Pi Network to Launch Mainnet on February 20, 2025 – What You Need to Know

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After more than six years of anticipation, Pi Network has officially announced the launch of its mainnet. According to a recent blog post from the official team, the Open Network will go live on February 20, 2025, at 8:00 AM UTC—which translates to 4:00 PM local time in Taiwan. This milestone marks a pivotal moment for one of the most talked-about mobile-based cryptocurrency projects in recent history.

"Thanks to the hard work and dedication of the entire Pi community over the past six years, we are now taking the next step toward realizing Pi’s vision: building the world’s most inclusive peer-to-peer ecosystem and digital experience, powered by Pi—the native currency of Pi Network."

The announcement highlights that the project has already surpassed key development goals, including over 10.14 million mainnet migrations, exceeding its original target of 10 million. With more than 19 million verified Pioneers (users who have completed identity verification), Pi is now poised to enter a new phase defined by utility and real-world applications.

On launch day, users can expect further updates about the Open Network’s functionality, ecosystem integrations, and tools for developers and early adopters. But before diving into what’s next, let’s take a closer look at how Pi got here—and what the future might hold.

What Is Pi Network and How Does It Work?

Pi Network launched in 2019 with a bold promise: make cryptocurrency mining accessible to anyone with a smartphone. Unlike traditional blockchain networks that require energy-intensive hardware, Pi allows users to mine its native token—simply called Pi coin—through a mobile app by tapping a button daily and inviting trusted connections.

This frictionless onboarding process helped Pi grow rapidly, amassing tens of millions of users globally without requiring technical knowledge or upfront investment. However, critics have long questioned the project's legitimacy due to its prolonged absence of a public mainnet and lack of exchange listings—until now.

For years, Pi operated under a “closed mainnet” model, meaning mined coins couldn’t be transferred outside the ecosystem or traded on open markets. Verified users could only conduct peer-to-peer transactions within the app. This limited functionality fueled skepticism, with many labeling it a potential scam or vaporware.

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But with the official mainnet launch confirmed, Pi is transitioning into a fully functional blockchain network where Pi coins will gain real economic utility and interoperability.

OKX to List Pi Coin at Mainnet Launch

In a major validation move, OKX, one of the world’s leading cryptocurrency exchanges, announced it will list Pi coin for spot trading in sync with the mainnet launch.

Key timeline details:

This integration with a top-tier exchange significantly boosts Pi’s credibility and liquidity potential. For millions of Pioneers who’ve mined Pi over the years, this represents their first opportunity to trade their holdings on an open market.

Huobi IOU Surges Amid Mainnet Hype

Even before official exchange support, speculative trading around Pi has been ongoing through IOUs (I Owe You) contracts on platforms like Huobi (HTX). These are not actual Pi tokens but rather synthetic representations traded in anticipation of future availability.

Despite lacking withdrawal capabilities since its initial listing in late 2022, Huobi’s Pi IOU saw explosive price action following the mainnet announcement. The contract briefly surged past $100**, settling around **$80 at the time of writing—an increase of over 70% in just 24 hours.

While IOUs carry higher risk due to counterparty exposure and lack of direct asset backing, their volatility reflects strong market sentiment ahead of the mainnet release. As real token trading becomes possible, these IOUs may gradually lose relevance—or serve as early indicators of demand.

Frequently Asked Questions (FAQ)

Q: Is Pi Network a scam?
A: While skepticism was justified during its pre-mainnet phase due to lack of transparency and tradability, the launch of a public mainnet and listing on reputable exchanges like OKX suggest Pi is moving toward legitimacy. True value will depend on adoption and utility post-launch.

Q: Can I withdraw my mined Pi now?
A: Not yet. Withdrawals will only be possible after migration to the Open Network is complete and exchanges enable deposits/withdrawals. OKX plans to support withdrawals starting February 21, 2025.

Q: How do I prepare for the mainnet launch?
A: Ensure your account is KYC-verified in the Pi app, migrate your balance to the mainnet wallet when prompted, and secure your recovery phrase. Also consider linking your Pi account to decentralized wallets for future interoperability.

Q: Will all Pi mined during the closed phase be tradable?
A: Only verified balances held by authenticated Pioneers will be eligible for migration. Unverified accounts or those flagged for suspicious activity may face restrictions.

Q: What determines Pi’s market value after launch?
A: Like any cryptocurrency, value will be driven by supply-demand dynamics, exchange liquidity, real-world use cases, developer activity, and community trust—all of which will unfold in the coming months.

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The Road Ahead: Utility Over Hype

With mainnet live and exchange listings confirmed, Pi Network must now shift focus from user acquisition to ecosystem development. The real test lies in building meaningful applications—such as decentralized finance (DeFi), NFT marketplaces, or cross-border remittances—that give Pi coin tangible utility beyond speculation.

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The journey from concept to open network has been long—but for millions of early believers, February 20, 2025, could mark the beginning of a new chapter in inclusive digital finance.

As excitement builds and trading begins, one thing is clear: Pi is no longer just an experiment. It’s entering the real world of blockchain innovation—and the world is watching.

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