Pi Network has reached a pivotal milestone with 18 million verified pioneers completing KYC, including 8 million users migrated to its enclosed mainnet. The team projects hitting 10 million migrated users by January-February 2025, paving the way for its open mainnet launch in Q1 2025.
Key Development Milestones
1. Mainnet Launch Prerequisites
Pi Network outlined four critical conditions for open mainnet activation:
- ✅ 15 million KYC-verified users (10 million migrated)
- ✅ 100+ functional mainnet applications (80+ already deployed)
- ✅ Continuous technical/product advancements
- ✅ Stable global conditions
👉 Explore Pi Network's roadmap
2. Accelerated Migration Progress
Recent updates highlight:
- Streamlined KYC processes accelerating user migration
- New feature enabling multiple balance transfers to mainnet
- External environmental factors deemed favorable for 2025 launch
Pi Coin's Current Ecosystem
P2P Trading Landscape
Despite lacking exchange listings, vibrant peer-to-peer markets have emerged:
- Taiwanese merchants accept Pi for goods/services
- Local transactions averaging 25-30 TWD per Pi (~$0.80-$1 USD)
- Estimated $100 billion FDV at maximum supply (100B coins)
Controversies and Challenges
- No official exchange support (HTX listings are "futures" only)
- Team warns against unauthorized Pi purchases
- Ongoing debates about token legitimacy
Pi Network Fundamentals
What Makes Pi Unique?
- Mobile-first mining since 2019
- No energy-intensive hardware required
- Closed ecosystem prevents exchange withdrawals
Technical Outlook
Core team emphasizes:
- Decentralized infrastructure development
- Ecosystem app expansion
- Compliance with global regulations
👉 Learn about blockchain innovations
FAQ: Addressing Community Concerns
Q: When can I trade Pi coins officially?
A: Only after open mainnet launch (projected Q1 2025). Current P2P trades carry risks.
Q: Why isn't Pi on major exchanges?
A: The team prohibits unauthorized listings to prevent premature trading.
Q: What's Pi's realistic valuation?
A: Current P2P prices suggest ~$1 per coin, but liquidity remains limited.
Q: How does migration work?
A: Users must complete KYC and manually transfer balances to mainnet wallets.
Q: Are Pi mining rewards sustainable?
A: Reward rates decrease as network grows, following predefined halving mechanisms.
Future Projections
With the 2025 mainnet timeline now public, key areas to monitor:
- Mainnet application development pace
- Exchange adoption post-launch
- Regulatory compliance across jurisdictions
- Real-world utility expansion
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