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Complete Guide to Pi Network’s Second Migration: Wallet Verification, KYC, and Secure Email

# Complete Guide to Pi Network’s Second Migration: Wallet Verification, KYC, and Secure Email

Pi Network has garnered global attention as a groundbreaking project enabling anyone to easily mine cryptocurrency on their smartphones. Its ecosystem is steadily evolving, reaching the crucial ‘migration’ stage where users transfer their earned Pi coins to their wallets.

You’re at the forefront of Pi Network’s evolution. Are you ready to safely guide your Pi coins to the next stage?

This article provides a comprehensive guide to the essential steps required by the latest Pi Network app update, particularly adding a secure email, completing the KYC ‘liveness test,’ and the wallet verification process. Understanding and correctly executing these steps will secure your Pi coins and build a strong foundation for participating in the future of the Pi ecosystem.

## Understanding Pi Network’s Second Migration

This section explains the concept of ‘migration’ in Pi Network and why the ‘second migration’ is currently a hot topic.

The Pi Network project has evolved through several phases. Currently, it’s in the ‘Enclosed Mainnet’ phase, focusing on verifying Pi coin utility and building the ecosystem. Pi coins are not yet listed on external exchanges but are starting to be used within the Pi app and Pi-based DApps (decentralized applications).

The ‘second migration’ refers to the process of transferring mined Pi coins from your mining balance in the Pi app to your personal mainnet wallet (Pi Wallet). This is a crucial step, transforming Pi coins from mere numbers into digital assets under your control. This migration is expected to unlock more opportunities to utilize Pi coins within the Pi ecosystem.

Wallet migration is also preparation for Pi Network’s ultimate goal: an ‘Open Mainnet,’ where Pi coins can be freely traded and used in a wider range of applications.

## Essential Steps for Securing Your Pi Coins and Migrating Your Wallet

This section details the specific actions required by the latest Pi Network app update and the steps to safely migrate your Pi coins to your wallet. Follow the in-app instructions and complete the following steps:

**Step 1: Add Your Secure Email**

You may see an ‘Add your secure email’ prompt on your Pi Network app dashboard. This is crucial for enhancing the security of your Pi account and wallet and ensuring future Pi coin migration.

* **Purpose:** Email verification enhances account security, improves account recovery, and increases the accuracy of identity verification. This is your first step in protecting your digital assets.
* **Action:** Clicking this prompt usually requires you to enter and verify your email address. Follow the instructions, enter your secure email address, and complete the verification process.

**Step 2: Complete the KYC ‘Liveness Test’**

Pi Network uses KYC (Know Your Customer) processes, including the ‘liveness test,’ to verify human users and prevent bots and fraudulent accounts.

* **Liveness Test:** This biometric test uses AI to verify you’re a real person via your camera. Record a short video following specific instructions (e.g., moving your face, blinking) to prevent fraud.
* **Importance:** Essential for maintaining the fairness and integrity of Pi Network, enhancing community trust, and building a more valuable ecosystem. Complete this test promptly if you haven’t already.

**Step 3: Verify Your Pi Wallet and Enable 2FA**

The Pi Network mainnet checklist includes ‘Pi Wallet Verification.’ You need to prove your Pi wallet is correctly set up and accessible.

* **Importance:** This establishes your Pi coin receiving location and ownership.
* **Two-Factor Authentication (2FA):** Adds an extra layer of security using a second verification method (email, etc.) in addition to your password, preventing unauthorized access.
* **Action:** Click ‘Start’ or a similar button to begin the wallet verification process. You’ll likely be prompted to enter your passphrase in the next step.

**Step 4: Manually Unlock Your Wallet with Your Passphrase**

You may be asked to manually unlock your wallet using your passphrase as part of the wallet verification process.

* **Passphrase Role and Importance:** Your Pi wallet passphrase is equivalent to a private key in other crypto wallets. It’s your sole access method and proves ownership of your Pi coins. Keep it secure and never share it.
* **Manual Unlock Meaning:** Manually unlocking with your passphrase shows the system you have full access to your Pi wallet and confirms your mainnet balance will be transferred there.
* **Action:** Accurately enter your Pi wallet passphrase and click ‘Confirm’.

**Step 5: Final Confirmation: Click the Email Verification Link**

After passphrase verification, a final confirmation link will be sent to your registered email address.

* **Email Confirmation:** A message like ‘Email confirmation sent’ will appear, and a confirmation email will be sent. Find the email from Pi Network in your inbox.
* **Final Meaning:** Clicking the link (like ‘Verify your migration wallet’) approves the wallet migration process and verifies that the associated email address is secure. You’ll see a ‘Secure email add successfully’ message upon completion.

Completing these steps doesn’t automatically migrate your Pi coins. However, it signifies the crucial preparation for safely and securely migrating them to your wallet within the Pi Network ecosystem.

## Why Are These Steps Important? The Future of the Pi Ecosystem and Security

These steps aren’t mere formalities. They’re vital for realizing Pi Network’s decentralized ecosystem and ensuring user asset security.

### Multi-Layered Security for Protecting User Pi Assets

Wallet verification, email authentication, and 2FA are multi-layered security measures protecting your Pi coins from unauthorized access and fraud. Pi Network implements these strict procedures to create a secure environment for managing digital assets.

### Contributing to Pi Network’s Fairness and a Healthy Ecosystem

KYC and liveness tests prevent fraudulent mining from bot and duplicate accounts, ensuring Pi Network is genuinely fair and human-centric. This enhances community trust and strengthens the foundation for long-term Pi coin value.

## Impact of Completing the Second Migration

These preparations allow users to manage Pi coins securely, utilize them in future DApps, and participate in the broader use enabled by the Open Mainnet transition. This process is a significant step towards Pi Network’s vision of a decentralized economy.

Pi Network strives for ease of use and fairness so everyone can benefit from crypto assets. Security and reliability are paramount.

## Conclusion: Building a Decentralized Future with Pi Network

The latest Pi Network app updates, including wallet verification, KYC, and secure email addition, are crucial steps for safely migrating your Pi coins. These aren’t just technical procedures; they’re important preparatory steps encouraging active participation in Pi Network’s decentralized and fair ecosystem.

By correctly completing these steps, you contribute to Pi Network’s evolution, secure your digital assets, and prepare to participate in the future of the Pi ecosystem.

Pi Network’s evolution continues. Stay informed via the official website and announcements, and continue building a decentralized future with your Pi coins.

We’ll continue providing information on further Pi Network usage and ecosystem updates on this blog. Bookmark it for your next learning step.

Mastering the Pi2Day Challenge: Deep Dive into the Pi Network Ecosystem & Claim Your Exclusive Badge

For the Pi Network community, June 28th holds special significance each year. Along with March 14th, designated as “Pi Day” after the approximation of pi (π) as 3.14, June 28th is celebrated as “Pi2Day” to commemorate the progress and growth of the Pi Network ecosystem. This year, the “Pi2Day 2025 Challenge” is being held, offering many Pioneers (Pi users) the opportunity to participate and earn an **exclusive badge**. You can acquire it in about 10 minutes if you follow the steps smoothly.

This article provides a **comprehensive and easy-to-understand** guide, from the purpose of the Pi2Day 2025 Challenge to the specific steps for earning the badge, and solutions to common questions and issues encountered during participation. We hope this article serves as a powerful guide for those who have yet to earn their badge or are planning to participate, deepening their understanding of the Pi ecosystem and helping them claim their badge smoothly.

Pi2Day: The Pi Network Celebration and Its Significance

Pi2Day is an annual community-wide celebration hosted by Pi Network. Its main purpose is to celebrate Pi Network’s evolution and encourage users to actively explore and experience the diverse utilities offered by the Pi ecosystem. The current “Pi2Day 2025 Challenge” provides an excellent opportunity not only to earn a badge but also to engage with the latest features and initiatives of Pi Network.

The Pi2Day 2025 Challenge is a significant event designed to invigorate the Pi community and encourage exploration of its ecosystem. Through this challenge, Pioneers can directly experience Pi’s evolution and share expectations for its future.

Earning the badge by completing the challenge serves as a testament to your contribution and understanding of the Pi ecosystem. Understand that this is more of a symbolic gesture, demonstrating your contribution to Pi Network’s long-term growth and development and your status as a member, rather than a significant visible monetary reward.

Steps to Earn Your Pi2Day Badge: Detailed Explanation of All Tasks

To earn the Pi2Day badge, you need to complete several specified tasks. Here, we will explain each step in detail, one by one.

Step 1: Explore Pi App Studio

In this step, you will explore **”Pi App Studio,”** the application development environment on Pi Network. Pi App Studio provides tools for developers to create Pi apps even without coding experience, making it an essential component for the expansion of the Pi ecosystem.

  • Purpose: To understand what kind of applications are being developed on Pi Network and how development tools are provided.
  • Procedure:
    1. Tap the “Pi2Day” banner on the Pi Network app’s home screen.
    2. On the challenge page that appears, find “EXPLORE Pi APP STUDIO” or a similar item and tap the “Confirm” button.
    3. Once you navigate to the Pi App Studio page, briefly browse the content. You do not need to actually develop anything.
    4. After browsing, use the app’s “Back” button to return to the Pi2Day challenge page. At this point, confirm that the corresponding item has a checkmark.

Step 2: Experience the Pi Ecosystem

Next, you will experience some of the elements that constitute the entire Pi Network ecosystem. This includes checking apps operating on the Mainnet (Pi Network’s actual blockchain) and exploring the Pi Domain Auction.

  • Purpose: To learn about apps already available on Pi Network’s Mainnet and new features such as domains.
  • Procedure:
    1. On the Pi2Day challenge page, tap “EXPLORE THE ECOSYSTEM” or “Explore Pi Domain Auction,” etc.
    2. “Check Mainnet Apps and Staking”: Review applications connected to the Pi Network Mainnet. This is where Pi holds actual value, and you can understand how apps utilize Pi.
    3. “Overview of Pi Domain Auction”: Examine the auction system for domain names (e.g., .pi) used on the Pi blockchain. This can become an important asset within the Pi ecosystem.
    4. After reviewing the content on each page, return to the original challenge page and confirm that a checkmark appears.

Step 3: Spread the Spirit of Pi2Day

In this step, you participate in activities to spread the Pi2Day event within and outside the community. This includes downloading official banners and checking your Mainnet migration status.

  • Purpose: To support the Pi2Day event and confirm that your Pi Network account is ready for Mainnet migration.
  • Procedure:
    1. On the Pi2Day challenge page, tap “DOWNLOAD THE Pi2DAY BANNER” and download the provided Pi2Day-related banners or images. These can be used when sharing the event on social media, etc. (This is the image at the top of the article.)
    2. Concurrently, check the Mainnet Checklist items. This typically includes the following tasks (automatically checked if already completed):
      • Create and activate a Pi Wallet
      • Complete KYC (Know Your Customer)
      • Migrate to Mainnet and lock up Pi
      • Node verification (for Node operators only)
    3. Review the status of these tasks and proceed with any uncompleted items if necessary.

Step 4: Engage with the Community on Fireside Forum

**”Fireside Forum”** is the official social application of Pi Network. In this step, you will deepen your interaction with the community by making a post there.

  • Purpose: To interact with the community and participate in information sharing on Pi Network’s official social platform.
  • Procedure:
    1. On the Pi2Day challenge page, tap “CELEBRATE ON FIRESIDE FORUM” to access Fireside Forum.
    2. Tap the “Add a post” button and post a Pi2Day congratulatory message, etc. For example, the admin posted “Happy Pi Day.”
    3. Important: Posting may require a small amount of Pi tokens. Don’t worry if you don’t have tokens. You can often **earn tokens for free** by using the “Watch an ad” feature within the forum. Watch an ad to get tokens, then use those tokens to make your post.
    4. Once your post is complete, return to the Pi2Day challenge page and confirm that a checkmark appears. It may take a few minutes for your post to be reflected.
  • Note: Fireside Forum tokens can also be earned through contributions to the Pi ecosystem or tips from other users, besides watching ads. Watching ads is a convenient way to temporarily get tokens when needed. Watching ads is an easy and recommended method.

Step 5: Connect on Social Media

This step is very simple and recommends following Pi Network’s official social media accounts.

  • Purpose: To receive the latest information and announcements from Pi Network in real-time by following official social media.
  • Procedure:
    1. On the Pi2Day challenge page, tap “FOLLOW ON SOCIAL MEDIA.”
    2. Follow Pi Network’s official Twitter (X), Facebook, or other accounts that appear.
    3. After following, return to the Pi2Day challenge page and confirm that a checkmark appears.

Step 6: Claim Your Rewards and Obtain the Badge

Once all tasks are completed, you will finally proceed to claim the Pi2Day badge. This is usually associated with a change in your account’s username color.

  • Purpose: To finally obtain the Pi2Day badge as a reward for completed tasks.
  • Procedure:
    1. Once all tasks have checkmarks, tap “CLAIM REWARDS” or a similar item on the Pi2Day challenge page.
    2. Follow the instructions and perform the final action to claim your reward, such as changing your username color.
    3. The Pi2Day badge will now be granted to your Pi Network account, completing your acquisition. Recently, some people post on forums to verify their username color change. Please refrain from such posts as they can be bothersome to others.
  • Verification: You can confirm your badge acquisition within the app.

Screenshot of Pi Network app showing the Pi2Day badge claiming process

Stuck on the Pi2Day Badge? Troubleshooting and Solutions

Even after trying the steps above, you might encounter unexpected issues, such as a checkmark not appearing or the app freezing. Here’s how to troubleshoot those situations:

  • If the app is unresponsive or the checkmark doesn’t appear:
    • Restart the Pi Network app: First, completely close the Pi Network app and restart it. In many cases, this resolves the issue.
    • Restart your smartphone: If restarting the app doesn’t work, try completely powering off your smartphone and restarting it. This can resolve system cache issues or temporary glitches.
    • Check internet connection: Ensure you are connected to a stable Wi-Fi or mobile data connection.
  • Fireside Forum token shortage issue:
    • As mentioned, if you need tokens to post on Fireside Forum, confirm that there is an option to **earn tokens for free by watching ads within the app**. This feature is helpful for temporarily replenishing tokens.
    • Alternatively, if you have already migrated to Mainnet, you can transfer Pi tokens held in your Pi Wallet to Fireside Forum for use.

By trying these basic troubleshooting methods, most problems should be resolved.

Beyond the Pi2Day Badge: The Future and Potential of Pi Network

Earning the Pi2Day badge holds more meaning than simply acquiring a digital collectible. It is proof that you are a Pioneer who deeply understands the Pi Network ecosystem and is actively involved in its growth.

Through this challenge, you will have experienced a glimpse of the diverse utilities offered by Pi Network, such as development tools like Pi App Studio, Mainnet apps, and community platforms like Fireside Forum. All of these serve as the foundation for Pi’s eventual transition to an open Mainnet, bringing broader utility to the world.

Pi Network is more than just a cryptocurrency project; it aims to build a decentralized ecosystem accessible to everyone worldwide. We hope that earning this badge, a small step, will become a significant driving force for jointly realizing this grand vision.

Conclusion: Take Your Next Step as a Pioneer by Earning the Pi2Day Badge

In this article, we have provided **detailed steps for surely earning the Pi2Day badge and solutions to common problems** through the Pi Network’s “Pi2Day 2025 Challenge.” By carefully executing each task, from exploring Pi App Studio to engaging in the Fireside Forum community, you should be able to obtain your badge without confusion.

The Pi2Day badge is a testament to your active contribution to the Pi Network community and your effort to deeply understand its ecosystem. We hope that this badge will spark further interest and passion for Pi Network’s vision for the future—the realization of a decentralized ecosystem where everyone can utilize Pi.

For the latest information on Pi Network and further learning resources, we recommend referring to the official Pi Network website and whitepaper. As a Pioneer contributing to the future digital economy, we support your next learning steps.

Pi Network’s Turbulent June 2025: The Truth About IOUs and Future Prospects

Pi Network, a cryptocurrency project capturing the attention of millions worldwide, has always oscillated between hope and uncertainty. June 2025, in particular, proved to be a tumultuous month for Pi Network. Significant price fluctuations and shifts in market sentiment sparked vigorous debate among many participants.

This article objectively and deeply explores what happened to Pi Network’s IOU price in June 2025, the underlying factors, the inherent challenges Pi Network faces, and its future possibilities. By gaining this information, you will be able to more accurately understand the current state of Pi Network and lay the groundwork for calmly assessing its future developments.

## Pi Network’s Turbulent June 2025: What Happened?

In June 2025, Pi Network’s IOU price underwent a significant correction. Its price plummeted by approximately 28%, temporarily falling from $39 to the $28 range. This sharp decline raised concerns among many investors and ignited intense discussions within the Pi Network community.

For the millions of ‘Pioneers’ who have spent time and effort mining Pi on their smartphones, this was not merely a temporary price drop. It was truly a ‘litmus test’ moment that challenged their belief in the project’s long-term potential. This price decline clearly demonstrated the speculative nature of the IOU market.

### Pi Coin IOU Price Plunge and Community Disquiet

This decline was not a sudden flash crash but a slow downward trend. As a result, investor confidence gradually eroded, sparking profound discussions within the community about Pi Network’s future and the true value of IOUs. This period of uncertainty underscored the critical importance of understanding the decisive difference between IOUs and actual Pi coins.

### Main Factors Behind the Price Drop: Pi Network’s Unique Circumstances

The primary reasons for Pi Network’s IOU price plummeting by 28% can be primarily attributed to the following two points:

1. **Profit-taking and Cooling Down of Overheated Expectations:** On-chain data (transaction history on the blockchain) indicated a surge in selling activity in the middle of the month, particularly from large holders securing their profits.
2. **Lack of Information from the Pi Core Team:** The absence of a specific open mainnet launch date or the announcement of a new roadmap further exacerbated the price decline. Automatic sell orders were triggered when the price fell below $35, accelerating the downturn.

On social media, negative sentiments like ‘Pi is a scam’ and ‘no mainnet’ became trending topics, turning perception into reality. With no positive developments, the IOU price continued to fall.

### Impact of the Overall Market Downturn on Pi Network

Pi Network’s 28% decline was not an isolated phenomenon. It was a symptom of a larger downward trend that swept across the entire cryptocurrency market. June 2025 was a challenging month for the market as a whole, characterized by significant losses, widespread fear, and general uncertainty pervading the digital asset space. The term ‘crypto bloodbath’ was frequently used to describe the market conditions.

1. **Bitcoin (BTC) Plunge:** Bitcoin, the bellwether of the cryptocurrency market, dropping over 15% sent shockwaves throughout the industry.
2. **Ripple Effect on Altcoins:** The decline in Bitcoin’s value had a cascading effect on most other cryptocurrencies like Ethereum (ETH), Solana (SOL), and Cardano (ADA), with these altcoins experiencing even steeper drops than Bitcoin.

When Bitcoin falters, highly speculative projects like Pi Network are hit the hardest. Furthermore, high interest rates and economic uncertainty created a ‘risk-off’ environment, prompting investors to review their portfolios and seek safer assets. Pi, being pre-launch and not yet fully established, was particularly vulnerable to these market dynamics. The combination of an overall market sell-off, negative macro trends, and a shift towards risk-off amplified Pi Network’s losses.

## The Misunderstood ‘IOU’: The Truth You Need to Know

The Pi currently being traded on some exchanges is not, in fact, the ‘real’ Pi coin. Understanding this crucial distinction is paramount for engaging in any trading activity. Even if these platforms appear to list Pi, what they are offering are essentially IOUs, not the actual cryptocurrency you have been mining.

### IOU is a ‘Promissory Note,’ Not Real Pi Coin

IOU stands for ‘I Owe You,’ signifying a type of ‘acknowledgment of debt’ or ‘promissory note.’ In the context of Pi Network, an IOU is merely a speculative placeholder representing a ‘promise for the future’ that Pi coins will be provided once the mainnet launches and actual Pi coins become transferable. Think of it like a ‘pre-sale ticket’ for an event that hasn’t happened yet. Its value is based almost entirely on speculation and expectation.

* The IOU price is driven almost entirely by the hype surrounding Pi Network, social media buzz, and general excitement.
* It does not necessarily reflect the fundamental value of the project or the potential of the Pi cryptocurrency itself.
* The IOU market is susceptible to manipulation and unpredictable price swings because it is influenced by rumors, speculation, and the actions of a relatively small number of traders.

This activity in the IOU market does not indicate actual network activity or the true utility of the Pi cryptocurrency. It is merely a reflection of speculative trading taking place on these isolated exchanges. The true value will be determined by network adoption and usage after the mainnet launch.

### Speculative Nature and Potential Risks of the IOU Market

The IOU market has low liquidity and can be easily manipulated. Low trading volume means there are few buyers and sellers. Even a relatively small transaction or a single large trade can dramatically swing the price, potentially leading to artificial ‘pump and dump’ schemes that are detrimental to inexperienced traders.

Even if there’s good news from the Pi Core Team – positive progress or significant milestones – the IOU price might not move at all if traders aren’t paying attention or if market sentiment is already biased in a certain direction. The IOU market functions independently of actual project development.

Volatility is a double-edged sword. While the IOU market offers the potential for quick gains due to its susceptibility to extreme price swings, it also carries the risk of sudden and significant losses. You could potentially lose most, if not all, of your investment in a very short period.

Many Pioneers tend to mistakenly judge the value of the Pi they’ve diligently mined through the Pi app by the IOU price, leading to unrealistic expectations. However, this can be misleading and lead to disappointment. The IOU price is not a reliable indicator of Pi’s future value.

The actual launch price of Pi, once the mainnet is live and Pi is truly tradable, could differ significantly from what the IOU market currently suggests. It could be substantially higher if demand and utility are strong, but it could also be much lower if there are massive sell-offs or a lack of real-world use cases. The IOU market can create unrealistic expectations, generate false valuations, lead to disappointment for many Pioneers, expose the community to unnecessary financial risks, and encourage speculative behavior. It is a financial and psychological minefield for those unaware of the risks involved.

Until the mainnet launches, the IOU price is merely a speculative guess, a ‘guesstimate’ based on limited information and a lot of hope. Let’s not confuse it with the real thing. Approach the IOU market with extreme caution, and remember that the true value of Pi will only become apparent after the mainnet launch.

## Pi Network’s Biggest Challenge: The Impact of Mainnet ‘Delays’

Pi Network’s biggest challenge is the ‘endless delay’ of its open mainnet. The specific launch date remains ‘coming soon,’ and the community’s patience is wearing thin.

### Concerns Over Mainnet Launch Progress

The Pi Core Team states that KYC (Know Your Customer) migration and a robust application ecosystem are necessary before the open mainnet, but progress is difficult to measure. Each delay prolongs investor anxiety and increases selling pressure.

The IOU price is like a ‘bet’ on the future of the mainnet. The longer the delay, the riskier that bet becomes. If user fatigue builds up, users might abandon the project, and the IOU price could undeniably crash. Until the open mainnet launches, Pi’s potential remains locked, and its credibility hangs in the balance.

### Impact of Delays on Credibility and Project Future

For a project’s credibility, transparency in development and adherence to its roadmap are essential. In Pi Network’s case, the lack of visible mainnet progress fuels community anxiety and may diminish mid- to long-term participation interest. This delay is not merely a technical issue; it could lead to fundamental doubts about the project’s future. Investors and developers are seeking concrete answers to when Pi will actually be usable and when its true value will be realized.

## Two Keys Shaping Pi Network’s Future

So, what holds the potential to turn Pi Network’s situation around? Two major keys exist that will shape its future.

### Massive Mainnet Migration Progress

The first key is the announcement of massive user migration to the mainnet. If the Core Team announces that millions of users have migrated to the mainnet, it would serve as proof that the project is making ‘real progress.’ This would counteract the negative perception of endless delays and significantly boost community trust. News of a large-scale migration would likely sweep social media, reverse sentiment, and spark an IOU price rally.

A large number of users participating on the mainnet means that a stronger, more active ecosystem will be built at launch. This is not mere hype but fundamental progress for the project. Progress in migration could be the catalyst Pi needs.

### Overall Cryptocurrency Market Recovery Trends

The second major catalyst is the recovery of the overall cryptocurrency market. If Bitcoin recovers and an ‘altcoin season’ (a period where altcoin prices surge after Bitcoin’s price stabilizes) arrives, highly speculative projects like Pi Network could see significant gains.

Pay attention to the ‘Bitcoin Dominance’ chart. A decline in this figure suggests that funds are flowing into altcoins. In July 2025, we might see investors rotating funds back into riskier assets, which could fuel a Pi price rally.

Pi’s fate hinges on both its internal progress and external market trends. If these two factors align, Pi’s price could explode. Market euphoria alone could push Pi even higher. July 2025 holds the potential to be a ‘perfect storm’ for Pi Network’s resurgence.

## Pi Network’s Position from Comparison with Other Projects

To understand Pi Network’s characteristics more deeply, let’s compare it with other cryptocurrency projects. For example, Shiba Inu (SHIB), which also declined in June 2025, is at least an operational and tradable asset with an active ecosystem. Similarly, Cardano (ADA), sometimes criticized for slow progress, is at least a functional blockchain.

However, Pi Network’s value rests entirely on its future potential, not its current utility. Pi’s greatest strength is arguably its user base of over 55 million, which will be immediately available upon launch. This is a scale most projects can only dream of. But all of its potential remains sealed until the mainnet launches.

Pi’s price fluctuates based on speculation, not fundamental utility. Its recovery depends on ultimately launching the open mainnet, not on developing superior technology compared to other projects. The June 2025 decline was due to the overall market downturn and the limits of community patience, not simply competition with other projects. Pi’s future hinges on whether it can finally launch its mainnet.

## Conclusion: A Calm Perspective on Pi Network’s Future and Next Steps

June 2025 was a tough month for Pi Network. The IOU price dropped by 28%, and community trust was shaken. Real risks, such as the endless mainnet delays and the speculative nature of the IOU market, exist and hold the potential for further pain.

However, July 2025 offers a glimmer of hope. Two significant ‘catalysts’ – a massive mainnet migration announcement and the recovery of the overall cryptocurrency market – could potentially transform Pi Network’s situation. If internal progress aligns with external momentum, it could reverse the negative trend, erase the losses of June 2025, and potentially climb to new heights.

The Pi Network project is still in its early stages, and its true value will only become apparent with the mainnet launch and the development of its ecosystem. It is paramount to understand that the current IOU price merely reflects market expectations and speculation, and to maintain a calm, objective perspective. For those interested in Pi Network’s future trends, it is advisable to carefully follow official project announcements and reliable information sources, without being swayed by emotions. Always conduct your own thorough research and consideration before deciding on your next learning steps or actions.

Pi Network: The Truth About ‘KYC Expiration’ and What Happens to Unverified Accounts’ Pi Coins – An Analysis Based on Official Information

Within the Pi Network user community, information is circulating that the “KYC (Know Your Customer) application deadline has passed” and “unverified accounts will lose their coins.” Many may feel anxious about the fate of their assets. Meanwhile, encouraging rumors like “the Open Mainnet has launched” are also being heard.

For those seeking to verify the truth amidst conflicting information, this article objectively analyzes the latest situation regarding Pi Network’s KYC, based on reliable external sources and official announcements. Reading this article will help you accurately understand the current status and build a foundation for calmly deciding what actions to take now.

At the Heart of the Discussion: The Truth Behind the Claim “KYC Ended on March 14, 2025”

First, let’s explain the date “March 14, 2025,” which has garnered significant attention within the community. This date was indeed a crucial milestone for Pi Network. According to multiple sources, this day was widely announced as the “final deadline for the grace period” for KYC and migration procedures, allowing users to transfer their mined Pi to the Mainnet (the live, operational network).

While this is slightly different from a declaration that “no new KYC applications will be accepted ever again after this date,” it is true that completing identity verification by this deadline was extremely important for securely retaining the Pi coins mined up to that point. The setting of this deadline is positioned as a crucial step to advance the project to its next phase.

What Happens to Mined Pi Coins If KYC Is Not Completed?

So, if KYC was not completed by the deadline, will the mined Pi coins truly be “forfeited”?

According to information closely aligned with official policy, Pi remaining in accounts with uncompleted KYC may eventually be invalidated and reallocated as incentives for the active, verified community. This is not merely a punitive “forfeiture.” This measure has clear objectives to protect the project’s integrity, such as:

  • Elimination of Fake Accounts: Prevents one individual from unfairly earning coins through multiple accounts.
  • Maintenance of Network Fairness: Ensures assets are distributed to genuine users (Pioneers) who are actually active and contributing.
  • Ensuring Security: Protects the entire network from misuse and attacks.

In other words, this mechanism is a measure based on logical judgment, intended to maintain the long-term value and trustworthiness of the entire ecosystem.

[By Situation] Your KYC Status and What You Should Check Now

Your future outlook and interpretation will vary depending on your current situation. Here, we organize the current status into three main cases.

Case 1: Applied Before the Deadline, But Still “Pending Approval”

Many may have applied for KYC before March 14, 2025, but their status remains “under review” or “pending approval.” In that case, there might be no need for excessive worry.

Pi Network is a massive community of tens of millions of users, processing an enormous number of applications using a combination of manual and automated systems. Therefore, it is expected that the review process will take time. Although not officially confirmed, it is believed that applications submitted before the deadline are still being processed. The basic stance is to wait patiently for your status to be updated within the app.

Case 2: KYC Already “Approved”

Those who have successfully passed KYC have gained the right to fully participate in the Pi ecosystem. Specifically, by progressing through the items on the “Mainnet Checklist” within the Pi app, you can migrate your Pi to your Mainnet wallet.

Here’s one important point: while there’s information circulating that “the Open Mainnet has launched,” this is not accurate at present. As of 2025, Pi Network is in the “Enclosed Network” phase. This means that while Pi’s blockchain is operational, it is intentionally not connected to external exchanges or other blockchains. Approved users can engage in the following activities within this closed network:

  • Sending and receiving Pi among users.
  • Making payments and using compatible applications (DApps) developed on the Pi Browser.

Listing on external exchanges or exchanging with other cryptocurrencies requires waiting for the next “Open Mainnet” phase.

Case 3: Missed the Opportunity to Apply for KYC

There may be some who missed the KYC application by the deadline or haven’t had the opportunity to apply at all yet. While hopeful speculation about a “second wave of KYC” is whispered within the community, there are currently no such official announcements.

However, it is also suggested that the path is not entirely closed. Pi Network is showing signs of expanding participation in its ecosystem, such as partnering with external KYC service providers (e.g., Banxa) and piloting new wallet creation flows. While there’s a non-zero possibility that additional identity verification opportunities might be provided in some form in the future, it remains uncertain. For now, we can only wait for official announcements from Pi Network.

Is “Open Mainnet” Still Distant? Three Conditions for Migration

The key to the project’s ultimate success lies in the migration to the “Open Mainnet.” This will be the first time Pi connects with external economic spheres, theoretically enabling listing on exchanges. However, the core team has shown a very cautious approach to this transition and has officially announced that the following three conditions must be met for migration:

  1. Readiness of Technology, Product, Business, and Legal Aspects: The network must possess stability and security capable of withstanding external connections, and legal issues must be cleared.
  2. Ecosystem Goal Achievement: The number of KYC-completed users, users migrated to the Mainnet, and practical Pi apps must reach the set targets.
  3. Absence of Unfavorable External Environment: The global situation should not hinder the project’s success, avoiding global economic crises, wars, or the introduction of stringent regulations.

As these conditions indicate, Pi Network prioritizes building a sustainable ecosystem with practical value, rather than merely aiming for speculative price increases. The transition to Open Mainnet will occur only after all these preparations are complete.

Conclusion: What Pi Network Users Should Keep in Mind Now

The series of developments regarding the KYC deadline is a crucial step for Pi Network’s transition to its next phase. Finally, here’s a summary of points for all users to keep in mind to calmly assess this situation.

KYC is an unavoidable “key” to fully participating in the Pi ecosystem. And the most accurate information regarding this key will always be communicated directly from official sources.

Instead of fluctuating between joy and anxiety based on community rumors and unofficial information, prioritizing Pi Network’s official blog, official social media, and in-app announcements as primary sources of information is paramount to protecting your valuable assets.

First, open your Pi app and re-check your current KYC status. And for future developments, let’s carefully monitor announcements from official sources.

Mystery of 100 Million Pi Coin Mega-Move from OKX! Experts Explain Price Impact and Future Potential

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Introduction: A Shockwave Hits the Pi Network Community! Over 100 Million Picoin Suddenly Moved

In recent years, the cryptocurrency project “Pi Network” has attracted significant attention with its unique mining system using smartphones. Now, a major shockwave is hitting its community. It is reported that over 100 million Picoin were withdrawn from the major cryptocurrency exchange OKX in a very short period.

Upon hearing this news, many of you are likely wondering, “What happened?” and expressing anticipation. In this article, aimed at those interested in new technologies and trends, we will delve into the background and significance of this “100 Million Picoin Great Migration,” as well as the current state and future of the Pi Network, in an easy-to-understand yet in-depth manner. If you’re not comfortable with technical jargon, don’t worry. We will explain everything step by step, so please stay with us until the end.

This article is close to the content of the following addendum (adding speculation).

https://pinetwork.masters-all.com/pi-network-genjo-uwasa-shinsou-shoraisei-chuiten/

What Happened? Shocking Details of the “100 Million Picoin Great Migration”

First, let’s organize the information currently available about this “100 Million Picoin Great Migration.” When, where, and how much Picoin was moved? And why is this movement having such an impact on the community and market, to the extent that it cannot be dismissed as just “routine transactions”?

Disappeared from OKX? The Whereabouts of 102.77 Million Picoin

According to reports and community feedback, around mid-May 2025, a massive total of 102,776,657.17 Picoin was moved from OKX’s wallet to external wallets in a short period of just 72 hours. Some of these included huge transactions exceeding 70 million Picoin at once, indicating that this was not a movement at the level of individual investors.

Think about it. The withdrawal of over 100 million coins from a single exchange in a short period is not something that happens frequently in the world of cryptocurrencies. That’s why so many people are paying attention, wondering, “Is something happening?”

Why is the Market in an Uproar? Reasons Why This Isn’t Just a Simple Transfer

You might think, “But isn’t it normal for cryptocurrencies to move between wallets?” That’s true. However, there are several reasons why this case is considered “not normal.”

  • Scale: As mentioned earlier, the amount of 100 million Picoin is extremely large, and its psychological impact on the market cannot be ignored.
  • Timing: This large-scale movement at a time when the Pi Network is activating its mainnet (the actual network where Picoin can be traded) and moving towards practical use is fueling various speculations.
  • Uncertainty of Information Sources: While some social media accounts claiming to be knowledgeable about cryptocurrencies (such as an account named “Mr. Spock”) have disseminated this information, the lack of official announcements or explanations from the Pi Core Team, the main operator of the Pi Network, is also a factor accelerating speculation.

These factors intertwine, causing this large-scale movement to stir up the community with the question of whether it has “some special meaning.”

How Did the Picoin Price React? Real Market Movements

With such a large amount of Picoin moving, the impact on the price is naturally a concern. Picoin is still only traded on a limited number of exchanges, and its price remains unstable, but how did it move in response to this event?

Did the Price Drop? The Latest Picoin Rate of Concern

According to reports, after this large-scale movement became apparent, the price of Picoin temporarily dropped to about 81 cents (in USD). This is nearly half of the recent high of $1.60. Of course, cryptocurrency prices constantly fluctuate due to various factors, and it cannot be definitively concluded that this entire drop was due to the large-scale movement. However, the possibility that it contributed to a deterioration in market sentiment cannot be denied.

You might be wondering, “Where can I usually see the price of Picoin?” You may find information by searching for “Pi Coin” or its ticker symbol (if any) on major price tracking sites like CoinMarketCap or CoinGecko. However, since the Pi Network is not yet officially listed on many exchanges, it’s important to note that the displayed price may not accurately reflect actual trading.

Speculation Abounds! What Are the 3 Scenarios Behind the Large-Scale Movement?

What intentions or purposes could be behind the movement of 100 million Picoin? As there are few official announcements from the Pi Core Team at this time, various speculations are circulating within the community. “Could this be preparation for an amazing project?” “No, maybe someone is trying to sell secretly…” The imagination runs wild. Here, let’s explore the possibilities by unraveling three particularly noteworthy scenarios.

Scenario 1: A Stepping Stone Towards the Upcoming “Utility Phase”?

One of the most positive scenarios is that this is preparation for the full-scale practical use of the Pi Network. For example,

  • Preparation for supplying Picoin to new partner companies or services
  • Ensuring liquidity within the ecosystem that the Pi Network is developing
  • Fund transfers for deeper integration into Web3 (the next generation of decentralized internet)

are possibilities. For Pioneers (Pi Network participants) who have been mining Picoin for many years, this would be a truly awaited development. This scenario gives rise to the hope, “Maybe the day when our Picoin can actually be used is near!”

Scenario 2: Strategic Movement by Large Holders, “Whales”?

In the world of cryptocurrencies, individuals or organizations holding large amounts of coins are called “whales.” It is also pointed out that this large-scale movement could be a strategic fund transfer by such whales. The purposes could include:

  • Storing funds in more secure wallets
  • Preparation for P2P (peer-to-peer) transactions without going through exchanges
  • Or, movements aimed at taking some profits while observing market trends

Whale movements can have a significant impact on the market, so their intentions are always closely watched. If this movement were to lead to future selling pressure, it could be a negative factor for the price.

Scenario 3: Is There a Connection to Past Mysterious Transfers? (Movements in May 2025)

In fact, this is not the first time such a large-scale movement of Picoin has occurred. According to background information, in early May 2025, there was an event where 7 million Picoin were moved through over 19,500 accounts in just one day. This movement continued overnight, and it was rumored to be either by an automated program or some kind of strategic preparation.

The possibility that this 100 million Picoin movement is related to that past movement cannot be denied. “Could this mean that the preparations from that time are finally starting to move in earnest?” Thinking this way, there might be a larger plan hidden behind this event.

“Why No Explanation?” Pi Core Team’s Transparency and Communication Questioned

Not limited to this incident, there have been many voices regarding the operation of the Pi Network project, saying, “We want more information disclosed” and “It’s hard to see what the management is thinking.” Especially given such a large movement of Picoin, the current situation with little clear explanation from the Pi Core Team is causing anxiety and distrust among some users. It’s understandable to think, “How is our Picoin being managed?” In this section, we will consider why “transparency” is so highly valued and what the Pi Network needs to do to gain true trust.

The Community Craves “Official Announcements”

The Pi Network has enthusiastic Pioneers all over the world. They have been mining Picoin and participating in community activities for many years, believing in the project’s success. Therefore, they are demanding prompt and detailed explanations from the Pi Core Team regarding important information about the project, especially matters like this large-scale movement of Picoin or the transfer of funds from Pi’s liquidity reserve wallet (which has also been reported in some instances).

“Who moved the Picoin, for what purpose, and how?” “How does it affect the overall project plan?” Even a brief official announcement addressing these questions would greatly alleviate the community’s anxiety. The suspicion that “something is being hidden…” gradually erodes trust.

“Transparency” as the Foundation of Trust: Learning from Past Examples

In the world of cryptocurrencies, it is no exaggeration to say that a project’s transparency determines its success or failure. In the past, there have been numerous examples of projects that lost trust and eventually declined due to insufficient information disclosure or neglecting communication with the community.

Conversely, projects that sincerely disclose information and continue dialogue with the community, even when facing difficult situations, tend to be supported in the long term. This is because transparency is the foundation of trust. Users can confidently continue to support a project because they believe it is being operated fairly.

How Should the Pi Network Respond to the “Voices of the Pioneers”?

For the Pi Network to stand alongside other major cryptocurrency projects like Ethereum and Solana, strengthening not only technological development but also governance and communication systems is essential. It is now required to have the mindset of “We are not in beta, we are in production,” sincerely listen to the voices of the Pioneers, and provide regular updates and clear information disclosure.

Pioneers are not just users; they are “companions” who have believed in and supported the project. The Pi Core Team’s sincere response to their question, “What’s happening with our coins?” will be the key to illuminating the future of the Pi Network.

The “Now” and “Future” of the Pi Network: What Should We Pay Attention To?

Amidst various information and speculations, what development phase is the Pi Network currently in, and where is it heading? Let’s calmly grasp the “now” of the Pi Network, including the mainnet operation status and the progress of KYC (Know Your Customer), which many Pioneers are eagerly awaiting, and organize the points we should pay attention to in the future. We will clearly answer the question, “What’s the status of the Pi Network now?”

Mainnet is Live! But What About KYC Delays? – Organizing the Current State of Pi Network

First, let’s organize the current state of the Pi Network as follows:

  • Mainnet is Live: The “production environment” where Picoin actually functions on the blockchain is already running. This is a significant step forward.
  • KYC (Know Your Customer) is Underway: The KYC process, essential for preventing fraudulent use and building a healthy ecosystem, is progressing. However, there are reports of delays, with some saying, “It’s taking a long time for my turn” or “It’s taking time for approval after applying.”
  • Mining Has Stopped: The issuance of new Picoin (mining) has basically stopped, and the project is now entering a phase of increasing the value of existing Picoin.
  • Tokens are Active On-Chain: There are starting to be reports of instances where Picoin is actually sent and received between wallets or used in some marketplaces.

Thus, the Pi Network is in a situation where parts of the project are steadily progressing, while other parts still face challenges.

Not Just a Pipe Dream! “Utility” is the Lifeline of Picoin

No matter how innovative the technology or idea, if it cannot be actually “used,” it will not create value. What the Pi Network aims for is not just a cryptocurrency as a speculative asset, but a currency with “utility” that can be actually used in daily life and business scenarios.

Recently, there have been movements where Pioneers are voluntarily buying and selling goods using Picoin, or using it as tips for creators. The accumulation of such grassroots “use cases” is extremely important for proving the value of Picoin and leading the project to success. It is necessary to respond to the question, “Can it really be used?” with concrete examples.

Don’t Miss Important Future Announcements! Tips and Cautions for Information Gathering

The situation of the Pi Network changes daily, and to avoid missing important information, you need to keep your antenna high. The main means of gathering information include:

  • Pi Network’s official website and official social media accounts: These are the most reliable sources of information. Check them regularly.
  • Reliable cryptocurrency news sites: Refer to news reports and analysis articles about the Pi Network.
  • Pi Network community (forums, social media groups, etc.): You can exchange opinions and information with other Pioneers, but be careful about the authenticity of the information.

In particular, make sure to prioritize checking official announcements from the Pi Core Team. Also, when gathering information, it is important not to blindly trust a single source, but to compare and examine multiple sources, and to be cautious about overly optimistic or inflammatory information. Get into the habit of pausing and thinking, “Is this information true?”

Conclusion: What the 100 Million Picoin Great Migration Indicates About the Future of Pi Network – Expectations, Challenges, and What We Can Do

This “100 Million Picoin Great Migration” has the potential to be a major turning point, for better or worse, for the ambitious Pi Network project. Based on the various information discussed in this article, let’s finally consider together how we should view the future of the Pi Network at this point, what we should expect, and what points we should be careful about. The hint to the answer to the question, “What’s the deal with Pi Network now?” might be here.

Current Assessment: Is Pi Network a “Buy” or a “Wait”?

Regarding the future potential of the Pi Network, the honest assessment at this point is that there are great expectations, but also many uncertainties and challenges remain.

Points to be optimistic about include:

  • The existence of a huge global community of Pioneers
  • The mainnet is live, and movements towards practical use are becoming concrete
  • Signs of increasing on-chain activity (transaction activity on the blockchain)

On the other hand, challenges and concerns include:

  • Lack of information disclosure and transparency from the Pi Core Team
  • Delays in the KYC process and user dissatisfaction with it
  • The Picoin price is still unstable, and its practical value has not been established
  • Differentiation from competing cryptocurrency projects

It is important to be wary of sweet talk like “You’ll make big profits immediately!”

Regarding the question, “Is Pi Network a buy or a wait?”, we recommend making a careful decision after thoroughly considering your investment objectives and risk tolerance. At this point, it may be too early to determine the success or failure of the project.

The Importance of Continuing to Learn as a Pioneer, Without Being Swayed by Short-Term Fluctuations

Instead of being swayed by short-term information like the Pi Network price going up or down, it is important to focus on the fundamental aspects of what value the project is trying to create in the long term and what challenges it is trying to overcome to achieve that.

To do this, we Pioneers ourselves are required to have attitudes such as:

  • Continuing to learn about the technology and philosophy of the Pi Network
  • Carefully following official information and not being misled by rumors or uncertain information
  • Sharing constructive opinions and suggestions within the community

By “actively learning, thinking, and participating” rather than just “waiting,” we can help make the future of the Pi Network better.

What Do You Think? Let’s Think About the Future of Pi Network Together!

This 100 Million Picoin Great Migration has given us many questions and opportunities to think. How did you perceive this event? What expectations do you have for the future of the Pi Network? Or what concerns do you feel?

We hope this article helps you think more deeply about the Pi Network and form your own opinions. Please share your thoughts in the comments section, etc. Let’s watch over the future of the Pi Network together through constructive discussion.

Disclaimer: This article is for informational purposes only and does not recommend the purchase or investment in specific financial products. Investing in cryptocurrencies involves high risks. Investment decisions should be made at your own discretion after sufficient information gathering and consideration.

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

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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.

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

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

Consensus 2025 Official Page

https://consensus2025.coindesk.com/

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

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

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

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

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

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

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

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

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

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

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

Overcoming Skepticism: Pi Network’s Challenges and Growth

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

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

What to Expect at Consensus 2025?

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

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

The Power of Community: The Driving Force Behind Pi Network

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

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

Expectations for Pi Network’s Next Chapter

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

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

Shift Towards Transparency and Expected Announcements

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

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

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

Possibility of Binance Listing: Community Expectations and Reality

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

Binance’s New Listing Policy and Past Community Votes

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

Feasibility of Listing: Still Unclear

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

Ecosystem Expansion and Real-World Use

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

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

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

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

Beyond Pi Day: Pi Network’s Vision for a Practical Digital Currency Future

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Pi Network, which is gaining attention for mining using smartphones. Many users are focusing on its future potential and value. This article provides detailed information on the latest updates regarding Pi Network and the future potential being discussed within the community.

Current Status and Concerns of the Pi Network Community

Within the Pi Network community, various opinions are being exchanged regarding the frequency of official announcements and future pricing. Concerns have been raised by some users, particularly due to the lack of a major announcement that was anticipated on “Pi Day” (March 14th, 3.14, named after the mathematical constant Pi). This day is an important anniversary for Pi Network, as the official launch took place on March 14, 2019.

However, the development of Pi Network is steadily progressing based on a solid plan, and it is considered important to focus on the long-term vision rather than being swayed by the presence or absence of short-term announcements.
(Many people were seen to have high expectations for the Pi Day announcement.)

The Essence and Purpose of Pi Coin

Many people consider Pi Coin merely an object for buying and selling on exchanges, but that is not all that Pi Network aims for. Pi Coin is thought to be primarily designed for the following uses:

  • Utility token in decentralized applications (DApps)
  • Means of payment for goods and services
  • Function as a practical everyday currency

In other words, Pi Coin is not merely a cryptocurrency for speculative purposes; it is strongly positioned as a practical currency used in actual economic activities.

The total supply of Pi Coin is set at 100 billion coins, and regarding this relatively large supply, distribution plans and supply control to curb inflation risk are important challenges.

Pi Network’s 3-Phase Roadmap

The official Pi Network website features a “3-Phase Roadmap” indicating the project’s progress. It is divided into Phase I (Beta), Phase II (Testnet), and Phase III (Mainnet), with Phase III further split into “Enclosed Network” and “Open Network”.

These phases are implemented step by step, and the stability and functionality of the network are expected to improve at each stage. Users can refer to this roadmap to understand the project’s progress.

As of March 2025, Pi Network has entered the “Open Network” phase of Phase III. This means that the launch of the Open Network, which was planned for the end of 2024, was successful, and external connection restrictions have been lifted, allowing integration with other networks and wallets.

The condition for the Open Network launch was the migration of 1 billion Pi to the mainnet. As of 2024, approximately 410 million Pi had been migrated and approximately 280 million Pi were locked, totaling about 690 million Pi on the mainnet. However, subsequent migration progressed, and the Open Network was realized upon achieving the target of 1 billion Pi.

The Role of the Global Community

The cooperation of the community, consisting of users from around the world, is essential for the success of Pi Network. In particular, an organization called “Pi GC” (Global Community) is thought to play a crucial role in building the Pi Coin ecosystem.

As of October 2024, Pi Network has grown into a global community with over 45 million active users, and its size has further expanded in 2025.

What Pi Network aims for is not just a cryptocurrency, but the creation of a practical economic zone supported by a global community.

Within the community, there is also discussion about the idea that in the future, within the Pi ecosystem, only a portion of the coins held by users (e.g., 10 coins) might be usable for specific functions or transactions. This is also seen as a measure to ensure system stability and sustainability.

Views on the Value of Pi Coin

Regarding the future value of Pi Coin, various speculations are circulating within the community, but the official Pi Network team is said to have a policy of not making specific price predictions (such as $1, $10, $100, etc.).

This is a responsible stance, as it is difficult to predict a specific value because the value of cryptocurrency is determined by many factors such as market supply and demand, utility, and adoption rate.

Statements from the Founder of Pi Network

Nicholas Kokkalis, the founder of Pi Network, is reported to have made a statement in the past to the effect that “the price is not determined by me, but by the market.”

Furthermore, it is said that the goal of Pi Network is to achieve what over 25,000 existing cryptocurrencies have not been able to achieve. That is the creation of a decentralized digital currency that is easily accessible to everyone and can be used in actual economic activities.

Future Developments of Pi Network

The Pi Network team made a series of important announcements in the latter half of 2024, providing more detailed information about the project’s direction. These announcements have brought new perspectives to the community.

Pi Network’s distinctive approach is its focus on the use value in actual economic activities rather than focusing on the price on exchanges. This can be said to be an approach that sets it apart from many other cryptocurrency projects.

Summary: The Future Potential and Outlook of Pi Network

Pi Network is a project with a grand vision of creating a digital currency accessible to everyone. It continues to develop with the support of its global community, focusing on utility rather than value on exchanges.

Although there are concerns regarding the frequency of official announcements and specific pricing, it is important to understand the essence of the project and view it from a long-term perspective. The goal of “practical digital currency” that Pi Network aims for holds the potential to be an important step in the future of cryptocurrency.

By continuing to pay attention to announcements from the official team and actively participating as a member of the community, you will be able to maximize the potential of Pi Network. The journey of Pi Network has just begun.

Pi Coin Investment for Beginners: 5 Key Points to Understand Risks and Opportunities

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Introduction: What is Pi Network?

“Pi Network” has recently attracted significant attention as a new generation of cryptocurrency that can be easily “mined” using only a smartphone. It has the revolutionary feature of allowing anyone to easily participate through a smartphone app, without requiring expensive mining equipment or vast amounts of electricity like traditional cryptocurrencies.

However, there are swirling voices of both support and criticism regarding Pi Network. While some supporters expect that “Pi Coin could potentially be worth over $100 in the future,” those with a critical view predict that “the price will plummet as soon as the mainnet is fully operational.” Evaluations range widely, from the optimistic view that it will “become the next Bitcoin” to the harsh assessment that it is “nothing more than a worthless currency.”

This article objectively analyzes the future potential of Pi Network from various angles and explores whether Pi Coin is currently worth considering as an investment. We will examine both critical and positive opinions and provide information that Japanese investors can use as a reference when making decisions about Pi Network.

Why Some People Are Skeptical About the Value of Pi Coin

1. The Problem of an Excessively Large Supply Cap of 100 Billion Coins

The most common criticism against Pi Coin is its enormous supply cap. The total supply of Pi Coin is set at 100 billion coins, which is approximately 4761 times the supply cap of Bitcoin, which is 21 million coins.

Critics argue that “if the supply is too large, demand will not keep up, and there will be limited room for the price to rise.” It is true that, based on basic economic principles, prices tend to fall when supply is excessive.

However, the following counterarguments can be considered regarding this issue:

  • Actual circulating supply is much lower than the supply cap: Currently, most Pi Coins are still locked in the hands of miners, and the actual amount traded on the market is much lower. The actual circulating supply will vary greatly depending on the Pi team’s release policy and the KYC (Know Your Customer) pass rate.
  • Circulating supply and market demand are important: Ripple (XRP) also has a supply cap of 100 billion, yet it maintains a value of around $2 per coin. This indicates that not only the supply amount but also market demand and actual circulating supply are important factors in price formation.
  • Possibility of token burning mechanism: In the future, mechanisms such as using a portion of transaction fees for token burning (reducing the supply) may be introduced. This could potentially lead to a gradual decrease in the market supply over time.

2. Concern about Increased Selling Pressure Due to Free Mining

Pi Coin has the characteristic of being able to be “mined” for free using a smartphone app. While this has the advantage of lowering the barrier to entry, there is a concern that significant selling pressure will occur once trading begins, based on the human psychology that “things obtained for free are easily let go.”

In fact, in the early stages when Pi Coin was listed on exchanges, many users who had been mining for free for years sold with the idea that “since it’s a coin obtained for free, it’s fine if I can cash out even a little.” Indeed, when Pi Coin was first listed on exchanges, it started at around $3.4 but then rapidly fell to around $0.6. This is believed to be primarily due to many early miners selling to take profits. Technical analysis shows that the RSI (Relative Strength Index) is at 45.2, indicating the market is in a neutral to slightly bearish state.

However, from a long-term perspective:

  • Decreasing mining rate: In the design of the Pi Network, the mining speed of individual miners gradually decreases over time. This means that the amount of new Pi Coins supplied to the market will decrease over time.
  • Alleviation of initial selling pressure: Once people who mined a large amount of Pi Coin in the early stages finish selling, the new supply to the market will stabilize, and selling pressure may gradually decrease.

3. Warnings from Government Agencies

In recent years, authorities in countries like Vietnam have officially issued warnings about the risks associated with Pi Network. Authorities emphasize the potential for Pi Network to be exploited for fraudulent activities, the risk of scams involving fake tokens aimed at stealing user data or money laundering. They also point out that “Pi has no practical use, and its value is self-assigned,” warning that many people may be misunderstanding its true value.

Furthermore, there has been an increase in fake websites and applications mimicking Pi Network, which pose a risk of stealing users’ wallet information or gaining unauthorized access to devices. Investors need to be fully aware of these security risks as well.

Exploring the Potential Value of Pi Network

1. Significance of the Mainnet Migration

Pi Network officially launched its open mainnet on February 20, 2025. This is a significant milestone following the successful migration of over 10.14 million accounts to the mainnet and the completion of the KYC (Know Your Customer) process by over 19 million users. It signifies the evolution from a closed test network to a full-fledged blockchain capable of actual transactions and transfers.

The migration to the mainnet indicates that Pi Coin has transitioned from being merely a “test phase currency” to a cryptocurrency with potential real value. This is an important indicator that the project has moved beyond the theoretical stage into the practical stage, and it is a point that investors should pay attention to.

Furthermore, Pi Network conducted the largest airdrop in cryptocurrency history, surpassing Uniswap in scale. However, since its launch, its price movement has been unstable, with the ADX (Average Directional Index) falling from 60.2 to 15, indicating a decrease in market momentum.

2. Learning from Past Success Stories

Looking back at the history of cryptocurrencies, there are several projects that were not valued in their early stages but later achieved great success:

“Investing is about investing in something that no one believes in at first, and selling when everyone comes to believe in it.”

  • Bitcoin: When it was born in 2009, it was considered to have almost no value, and there is a famous anecdote where 10,000 Bitcoins were exchanged for two pizzas. Currently, Bitcoin is worth over $100,000.
  • Binance Coin (BNB): At the time of its ICO (Initial Coin Offering) in 2017, it was around $0.1, but its value increased with the growth of the Binance exchange, exceeding $700 at its peak, achieving growth of over 7000 times.

Of course, not all projects achieve such success, but it shows that just because the value is low in the early stages does not mean there is no possibility of long-term success. No one can predict whether Pi Network will be the next major success story, but from the perspective of an investment opportunity in the early stages, it can be considered an interesting case.

3. Growing Ecosystem and Utility

One of the most important value propositions of Pi Network is that it is building a growing ecosystem, not just a token. Particularly noteworthy is the gradually expanding use for payments in various parts of the world:

  • South Korea: The Pi community is particularly active in South Korea, and several stores have begun experimentally accepting payments in Pi Coin. However, these adoption cases are not yet mainstream, and the actual penetration is limited.
  • Taiwan: In Taiwan, Pi Coin is starting to be used in small stores and peer-to-peer transactions.
  • Vietnam: In Vietnam, restaurants and snack shops support Pi payments, and there are reports that it is even used for purchasing motorcycles and gold in some cases.
  • Philippines: In the Philippines, some hotels, resorts, and clothing stores accept Pi payments.

While these are not yet mainstream, it is noteworthy that Pi Coin is gradually increasing its real-world use cases. Since the value of cryptocurrency is ultimately determined by its utility, the more it is adopted as an actual means of payment, the more its fundamental value is likely to increase.

Furthermore, the Pi team is promoting the development of “Pi Apps,” and there is a possibility of building an ecosystem of decentralized applications (DApps) in the future, similar to the BNB Chain or Ethereum. The development of such an ecosystem could significantly increase the demand and value of Pi Coin.

Why Now Is the Time to Pay Attention to Pi Coin

1. Early Stage Price Formation Period

Pi Coin is in the early stage immediately after the mainnet migration, and market recognition is in the process of being established. Generally, cryptocurrency projects often have low prices in the early stages, and their value may increase as the ecosystem and adoption rate expand.

The current price of Pi Coin may not fully reflect its potential long-term value. As the market gradually recognizes the utility and adoption rate of Pi Coin, the price may rise.

Specific price predictions by experts include analyses suggesting that Pi Coin could reach a maximum price of $100 in 2025 (average $65, minimum $30), a maximum price of $200 in 2026 (average $135, minimum $70), and a maximum price of $350 in 2030 (average $225, minimum $100). However, these predictions can fluctuate significantly depending on market conditions and adoption rates.

2. Ecosystem Building in Progress

Pi Network is currently in the process of building a comprehensive ecosystem. After the network opens, Pi Network’s core goals are to enhance ecosystem vitality, promote application implementation, and improve technical, product, business, and legal frameworks.

If real-world applications of Pi Coin increase, demand will increase, and the price may also rise. Building an ecosystem is a time-consuming process, but if successful, it has the potential to create significant value.

3. Investment Opportunity from a Long-Term Perspective

Many successful cryptocurrencies took several years to achieve widespread adoption. Bitcoin and Ethereum also had a long journey to reach their current value.

Pi Network is still under development, and considering it before the market fully recognizes Pi’s value may be meaningful for investors with a long-term perspective. There is a possibility to leverage the advantage of being an “early entrant.”

Investment Risks and Points to Consider

Of course, investing in Pi Coin also involves the following risks:

  • Uncertainty of circulation policy: How the Pi team manages the circulating supply in the future, whether they release a large amount of coins at once or manage it cautiously, can significantly impact the price.
  • Uncertainty of adoption rate: It is unclear how many people or businesses will actually start using Pi Coin. If the adoption rate is low, the value may be limited.
  • Increased competition: The cryptocurrency market is highly competitive, with new projects emerging one after another. It is important whether Pi Network can successfully differentiate itself from other competing projects and demonstrate its unique value.
  • Regulatory risk: Regulations on virtual currencies in various countries around the world are constantly changing, and future regulatory changes could affect Pi Network. This point requires particular attention, especially given the strict regulations by the Financial Services Agency in Japan.
  • Risk of fraud and misuse: There has been an increase in fake websites and apps mimicking Pi Network, which pose a risk of stealing users’ wallet information or distributing malware.
  • Legal concerns: Legal concerns regarding Pi Network’s pyramid-like structure and uncertain legitimacy have also been pointed out among experts.

Conclusion: Is Pi Coin Worth Considering as an Investment?

Pi Network takes a different approach from traditional cryptocurrencies and aims to build a decentralized currency that is accessible to everyone. There are grounds for both critical and positive views, but ultimately, it depends on individual investment judgment.

For investors with a long-term perspective who can accept the high volatility of the cryptocurrency market, Pi Coin may be worth considering. In particular, an approach of starting with a small investment and making decisions while observing the project’s development might be wise.

When considering as a Japanese investor, we recommend considering the following points:

  • Invest with surplus funds and limit the amount to what you can afford to lose
  • Maintain a long-term perspective and do not get overly excited or discouraged by short-term price fluctuations
  • Regularly check the development status and adoption rate of Pi Network
  • Include it only as a part of your portfolio as part of diversification
  • Be cautious of scam sites and apps and only trust official information

Ultimately, whether Pi Network truly becomes a valuable ecosystem will depend on future development and adoption status. At this point, we recommend watching its development with interest but also with realistic expectations.

Always keep in mind that cryptocurrency investment is high-risk and make decisions carefully based on the principle of self-responsibility.

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