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Why Isn’t Pi Coin Rising? 5 Challenges Facing Pi Network Amidst Bitcoin’s Surge

In 2025, the cryptocurrency market is regaining vitality, with Bitcoin showing robust movement, buoyed by factors such as the proliferation of spot ETFs. However, has this wave reached the Pi Network, which boasts one of the world’s largest communities? This article delves into five structural challenges faced by Pi Network, which answer the common question, “Why isn’t Pi’s price increasing?” We will explore these challenges with objective data.

### Challenge 1: The “IOU Price” Dilemma – Disconnected from the Market

Many users are most concerned about the “price” of Pi, but the figures currently displayed on some exchanges do not reflect the actual value of Pi Coin. These are “IOUs (I Owe You),” which are essentially promissory notes, where the “right to exchange for real Pi coins in the future” is traded speculatively. While this IOU price can indicate market expectations, it is decoupled from the project’s intrinsic value. Therefore, it does not directly correlate with the price increases of other cryptocurrencies like Bitcoin. Unawareness of this fact can lead users to feel left out of the broader market movement.

### Challenge 2: The Barrier of a “Closed Mainnet” – Isolated from the Outside

The primary reason Pi Network has not been listed on exchanges is its current “Closed Mainnet” phase. This means the network is confined within the Pi ecosystem, preventing free movement of coins to and from external blockchains or exchanges. Major exchanges like Binance do not list projects that cannot ensure asset security or liquidity. Until this “wall” is overcome and Pi transitions to an “Open Mainnet” accessible to everyone, it cannot acquire significant market value.

### Challenge 3: “Immature Ecosystem” – Lack of Proven Utility

The true value of a cryptocurrency is determined not by speculative price but by its utility – “what it can be used for.” Pi Network aims to expand its ecosystem of usable applications (dApps) and has set a goal of deploying 100 dApps. However, as of 2025, no killer app has emerged that strongly attracts many users, and the specific use cases for Pi Coin remain limited. The lack of clear answers to questions like “What can I buy with Pi?” or “What useful services can I access?” is a major factor in the project’s stagnating value.

### Challenge 4: “Expectation vs. Reality Gap” in a Massive Community

The Pi Network’s greatest asset is its massive community, reportedly tens of millions strong worldwide. However, due to its sheer size, a significant gap has emerged between user expectations and project progress. The impatience and frustration among users who have been mining for years, asking “When can I cash out?” are frequently seen within the community. As long as there is a discrepancy between the grand vision presented by the project team and the concrete benefits users seek in their daily lives, there is a risk of the community’s enthusiasm gradually diminishing.

### Challenge 5: Project “Progress Opacity” and Trust Issues

Many users feel a lack of transparency regarding the core team’s activities and the roadmap. The absence of clear conditions or specific timelines for the Open Mainnet transition often makes users wonder if the project is genuinely progressing. Delays in KYC (Know Your Customer) verification and reports of technical issues in the migration process also contribute to eroding trust. While regulatory compliance and security are important, insufficient visibility into progress breeds skepticism about the project.

### Conclusion: Observing a Grand Experiment with an Objective View

Pi Network appears to be left behind by the overall market surge, but this is due to five clear, structural challenges: the unique nature of IOU trading, the technical constraint of a closed mainnet, an immature ecosystem, the gap between community expectations and reality, and the opacity of project progress.

This project, which began with the ease of “mining on your phone,” has grown into a grand social experiment involving tens of millions of participants worldwide. However, its success is far from guaranteed. It is now imperative for each user to correctly understand the current challenges, avoid being swayed by excessive expectations or anxieties, and calmly observe the future of this project, making their own informed decisions.

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.

Is Pi Network’s ‘$314,159 per Pi’ (GCV) Claim Real? A Deep Dive into Market Reality and Future Prospects

Pi Network has built a massive global community due to the ease with which users can ‘mine’ via their smartphones. Within this community, a grand vision is now being passionately debated: the astonishing value target of ‘$314,159 per Pi’, commonly known as ‘GCV’.

Is this number truly a feasible future, or is it merely a fantasy born of hope? This article delves into the core of the GCV debate surrounding Pi Network, objectively unraveling its value and future from the perspective of data and market realities.

What exactly are Pi Network and GCV (Global Consensus Value)?

In this section, we will explain the basic concepts of Pi Network and GCV, which are the prerequisites for this discussion. Let’s understand the background that gives rise to such debates.

The Basic Concept of ‘Pi Network’ – Mining with a Smartphone

Pi Network is a cryptocurrency project initiated by a team holding PhDs from Stanford University. Its biggest feature is that anyone can easily participate in ‘mining’ through a smartphone app, without requiring expensive specialized equipment or significant electricity. This accessibility has been the driving force behind building a user base of tens of millions worldwide.

However, it is crucial to note that Pi Network is currently in a ‘closed mainnet’ phase. This means that free trading on external, general cryptocurrency exchanges is not permitted; usage is only allowed within Pi’s enclosed blockchain ecosystem.

‘1 Pi = $314,159’ – The Origin of GCV and Community Enthusiasm

GCV (Global Consensus Value), as its name suggests, refers to a ‘global consensus value’ and is an unofficial target price advocated by a part of the Pi Network community. Specifically, a value of $314,159 per Pi Coin has been set.

This seemingly outlandish number comes from the mathematical constant ‘Pi (π ≈ 3.14159…)’, which is also the origin of the project’s name. In other words, GCV is not based on economic analysis but rather is a ‘catchphrase’ born from the community’s passion for the project’s success and serving as its symbol.

Why are Experts Skeptical of GCV? – 3 Perspectives from Market Reality

While community enthusiasm is commendable, many economic and market experts view the feasibility of GCV with skepticism. In this section, we will analyze the specific reasons from three perspectives.

Perspective 1: The Market Cap Hurdle – An ‘Impossible’ Figure Exceeding Global GDP

One indicator used to measure the value of a cryptocurrency is ‘market capitalization’, calculated as ‘currency price × circulating supply’. Pi Network’s maximum supply is stated as 100 billion Pi. Let’s assume GCV were to be realized and calculate the market capitalization:

$314,159 (GCV Price) × 100,000,000,000 (Max Supply) = Approx. $31.4 Trillion

To grasp just how enormous $31.4 trillion (over 30 quadrillion dollars) is, a comparison with other economic indicators makes it clear:

  • Total Global Annual GDP (2025 forecast): Approx. $113 Trillion
  • Total Cryptocurrency Market Cap (as of May 2025): Approx. $2.7 Trillion to $3.1 Trillion

This means that Pi Network alone would account for roughly 1/4 of the wealth generated globally and would be more than 10 times the size of the entire current cryptocurrency market. This is an extremely unlikely scenario from an economic reality standpoint.

Perspective 2: ‘IOU Trading’ Shows a Sober Market Valuation

Some might say, “But I’ve seen Pi being traded on some exchanges.” However, these are not actual Pi Coins but rather what are called ‘IOUs (I Owe You)’.

An IOU is like a promissory note: “We will deliver real Pi Coins when the open mainnet is launched in the future.” The current IOU prices on several exchanges are trading at less than $1, a stark contrast to the $314,159 dreamed of by the community. This can be considered a more sober valuation placed on Pi by current market participants.

Perspective 3: Discrepancy with Pi Core Team’s Official Stance

Most importantly, GCV is merely a goal put forth by a segment of the community, and it has not been set by the Pi Network’s developers, the Core Team. The Core Team has consistently stated that “the value of Pi will be determined by market supply and demand once it transitions to the open mainnet.” There is a clear divergence between the project’s official policy and the enthusiasm of a portion of its community.

Where Does Value Originate? – Thinking Through a Comparison with Bitcoin

This section explores how value in digital assets is created by comparing Pi Network with Bitcoin, which is already recognized in the market.

Bitcoin: Over a Decade of History and Proven Track Record

As the world’s first cryptocurrency, Bitcoin has overcome many technical and social challenges over more than a decade of history. Its transparent decentralized mechanism and the reliability that it cannot be tampered with have gradually built its foundation of value.

Trust and Utility Create Value

Ultimately, for any asset, its value stems from ‘trust’ and ‘utility’. Stable value is only formed when many people believe in its worth and it has concrete uses, such as for payment of goods and services. For Pi Network to have value in the future, the key will be not just the size of its community, but whether it can build reliable technology and an appealing ecosystem of services that people want to use.

Conclusion: The True Value of Pi Network Lies in the ‘Experiment’ Itself

Summarizing the analysis so far, it must be said that the possibility of ‘1 Pi = $314,159’ (GCV) being realized in the near future is, objectively speaking, extremely low.

However, concluding that Pi Network is worthless would be premature. The existence of this massive community, with tens of millions of participants, is an unprecedented social experiment, and its energy is immeasurable. GCV can be seen as a ‘dream’ symbolizing that energy.

The true value of Pi Network lies not in the magnitude of a number, but in what kind of practical ecosystem it can build and what convenience it can bring to the lives of people worldwide. The outcome of that challenge is the true source of value we should be observing.

For Further Learning

If you’ve deepened your understanding of Pi Network’s current status and challenges after reading this article, we recommend accessing primary sources. By reading the whitepaper published on their official website and following official announcements, you can gain a deeper and more accurate understanding of the project’s developments. It is always important to verify multiple sources and form your own judgment.

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

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

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

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

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

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

Current Status of IOU Price and Ranking [Fact Check]

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

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

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

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

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

Prevalent Pi-Targeted Scams in Reality

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

Three Checkpoints to Identify the Genuine ‘Pi Wallet’

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

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

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

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

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

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

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

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

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

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

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

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

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

Understanding Your Asset Breakdown: Three Types of Balances in Pi

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

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

Conclusion: Future Expectations and What You Should Do Now

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

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

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

What is Pi Booster? An Objective, In-depth Guide to This DApp for Paying Mobile Bills with Pi Coin – Mechanics, Usage, and Safety

Introduction: Is Pi Coin Moving from “Speculation” to “Practical Utility”?

“Pi Network,” which has garnered global attention for allowing easy mining on smartphones, poses a fundamental question for many of its participants, the “Pioneers”: “When and how will this Pi Coin become usable?”

Currently, Pi Network is in a “closed mainnet” phase, isolated from external exchanges, and its value is not yet finalized. However, within this closed ecosystem, there’s a surge of activity demonstrating concrete uses for Pi Coin—its “practical utility.”

This article focuses on “Pi Booster,” a DApp (decentralized application) that has become a hot topic in the community for allegedly allowing users to pay mobile bills with Pi Coin. We will thoroughly analyze and explain its mechanics, usage, and, most importantly, its safety from an objective viewpoint, devoid of promotional information.

Overview of the Popular DApp “Pi Booster”

First, let’s examine Pi Booster’s core functions and features to understand what kind of service it is and why it has attracted so much attention within the Pi Network community.

What is Pi Booster?

Pi Booster is one of the “decentralized applications (DApps)” that operates on the Pi Network blockchain. To give a familiar example, think of a DApp as an app that runs on a smartphone OS (like iOS or Android). Pi Booster provides a specific function—”mobile bill payment”—on the Pi Network platform.

Its main purpose is to enable users to directly use their held Pi Coins to pay for mobile phone communication charges (data plans and call credits) without first converting them into fiat currencies like Japanese Yen or US Dollars.

3 Claimed Main Features

Pi Booster claims the following three main advantages as reasons for its support:

  1. Fast and Low-Cost Transactions: Since it bypasses traditional banking systems and payment gateways, transaction fees are said to be low, and processing is fast. This leverages the inherent benefits of blockchain technology.
  2. Global Coverage: It claims to support many countries worldwide, including Africa, Asia (reportedly Indonesia), and Latin America, and a variety of mobile carriers. This holds the potential to facilitate cross-border remittances and payments.
  3. Simple Operability: It is designed with a user-friendly interface to be intuitive even for users unfamiliar with cryptocurrency transactions.

【Important】Objective Fact-Check and Safety of Pi Booster

While attractive features are touted, especially in the world of cryptocurrency, it is critically important to calmly assess the reliability and safety of such information. Here, we objectively verify Pi Booster’s standing and essential precautions users must be aware of.

Pi Booster is Not an Official App

The most crucial fact is that Pi Booster is not an official application developed or provided by the “Pi Core Team,” the developers of Pi Network. It is a third-party DApp, developed by volunteers in the community or external companies.

The Pi Network ecosystem aims to be an “open platform” where anyone can develop DApps. Thus, the emergence of apps like Pi Booster itself can be seen as a positive sign of ecosystem growth. However, the fact that it is “not official” is a fundamental premise for evaluating its safety and trustworthiness.

Security and Usage Precautions

When using third-party DApps, always keep the following points in mind:

  • Wallet Connection Risks: To use a DApp, you need to connect your Pi wallet and approve transactions. Connecting your wallet to a DApp whose reliability hasn’t been sufficiently verified carries the risk of losing your cryptocurrency.
  • Principle of Self-Responsibility: If any trouble (e.g., mistaken transfer, service discontinuation) occurs due to the use of a third-party DApp, the responsibility generally lies with the user. The Pi Core Team will not provide compensation.
  • Thorough Information Gathering: Before considering use, it is essential to thoroughly research official websites and community reputations to determine trustworthiness.

In conclusion, when using Pi Booster, you must fully understand these risks and proceed entirely at your own responsibility. If you are unsure, it is wise to try small test transfers or refrain from using it until its reliability is more firmly established.

Specific Usage of Pi Booster (5 Steps)

For those who understand the above risks and still wish to try Pi Booster, here are the generally reported usage steps in 5 stages:

  1. Access via Pi Browser: Open “Pi Browser” from the official Pi Network app and enter the DApp’s URL to access Pi Booster.
  2. Select Country and Mobile Carrier: Choose the country where you want to use the service and your mobile carrier from the list.
  3. Enter Phone Number and Plan: Input the mobile phone number you wish to charge and the data plan or amount you want to purchase.
  4. Approve Payment with Pi Wallet: Confirm the payment details and approve the transaction with your Pi Wallet. This will require entering your passphrase.
  5. Confirm Transaction Completion: Once the transaction is approved on the blockchain, processing is said to be completed within seconds to minutes, and the balance should be reflected on your mobile phone.

The Significance of Pi Booster for the Pi Network Ecosystem

What does the emergence of a single DApp mean for the future of the entire Pi Network? Let’s consider its impact from a broader perspective.

As a Litmus Test for “Practical Value”

If services like Pi Booster function stably in many countries and are accepted by users, it would be a significant case demonstrating that Pi Coin is not merely a speculative asset but possesses “practical value” that solves real-world problems. This can be considered a step towards realizing Pi Network’s vision of “cryptocurrency for everyday people.”

Ecosystem Maturity Towards Open Mainnet

Currently, Pi Network aims to transition to a future “open mainnet.” This refers to the stage where Pi Coin can be freely traded on external cryptocurrency exchanges, a crucial turning point that will determine the project’s success.

For the open mainnet to succeed, Pi Coin must be actively used within the Pi Network’s economic sphere (ecosystem) beforehand. A state where diverse DApps like Pi Booster emerge and many Pioneers utilize them is an indicator that the ecosystem is sufficiently mature, leading to increased overall project trustworthiness.

Conclusion: Future Possibilities and the Need for a Calm Perspective Now

This article has objectively delved into Pi Booster, the DApp that allows paying mobile bills with Pi Coin, from its functions to its safety.

Pi Booster is a very interesting entity, offering a glimpse into a future where Pi Coin could be more than just a speculative asset, but a tool useful in our daily lives. The emergence of such practical use cases is undoubtedly a positive factor for the development of the Pi Network ecosystem.

However, at the same time, we must recognize that it is a third-party application, not an official project, and its use requires careful judgment and self-responsibility.

The journey of Pi Network has just begun. Instead of being swayed by every piece of information, it is the attitude of a wise Pioneer to consistently refer to official announcements and reliable technical information, maintaining a balance between enthusiasm and calm, as we observe the fate of this grand project.

The Pi Ecosystem and Future Value Through the Pi Browser: A Comprehensive Guide

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“Pi Network, which is gaining attention worldwide as a way to easily mine on your smartphone. Are you also wondering, ‘What is the current price of Pi Coin, after all?’ or ‘Will it really gain value in the future?’ and are curious about its movements? This article provides a thorough explanation, easy for those without specialized knowledge, of the latest information regarding Pi Network’s ‘price’ as of 2025, how to peek into its ecosystem using Pi Browser, and the future value Pi Network aims for. Let’s explore the present and potential of Pi Network together!”

Pi Network’s Current “Price” Status: 3 Basic Things You Should Know First

Before looking at specific price information for Pi Coin, let’s cover the basic points about what stage Pi Network is currently in and how you should think about “price.” Understanding this is the first step to correctly interpreting information about Pi Network.

1. It’s Currently the “Enclosed Mainnet” Period – What Does That Mean?

Pi Network is currently in a phase called the “Enclosed Mainnet.” This means that while the Pi Network blockchain is operational, free connection with external blockchain networks and general cryptocurrency exchanges is intentionally restricted. You could compare it to a new city under construction, where entry is still restricted to those involved.

The main objectives of this period are as follows:

  • Promoting KYC (Know Your Customer) and preparing for the migration of mined Pi to the Mainnet: To verify that many users are genuine individuals, prevent fraud, and enable the safe transfer of previously mined Pi to Mainnet wallets.
  • Building and testing utilities (practical apps and services) within the Pi Network ecosystem: Developers are building various applications (DApps) on the Pi blockchain to increase the places where Pi Coin can actually be used.
  • Ensuring network stability and security: Thoroughly testing the overall system operation and fixing issues before full open access.

This Enclosed Mainnet period is positioned as an important preparatory phase for the “Open Mainnet” that Pi Network aims for in the future. As of May 2025, Pi Network is still in this Enclosed Mainnet period and has not transitioned to the Open Mainnet.

2. Pi Coin Does Not Yet Have an “Official Price” – What Are the Prices You See?

Because it is in the “Enclosed Mainnet” period, as of now (May 2025), Pi Coin does not have an “official price” widely agreed upon in the market, like Bitcoin or Ethereum. If you see information online stating “1 Pi Coin = $〇〇,” it is highly likely to be one of the following:

  • IOU (I Owe You) type trading prices on some unofficial exchanges: This involves buying and selling the right to exchange Pi Coin when it becomes actually tradable in the future. It is not officially recognized by the Pi Network team. Price fluctuations are volatile, and the risk is high.
  • “Reference prices” within specific marketplaces or apps in the Pi Network ecosystem: On some platforms accessible within the Pi Browser (discussed later), prices for goods and services may be listed in Pi Coin. However, these are merely experimental attempts within those platforms or based on local agreements between operators and participants, and do not represent the official value of the entire Pi Network.
  • Wishful thinking or target prices within the community (e.g., GCV): Some community members may propose specific prices as a wish or goal (“we want it to be worth this much”), but this is also different from an objective market price.

It is important to understand that these prices do not guarantee the actual value of Pi Network. True price formation is expected to begin in the future, after transitioning to the Open Mainnet and becoming freely tradable on many exchanges.

3. The Importance of KYC (Know Your Customer) – Why Is It Necessary?

In Pi Network, the KYC (Know Your Customer) process is highly emphasized. This is to verify that users are real individuals and are adhering to the principle of one account per person. Why is KYC so important?

  • Exclusion of fraudulent accounts and improvement of network reliability: Prevents unfair mining by bots or multiple accounts, enhancing the fairness and reliability of the entire Pi Network.
  • Compliance with laws and security assurance: In many countries and regions, KYC is legally required for financial services and cryptocurrency transactions, also serving the purpose of preventing fraudulent activities like money laundering.
  • Prerequisite for Pi migration to Mainnet: In principle, users must complete KYC to transfer the Pi Coin they have accumulated in the mining app to their usable wallet on the Mainnet.

While it might feel like a hassle, KYC is a crucial step for Pi Network to build a healthy ecosystem and for Pi Coin to become a trusted currency in the real world in the future.

What is Pi Browser? The Gateway to the Pi Network Ecosystem

To actually experience the world of Pi Network and explore its potential, the dedicated app called “Pi Browser” is essential. This is a mobile browser provided separately from the main Pi Network app, serving as a “gateway” to access various Pi services and applications (DApps) under development. Here, we will guide you through the basic role of Pi Browser and how to access information within the ecosystem, in a way that is easy for beginners to understand.

Let’s Install Pi Browser (Simple Steps)

Using Pi Browser is easy.

  1. First, open the Pi Network mining app on your smartphone.
  2. From the app’s menu (usually the three-line icon in the top left, etc.), select “Pi Browser” or a similar item.
  3. Follow the on-screen instructions to install the Pi Browser app from your smartphone’s app store (Google Play Store or Apple App Store).
  4. After installation, launch Pi Browser again from the Pi Network mining app, and it will automatically link with your Pi account.

Now you are ready to explore the Pi Network ecosystem!

What Can You Do with Pi Browser? The Expanding World of Pi Network

When you launch Pi Browser, several initial icons may be displayed, or you can enter URLs to access various websites. Specifically related to Pi Network, you can do the following with Pi Browser:

  • Access your Pi Wallet: You can access the wallet function to manage your Pi Coin. You can check your balance and send/receive Pi Coin to/from other Pioneers (Pi Network users) (after completing KYC and migrating Pi to Mainnet).
  • Use DApps (Decentralized Applications) within the Pi Network ecosystem: You can try out various applications being developed on the Pi Network blockchain. This includes marketplaces, games, social media, developer tools, and more.
  • Check for the latest information: Official announcements from the Pi Network Core Team and information about the ecosystem may also be provided through Pi Browser.
  • Participate in development (for developers): If you are an app developer, you can also access tools and information to develop and test DApps that run on the Pi platform.

Pi Browser is a manifestation of Pi Network’s intention to build an “economic zone (ecosystem)” where Pi Coin is actually used, rather than just being a mining app.

Explore with Pi Browser! The Reality of Marketplaces and “Reference Prices” within the Ecosystem

Now, let’s use Pi Browser to see how Pi Coin is handled within the Pi Network ecosystem, looking at examples of some places referred to as marketplaces and the “reference prices” seen there. Again, please note that the prices introduced here are merely those independently presented by each platform and do not represent the official value of Pi Network. This information should be viewed as a reference point for imagining the activity of the Pi Network community and the future use cases of Pi Coin.

Caution! The Prices Displayed Are Not the “Overall Market Consensus Price”

On marketplaces and e-commerce-like platforms you might find within Pi Browser, prices may be displayed in Pi Coin, such as “Product A is 〇〇 Pi” or “Service B is △△ Pi.” Seeing this and jumping to the conclusion, “This is the current value of Pi Coin!” is prohibited.

Many of these platforms are:

  • Likely projects by independent developers or community groups, not directly operated by the Pi Network Core Team.
  • Often still in the testing phase or experimental attempts, and the safety and continuity of transactions are not guaranteed.
  • The listed Pi prices are often based on local agreements or wishful thinking among the platform operators and participants, and do not reflect the overall market value of Pi Network.
  • Whether transactions are actively taking place and if there is sufficient liquidity varies greatly depending on the platform.

It is important to understand these points and calmly observe the information, viewing it merely as “one of the attempts within the Pi Network ecosystem.”

Case Watch: P Bartermall, Marketplace314159, UP Global Mall, etc. – What is Being Traded? What are the Price Trends?

The source information provided (YouTube video) mentioned platforms like P Bartermall, Marketplace314159 (Mall314159), and UP Global Mall. How actively these platforms are actually operating within Pi Browser, what kinds of goods and services are listed in Pi Coin, and the trends in their pricing can constantly change.

Generally, on such platforms, a wide variety of items may be listed, including daily necessities, digital content, services, or even just test listings. Pricing can also vary greatly, from very inexpensive items to those that, when converted to real fiat currency value, seem unrealistically high. This can be seen as a reflection of the fact that the value of Pi Coin is not yet established.

When using these platforms, please be aware of the following points:

  • Reliability of the operator: Check who is operating it and if there is any official connection with Pi Network.
  • Transaction safety: Be cautious when entering personal information or wallet details, and be careful not to get involved in fraudulent transactions.
  • Price appropriateness: Calmly judge whether the listed Pi price is significantly different from general market values.

These platforms can be seen as a reflection of the community’s enthusiasm in exploring ways to use Pi Coin, but it is important to understand that they are not yet established markets at this point.

What is GCV (Global Consensus Value)? The Truth and Reality of the 1 Pi = $314,159 Rumor

Within the Pi Network community, especially among enthusiastic supporters, the term GCV (Global Consensus Value) is frequently discussed. Among these, a specific numerical value of “1 Pi = $314,159” is sometimes spoken of as the GCV. This is a symbolic price setting based on the value of Pi (π ≈ 3.14159), and it has spread among some users as a movement or wish that “Pi Coin should have this much value in the future” or “Let’s form a consensus to trade Pi at this price.”

However, there are important points to understand about this GCV:

  • It is not a price set by Pi Network official: GCV is not a price officially announced or guaranteed by the Pi Network Core Team. It is merely a concept led by a part of the community.
  • It differs from the principles of market economics: Normally, the price of an asset is determined by the balance of supply and demand in the market. Even if a specific community unilaterally sets a price, if it is not accepted by the market as a whole, a discrepancy will arise from the actual trading price.
  • Its realization is unknown: For 1 Pi to be worth approximately $310,000, Pi Network would need to have an economic scale and practicality far exceeding the world’s major currencies and giant IT companies today. This is a very ambitious goal, and objectively evaluating its feasibility at this point is difficult.

GCV reflects the enthusiasm and dreams of people who believe in the potential of Pi Network, and it may have the aspect of strengthening community cohesion. However, it is important to calmly recognize it not as a definitive future value of Pi Coin, but merely as “one goal” or “a movement within the community.” Be careful not to confuse facts with desires.

Why is Price Information So Disparate? Hints to Understanding the Current Situation

As we have seen so far, information regarding the “price” of Pi Coin is very diverse and can sometimes feel contradictory. Why is this situation the case? Several reasons can be considered.

  • The project is still under development: Pi Network is still in the Enclosed Mainnet period, and full-scale market price formation has not yet begun. Therefore, there is no clear standard price.
  • Lack of liquidity: Because the official market where Pi Coin can be freely bought and sold is limited, there is not enough trading volume (liquidity). Even small transactions or individual agreements can make the apparent “price” seem to fluctuate greatly.
  • Speculative movements and expectations: Unrealistic prices may be discussed due to the expectations of people hoping for future value increases or by some information disseminators trying to attract attention.
  • Diverse opinions within the community: Pi Network has many users worldwide, and each has different ideas and expectations about the value of Pi Coin. Movements like GCV are one example of this.
  • Information asymmetry: Accurate information about the project and development progress is not necessarily conveyed equally and timely to all users.

In such a situation, it is important not to take a single piece of information at face value, but to compare multiple sources and carefully check announcements from the official Pi Network website. Be especially wary of sweet talk like “you’ll get rich quick” or “the price is guaranteed.”

What Determines the True Value of Pi Network? The Present and Future of “Utility”

For Pi Coin to be truly recognized as something “valuable” in the future, simply having many people hold it is not enough. It is essential to have a rich existence of concrete “use cases,” or utility, where Pi Coin can actually be used to buy something or use a service. The Pi Network project also regards the construction of this utility as a very important goal. Here, let’s look at the current state of Pi Network’s utility and future prospects.

“Utility” is the Source of Pi Network’s Value

The word “utility” might sound a bit difficult, but simply put, it means “usefulness” or “practicality.” In the world of cryptocurrency, utility refers to how that coin or token can be used in the real world or digital space.

For example:

  • Can be used for payment at stores
  • Can be used as payment for specific online services (games, social media, storage, etc.)
  • Required for executing smart contracts
  • Functions as participation rights or voting rights in a specific community

These are examples of utility. What Pi Network aims for is for Pi Coin to have such diverse use cases and become something that many people find “convenient to hold” or “want to use.” It is believed that the more utility is enhanced, the higher the demand for Pi Coin will become, which could potentially lead to value stability or increase as a result.

What Use Cases Exist Now? Examples of Notable Pi Network Apps and Services

The Pi Network ecosystem is still under development, but among the DApps accessible through Pi Browser, some are showing the beginnings of utility. The following are examples of utility sometimes mentioned in the Pi Network community or official information (however, not all of these apps and services are completed and widely practical).

  • Map of Pi: An app aiming to connect local stores and service providers with Pioneers (Pi users) and promote local transactions using Pi Coin.
  • Game platforms: Development is underway for game apps where Pi Coin can be used as in-game currency or where players can earn Pi by playing. (The source information mentioned “fruit,” but it is unclear if this is a specific game name or category.)
  • Marketplace DApps: The aforementioned P Bartermall and others can be said to be attempts aiming to be platforms where goods and services can be bought and sold with Pi Coin.
  • Developer tools and services: Tools and platforms that support DApp development on the Pi Network are also part of the utility.
  • In addition, various ideas such as social media, content sharing platforms, job matching services, etc., are being proposed by the community and development is progressing.

The Pi Network Core Team regularly holds hackathons (development contests) and encourages the creation of utility by the developer community. What kind of practical and attractive DApps appear in the future will be very important in predicting the future of Pi Network.

Ecosystem Expansion is Key! The Role of the Developer Community

To increase the utility of Pi Network and enrich the entire ecosystem, the efforts of the Pi Network Core Team alone have limitations. This is where the global developer community plays a crucial role.

Pi Network aims to provide an environment where developers can freely create new applications and services using Pi’s blockchain technology and platform. This is expected to allow diverse ideas that the Core Team alone might not conceive to take shape, and for the ecosystem to grow organically.

Recently, there have been moves to partially relax the pre-approval process for developers publishing DApps on the Pi Network Mainnet, promoting more open and rapid innovation. The more active and talented the developer community grows, the more attractive the Pi Network ecosystem will become, and the utility of Pi Coin will also improve.

We, as general users, can also indirectly contribute to the development of the ecosystem by trying out new DApps through Pi Browser and providing constructive feedback.

Future Price and Potential of Pi Network: The Goal is Open Mainnet Migration, But What is the Current Situation?

Now, let’s discuss the future price and potential of Pi Network, which is likely what many people are most interested in. A major milestone for the project is the transition to the “Open Mainnet,” which is set as a future goal. However, as of May 2025, Pi Network is still in the “Enclosed Mainnet” phase and has not transitioned to the Open Mainnet. It is important to correctly understand this current situation before looking at future prospects.

What Will Change if “Open Mainnet Migration” is Achieved (Future Outlook)

Assuming that Pi Network transitions to the “Open Mainnet” in the future, the following changes can be expected. Please note that this is merely a future possibility and not the current situation.

  • Connectivity with external blockchains: The Pi Network blockchain may become capable of interacting and collaborating with other major blockchain networks like Bitcoin and Ethereum.
  • Possibility of listing on major cryptocurrency exchanges: If this is realized, Pi Coin could be freely bought and sold on a public market with more participants, potentially leading to price formation based on market principles.
  • Further expansion of the Pi Network ecosystem: External developers and companies may find it easier to freely deploy services and businesses on the Pi Network platform.

Conditions for Open Mainnet Migration and the Current Situation

The Pi Network Core Team has outlined several specific conditions for transitioning to the Open Mainnet. It is believed that the Enclosed Mainnet period will continue until these are met. The main conditions are as follows:

  1. Large-scale completion of the KYC (Know Your Customer) process and migration of Pi to the Mainnet.
  2. Building and maturation of diverse apps with true utility within the Pi Network ecosystem.
  3. External environment (market conditions, regulations, etc.) being favorable for the transition to Open Mainnet for the project and community.

As of May 2025, there has been no official announcement that these conditions have been fully met, and Pi Network is in the stage of continuing the operation of the Enclosed Mainnet and developing towards achieving these goals. The specific timing for the transition to Open Mainnet is undecided, and we must await an official announcement from the Pi Network Core Team. While there have been various speculations and unofficial information in the past, it is important to accurately recognize that the current situation is Enclosed.

What Will Happen to Pi Coin Price After Migration? (This is Just an Uncertain Future Discussion)

Assuming that Pi Network transitions to the Open Mainnet in the future and Pi Coin becomes tradable on exchanges, no one can say for sure what its price will be at this point. The price is influenced by a great many factors, including market supply and demand, project reliability, the spread of utility, macroeconomic conditions, and more.

Various price predictions exist, but they are merely predictions and are not guaranteed. Especially in the current “Enclosed Mainnet” situation, a market price for Pi Coin has not been formed, and it is impossible to accurately foresee the future price. Please be very careful not to be misled by easy money schemes or information that guarantees “the price will definitely go up.”

Challenges Pi Network Must Overcome to Build Long-Term Value

For Pi Network to not just be a temporary topic but to grow as a project with long-term value, it must overcome several important challenges. This is true both during the Enclosed Mainnet period and as it aims for the Open Mainnet in the future.

  • Ensuring technical stability and scalability: Maintaining and developing a robust blockchain system that can support a user base of tens of millions and process numerous transactions quickly and securely.
  • Building and popularizing truly practical utility: Creating a wealth of attractive and convenient DApps and services within the ecosystem that many people will want to use daily, and making them widespread.
  • Appropriate response to regulations: Regulations regarding cryptocurrency and blockchain technology are constantly changing in each country. For Pi Network to expand globally, it must comply with these regulations and respond appropriately.
  • Maintaining and engaging the user community: Maintaining an active and healthy user community and providing incentives for users to actively participate in the Pi Network project.
  • Improving project transparency and reliability: Disclosing information regarding development progress and operational policies to the community in a timely and transparent manner to build trust.

Overcoming these challenges one by one will lead to the long-term success of Pi Network and the sustainable value formation of Pi Coin.

Summary: Understand the “Present” of Pi Network and Approach the Future Wisely

This time, we have looked in detail at the situation regarding Pi Network’s price as of 2025, exploring the ecosystem through Pi Browser, and its future potential.

Pi Network is an ongoing project that has attracted the interest of many people with its innovative approach of mining using smartphones and is being developed with a grand vision. It is important to note that as of May 2025, Pi Network is in the “Enclosed Mainnet” period and has not yet transitioned to the Open Mainnet. Therefore, there is no “official price” for Pi Coin, and “reference prices” are being presented within various attempts in the ecosystem.

The transition to “Open Mainnet” is set as a future goal, but its realization depends on several conditions, and the specific timing is undecided. It is important to correctly understand this current situation and calmly observe the project’s progress.

What is important for us users is not to take information about Pi Network at face value, but to examine information from various angles and prioritize official announcements from the Pi Network Core Team. Without excessive expectations of “getting rich quick” or being swayed by information that “guarantees price increases,” if you are interested in the potential of the decentralized digital economy that Pi Network aims for and its technical challenges, becoming involved as a member of the community might be one option.

We hope this article helps you understand the “present” of Pi Network and approach its future wisely.

Q&A: Frequently Asked Questions About Pi Network

Finally, we have compiled some points that many people wonder about Pi Network in a Q&A format. Please use this to help resolve any questions that were not fully answered in this article.

Q1. When can I exchange Pi Coin for Japanese Yen or other cryptocurrencies?

A1. Currently (as of May 2025, during the Enclosed Mainnet period), it is generally not possible to officially exchange Pi Coin for Japanese Yen or other major cryptocurrencies. It is expected that such exchanges will become possible in the future if Pi Network transitions to the Open Mainnet and Pi Coin is listed on domestic and international cryptocurrency exchanges. However, there has been no official announcement from the Pi Network Core Team regarding the specific timing of this. Currently, it is Enclosed, and exchange is not possible.

Q2. Is Pi Network safe? I’m worried it might be a scam project…

A2. Pi Network was started by a team with PhDs from Stanford University and has been under development for several years, with many users participating. However, new cryptocurrency projects always carry risks, and their future value or success is not guaranteed. Regarding whether it is a scam, there are various opinions, but the project itself does not conduct schemes that directly request money (such as ICOs) (although there is a KYC process). The important thing is to always check official information, thoroughly manage your personal wallet information and private keys, and absolutely not fall for unrealistic solicitations like “you will definitely make money.”

Q3. Is it too late to start Pi Network now?

A3. Pi Network has not yet transitioned to the Open Mainnet, and the project is still under development. Therefore, it is possible to start mining anew. However, the mining rate (the amount of Pi Coin obtained per unit of time) may have decreased compared to the initial stages. Whether or not to join Pi Network should be decided not for speculative purposes expecting large returns in a short period, but by considering whether you resonate with the project’s philosophy, technology, and community, and if you can be involved from a long-term perspective.

Q4. Are there any precautions when using apps in Pi Browser?

A4. You can access various DApps through Pi Browser, but many of them are still under development or developed by third parties not officially affiliated with Pi Network. When using them, please be aware of the following points:

  • Check the provider: Check if the app provider is trustworthy and if it is recommended by the Pi Network Core Team.
  • Check permissions: If an app requests access to your wallet or personal information, carefully consider the necessity and only grant permission if you deem it trustworthy.
  • Sending Pi Coin: Do not easily send large amounts of Pi Coin to uncertain apps or services.
  • Possibility of bugs or glitches: Be aware that unexpected bugs or glitches may occur in apps that are in the testing phase.
  • Wallet security: Absolutely do not share your Pi wallet passphrase (private key) with anyone else, and store it in a safe place. This is a fundamental principle for using Pi Network, not limited to using apps within Pi Browser.

If you find anything suspicious or unclear, it is recommended to check with the official Pi Network community or reliable information sources.

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

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

The Core Team’s Stance During Difficult Times

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

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

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

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

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

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

Pi Network’s Potential and the Dynamics of Price Formation

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

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

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

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

The Importance of Utility and Ecosystem Building

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

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

The Significance of Consensus 2025

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

Time to Discard Hype and Take Action

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

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

A Call to Pioneers: Act as Builders

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

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

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

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

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

Conclusion: The Future Depends on Utility

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

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

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: Approximately $480 Million Worth of Token Unlock Scheduled for March 17th

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Pi Network is attracting attention as a cryptocurrency mining platform using smartphones, but it is currently facing a significant turning point. We will provide a detailed explanation of the latest information regarding the large-scale token unlock scheduled for March 17th and its potential impact on the Pi Coin (PI) price.

Details of the Large-Scale Token Unlock

The Pi Network core team has announced that holders’ locked Pi assets will become transferable starting March 17th. This is significant news for many Pioneers (Pi Network users).

Currently, the daily unlock amount of Pi Coin is approximately 8.94 million coins (worth approximately $1.789 billion), but this figure is expected to surge to 23.13 million coins (worth approximately $4.627 billion) on March 17th. Furthermore, it is noteworthy that approximately 268.48 million Pi Coins (worth approximately $480 million) are expected to be unlocked over the next 30 days.

Blockchain tracker Piscan.io recently introduced a new feature that allows tracking of Pi unlocks over the next 30 days. This tracker provides insight into claimable balances, whether locked by users or distributed by the Pi Core Team. However, it does not track unreleased Pi Network that has not yet become a claimable balance.

Potential Impact on Price

The price of Pi Coin has fallen by over 8% amidst a broader decline in the crypto market, with Bitcoin and major altcoins also recording significant drops. The increase in new supply to the market accompanying this large-scale token unlock could put further downward pressure on the price.

Market experts point out the risk of “oversupply” as such a large volume of newly unlocked tokens flows into the market, potentially leading to further price declines. However, according to the Pi Network core team, the unlocked tokens are intended to be held until 2030, which they state is a measure to protect the rights of long-term investors and ensure transparency.

“The unlocked Pi Coins are intended to be held until 2030, which is a measure to protect the rights of long-term investors and ensure market transparency. It also serves to prevent excessive circulation in the market and prevent a rapid decline in the coin’s value.”

Features and Background of Pi Network

Pi Network is known as a mobile-first cryptocurrency app that allows anyone to participate in mining without requiring expensive hardware. By relying on the Stellar Consensus Protocol, it enables mining on smartphones, laptops, and PCs, and rewards users with Pi Network coins.

Currently, the mining rate has halved five times in line with the network’s growth milestones. It started at 3.14 PI/hour and has decreased as more users join.

Pi Network officially launched its long-awaited open mainnet on February 20, 2025, after six years. On the same day, it was listed on major centralized exchanges such as OKX and Bitget. Bitget launched a Pi Network airdrop campaign, offering a prize pool of Pi Coins worth a total of $60,000.

Pi Coin Price Trends

After the mainnet launch on February 20th, Pi Coin saw a correction after rising by approximately 100% to a peak of $2.99. This surge attracted the interest of many investors and brought the project into the major leagues.

However, this enthusiasm did not last long. The asset underwent a sharp correction, falling by 25% in just 24 hours back to $1.99. This volatility, while typical in the crypto market, is partly explained by the caution of exchange platforms.

A survey conducted on Binance Square showed that 86% of participants supported the listing of Pi on Binance, but the platform made it clear that this vote does not guarantee immediate adoption. “We evaluate projects based on our internal standards before making a decision,” Binance stated.

Future Outlook and Predictions

Price predictions for Pi Network in 2025 anticipate a maximum price of $100, an average price of $65, and a minimum price of $30. By 2030, it could reach a maximum price of $350, an average price of $225, and a minimum price of $100. Another prediction anticipates it reaching a maximum of $3.7856, a minimum of $1.9232, and an average of $3.0122 by 2030.

These predictions are based on several assumptions. The Pi cryptocurrency remains largely excluded from major exchange platforms, limiting its liquidity and adoption. Furthermore, regulations concerning emerging cryptocurrencies could hinder its rise.

Pi Day (March 14th) is raising expectations for significant announcements, particularly regarding exchange listings. Speculation about a Binance listing is high, fueled by cryptic posts and strong support for Pi shown in past surveys. The network’s growing popularity, including 4 million followers on X, also adds to the anticipation.

What Pioneers Need to Know

For Pi Network Pioneers, the token unlock starting on March 17th is a significant milestone. Those holding locked Pi assets will be able to transfer these assets from that day. However, they are intended to be held until 2030 in accordance with regulations.

Also, the phone number update process has been successfully completed, and users can change or correct their phone numbers from their profile. To update your phone number, click the three lines in the top left corner from the home screen, select “Profile”. There, find the phone number verification section and click the small blue “Change” text.

Furthermore, it has been announced that the KYC (Know Your Customer) application deadline has been extended to March 14, 2025. In case of issues, the team plans to provide clear guidance on how to resolve them.

Conclusion: Market Reaction and Future Prospects

Pi Network is facing a significant turning point ahead of the large-scale token unlock on March 17th. With approximately $480 million worth of Pi Coin being unlocked, new supply will flow into the market, potentially putting downward pressure on the price. However, there are also positive factors such as announcements on Pi Day (March 14th) and the possibility of exchange listings, and the market reaction could be influenced by these factors.

CoinMarketCap’s community sentiment shows that 91% of users are bullish on Pi. For Pi Network Pioneers, this unlock is part of a long-term investment strategy, with tokens intended to be held until 2030. The market is watching future developments closely, particularly anticipating announcements on Pi Day and movements regarding exchange listings.

Pi Network experts believe these improvements will form a strong foundation for the network’s future growth. Pioneers are encouraged to continuously track developments to not miss new opportunities.