Pi Network Mainnet: Definition, Impact and Advantages

Bittime - Pi Network Mainnet will launch on February 20, 2025. Check out the meaning, impact, advantages and how to sell Pi Network Coin in this article, come on!

Since its introduction in 2019, Pi Network has attracted millions of users interested in the concept of mining crypto via mobile. Now, with the opening of access to the main network (open mainnet), Pi Coin is ready to enter the main stage of the crypto industry. 

So, what exactly is the Pi Network? What is the impact of this mainnet launch? Check out the full review below.

Understanding Pi Network

Pi Network is a cryptocurrency project developed by a group of Stanford graduates. This project aims to make crypto mining easier and environmentally friendly. 

Unlike Bitcoin which requires special hardware, Pi Network allows users—referred to as “Pioneers”—to mine Pi Coin using only a mobile app. 

With this approach, Pi Network aims to create an inclusive financial system that can be accessed by anyone.

Read also: How to Buy Pi Network (Pi Coin) on CEX, Guide for Beginners!

History of the Pi Network

Pi Network launched on March 14, 2019 (Pi Day) as an experimental project focused on community development. The Pi Network journey consists of several phases:

1. Beta (2019): The Pi Network app was introduced as a mobile-based mining tool, attracting millions of users to join.

2. Testnet (2020): Blockchain testing is carried out by developers and early adopters to ensure network stability.

3. Enclosed Mainnet (2021-Present): At this stage, Pi Coin transactions are still limited to a closed ecosystem, allowing the team to complete the KYC (Know Your Customer) process and improve network technology.

4. Open Mainnet (2025): At this stage, restrictions will be removed, allowing transfers to external wallets, trading on crypto exchanges, as well as the development of decentralized applications (dApps).

Impact of Pi Network Mainnet Launch

The launch of the open mainnet has had a number of major impacts on the Pi Network community and the crypto industry in general. The following is the impact of the Pi Network launch:

• Access to External Wallet: Users can now move their Pi Coins to other crypto wallets, enabling a wider range of transactions.

• Listing on Crypto Exchanges: Pi Coin could potentially be listed on major exchanges such as Binance or OKEx, making it a globally tradable asset.

• dApps Ecosystem Expansion: With an open network, developers can build various applications that utilize Pi Coin as a transaction tool.

• Potential Price Increase: Anticipation of the open mainnet has increased demand for Pi Coin. If this project is successful, the price of the Pi could increase significantly.

Read also: What is Pi Network Grace Period: Importance of KYC Process and Mainnet Migration

Advantages of Pi Network

Pi Network has several advantages over other cryptocurrencies. The following is the explanation:

• Easy to Access: Anyone with a mobile phone can mine Pi Coin, without the need for expensive hardware.

• Environmentally friendly: Unlike Bitcoin which requires large amounts of energy, Pi Network uses a community trust-based consensus mechanism that is more power efficient.

• Thriving Ecosystem: With millions of active users, Pi Network has a strong community and has the potential to create a dynamic transaction ecosystem.

• Enhanced Security: With a strict KYC process, Pi Network ensures that every user is verified, reducing the risk of fake accounts and illegal activity.

How to Sell Pi Network Coin After Mainnet Launching

Once the open mainnet is launched, users can sell their Pi Coins with the following steps:

1. Make Sure KYC and Migration Have Been Completed: Complete KYC verification so Pi Coin can be moved to open mainnet.

2. Choose a Crypto Exchange That Supports Pi Coin: You can choose a crypto exchange that will support Pi Coin trading.

3. Transfer Pi Coin to Bursa: Open the Pi Network wallet, copy the deposit address from the exchange of choice, then make the transfer.

4. Sell ​​Pi Coin on Exchange: Select a trading pair (for example, PI/USDT), then determine whether you want to sell with a market order or limit order.

5. Withdraw Funds to a Bank Account or Digital Wallet: After a successful sale, users can withdraw the proceeds in the form of fiat or stablecoins to a personal account.

Read also: Pi Network Binance Listing: More Community Voting Process

Conclusion

The launch of the Pi Network mainnet on February 20, 2025 marks an important milestone in the evolution of this project. With wider access, trading opportunities, and dApps ecosystem development, Pi Network has the potential to become a major player in the crypto world. 

For Pioneers who have been mining since the beginning, this is the long-awaited moment to utilize Pi Coin in the real world. So, interested in this crypto project?

FAQ

1. When Will Pi Network's Open Mainnet Launch?

Open mainnet is scheduled for release on February 20, 2025.

2. Can Pi Coin be sold after mainnet launch?

Yes, once mainnet is open, users can trade Pi Coin on crypto exchanges that support it.

3. Is Pi Network Safe?

With a strict KYC system and a large community, Pi Network has a better level of security than other crypto projects that do not verify users.

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Reference 

CCN, What Is the Pi Network Mainnet Launch? Everything You Need to Know, accessed February 19, 2025.

Forbes, What Is Pi Network?, accessed February 19, 2025.

Author: Y