Pi Network Open Mainnet & KYC Deadline – Secure Your Pi Tokens Now

Key Takeaways 

1. Importance of KYC Completion: Users must complete KYC verification by February 28, 2025, to secure Pi tokens and prepare for full Mainnet access, emphasizing Pi Network’s commitment to secure, verified user transactions. 
2. Role of Pi Network’s Mainnet Phase: Until now, Pi Network limited token transactions within its enclosed Mainnet phase. With the open Mainnet launch, Pi’s accessibility has expanded to external wallets and exchanges. 
3. Trading Possibilities: As of 20 February 2025, Pi tokens have been launched on the open Mainnet. Users may trade them on various platforms, including potential Centralized (CEX) and Decentralized (DEX) exchanges. 
4. Caution with Speculative Platforms: Users should avoid speculative platforms claiming to trade Pi tokens pre-Mainnet. Official listing details will be communicated through Pi Network’s verified channels. 
5. Pi Network’s Vision for Accessibility: Pi Network’s mobile-first approach aims to democratize crypto access by allowing users to mine Pi tokens via a mobile app, supporting Pi’s mission of making crypto accessible for all. 

Read more: How to buy Pi Coin in India 

Introduction to Pi Network 

Launched in 2019 by Stanford PhDs, Pi Network is a mobile-first crypto project designed for easy, low-energy mining directly from smartphones. The network’s decentralized model allows users to mine and earn Pi tokens while contributing to network security, without the need for high-end computing power.

The KYC Verification Deadline and Its Importance 

Pi Network issued a reminder to all users regarding the KYC (Know Your Customer) verification process, setting a deadline of February 28, 2025. This deadline is significant as it serves as a required step for users to secure their Pi holdings and ensures they are eligible to participate fully post transition to the Mainnet phase. 

The KYC process is crucial for two reasons: 

1. User Identity Verification: It verifies user identities, ensuring compliance with regulatory standards while protecting the integrity of the network. 
2. Asset Security: By completing KYC, users can secure their mined Pi coins, enabling safe transactions once the platform is fully operational. 

Failing to complete KYC verification by this date may lead to delays in accessing and transferring Pi tokens after the Mainnet launch. 

How to Sell Your Pi Coin and Withdraw in INR Instantly with CoinDCX? 

For Pi holders eager to cash out, CoinDCX offers a simple and smooth process to sell Pi tokens and withdraw INR. Here’s how you can do it: 

Sell Pi Coin on Bitget 

First, register on Bitget and complete the KYC process. Then, sell your Pi coin on Bitget by following their platform instructions. 

Withdraw INR on CoinDCX 

After selling your Pi coin on Bitget, transfer your funds to CoinDCX. Once your funds are in your CoinDCX account, you can easily withdraw INR from your bank account.

These few simple steps give you easy access to your funds in the local currency. 

Disclaimer: Pi Network is not yet listed on CoinDCX. Stay tuned for updates on when you can buy Pi coin on our platform! 

Selling Pi Coins After Mainnet Launch 

Pi Network users now have multiple options for selling their Pi tokens: 

Centralized Exchanges (CEX): 

• Centralized exchanges, like CoinDCX, will allow users to deposit Pi tokens and execute sell orders. To sell Pi on a CEX, users would need to create an account, transfer their Pi holdings to the exchange’s wallet, and initiate a sale. 
• Proceeds from sales can be received in either fiat currency or another crypto. Follow this space to stay updated when Pi Network token is listed on CoinDCX. 

Decentralized Exchanges (DEX): 

• DEXs allow peer-to-peer trading without centralized intermediaries. After Mainnet launch, Pi tokens are now tradable on these platforms, requiring users to link their wallets, add Pi, and execute transactions with other users. 

Peer-to-Peer Trading: 

• Users may choose to sell Pi tokens directly to individuals or through community trading groups. However, caution is advised in P2P trades due to potential scams. Only trade within trusted networks or use platforms with escrow services to minimize risks. 

Pi Network’s Potential Impact and Future 

With the platform getting launched on the Open Mainnet phase, Pi Network’s innovative, mobile-first approach could potentially make it a valuable player in the global crypto landscape. With a mission to bring crypto mining to everyday smartphone users, Pi Network has drawn significant interest worldwide. As the project continues to develop, its decentralized approach and emphasis on accessibility position it uniquely among crypto networks. 

Pi Network users can not only be able to trade their Pi tokens but will also experience the broader ecosystem benefits that the network has been building. By completing KYC and staying active within the community, users can help drive the success of Pi Network’s vision for a more inclusive, mobile-friendly crypto.

Progress Toward the Pi Network Mainnet Launch 

Phased Approach 

Until now, Pi Network was in the Enclosed Network phase, focusing on ecosystem development and user verification. The network entered the Open Network phase on 20 February 2025, which will bring full decentralization and external connectivity, increasing its global reach and decentralized structure. 

Grace Period Extension 

Pi Network has extended the KYC verification and Mainnet migration deadline to February 28, 2025. This extension gives Pioneers more time to secure their Pi holdings and complete the necessary steps to migrate to the Mainnet. 

KYC Verification Importance 

Completing KYC is essential for Mainnet migration and retaining Pi balances. Failure to complete KYC by the new deadline may result in the loss of most of the Mobile Balance, except for Pi, which was mined in the last six months before migration. 

Commitment to Inclusivity 

The deadline extension reflects Pi Network’s dedication to inclusivity and fairness, giving Pioneers more time to complete their steps before the Open Network launch. This ensures the network is accessible, secure, and ready for broad adoption. 

Key Steps for Mining Pi 

The Pi Network app provides a streamlined method for mining Pi coins: 

1. App Download and Setup: Install Download the Pi Network app from either the Apple App Store or Google Play Store, then create an account. 
2. Invitation Code: Use an invitation code from an existing Pi user or find one online to join the network. 
3. Begin Mining: Tap the lightning bolt in the app to initiate mining sessions, which require no substantial energy consumption. 
4. Build a Security Circle: Adding friends to your circle improves the mining rate. 
5. Engage with the Ecosystem: Users can contribute further by using the Pi Browser and participating in various Pi-related activities to support the project’s growth. 

Read: Pi Network price prediction 

Transition to Open Mainnet Phase 

Pi Network is about to open its Mainnet phase, allowing Pi tokens to be accessible for trading on both centralized and decentralized exchanges. This shift will give Pi token holders the freedom to engage in the broader crypto marketplace. 

Pi Network’s development follows a phased approach: 

• Enclosed Mainnet Phase: Current phase, where Pi coins are limited to internal transactions and network testing. 
• Open Mainnet Phase: Once launched, Pi tokens will be fully accessible, allowing users to transfer and trade Pi on external platforms. 

Stay Informed to Avoid Scams 

Pi Network officially launched its Open Network on February 20, 2025. Pi coins can be directly sold on crypto exchanges. 

It’s essential for users to stay updated on official announcements from Pi Network and avoid speculative or unofficial platforms offering Pi trading. Scammers may exploit the high demand for Pi tokens with fraudulent claims, so users should rely only on Pi Network’s official communications channels for updates.