March 11, 2025 – In a long-awaited announcement, the Pi Core Team has finally confirmed the Open Mainnet launch for Q2 2025, ending years of speculation and frustration among its 50+ million users. Here’s what you need to know:

1. Open Mainnet Launch Details

  • Launch Date: June 30, 2025 (subject to regulatory approvals).

  • Key Features:

    • Withdrawals Enabled: Pi Coins can be transferred to external wallets and exchanges.

    • Public Blockchain: Pi’s blockchain will be fully decentralized and open to developers.

    • Smart Contracts: Support for DeFi, NFTs, and dApps goes live.

  • Requirements:

    • Users must complete KYC verification and migrate coins to the Pi Wallet.

    • “Lockup” participants can adjust staking terms before the launch.

2. Exchange Listings Confirmed

Major crypto exchanges have announced plans to list Pi Coin post-launch:

  • Binance: Will support PI/BTC and PI/USDT pairs.

  • Coinbase: Evaluating PI for listing pending compliance checks.

  • Kraken: Confirmed PI/EUR trading.

Note: Unofficial “IOU” tokens on platforms like Huobi will be delisted to avoid confusion.

3. Regulatory Hurdles and Compliance

  • SEC Scrutiny: The U.S. SEC has demanded clarity on whether Pi qualifies as a security. Pi’s team claims it is a utility token.

  • EU Approval: Pi Network complies with MiCA (Markets in Crypto-Assets) regulations, easing European adoption.

  • Restricted Regions: Users in China, Iran, and Russia may face access limitations.

4. Ecosystem Growth

Pi’s Testnet Ecosystem has expanded to 200+ apps, including:

  • PiPay: A payment gateway partnering with 5,000+ merchants in Southeast Asia.

  • PiDex: A decentralized exchange with near-zero fees for PI swaps.

  • NFT Marketplace: Hosts digital art from 10,000+ creators.

5. Price Speculation and Market Sentiment

  • Pre-Launch Estimates: Analysts project Pi could debut between 10–10–50, depending on exchange liquidity.

  • Community Buzz: The hashtag #PiOpenMainnet is trending globally, with mixed reactions. Some users threaten lawsuits over delays, while others celebrate the milestone.

6. Security Warnings

  • Scam Alerts: Fake Pi wallets and phishing sites like “PiWithdraw[.]com” target users. Pi’s team urges downloading apps only from official sources.

  • Node Incentives: Users running Pi Nodes will earn bonus tokens for maintaining network security.

What’s Next?

  • March 20, 2025: Final KYC deadline for early adopters.

  • April 2025: Testnet-to-Mainnet migration tutorial released.

  • June 2025: Open Mainnet goes live; PI trading begins.

How to Prepare

  1. Complete KYC: Ensure your Pi app profile is verified.

  2. Transfer to Pi Wallet: Move coins from your mining account to the secure Pi Wallet.

  3. Avoid Scams: Ignore “early withdrawal” offers or PI presales.

  4. Stay Updated: Follow NewsBuddy.website for real-time alerts.