TL;DR
- Pi Network will launch its mainnet on February 20, 2025, allowing external transactions for the first time.
- Over 19 million users have completed KYC registration, and more than 100 applications are ready to operate in the new phase.
- OKX and Bitget plan to list Pi Coin after the launch, but speculation on unofficial assets is warned against.
Pi Network will open its mainnet to the public on February 20, 2025, at 8:00 AM UTC. This transition will enable connections with external platforms, removing the restrictions that kept the ecosystem isolated. With this change, users will be able to conduct transactions outside the Pi environment, expanding its use cases.
The project, launched in 2019, has accumulated a base of 19 million users verified through the KYC process. Of these, more than 10 million have migrated their assets to the mainnet. Additionally, over 100 applications have been developed to operate in the new phase, ensuring a functional ecosystem from day one.
KYC verification will remain a requirement for users wishing to join this new stage. Businesses will need to complete a similar process called KYB before conducting transactions. A list of approved businesses will be available on the Pi Network website, ensuring a secure and transparent environment.
Pi Network: Listed on Launch Day
The announcement has generated market expectations. OKX and Bitget have expressed interest in listing Pi Coin after the network opens. OKX confirmed that it will enable trading for the PI/USDT pair on the same day as the launch. However, some traders have speculated on Pi IOU, an unofficial asset whose value increased by 80% following the news, though it does not represent the actual price of the cryptocurrency.
The migration process will continue after the launch. Users who have not yet transferred their assets will be able to do so at any time. Developers will be able to keep improving their applications and create new solutions to strengthen the ecosystem. Businesses interested in accepting Pi as a payment method can apply for KYB verification to integrate into the network.
With the network opening, Pi Network aims to establish itself as a decentralized payment system with practical applications in commerce and digital transactions. The removal of restrictions will enable broader adoption and new opportunities for users and businesses looking to join the network
