The highly anticipated Pi Network Coin has officially launched, marking a pivotal moment in the evolution of mobile-based cryptocurrencies. On February 20, 2025, at 08:00 AM UTC, the Open Mainnet went live—ushering in a new era for millions of users who have been mining Pi since its inception. This milestone ends the enclosed mainnet phase that began in December 2021 and transitions Pi Coin into a fully tradable digital asset on major cryptocurrency exchanges.
With this launch, over 10 million users can now migrate their mined Pi coins from testnet to the live blockchain, unlocking real-world utility and market value. The coin is now listed on seven prominent crypto platforms, including OKX, Gate.io, Bitget, and CoinDCX, enabling global trading and liquidity.
Pi Network has already surpassed 110 million app installations, with an average of 110,000 new downloads daily. Just days before the launch, more than 540,000 users joined the network on February 17 alone. Currently ranked #4 in the Social category on Google Play—behind only Facebook and Instagram—the app has solidified its position as one of the most accessible entry points into the world of Web3.
What Is Pi Network Coin?
Pi Network Coin (PI) is a decentralized cryptocurrency designed to be mined directly from a smartphone—no specialized hardware or high energy consumption required. Launched in 2019 by a team of Stanford graduates, Pi aims to democratize access to digital currency by allowing everyday users to earn crypto simply by verifying their presence daily through the app.
Unlike Bitcoin, which relies on energy-intensive proof-of-work mining requiring expensive rigs, Pi uses a lightweight consensus algorithm called Stellar Consensus Protocol (SCP). This makes mining possible on mobile devices without draining battery or data.
👉 Discover how mobile mining is reshaping crypto accessibility
The project’s vision extends beyond just currency creation—it's building a community-driven Web3 ecosystem where users can eventually build and use decentralized applications (dApps), participate in governance, and transact using Pi as digital money.
Key features of Pi Network include:
- Mobile-first mining: Free to use, no technical barriers.
- Energy-efficient: No harm to device performance.
- KYC-verified identities: Ensures security and prevents Sybil attacks.
- Interoperable design: Built for future integration with other blockchains.
- Immutable ledger: Transactions are secure and tamper-proof.
As part of its mission for inclusivity, Pi emphasizes fair distribution. Every user starts with equal opportunity to mine, fostering a more equitable model compared to early-stage crypto projects dominated by whales.
How Does Pi Network Operate?
Since December 2021, Pi Network has operated under an “enclosed mainnet” model. During this phase:
- Users could mine Pi but couldn't freely transfer or trade it externally.
- All mined coins remained in escrow until KYC verification was completed.
- The core team focused on building infrastructure, verifying users, and securing the network.
Now, with the Open Mainnet launch, restrictions are being lifted. Verified users can:
- Transfer Pi between wallets
- Trade on supported exchanges
- Use Pi within emerging dApps
- Participate in ecosystem development
To ensure legitimacy and prevent fraud, Pi employs a crowd-sourced KYC process, where community members help verify identities after passing training and accuracy checks. This scalable approach allows rapid onboarding while maintaining trust.
Mining rewards are distributed based on user roles:
- Pioneers: Earn base rates by logging in daily.
- Contributors: Boost earnings by adding trusted security circles (3–5 real people they know).
- Ambassadors: Get bonuses for inviting new members via referral codes.
- Node Operators: Run full nodes on PCs for additional rewards and network stability.
This multi-tiered system incentivizes active participation and strengthens network security through social trust graphs.
How to Buy and Trade Pi Coin in 2025
While early adopters earned Pi through mining, new users can now acquire it via cryptocurrency exchanges. Here’s how:
Step-by-Step Guide to Acquire Pi Coin
- Download the Official App
Install the Pi Network app from Google Play or Apple App Store to begin your journey—even if you’re not mining, understanding the ecosystem helps inform investment decisions. - Complete KYC (If Mining)
To unlock mined balances or send/receive Pi, pass the in-app KYC process. This step is mandatory for full wallet functionality. - Choose a Supported Exchange
Pi is listed on major platforms including OKX, Bitget, Gate.io, and others. Create an account and complete identity verification. - Deposit Funds
Add fiat currency (like USD or EUR) or another cryptocurrency (such as USDT or BTC) to your exchange wallet. - Buy PI Tokens
Search for “PI” or “Pi Network” and place your buy order at the current market price. - Store Safely
For long-term holding, consider transferring your PI to a non-custodial wallet once withdrawals are fully enabled.
👉 Start trading Pi Coin securely on a trusted global exchange
Current Pi Coin Price and Market Performance
As of February 20, 2025, at 8:50 PM UTC, Pi Coin was trading at $0.91, according to Coingecko. Key metrics include:
- 24-hour trading volume: $811,776,373
- Fully diluted valuation (FDV): $8.92 billion
- All-time high (ATH): $1.97 (reached earlier the same day)
Though it has pulled back from its peak, sustained trading volume indicates strong market interest. Analysts suggest that initial volatility is normal during launch phases, especially for community-driven projects with massive user bases.
Given its broad adoption and low entry barrier, investors are watching closely to see whether Pi can maintain momentum and deliver long-term utility beyond speculation.
Frequently Asked Questions (FAQ)
Q: Can I still mine Pi Coin for free?
A: Yes, mining continues within the app even after the mainnet launch. However, only KYC-verified users will be able to migrate mined coins to the blockchain and trade them.
Q: Is Pi Coin available on all crypto exchanges?
A: No—initially, it’s listed on select platforms like OKX and Bitget. More exchanges are expected to add PI as liquidity grows and compliance standards are met.
Q: What determines the price of Pi Coin?
A: Like any cryptocurrency, supply and demand drive the price. With over 10 million users potentially unlocking balances post-KYC, market dynamics will depend heavily on selling pressure versus real-world adoption.
Q: Is Pi Network a scam?
A: While skepticism exists due to its long pre-launch phase, the Open Mainnet activation and exchange listings mark significant legitimacy milestones. Transparency around code audits, team credentials, and roadmap execution continues to build trust.
Q: How do I increase my Pi mining rate?
A: You can boost your rate by forming a security circle with trusted contacts, referring new users (as an Ambassador), and running a node if technically equipped.
Q: When will Pi reach $10 or higher?
A: Price predictions vary widely. Long-term value depends on ecosystem growth—such as dApp development, merchant adoption, and cross-chain integrations—not just speculation.
The Future of Pi in Web3
Pi Network isn’t just launching a coin—it’s aiming to build a decentralized economy powered by everyday people. With plans for:
- A marketplace for goods and services using Pi
- Developer tools for creating dApps
- Cross-border remittance solutions
- Governance participation for token holders
…the project is positioning itself as a bridge between mainstream users and blockchain technology.
As Web3 adoption accelerates globally, especially in emerging markets where smartphone penetration outpaces banking access, Pi’s mobile-first model could play a transformative role.
👉 Explore how Pi fits into the future of decentralized finance
Final Thoughts
The 2025 Open Mainnet launch marks a turning point for Pi Network. What began as an experimental mobile mining app has evolved into a live cryptocurrency with real market value and growing infrastructure.
While challenges remain—particularly around scaling KYC verification and proving sustainable utility—the foundation is set for broader adoption. For investors and users alike, now is the time to understand Pi’s potential beyond hype.
Whether you're mining daily or buying on exchanges, staying informed is key. As always, conduct thorough research and assess personal risk before engaging with any digital asset.
Core Keywords:
Pi Network Coin, cryptocurrency, mobile mining, Web3, blockchain, crypto exchange, digital currency, Open Mainnet