Pi Network in the Mainnet era

Pi Network was launched by the Stanford University team in 2019, dedicated to building a more inclusive and energy-saving decentralized cryptocurrency network. Unlike traditional proof of work mechanisms, Pi Network adopts the Stellar Consensus Protocol (SCP) to achieve transaction validation with lower computational resource requirements, allowing users to mine Pi coins conveniently through mobile devices, thus reducing the technical barriers and hardware costs of blockchain mining.

After multi-stage development, Pi Network officially transitioned to the open Mainnet on February 20, 2025, marking its move from the test version and closed Mainnet towards a fully open blockchain ecosystem. With more support from mainstream exchanges and further landing of ecosystem applications, in the future, Pi Network is expected to occupy an important position in the Web3 field, continuing to promote the widespread adoption and real-world application of cryptocurrencies.

Pi Network project logo (Image source: https://www.instagram.com/pi_network/p/DGj8A2rtC7p/）

Related links:

Official website entrance:https://minepi.com/

X (Twitter):https://x.com/PiCoreTeam

Medium:https://pinetwork-official.medium.com/

Telegram:https://t.me/PiAnnouncements

App download:

• https://apps.apple.com/us/app/pi-network/id1445472541(Ios)
• https://apps.apple.com/us/app/pi-network/id1445472541(Google Play)

Blockexplorer: https://blockexplorer.minepi.com/Mainnet/

Trading Entrance:https://www.gate.io/en/trade/PI_USDT

Pre-Migration Initialization

Before starting the mainnet migration, users must first complete essential local infrastructure setup, with the most critical step being the creation and binding of a wallet. Through the official Pi Browser app, users generate a non-custodial wallet address—marking the completion of wallet initialization and establishing a unique and secure path for asset migration.

Users retain full control over their wallet’s private key, ensuring independent management and security of their Pi tokens. Additionally, users must perform a “wallet confirmation” to bind their wallet address to their Pi Network account, establishing a direct and integrated relationship between identity and assets. This binding is fundamental for identifying, tracking, and distributing assets during the migration.

Key configuration before Mainnet migration

Once the wallet is initialized, users must configure their lockup ratio before their first mainnet migration. This setting becomes fixed during the early mainnet phase and cannot be changed. A higher lockup ratio increases future mining efficiency and incentive rewards, making it a crucial strategy decision when balancing liquidity and earnings.

Besides economic configurations, account security is also essential. To prevent identity fraud and asset tampering in the mainnet environment, Pi Network requires users to strengthen security—such as enabling two-factor authentication (2FA) and verifying a phone number or email. After completing these steps, the system automatically updates the migration checklist and removes the “New Action Required” message, indicating the account is eligible for mainnet migration.

Locking a certain percentage of Pi can increase mining rate (Image Source:https://pinet.help/en/blog)

KYC and Mainnet migration execution

Pi Network uses a Know Your Customer (KYC) system to verify identity legitimacy in the mainnet. Users must submit valid government-issued identification and undergo facial recognition or manual review to confirm account ownership.

Once approved, a user’s Pi tokens accumulated during the testnet are queued for mainnet migration and gradually transferred to the previously bound wallet address, following the system’s scheduling process. This stage marks the official transition from the enclosed network to the open mainnet, granting users full access to ecosystem participation and token circulation—ultimately completing the transition to a decentralized mainnet environment.

Pi Network KYC is used to ensure that the Pioneers in the ecosystem are real individuals (Image source:https://minepi.com/blog/pi-network-kyc/)

Ecological advantages of the Mainnet era

In the process of migrating to the Mainnet, the core mechanism and technical architecture of Pi Network provide crucial support for users to complete the Mainnet Checklist. Firstly, the mobile mining mechanism, as the innovative foundation of Pi Network, allows users to easily acquire Pi tokens through their phones without expensive hardware or high energy-consuming devices, significantly reducing the entry barrier. The Pi accumulated by users before completing the Mainnet Checklist is continuously obtained through this mechanism, laying the foundation for asset transfer after the Mainnet migration.

Secondly, Pi Network’s global team layout ensures that the technical implementation and user support during the Mainnet phase proceed smoothly. Core members from Silicon Valley, the United States, Europe, and Asia continuously promote ecosystem development, feature iterations, and node deployment, ensuring the stable operation of key elements such as wallet binding, lock-up settings, and ecosystem participation in the Mainnet listing. This will also enhance the project’s adaptability in the global Web3 scene.

Pi Coin Investment Risk Warning

While Pi Network has attracted a large number of users globally in recent years and successfully listed on multiple mainstream exchanges, its operating model still faces certain compliance controversies in some jurisdictions. Currently, some countries have not yet made clear regulations on the legal status of Pi Network and its token $PI. Before trading Pi Coin, investors should fully understand local laws and regulations to avoid potential compliance risks.

In addition, there have been cases of fraud in the market using Pi currency, where some criminals, under the guise of Pi Network, promise high returns to attract investors to participate in illegal fund pools. It is recommended that investors remain highly vigilant and avoid falling into unverified investment scams, especially regarding projects that claim “Pi prices are about to skyrocket” or “offer super high returns”, please carefully verify their authenticity to avoid economic losses due to credulity.

Conclusion

With the Mainnet fully open, Pi Network is moving from a “mobile mining experiment” to a complete blockchain ecosystem, gradually unleashing network effects through its user base, consensus mechanism, and developer support. In the future, whether $Pi can gain broader practical applications and market recognition will still depend on the joint evolution of technological implementation, regulatory environment, and community consensus. For ordinary users, actively completing the Mainnet listing, paying attention to policy trends, and prudently responding to market inducements are key factors in seizing opportunities and avoiding risks in the Web3 era.