Pi Network Mainnet Launch

What Is Pi Network?

Pi Network is a mobile-friendly cryptocurrency that lets users mine Pi coins without needing expensive hardware. With over 70 million reported users, the project aims to create a decentralized digital economy.

How Pi Mining Works

Unlike traditional mining, Pi Network uses a low-energy process based on trust rather than power-hungry computations.* Users tap a button daily to mine, validate transactions, and grow the ecosystem. Mining rates increase through:

• Security circles – Adding trusted members to secure the network.
• Inviting new users – Expanding the community boosts rewards.
• Using Pi apps – Engaging with decentralized applications (DApps).

* Pi Network’s system is based on the Stellar Consensus Protocol (SCP), which relies on user trust rather than solving complex puzzles like Bitcoin’s Proof-of-Work (PoW) system.

Pi Network’s Path to Open Mainnet

Pi’s development has progressed in phases:

• Beta (2019) – Initial testing and user onboarding.
• Testnet (2020) – Blockchain trials with node operators.
• Enclosed Mainnet (2021) – Internal blockchain use with KYC verification.
• Open Mainnet (Feb. 20, 2025) – External access and full blockchain integration.

What the Mainnet Launch Means for Users

With the open mainnet, Pi Network will:

• Enable external transactions – Users can transfer Pi beyond the network.
• Allow exchange listings – Pi coins may become tradable on major crypto exchanges.
• Expand DApp utility – Developers can build apps for real-world Pi use.
• Require KYC verification – Only verified users can fully participate.

Pi Coin Speculation & Risks

The value of Pi coin is uncertain. Some platforms trade IOUs* at $61–$70, but these prices are speculative. Risks include:

• Inflated user numbers – Only 18M of 70M reported users are verified.
• Supply inflation – With 5.56B Pi coins and no supply cap, excessive circulation may lower value.
• Exchange uncertainty – Initial listings could lead to price volatility.
• Centralized control – Pi’s core team still manages key network functions.
• Privacy concerns – Mandatory KYC raises data security issues.

* IOUs (I Owe You) are speculative crypto contracts that allow pre-launch trading of a coin, but they don’t guarantee real value when the asset becomes tradable.