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Pi Network Whales: Unveiling the Mystery of the ODM Wallet and OKX’s Involvement

Pi Network, a cryptocurrency mined via smartphones, boasts over 60 million users globally. However, its future and the timeline for its open mainnet launch remain speculative.

Recently, the community buzzes with discussions surrounding “whales,” large-scale holders moving significant amounts of Pi, particularly involving a mysterious “ODM wallet” and the leading cryptocurrency exchange, OKX. What do these movements signify?

This article objectively analyzes these reported wallet activities and explores their potential impact on Pi Network’s future. We aim to provide accurate insights, preventing misinformation and preparing you for future developments.

Pi Network’s Whales: The Shocking ODM Wallet

Recent large-scale Pi movements, especially those involving the enigmatic ODM wallet, have caused significant ripples within the Pi Network community. Reports indicate this wallet holds a staggering 311 million Pi tokens, fueling much speculation.

Large-Scale Wallet Movements and Community Unease

In typical cryptocurrency markets, investors wielding significant coin holdings and influencing market trends are termed “whales.” Pi Network currently operates on a closed mainnet, prohibiting free trading on public exchanges. This context makes the reported large-scale wallet activity a source of both excitement and anxiety within the community.

The ODM Wallet: Its Holdings and Mysteries

The precise origins of the ODM wallet’s substantial Pi holdings remain unclear. Pi Network’s closed mainnet makes it difficult to verify detailed wallet activity via external blockchain explorers. However, some within the community suggest this activity reflects internal Pi Network movements or preparations for the open mainnet launch.

The ODM wallet’s existence, coupled with Pi Network’s massive user base, significantly influences potential future market liquidity and price formation.

OKX’s Involvement: A Testament to Pi Network’s Future?

Adding fuel to the fire is the involvement of OKX, a leading cryptocurrency exchange. Some reports suggest OKX transferred 3.5 million Pi to the ODM wallet, and further reports indicate that OKX announced Pi Network’s “listing” in February 2024. However, we must carefully consider the implications of this “listing.”

The Truth Behind OKX’s Pi Network “Listing”: Official Listing vs. IOU

As of March 2024, Pi Network remains on a closed mainnet; Pi is not officially listed on external exchanges. Therefore, OKX’s announced “listing” likely doesn’t represent actual Pi trading. Such announcements often indicate the exchange initiating IOU (I Owe You) trading based on anticipation of a future open mainnet listing. IOU trading involves users betting on Pi’s future value, akin to trading IOUs. The Pi Core Team doesn’t endorse such unofficial trading.

However, OKX’s attention to Pi Network – a top-tier exchange – suggests they value its potential. Given OKX’s strict regulatory compliance and security standards, their interest hints at Pi Network’s potential recognition as a legitimate blockchain network.

Interpreting Whale Movements: Strategic Preparations for Pi Network’s Open Mainnet

The seemingly mysterious large-scale Pi wallet movements can be viewed not just as speculative actions but as strategic preparations for the open mainnet launch – like a massive move.

Understanding Large-Scale Wallet Re-allocation: The “Move” Analogy

When moving to a larger house, do you suddenly rent a moving truck? No, you plan weeks in advance, pack, coordinate with movers, and prepare for life in the new house.

Pi Network’s situation is similar. The open mainnet transition is a “massive move,” transforming Pi Network from a community project into a global financial ecosystem. The activities of the ODM wallet and exchanges like OKX can be interpreted as “packing” and “establishing a foundation” in this “new location.”

Whales’ Insight into Pi Network’s Potential

Whales often possess deeper insights into market trends and project potential than the average investor. Their accumulation of Pi and exchanges’ related activities may signal an internally understood proximity to the global launch.

These strategic preparations aim to provide sufficient liquidity during the open mainnet transition, ensuring smooth trading.

Pi Network Whale Strategies: Positive Aspects and Potential Risks

Whale activity in Pi Network presents both positive and negative aspects. Let’s objectively assess these:

Positive Aspects:
* Increased Institutional Interest and Market Credibility: Large-scale asset movements and exchange interest suggest Pi Network is a potentially valuable digital asset attracting institutional attention. This boosts Pi Network’s long-term credibility.
* Preparation for a Professional Market Launch: Concentrated liquidity from large holders could facilitate a healthy market upon the open mainnet launch, potentially mitigating extreme price volatility and fostering a stable trading environment.
* Regulatory Compliance Progress: Exchanges like OKX must adhere to strict regulatory compliance and security standards to operate. Their involvement strongly indicates Pi Network’s behind-the-scenes efforts to meet AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements.

Potential Risks:
* Market Manipulation from Wealth Concentration: The concentration of over 300 million Pi in a single wallet risks price dumping if the holder deliberately sells large amounts, harming other Pi holders.
* Increased Initial Price Volatility: The open mainnet launch’s initial stages will likely see high volatility due to large-scale trading, potentially causing sharp price increases or decreases.

Your Pi: Strategies and Risk Management for Pi Holders

Amidst these significant developments, how should individual Pi holders protect assets and maximize opportunities? Let’s learn from whale strategies and act wisely.

Three Steps to Learn from Whale Strategies:

Whales don’t just hold Pi; they act strategically. Their approach, albeit on a different scale, is applicable to us:

* Accumulation: Whales quietly accumulate large amounts of Pi before widespread value recognition – similar to your current Pi mining. Continuously accumulating Pi, anticipating future value, is crucial.
* Positioning: Whales secure their positions, for example, by setting up accounts on major exchanges, anticipating the open mainnet launch. We should monitor Pi Network’s official announcements and gather information about potential exchanges.
* Strategic Selling: Whales are unlikely to sell all their Pi at once, causing market disruption. They’ll likely sell strategically, maximizing profits while maintaining market stability. We should formulate a clear exit strategy (partially selling, long-term holding, selling at a specific price, etc.).

Pi Network’s Strengths and Future Outlook

Pi Network’s appeal to whales stems from its unique strengths:

* The Power of a 60+ Million User Base: Few cryptocurrency projects boast such a massive user base. This community strength drives Pi Network’s potential to become a global financial ecosystem.
* Ecosystem Development and Practicality: Pi Network focuses on building a practical ecosystem, including developing decentralized applications (DApps) and retail payment options, beyond just Pi’s value.
* Mobile-First Approach and Inclusive Finance Vision: Pi Network’s smartphone mining makes financial services accessible to the unbanked, aiming for an inclusive financial system.

Risk Management is Key:

Cryptocurrency investment is inherently risky. Remember:

* Invest with Spare Funds: Only invest what you can afford to lose.
* Diversify: Spread investments across multiple cryptocurrencies and assets to reduce risk.
* Self-Education and Information Gathering: Stay informed about market trends and Pi Network’s official announcements.

Pi Network Future Scenarios: Pathways to Success and Challenges

Based on the information and whale activities, several possible Pi Network scenarios emerge:

Scenario 1: Positive Growth
Whales provide market liquidity and stability, promoting healthy price formation. Pi Network achieves a successful global launch with strong institutional support, and Pi’s value increases steadily. Users benefit from network growth and success, leading to widespread adoption.

Scenario 2: High Volatility
The open mainnet launch’s initial stages see significant price fluctuations due to whale activity and speculation. Some users profit handsomely, while others suffer losses due to market manipulation and uncertainty. The network eventually stabilizes, but achieving its full potential requires time and effort.

Scenario 3: Facing Challenges
Wealth concentration leads to market dominance issues, undermining Pi Network’s inclusive finance vision. New regulatory challenges or technical/operational problems hinder growth.

While the outcome remains uncertain, Pi Network’s large community, regulatory compliance efforts, and focus on practicality suggest a positive scenario. Community vigilance regarding wallet movements, demanding transparency and accountability, is crucial.

Conclusion: Pi Network at a Crossroads – Prepare for the Future

The large-scale ODM wallet activity and OKX’s involvement are significant, indicating Pi Network’s transition from a community project to a global financial ecosystem. Whale strategies reveal both market expectation and concern. Understanding these strategies and developing your own Pi holding strategy is key to navigating the future market. Prepare for price volatility, but focus on Pi Network’s long-term vision and ecosystem development.

Pi Network’s true value lies in its technology and its global community of pioneers. By staying informed and making rational decisions, you can successfully navigate the open mainnet era.

Pi Network’s further development is closely watched globally. We strongly recommend keeping abreast of official announcements and Pi Core Team updates.

1 Based on user numbers announced by the Pi Core Team. Verification of the definition and accuracy of active users is difficult.

2 Information discussed in some communities and reports, but not confirmed by official Pi Network announcements or blockchain explorers.

3 Same as above.

4 OKX’s reported “listing” of Pi Network does not represent an official mainnet listing; rather, it’s speculated that some exchanges initiated unofficial trading (IOUs) based on expectations surrounding Pi’s future. Pi Network remains on a closed mainnet (as of March 2024), with no official trading on external exchanges.

Will Pi Network Launch Open Mainnet on June 28, 2025? An Objective Look at the Founder’s Announcement and 5 Key Takeaways

Introduction: Why Pi Network is Gaining Attention Again

Pi Network, a cryptocurrency project long awaited by many participants dubbed ‘Pioneers,’ has recently seen a surge in global anticipation. This follows a statement from one of its co-founders, fueling speculation that the Open Mainnet might finally launch on June 28, 2025.

Why is this announcement significant now? This article delves into the core of the statement, objectively analyzing the five plans indicated by the project. We aim to clarify the ‘present’ and ‘future’ of Pi Network in an easily understandable way.

What is Pi Network, Anyway?

To understand this news, let’s first briefly review what Pi Network is.

Pi Network is a cryptocurrency project launched in 2019 by Stanford University graduates Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. Its most distinctive feature is that it allows users to easily participate in mining (the process of acquiring new coins) through a smartphone app, without the need for high-performance equipment. This accessibility has attracted many participants, but until now, the network has remained in a ‘closed mainnet’ phase, isolated from external blockchains.

The Core: What Will Happen on ‘Pi Day,’ June 28, 2025?

The origin of the buzz was a hint from co-founder Dr. Chengdiao Fan, suggesting that ‘something big will happen on Pi Day, June 28, 2025.’ This date could potentially be a decisive turning point for the project.

The community’s highest expectation is the transition to an ‘Open Mainnet.’ This is an extremely crucial step for Pi Network to advance to its next stage.

【What is an Open Mainnet?】
In short, it means ‘transitioning from a closed testing environment to a public, open production environment accessible to anyone.’ Currently, coin transactions can only occur within the Pi Network. However, an Open Mainnet would open the way for trading Pi on external cryptocurrency exchanges and allow developers to freely build applications (DApps) on the Pi blockchain.

However, it’s important to note that there has been no official confirmation from Pi Network that the Open Mainnet will launch on June 28, 2025. June 28 is an annual community event day known as ‘Pi2Day,’ and the current situation is that anticipation for some significant announcement on this day is high.

The Founder’s ‘Five Major Transformations’: Key Points of the Plan Explained

This announcement hinted at five significant plans associated with the Open Mainnet transition. Each of these is a crucial factor in forecasting Pi Network’s future.

1. Tens of Millions of Pioneers: The Power of a Vast Community

The project claims to have a massive user community (Pioneers) numbering over tens of millions worldwide. This ‘network effect’ is one of the most important assets for increasing the value of a currency or service. On the other hand, there are reports that the actual number of users who have completed Know Your Customer (KYC) verification and migrated to the mainnet is more limited than the total user count publicly stated.

2. Full-Scale Launch of DApps and Nodes: Birth of a Unique Economic Ecosystem

The transition to an Open Mainnet signifies the full-scale operation of DApps (Decentralized Applications) and Nodes (computers supporting the network). This means the ‘foundation’ for various independent services—such as games, finance, and social media—to emerge on the Pi Network will be complete.

3. Integration with the Real Estate Sector: Ambition for Expanded Real-World Use

Particularly noteworthy is the plan for integration with the real estate sector. The concept of enabling real estate transactions using Pi Coin is highly ambitious, but if realized, it would significantly boost Pi’s practical utility.

4. Preparation for Listing on Major Exchanges: Towards Establishing Market Value

What many Pioneers eagerly await is the listing of Pi Coin on major cryptocurrency exchanges. If listed, Pi Coin would gain its first public market value, making it tradable by a wider audience.

5. Strengthening Global Community Cohesion

The project repeatedly emphasizes that the strength of a robust global community is essential for the success of these major transformations.

Objective Perspective: Pi Network’s Current Status and Future Outlook

While strong anticipation surrounds the project, it’s also crucial to calmly assess its current status. Pi Network has been under development for many years, with the community closely watching its progress.

According to information officially provided by Pi Network, the transition to an Open Mainnet requires clearing multiple conditions:

  1. Completion of technical, product, business, and legal preparations
  2. Achievement of network KYC (Know Your Customer), mainnet migration, and utility goals
  3. Stability of the external environment

While ambitious plans are presented, their realization hinges on meeting these stringent conditions.

Conclusion: Will Pi Network Be the ‘Next Crypto Revolution’?

The recent announcement by the founder suggests that Pi Network stands at a critical juncture for the project. There’s a strong possibility that ‘Pi Day,’ June 28, 2025, could become a historic day.

However, its true value depends on how concretely and steadily the announced plans are executed. The term ‘revolution’ only becomes a reality when accompanied by results.

To assess Pi Network’s future potential, it’s crucial to continuously pay attention to primary information officially released in the future, without being swayed by temporary hype. Furthermore, calmly examining what that information means from multiple perspectives and establishing your own criteria for judgment will be the most important stance when engaging with the future of the cryptocurrency world.

Pi Network: An Expert Analysis of its Current Status, Open Mainnet Migration, and True Value

Introduction: The “Hype” Versus “Reality” Surrounding Pi Network

The “Pi Network” has garnered significant attention for allowing users to obtain cryptocurrency with just a smartphone, forming a massive global community. As 2025 unfolds, its trajectory is entering a new phase.

On social media, seemingly miraculous success stories are circulating, such as an Indian farmer buying a smartwatch for his son with saved Pi, or someone acquiring a laptop using Pi. These tales have steadily amplified expectations for the project. Are these truly indicators that Pi Network has finally triggered a “digital revolution” with real-world value?

This article aims to explore what lies behind such fervent expectations, analyzing objective facts based on reliable sources without being swayed by mere rumors or speculation. Our goal is to provide a clear compass for accurately understanding Pi Network’s “now” and envisioning its future.

What Exactly is Pi Network?

To understand Pi Network’s current status, it’s crucial to first grasp its fundamental mechanism and purpose. Here, we will clearly explain its core concepts.

Concept: A Project Aiming for “Cryptocurrency Accessible to Everyone”

Pi Network was launched in 2019 by a team holding PhDs from Stanford University. Its primary vision is to create a decentralized digital currency that anyone in the world can easily participate in with just a smartphone, without requiring specialized knowledge or expensive equipment, unlike Bitcoin.

Mobile Mining Mechanism and Two Network Phases

When you hear “mobile mining,” you might imagine complex calculations that drain your battery. However, Pi Network’s mechanism is different. Unlike Bitcoin’s “Proof of Work” (proof by computation), it employs a unique algorithm based on trust relationships among users (rooted in the Stellar Consensus Protocol). This allows users to contribute to maintaining network security with simple actions, such as tapping a button on the app once a day, and receive Pi as a reward.

The project has progressed through two major phases:

  • Enclosed Mainnet: A “walled garden” network where Pi transactions are restricted to Pi Network’s applications and services. There is no connection to the external world.
  • Open Mainnet: The phase where the “walls” are removed, allowing Pi to connect with external blockchains and exchanges. This enables Pi to be exchanged for other cryptocurrencies or fiat currencies.

Fact Check: The Truth Behind the “Historic Update” in 2025

As 2025 began, Pi Network reached a significant milestone. Let’s examine the claims of a “historic update” circulating within the community, comparing them against objective facts based on official announcements and reliable sources.

Claim ①: Has the Open Mainnet Finally Launched? → Fact: Migration Has Begun, but Challenges Remain

Multiple sources report that Pi Network began its migration to the Open Mainnet around February 20, 2025. This marks the project’s most significant development, signifying that the technical gateway for Pi to break free from its enclosed ecosystem and connect with the external economy has opened. Consequently, Pi trading has commenced on some exchanges.

Claim ②: Is KYC 100% Complete? → Fact: Target Surpassed, but Not All Users Are Verified

KYC (Know Your Customer) is a crucial process for eliminating fraudulent accounts and maintaining network integrity. According to official information, over 18 million users have completed KYC, surpassing the initial target of 15 million. However, this does not mean all users have completed it; many are still awaiting the completion of their KYC process. Issues such as authentication delays and difficulties in completing the procedure remain significant challenges for the community.

Claim ③: Can Real-World Goods Be Purchased with Pi? → Fact: Primarily Limited to P2P Transactions

The claim that “you can buy things with Pi” is not entirely false. However, it’s essential to understand the true situation. Currently, there isn’t an official, large-scale marketplace like Amazon.

Transactions are primarily conducted in the following ways:

  • User-Initiated Marketplaces: Users buy and sell goods or services with Pi on applications developed within the Pi Network ecosystem, such as “PiChain Mall” and “Barter Mall.”
  • P2P (Peer-to-Peer) Transactions: Direct transactions between individuals or at a limited number of local stores that are experimentally implementing Pi payments.

Therefore, it’s an objective assessment to recognize that the project has not yet reached the stage where “anything can be freely purchased,” and transactions remain limited.

Item Official Status (As of June 2025) Community Expectations/Rumors
Open Mainnet Reported migration began around February 2025. Trading possible on some exchanges. Strong expectations of a “historic update” and “start of a revolution.”
KYC (Identity Verification) Over 18 million completed, meeting the target, but not all users are verified; many challenges remain. Increasing reports of completion, but also complaints from unverified users.
Physical Stores/Product Payments No official large-scale marketplace. Primarily user-to-user (P2P) transactions or usage in unofficial malls. Success stories like “buying a car with Pi” or “purchasing daily necessities” seen on social media.

Where Does Pi Network’s “Value” Originate?

What many people most want to know is, “Does Pi truly hold value?” We will delve into the mechanisms by which cryptocurrency value is formed and the ecosystem Pi Network aims to build.

The value of a cryptocurrency is not solely determined by price fluctuations. Its intrinsic value emerges from how “practical” its technology is and how widely it is “utilized” by people and services.

The source of Pi Network’s value can primarily be summarized by the following three elements:

  1. Realization of Open Mainnet Migration: This enabled Pi to connect with external economies for the first time, making it exchangeable with other cryptocurrencies or fiat currencies. This was an absolute prerequisite for Pi to transition from a “closed point system” to an “asset.”
  2. Utility and Ecosystem Development: The key to increasing value will be how many online stores accepting Pi payments and useful applications (DApps) built on Pi emerge in the future. Value is only created when there are attractive use cases that make people think, “I want to do this with Pi.”
  3. Massive Community and Network Effect: The existing active user base of tens of millions is Pi Network’s greatest strength. This immense user base can act as a powerful driving force, attracting new service developers and expanding the ecosystem.

Conclusion: Pi Network’s Future Outlook and Our Recommended Stance

Based on the analysis above, we will conclude on Pi Network’s current status and future.

Undeniably, Pi Network has taken a significant step by migrating to the Open Mainnet in 2025, entering a new stage of its grand social experiment. However, it has not yet reached the stage of a “completed digital revolution where anyone can buy anything,” as often circulated in background information. The project is still under development and faces numerous challenges.

Its future prospects depend on the following points:

  • Improved liquidity and trustworthiness through expanded listings on major cryptocurrency exchanges.
  • Expansion of practical applications and partner services that users genuinely want to use.
  • Smooth resolution of the remaining users’ KYC issues and the ability to encourage overall community participation.

The wisest stance for those interested in this project is to calmly follow official information without being misled by hype or rumors. We strongly recommend checking the latest updates on the official Pi Network app or blog. Engaging with primary sources and monitoring the project’s progress with your own judgment will be the most crucial approach to discerning its future value.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Pi Network Ecosystem Outlook: dApps, Nodes, and Community

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Information Alleged as the Source of the Rumor

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

Claimed Benefits of Integration: 3 Expected Changes

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

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

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

Fact Check: Objectively Verifying the Rumor’s Credibility

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

Are There Official Announcements from Chinese Banks or Government?

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

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

The Reality of “Car Transactions at GCV Price”?

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

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

China’s Strict Stance on Cryptocurrencies

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

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

Why is Pi Network Attracting Attention in China Now?

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

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

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

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

The Presence of a Huge User Community within China

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

Unignorable Risks and Project Challenges

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

Concerns of Being a “Pyramid Scheme”

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

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

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

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

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

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

Conclusion: Pi Network’s Current Status and Future Outlook

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

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

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

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

3 Key Points to Watch for in the Future

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

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

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

Article Summary and Next Steps

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

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

Pi Network ‘Complete Decentralization’ Rumors Explained In-Depth! Current Status and Future Potential?

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First Check! What Kind of Project is Pi Network?

Many of you have probably heard the name “Pi Network” but don’t know the details. In this section, we’ll gently review the basic points: what purpose Pi Network started with, and how it differs from other cryptocurrencies. Let’s grasp the unique features of Pi Network without getting into complicated things.

Pi Network’s Dream: Bringing “Cryptocurrency for Everyone” to the World

Pi Network is a project launched in 2019 by a team with PhDs from Stanford University. Its big goal is to create a cryptocurrency (digital currency) that is easily accessible and usable by everyone around the world. Early cryptocurrencies like Bitcoin were limited to a few people due to soaring prices and the need for specialized knowledge and expensive equipment for mining (the process of issuing new coins). Pi Network aims to lower these barriers and realize a world where more people can benefit from cryptocurrency.

A Currency Grown Steadily with Your Smartphone and the Community

One of the biggest features of Pi Network is that you can easily participate in mining using a smartphone app. No special equipment or expertise is required; the system allows you to earn “Pi” coins (currently in the testing phase) by tapping the app about once a day. This allows people who previously had no connection to cryptocurrency to easily join the community and support the project’s growth.

You might wonder, “Can I really get coins that easily?” Pi Network values user contribution and the building of a trust network, aiming to create value through the power of the community, not just distributing coins.

[Important] Pi Network Now: The Mainnet is Still in the “Preparation Period”

Here’s an important point. Pi Network is currently in the “Enclosed Mainnet” phase. This means that while the Pi blockchain itself is operational, it is not yet connected to external blockchains or exchanges and functions only within the Pi Network ecosystem. Think of it like a pre-opening period before the official launch.

The project’s ultimate goal is to transition to the “Open Mainnet”. When this is achieved, there is a possibility that Pi could be traded on exchanges like other cryptocurrencies and used in more services. However, the timing of this Open Mainnet transition is said to be decided after various conditions are met, such as the progress of KYC (identity verification) and the maturity of the ecosystem, and as of May 2025, a specific date has not yet been officially announced.

What is “Full Decentralization”? What Good Things Happen When It’s Achieved?

The term “full decentralization” might sound complicated. But don’t worry! Here, we’ll explain the potential specific benefits and changes that can be expected for Pi Network and us users when this “decentralization” is achieved, using familiar imagery.

What Does “Managed by Everyone” Mean? The Image of Decentralization

First, it might be easy to understand if you think of “decentralization” as the opposite of “centralization.” For example, traditional financial institutions like banks manage money and approve transactions through a central organization. This is a “centralized” model.

On the other hand, in a “decentralized” system, power is not concentrated in a specific manager or organization; instead, many computers (nodes) and people participating in the network cooperate to manage and verify information. Blockchain technology is a representative technology for achieving this decentralization. Pi Network is also based on this blockchain technology.

If you’re thinking, “I don’t quite understand…”, try imagining a company that is “not a company where one leader decides everything,” but rather “a company where all employees discuss and operate it.” The latter is closer to the idea of “decentralization.”

Increased Transparency, Leading to More Trust?

One of the benefits of a decentralized system is increased transparency. Transaction records on the blockchain, for example, can be verified by participants (although the content may be encrypted), making fraud and tampering very difficult. This is expected to increase the overall reliability of the system.

If Pi Network becomes more decentralized, its operation and transaction rules may become more open, making it easier for users to use the network with peace of mind.

A Future Where All Participants Decide the Rules?

In an ideal decentralized network, important decisions regarding the network’s future are aimed to be made not only by the central operating team but also by reflecting the opinions of community participants. Pi Network also places great importance on the user community called “Pioneers,” and there is a possibility that the mechanism of community governance (rule and operation) will be strengthened in the future.

“We can decide the future of the currency we use”… Doesn’t that sound exciting?

Rumors of Pi Network’s “Full Decentralization”… What are the Specifics and Current Status?

Now, let’s get to the main topic. Let’s look a little more closely at the rumors that Pi Network has achieved “full decentralization.” We will explain the technical points and plans that are particularly being discussed, comparing them with the information available as of May 2025.

Recently, information seems to be circulating on some social media and YouTube videos claiming that “Pi Network announced full decentralization at an event called Consensus 2025!” However, as of May 2025, no such official announcement has been confirmed on the official Pi Network website, official social media, or reliable major cryptocurrency news media. “Consensus” is a real major conference in the cryptocurrency industry, but there is no evidence at this time that Pi Network declared “full decentralization” there.

With this background in mind, let’s look at the points being discussed in the rumors.

Is the Unique Mechanism “IPOS” Really Amazing? [Rumors and Official Information]

In the rumors, it is sometimes said that Pi Network has achieved full decentralization through its unique consensus mechanism (a system for approving transactions and keeping the blockchain secure) called “IPOS (Improved Proof of Stake).” This IPOS is sometimes described as an improvement on the traditional Proof of Stake (a system where those who hold more coins are more likely to gain approval rights), making it more energy-efficient and easier for many people to participate.

Pi Network is indeed aiming for a unique consensus algorithm, and the concept is mentioned in its whitepaper and elsewhere. However, the name “IPOS,” its detailed technical specifications, and an official announcement that it has been “fully implemented and decentralization is complete” cannot be confirmed at this time. The project is under development, and while there is a possibility that such an excellent mechanism may be introduced in the future, the information at this stage is still in the realm of “expectation.”

Source Code Publicly Available for Anyone to Check? [Rumors and Official Information]

Also, information that “Pi Network has released its source code (the blueprint of the program), allowing anyone to verify its security” is sometimes cited as evidence of achieving decentralization. Open-sourcing is a very important step in increasing project transparency and encouraging community participation in development.

Pi Network is said to have indicated its intention to release the source code in the future, but official information confirming that the source code is fully released and freely auditable by anyone at this time cannot be confirmed.

You might feel uneasy and think, “Then what were those rumors about?” With new technology, especially projects that attract global attention, various information can spread ahead of time due to expectations and speculation. The important thing is to pause and think, “Is this official information?” and “Is this from a reliable source?” when you encounter such information.

Community Enthusiasm and Expectations (While Being Careful About Information Sources)

On the other hand, it is also true that the spread of such rumors is fueled by the enthusiasm of the Pi Network community and their strong expectations for the project. For the “Pioneers” who have been mining Pi and supporting the project’s growth for many years, “full decentralization” is a long-awaited major milestone.

On social media, there are many posts expressing joy at small project progress and discussing future expectations. There is no doubt that this community energy is one of the driving forces behind the project’s progress. However, due to this enthusiasm, there are cases where unconfirmed information and hopeful speculation spread as “facts,” so it is necessary to be careful about how you receive information.

What If Pi Network Achieves “Full Decentralization” and Becomes More Accessible? Expanding Future Scenarios

Although still in the rumor stage, if Pi Network truly achieves “full decentralization” and becomes used by many people in their daily lives… what kind of changes could occur in our lives and businesses? Here, we will introduce such future possibilities with exciting application examples. Of course, please read these as just “what if” scenarios, letting your imagination run wild.

Cheaper Remittances and New Financial Services (DeFi) Becoming More Accessible?

Cryptocurrencies utilizing blockchain technology have the potential to significantly reduce fees for international remittances and other transactions because they allow direct peer-to-peer transfers without intermediaries like banks. If Pi Network becomes widely adopted, it might be used as a more convenient and cheaper remittance method.

Also, financial services called “DeFi (Decentralized Finance),” which can be used without relying on specific companies or organizations (such as lending, borrowing, and earning yield), might be deployed on the Pi Network platform. This could potentially allow people who previously could not have bank accounts to access financial services.

Payments in Stores and Peer-to-Peer Transactions with Pi? The Birth of a New Economic Sphere

If Pi Network transitions to the Open Mainnet and its value is stably recognized by the market, a future where Pi can be used for daily shopping and service payments is conceivable. Already, there are movements in some regions and communities attempting to buy and sell goods using Pi (P2P transactions).

If this spreads globally, a unique economic sphere centered around Pi might emerge, creating new business opportunities.

Integration with “Web3” Services Where You Manage and Utilize Your Own Data?

In recent years, “Web3” (Web Three), a new form of the internet that aims to allow users to manage their own data and be freed from data monopolization by platform companies, has been attracting attention. Decentralized projects like Pi Network are said to have high affinity with the philosophy of Web3.

In the future, new types of social media and online services might appear that allow you to securely manage personal data or earn rewards based on your contributions using your Pi Network ID and wallet (wallet function).

How was it? You might be skeptical and think, “Will such a future really come?” but technological progress can sometimes be realized at a speed that exceeds our imagination. The important thing is to believe in the possibilities while calmly observing the current situation.

[Must Check!] Points to Note and Future Challenges When Engaging with Pi Network

While Pi Network holds great potential, new technologies and projects come with not only expectations but also points to be aware of and hurdles to overcome. Here, we have organized important points to keep in mind when watching the future of Pi Network.

Most Important! Develop the Ability to Distinguish Between “Official Information” and “Rumors or Personal Opinions”

As repeatedly mentioned in this article, information regarding Pi Network is mixed. Especially on social media, personal hopeful speculation, incorrect information, and sometimes malicious rumors can spread. When you hear something appealing, make it a habit to check “Where is that information coming from?” and “Is the same thing being said on the official Pi Network website or official social media?” Do not act in haste, and it is very important to identify reliable sources of information.

Project Progress is Unknown, a Long-Term Perspective is Needed

Pi Network is a long-term project with ambitious goals. The transition to the Open Mainnet and the subsequent development of the ecosystem will require a lot of time and effort. Even if significant results are not achieved immediately, it is important to have a stance of watching the project’s progress with a long-term perspective without rushing. Be wary of sweet words like “The value will be X times higher tomorrow!” and calmly grasp the situation.

Be Conscious of Protecting Your Own Assets and Information

In the world of cryptocurrency, it is fundamental to manage your own assets (coins) and personal information (passwords, private keys, etc.) responsibly. When using Pi Network, take proper security measures for your account and never give your password or other information to others if asked. Also, basic internet literacy, such as not accessing suspicious apps or websites, is important.

Hurdles for Wide Social Acceptance (Laws, Usability, etc.)

For Pi Network to truly become a “currency usable by everyone,” it needs to overcome not only technical challenges but also comply with laws and regulations in each country, and above all, be a service that is “easy to understand and use” for the general public. Overcoming these hurdles requires not only the efforts of the project team but also the cooperation of the community and the understanding of society as a whole.

It is natural for various challenges to arise in the process of new technology permeating society. We will be watching how Pi Network addresses and solves these challenges.

Summary: Look Forward to Pi Network’s Future While Continuing to Gather Correct Information!

This time, we looked together at everything from the rumors about Pi Network’s “full decentralization” to the project’s current status and future possibilities. The vision of Pi Network aiming for “cryptocurrency accessible to everyone” is very attractive, and it is understandable that many people have expectations.

However, on the other hand, the project is still under development, and the realization of the transition to the Open Mainnet and “full decentralization” is still in the future according to official information as of May 2025. While we have expectations for Pi Network’s grand goals, it is important for us to always follow accurate information based on official announcements and maintain a calm perspective.

“Maybe it will become the norm in the future…” With that feeling of excitement about the possibilities of new technology, and the calm feeling of “But there are still many unknowns, so let’s gather information carefully.” Let’s maintain this balance and watch the future developments of Pi Network.

Next Step: For Those Who Want to Know More About Pi Network

After reading this article, some of you may feel, “I want to know more about Pi Network!” or “I want to check the official information myself!” For you, we will introduce hints for finding reliable information sources and actions you should take next.

Check the Official Pi Network Website and Official Social Media

The most reliable information is, after all, the official information disseminated by the Pi Network project team. Make it a habit to regularly check the official website and official social media accounts (such as X (formerly Twitter)) for the latest announcements and blog posts.

  • Pi Network Official Website: (Usually `minepi.com` is the official website. Please check the URL carefully when accessing)
  • Pi Network Official X (Twitter) Account: (Check the official account name and follow it)

(The URLs above are general examples, and please search for the actual official website yourself using a search engine, etc., before accessing.)

Also Refer to Reliable Cryptocurrency News Sites

Major cryptocurrency news media may also report on important updates regarding Pi Network. However, the quality and neutrality of information may vary depending on the news site, so it is important to compare and consider multiple sources.

Joining the Community is Also an Option (But Carefully Evaluate Information)

Pi Network has a large user community worldwide. Participating in online forums or social media groups and exchanging information with other users is one way to deepen your understanding of the project. However, information within the community is often just personal opinions and experiences, and may include unconfirmed or incorrect information, so do not take all information at face value, and always cross-reference it with official information.

We hope this article helps you understand the interesting project called Pi Network more deeply and correctly. Encountering new technology will surely provide wonderful stimulation for thinking about our future.

6 power, and above all, the element of “time” holds the potential to gradually turn that grand dream into reality.

We would be delighted if this article helps you understand this new technology trend called Pi Network more deeply and maintain a balanced perspective between expectations and realistic views regarding its future. Without rushing, let’s patiently watch the fate of this unique project together.

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

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

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

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

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

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

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

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

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

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

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

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

The Path “Until Pi Network Truly Gains Value”

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

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

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

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

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

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

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

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

High-Quality DApp Development Requires Years

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

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

A Timeframe of “2.5 to 5 Years”

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

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

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

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

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

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

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

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

True Value is Created by Being “Used”

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

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

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

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

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

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

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

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

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

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

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

Next Step: Continue Gathering Information

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

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

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

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

Pi Network’s Open Mainnet Launch and E-commerce DApps Rollout

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Pi Network, which is attracting attention in the world of cryptocurrency, officially launched its Open Mainnet on February 20, 2025, and is expanding its e-commerce related DApps (Decentralized Applications). This article provides a detailed explanation of Pi Network, from its basic concepts to its latest developments.

What is Pi Network? A Next-Generation Cryptocurrency Project You Can Join with Your Smartphone

Pi Network is a cryptocurrency project founded in 2019 by researchers from Stanford University. A major difference from typical cryptocurrencies is that it does not require dedicated, expensive mining equipment; anyone can easily participate in “mining” through a smartphone app.

Founders Dr. Nicolas Kokkalis, Dr. Chengdiao Fan, and Vincent McPhillip launched this project to solve the problems faced by existing cryptocurrencies like Bitcoin—high energy consumption, the need for specialized knowledge, and high barriers to entry.

“Pi Network’s mission is to enable everyday users to participate in the cryptocurrency ecosystem. We are building a more inclusive and sustainable model where everyone can enjoy the benefits of digital currency.” —Pi Network Team

Innovative Mining Mechanism: An Environmentally Friendly Approach

Pi Network adopts a unique consensus algorithm different from the traditional “Proof-of-Work (PoW)”. This system is a variation of the “Stellar Consensus Protocol (SCP)” and has the following characteristics:

  • Extremely low power consumption
  • Minimal impact on smartphone battery and data usage
  • Security model based on trust relationships
  • “Mining” is possible by launching the app once a day

Through this approach, Pi Network is promoting the democratization of cryptocurrency while minimizing environmental impact. Users are called “Pioneers” and contribute to the network’s growth and security through a referral system.

Open Mainnet Launch: A Significant Milestone

The development of Pi Network has progressed in stages, and the “Open Mainnet” was officially launched on February 20, 2025. Currently, feature expansion is underway in this new phase. Previously, it was in the Testnet and Closed Mainnet phases, where actual value exchange was restricted. With the launch of the Open Mainnet, the following became possible:

  • Official trading and transfer of Pi coins
  • Full implementation of wallet-to-wallet transfer functionality
  • Development of third-party applications and expansion of the ecosystem
  • Exchange for actual goods and services

This transition is being carried out carefully, requiring completion of the KYC (Know Your Customer) process and adherence to community guidelines to ensure network safety and security.

KYC Process and Current Status of Migration

In the transition to the Mainnet, the KYC (Know Your Customer) process has been implemented to prevent fraudulent use and ensure the network’s health. The initial deadline was November 30, 2024, which was later extended to January 31, 2025. Although these deadlines have passed, users who have not completed KYC are being provided with individual grace period timers.

Prior to the Open Mainnet launch, accounts of users who completed KYC were sequentially migrated to the Mainnet. As of February 10, 2025, 10 million users had completed the Mainnet migration, which became a crucial condition for the Open Mainnet launch.

Development of E-commerce Related DApps: Aiming for Improved Practicality

A particularly noteworthy recent development in Pi Network is the development of e-commerce related DApps (Decentralized Applications). These applications will form the foundation for trading actual goods and services within the Pi Network ecosystem.

Pi Network has currently released 20 Mainnet-compatible apps out of a target of 100, which can be accessed directly from the Pi Browser. These apps cover various fields such as service provision, games, and e-commerce.

Pi Chain Mall (PCM): A Major E-commerce Platform

Pi Chain Mall (PCM) is a representative e-commerce platform within Pi Network. It is one of the largest decentralized applications (DApps) within the Pi network, providing a place where global users can buy and sell various goods and services using Pi tokens as a medium of exchange. PCM was a project that won the first Pi Network Hackathon held in October 2021.

Features of Pi Network E-commerce Platforms

E-commerce platforms under development and in operation have the following characteristics:

  • P2P Transactions: Direct transactions between users, eliminating the need for intermediaries
  • Low Fees: Significantly lower transaction fees compared to traditional e-commerce platforms
  • Transparency through Blockchain Technology: All transactions are recorded on a public ledger and verifiable
  • Smart Contracts: Escrow services and secure transactions through automatically executing contracts
  • Global Access: Available even to users without bank accounts or traditional financial services

Through these features, Pi Network aims to be a practical digital currency ecosystem usable for actual economic activities, not just a speculative cryptocurrency.

Developer Ecosystem and API

Pi Network is promoting ecosystem expansion by providing APIs and toolkits for third-party developers. This allows independent developers and businesses to build their own applications and leverage Pi Network’s infrastructure.

The growth of the developer ecosystem is a crucial factor in increasing Pi Network’s practicality and adoption rate. As applications specialized for various uses are developed, the value for users also increases.

Community Engagement: Pi Network’s Core Value

One of the notable features of Pi Network is its strong community engagement. Currently, tens of millions of users worldwide are participating in the network as “Pioneers,” and this number is growing daily.

The community is not only participating in mining but also actively involved in discussions about the project’s direction and feature development. The Pi Network development team regularly conducts surveys and gathers opinions, evolving the project based on user feedback.

Education and Awareness Activities

Pi Network is also focused on spreading knowledge about cryptocurrency. Educational content is available within the app, allowing users without technical knowledge to gradually deepen their understanding of blockchain technology and basic cryptocurrency concepts.

This educational approach aligns with the mission of popularizing cryptocurrency and has the effect of lowering barriers for more people to participate in the digital economy.

Relationships with Major Companies and Future Outlook

Various rumors circulate regarding partnerships with major companies, but information such as “Alibaba investing 5 trillion dollars in Pi Network” lacks official confirmation and should be judged cautiously.

In the future, if officially confirmed corporate partnerships are established, Pi Network’s credibility and recognition could significantly improve, leading to broader adoption.

Regulatory Environment and Challenges

One of the challenges Pi Network faces is adapting to cryptocurrency regulations in various countries around the world. Regulatory approaches to cryptocurrency vary greatly by country and region, making adaptation to these regulatory environments a significant challenge for Pi Network, which aims for global expansion.

Furthermore, like other cryptocurrency projects, addressing security risks and ensuring scalability are ongoing challenges.

Caution Regarding Fake Pi Coins

As a point of caution, there have been reports of fake Pi coins being traded on some exchanges. To identify genuine Pi coins, it is important to use only exchanges certified on the official Pi Network website and to check official announcements from reputable exchanges (such as Binance or Coinbase). Be especially wary of coins showing unnatural price fluctuations.

Summary: The New Era of Cryptocurrency Pi Network Aims For

Pi Network is an ambitious project aiming for the democratization and practical improvement of cryptocurrency. Its high accessibility via smartphones, environmentally friendly mining mechanism, and development of e-commerce applications usable for actual economic activities demonstrate new possibilities for cryptocurrency.

The Open Mainnet launch on February 20, 2025, is a significant milestone for the project. Having achieved the target of 10 million Mainnet migrations, the actual value and usage scenarios of Pi Network are becoming clear.

While the cryptocurrency industry is rapidly changing, Pi Network is contributing to building a more inclusive and accessible digital economy with its unique approach. Future developments and efforts towards practical implementation will continue to attract attention.

Ecosystem Growth and Future Outlook

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Pi Network is an innovative platform that enables cryptocurrency mining using smartphones. It does not require special hardware and adopts a consensus algorithm based on Stellar’s Federated Byzantine Agreement (FBA), which is energy-efficient and approves transactions based on trust.

How Pi Network Works and Features

It offers a simple process where users can mine by simply pressing a button within the app. This model has less environmental impact than traditional mining and is accessible to many users.

Furthermore, there are roles such as ‘Pioneer’, ‘Contributor’, ‘Ambassador’, and ‘Node’, each contributing to network growth.

Ecosystem Value Creation

Pi Network creates value within the ecosystem through the following initiatives:

  • Consensus Formation: Value agreed upon by users is used as the standard for token transactions.
  • External Collaboration: Expansion of token adoption through cooperation with external companies and stores.
  • dApps Development: Improvement of practicality through the introduction of decentralized applications.

Challenges and Solutions

Currently, the low value of Pi tokens is due to the following factors:

  • Unauthorized Trading: Trading on unofficial DEXs hinders network goals.
  • Market Pressure: Selling behavior by long-term holders also has an impact.

To address these, the following are recommended:

  • Use of Official Exchanges: Only use approved platforms such as OKX and Gate.io.
  • Promote dApps Development: Improve practicality through ecosystem expansion.

Future Outlook

Following the successful launch of the Open Mainnet, Pi Network is focusing on the integration of dApps and the introduction of PiBridge. This is expected to increase token demand, expand the network, provide new services, strengthen the community, and improve interoperability with other blockchains.

Summary

Pi Network is gaining attention for its innovative technology and community-driven model. Moving forward, ecosystem growth and community activity will be key, and its success will be realized through cooperation with users worldwide.

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

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

What Happened on Pi Network?

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

The administrator’s Pink Pi also moved to Yellow.

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

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

Understanding the Pi Network Color-Coding System

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

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

Significance of March 14 (Pi Day)

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

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

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

PiFest and Future Developments

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

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

Uniqueness and Features of Pi Network

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

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

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

Transition to Open Mainnet

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

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

Impact and Outlook for Pi Network

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

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

Summary

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

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

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