Pillars

Pi Network is building its ecosystem around the following three types of participants:

  • Pioneers: Users who primarily continue mining activities. They are crucial to supporting the foundation of the Pi Network.
  • Developers: Technicians who build applications and utilities on the Pi blockchain.
  • Businesses: Companies that utilize the Pi blockchain for transactions and service provision.

These three groups cooperate to form a sustainable decentralized community.

Continued Mining and Its Importance

In many cryptocurrency projects, mining ends after the network launch. However, Pi Network is different. This policy maintains an environment where new users can easily join the network, promoting decentralization and improved security.

KYC and Security Measures: Efforts to Enhance Reliability

The KYC (Know Your Customer) process is essential to prevent fraudulent and deceptive activities. For example, a re-application option is provided to resolve issues caused by discrepancies between account names and identity verification information. This mechanism enables the creation of a safe and reliable ecosystem.

Open Network Launch and Its Impact

On February 20, 2025, Pi Network finally transitioned to the Open Network phase. The following changes are expected as a result of this transition:

  • Expansion of utility through connection with external blockchains
  • Improved reliability through KYC/KYB verified users and businesses
  • Increased market liquidity through collaboration with major exchanges

A special list is also provided for KYB-verified businesses, ensuring a safe and transparent trading environment.

Summary: The Path to the Future

This update is a significant step for Pi Network to grow as a sustainable decentralized economic zone. With the three pillars of Pioneers, Developers, and Businesses at the core, diverse participants are cooperating to form a new digital economic model.

Pi Network KYC Deadline Extension: New Information and Points to Note

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Pi Network has reportedly released new information regarding the grace period for KYC (Know Your Customer) and Mainnet migration. Initially, February 28, 2025, was set as the final deadline, but it has been extended to March 14, 2025. You can confirm the extension by checking the app screen.

Background on the KYC Deadline Extension

Pi Network emphasizes the KYC process to build a secure and bot-free ecosystem. Given the situation where many users have not completed the procedure, some voices have called for an extension of the grace period. This is expected to provide more users with the opportunity to complete their Mainnet migration.

Why the KYC Process is Important

The KYC process is important for the following reasons:

  • Improved Security: By allowing only verified users to migrate to Mainnet, the network is protected from fraudulent accounts and bots.
  • Full Participation in the Ecosystem: If KYC is not completed, you cannot use Pi tokens for in-app payments or transactions.
  • Earning Rewards: You may earn additional rewards if members of your referral team or security circle complete KYC.

Risks of Not Completing KYC

If you do not complete the KYC process within the grace period, you face the following risks:

  • Balances other than Pi mined within the last 6 months may be lost.
  • You may not be able to migrate to Mainnet and will not be able to use your tokens on the network.

How to Complete the KYC Process

To complete the KYC and Mainnet migration process, follow these steps:

  1. Open the Pi app and tap “Mainnet Checklist”.
  2. Fill in the required information on the KYC application form and upload necessary documents (such as identification).
  3. After submitting the application, wait for the review results. If the review passes, you will be able to migrate to Mainnet.

About the Importance of Completing KYC and Mainnet Migration

Relationship with Open Mainnet Launch

The Open Mainnet launch was initially scheduled for February 20, 2025. It is recommended that as many users as possible complete KYC and Mainnet migration during this grace period.

Summary and Next Steps

The KYC process and Mainnet migration are essential for full participation in the Pi Network ecosystem and token usage. Be sure to complete the process by the currently reported new deadline of March 14, 2025, to protect your valuable Pi balance. However, it is also important to continue checking for official announcements regarding this information.

Open the Pi app now and check your “Mainnet Checklist”!

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

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A crucial KYC (Know Your Customer) deadline for Pi Network users is approaching today, February 28th at 9 AM. After this deadline, users who have not completed KYC may lose a portion of the Pi coins they have mined, unless they utilize the grace period for Mainnet migration. This article provides a detailed explanation of the latest developments in the Pi Network, the possibility of listing on Binance, price predictions, and its future.

KYC Deadline and Its Importance

The Pi Network KYC deadline is February 28, 2025. This process is essential for ensuring the network’s reliability, eliminating fraudulent and duplicate accounts, and ensuring that only genuine users hold Pi coins. Completing KYC allows full use and transfer of Pi coins on the Mainnet.

How to Complete the KYC Process:

  • Install the Pi app or Pi Browser and start the KYC application from the ‘Mainnet Checklist’ within the app.
  • Fill in the required information using a government-issued ID.
  • Complete face verification (liveness check) and submit the application.

Binance Listing and Market Impact

The potential listing of Pi coin on major cryptocurrency exchanges like Binance is a hot topic. In a community poll on Binance as of February 27th, approximately 85% supported the listing, attracting significant market attention to this expectation. If this move materializes, it could be a significant turning point for the entire community. A listing on Binance could significantly enhance the liquidity and market value of Pi coin.

Expected Impacts of Listing

  • Increased Liquidity: More investors will have access.
  • Price Volatility: While a price surge due to increased demand is expected immediately after listing, subsequent adjustments are also possible.
  • Improved Credibility: Meeting Binance standards will increase investor trust.

Impacts of Binance Listing

Binance is one of the world’s largest cryptocurrency exchanges, with a user base exceeding tens of millions. If Pi coin is listed, the following impacts are possible:

  • Short-term Price Increase: Based on past examples, a price increase due to increased demand is expected immediately after listing, but the specific value depends on market conditions.
  • Medium to Long-term Stability: Price stability requires sustained demand driven by partnerships with companies and expansion of practical use cases.

Mainnet Launch and Future Outlook

The Mainnet officially launched on February 20, 2025, moving the Pi Network into a new phase. This allows for transfers to external wallets and trading on exchanges, and expansion of the ecosystem is anticipated.

Key Points to Watch:

  • KYC Completion Rate: The entire ecosystem is strengthened as more users complete the KYC process.
  • Partnerships: Expansion of adoption through partnerships with new exchanges and companies.
  • Community Activity: An active community is key to project success.

Risks and Challenges

On the other hand, Pi Network also faces the following risks:

  • Selling Pressure from Early Miners: It is believed that early miners hold a large number of tokens, and there is a risk of price decline due to mass selling after listing.
  • Regulatory Risks: There is a possibility of facing criticism in some regions (e.g., China) and legal issues such as securities regulations.

Conclusion

With the KYC deadline and the possibility of a Binance listing, 2025 is a crucial year for the Pi Network. These developments will contribute to the increase in Pi coin’s value and the expansion of the ecosystem. This innovative project remains one to watch.

The KYC deadline is fast approaching. If you haven’t completed the process yet, act now!

Pi Network: Will it Replicate Bitcoin’s Success or End in Failure? 2025 Full Analysis

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On February 20, 2025, the Pi Network officially launched its long-awaited open mainnet after six years. This milestone made it possible to transfer Pi coins to external wallets and made listings on major exchanges and the deployment of decentralized applications (DApps) a reality. Boasting over 60 million users (Pioneers), this project is expected to have the potential to replicate historical successes like Bitcoin. However, numerous challenges have emerged, such as a sharp price drop immediately after launch, KYC issues, and criticisms of centralization, leading to increased skepticism. This article will analyze the technical characteristics, market reaction, price trends, and long-term outlook of the Pi Network in detail, exploring its future potential from multiple angles. Will it be the second coming of Bitcoin, or will it end in failure? We will provide a thorough explanation from the latest perspective in 2025.

What is Pi Network? Project Origins and Vision

Pi Network is a cryptocurrency project launched in 2019 by Dr. Nicolas Kokkalis and others from Stanford University. Unlike Proof-of-Work (PoW) like Bitcoin and Ethereum, it adopts the energy-efficient Stellar Consensus Protocol (SCP), enabling easy mining on smartphones. Its goal is to “make cryptocurrency accessible to everyone and build a global digital economy.” As of February 2025, it has gained over 60M+ users and its followers on X exceed 3.7 million, growing to a scale surpassing Ethereum. The launch of the open mainnet is a crucial step in realizing this vision.

Significance of the Open Mainnet: What Has Changed?

The open mainnet signifies Pi Network’s transition from a closed ecosystem to an open and interoperable blockchain. In the previous “Enclosed Mainnet” (launched in December 2021), transactions were limited internally, but with the launch of the open mainnet on February 20, 2025, at 8:00 UTC, the following transformations have been realized.

  • External Connectivity: Pioneers can now move Pi coins to external wallets. For example, transfers to MetaMask and Trust Wallet are now allowed.
  • Exchange Listings: OKX and Bitget started trading the Pi/USDT pair on February 20. With rumors of a Binance listing, liquidity has dramatically improved.
  • DApp Deployment: Decentralized application development is accelerating, with marketplaces and games utilizing Pi scheduled to appear one after another.
  • Node Opening: Anyone can now operate a node, marking the first step towards true decentralization.

Impact: This has evolved Pi from just a “free mining app” into a practical cryptocurrency. Adoption in e-commerce and P2P payments is anticipated.

Price Trends and Market Reaction: The Sharp Drop Immediately After Launch and Its Background

Immediately after the open mainnet launch, the Pi coin price showed dramatic fluctuations. While it plummeted from $2 at launch to $0.76 in just a few days, the 24-hour trading volume exceeded $100 million (as of February 22). This movement reflects the market sentiment where expectations and anxieties are intertwined.

Factors Behind the Price Drop: Three Core Reasons

  • KYC Issues: While 19 million people have completed KYC verification, there are many unverified users, and Pioneers who failed to migrate their mining rewards increased selling pressure.
  • Centralization Criticism: Nodes are managed by the Pi Core Team, raising questions about the stated principle of being “decentralized.” Bybit CEO Ben Zhou publicly expressed “fraud concerns” and refused to list it.
  • Scandals and Trustworthiness: Past IOU trading scams and repeated Mainnet delays have become a trauma, making some investors skeptical. On X, there were also voices saying “shorts will be squeezed.”

Market Reaction: Both Positive and Negative Extremes

  • Positive: Initial demand was strong, such as a 70% surge immediately after the OKX listing ($50→$90) before settling at $80. The community’s enthusiasm served as support.
  • Negative: Increased volatility after the sharp drop led speculators to engage in short-term trading, giving an impression of lacking stability.

Data Perspective: According to CoinGecko’s assumption, the circulating supply is 550 million coins (unlocked portion) against a total supply of 100 billion coins. The current market cap is about $500 million, but the dilution risk upon full circulation is a concern.

Is the $10 Target Price Realistic? Possibilities and Obstacles

Some members of the Pi community dream of reaching “$10” and are engaging in heated discussions on social media. We will examine the basis and realism of this goal.

Factors for Rise: The Path to $10

  • Large User Base: 60M+ Pioneers are an asset unmatched by other cryptocurrencies. If practicality is proven, demand will surge.
  • Expanded Exchange Listings: If Binance or Coinbase list it, liquidity and credibility will improve, bringing $10+ within sight.
  • Token Burn Strategy: Burn (destroy) unverified Pi to reduce supply. If the supply-demand balance improves, it will boost the price increase.
  • E-commerce Adoption: If achievements at PiFest and rumors of partnership with Amazon materialize, real demand will push up the price.

Obstacles: The $10 Wall

  • Supply Glut Risk: If the total supply of 100 billion coins fully circulates, a market cap of $100 billion (at $10) would be required. This is unrealistic compared to the current total crypto market cap of $3.3T.
  • Competition: Alternatives like Solana and Polygon, which are fast and low-cost, exist, potentially diluting Pi’s uniqueness.
  • Regulatory Pressure: Mobile mining and KYC are subject to scrutiny by authorities. Risk of stricter regulations in the US and China.

Prediction: Reaching $10 in the short term (within 2025) is difficult, but the $2-$5 range is realistic. In the long term, exceeding $10 is not a dream depending on adoption, but overcoming challenges is a prerequisite.

Long-Term Outlook: Second Coming of Bitcoin or a Failed Project?

While Pi Network aims for historical success like Bitcoin, the possibility of it ending in failure is also pointed out. We will analyze both scenarios.

Success Scenario: Replicating Bitcoin

  • Accessibility: Mobile mining accelerates adoption in emerging countries. Support is expanding in India, Vietnam, and South Korea.
  • Ecosystem Growth: Success of DApps and marketplaces makes Pi a “daily currency.” Goal of 100 apps by the end of 2025.
  • Community Strength: The unity of 60M users is reminiscent of Bitcoin’s early grassroots movement.

Failure Scenario: An Anticlimactic End

  • Loss of Trust: Users leave due to centralized operation and lack of transparency. X posts also mention “low selling pressure but concern about being forgotten.”
  • Lack of Practicality: If DApps are disappointing, it will end up as a speculative asset and its value will approach zero.
  • Defeat in Competition: Buried among major cryptocurrencies, it will only survive in a niche market.

Moderate Scenario: Even if explosive success like Bitcoin is difficult, there is a possibility of establishing a position as a mid-tier cryptocurrency (e.g., similar to XRP or ADA).

Future Challenges: The Path to Success

For Pi Network to succeed, it must overcome the following challenges.

  • Improvement of KYC Process: Urgent need for relief measures and acceleration for unverified users. Increase verification rate to alleviate selling pressure.
  • Transition to Decentralized Management: Open node operation to the community to dispel centralization criticism.
  • Regulatory Compliance and Trust Improvement: Ensure legal transparency and gain the trust of governments and investors.
  • Proof of Practicality: Establish concrete use cases in e-commerce and payments early on.

Suggestion: The Pi Core Team should enhance transparency through roadmap publication and AMA (Ask Me Anything).

Investment Scenarios: Price Predictions for 2025-2030

Based on market data and expert opinions, we present price scenarios for Pi coin. These are merely predictions and depend on various factors.

2025

  • Optimistic: $5-$10 (with expanded exchange listings and accelerated adoption)
  • Realistic: $1-$3 (after stabilization and volatility convergence)
  • Pessimistic: Below $0.20 (due to loss of trust and selling rush)

2030

  • Optimistic: $50-$100 (establishing status as a global currency)
  • Realistic: $10-$20 (settling as a mid-tier cryptocurrency)
  • Pessimistic: Below $1 (due to project stagnation)

Note: Compared to Bitcoin’s $96K (as of February 2025), Pi has significant growth potential, but the risks are proportional.

Conclusion: Predicting the Future of Pi Network

Pi Network has taken a significant step with the launch of its open mainnet. Its 60 million strong community and unique mobile mining approach provide a foundation worthy of dreaming of success like Bitcoin. However, if it fails to overcome hurdles such as KYC issues, centralization criticism, and proving practicality, the path to failure becomes visible. 2025 will be a crucial year, testing its transparency and execution capabilities. How do you see the future of Pi? Share your thoughts in the comments!

*This article is based on information as of February 23, 2025. Cryptocurrency investments involve volatility risks, so please make decisions at your own discretion.