After a two-year delay, the Pi Coin mainnet has officially launched, allowing over 10 million users to migrate their mined Pi coins from the testnet to the mainnet. This marks a major milestone in Pi Network’s journey from a mobile mining project to a fully tradable cryptocurrency. The listing has fueled global excitement, especially in countries like India, Iran, and Indonesia, as users anticipate potential profits and wider adoption.
What Is Pi Network?
Pi Network, founded in 2019 by Stanford graduates, is a blockchain project that enables mobile-based crypto mining. Unlike Bitcoin, which requires expensive mining hardware, Pi Coin can be earned simply by verifying daily activity on a mobile app.
The project aims to make cryptocurrency more accessible by allowing users to mine without high energy consumption. Instead of Bitcoin’s Proof of Work (PoW), Pi Network uses the Stellar Consensus Protocol (SCP), where users create trust circles by verifying 3-5 trusted contacts. This method builds a global trust graph, ensuring network security without massive computational power.
Pi Coin Trading & Price
Following the mainnet launch on February 20 at 8:30 am UTC, Pi Coin is now trading on select crypto exchanges:
- $1.78 on OKX
- $1.70 on Bitget
As the project moves toward its open network phase, where full external connectivity will be enabled, investors and users are closely watching for price fluctuations and further exchange listings.
How to Mine & Acquire Pi Coin
Users can still earn Pi Coin through a simple mobile mining process:
- Download & Install: Get the Pi Network app.
- Start Mining: Tap the lightning bolt icon daily to earn Pi.
- Build a Security Circle: After 3 days, add 3-5 trusted contacts to increase mining rates.
- Refer Friends: Use your referral code to boost earnings.
- Engage with the App: Participate in chats, polls, and ecosystem activities.
- Understand Mining Roles: Earn more Pi by becoming a Pioneer, Contributor, or Ambassador.
What’s Next for Pi Network?
Since December 2021, Pi Network has been in an “enclosed” mainnet phase, requiring users to complete Know Your Customer (KYC) verification before transferring their mined Pi. The next big step is the “open network” phase, which will remove restrictions and allow full blockchain integration with external exchanges and wallets.
With the mainnet launch and trading already underway, Pi Network is moving closer to becoming a mainstream cryptocurrency, though its long-term value and market adoption remain to be seen.
