Pi Network Coin Launch: New digital currency hits crypto market! What is it, how to buy Pi Coin & more

Pi Network Coin Launch: New digital currency hits crypto market! What is it, how to buy Pi Coin & more

Pi Network Coin Goes Live: A New Era in Mobile Cryptocurrency Mining

Published: February 20, 2025, 08:09 PM IST | Author: Nikita Prasad

The Pi Network Coin has officially launched on the Open Mainnet, marking a historic moment in the cryptocurrency market. With this transition, Pi Coin is now listed on major crypto exchanges, including OKX, Gate.io, Bitget, and CoinDCX, enabling users to buy, sell, and trade the digital asset like any other cryptocurrency.

Pi Network Coin Goes Live on Major Exchanges

On February 20, 2025, at 08:00 AM UTC, Pi Network ended its enclosed mainnet phase—active since December 2021—ushering in a new era where Pi Coin is fully tradable on global markets. This shift allows millions of users to transfer their mined Pi Coins from the testnet to the mainnet, integrating them into the broader cryptocurrency ecosystem.

With over 110 million app installations and an average of 110,000 daily downloads, Pi Network has built a strong presence in the crypto space. On February 17 alone, more than 540,000 new users joined the network. The Pi Network app now ranks #4 in the Social category on the Google Play Store, trailing only Facebook and Instagram.

What is Pi Network Coin?

Pi Network is a blockchain-based community that allows users to mine Pi Coins using their mobile phones—without specialized hardware. Founded in 2019 by a group of Stanford graduates, Pi Network aims to democratize cryptocurrency mining, making it accessible to a global audience.

Unlike Bitcoin, which requires power-intensive mining rigs, Pi Coin can be earned through daily check-ins on the Pi Network app. The network operates on an energy-efficient consensus mechanism and utilizes a unique crowd-scaled KYC system to ensure security and identity verification in Web3 applications.

How Does Pi Network Operate?

Since December 2021, Pi Network has been running on its Mainnet blockchain under an "enclosed network" phase, restricting external transactions. During this period, users had to complete Know Your Customer (KYC) verification to transfer their mined Pi Coins. Now, with the launch of the Open Mainnet, these restrictions have been lifted, and Pi Coin is officially available for trading on select exchanges.

How to Buy and Trade Pi Coin

Users can start trading Pi Coin on supported exchanges by following these steps:

1. Download the Pi Network App – Available on Android and iOS.
2. Start Mining – Tap the lightning bolt icon daily to earn Pi.
3. Build a Security Circle – After three days, add 3-5 trusted contacts to boost mining rates.
4. Refer Friends – Increase earnings by inviting new users.
5. Engage with the App – Participate in polls, chats, and other platform activities.
6. Understand Network Roles – Learn about Pioneer, Contributor, and Ambassador roles to maximize mining potential.

Pi Coin Price and Market Performance

At 8:50 PM IST, Pi Coin was trading at $0.91, with a 24-hour trading volume of $811,776,373 and a fully diluted valuation of $8.91 billion, according to CoinGecko. Earlier in the day, Pi Coin reached an all-time high of $1.97 at 2:25 PM before stabilizing under $1.

Challenges and Future Prospects

Despite the enthusiasm surrounding Pi Network’s launch, challenges remain:

• Market Uncertainty – Pi Coin’s long-term viability depends on adoption and external partnerships.
• Regulatory Compliance – Governments worldwide are tightening crypto regulations, which could impact Pi Network’s growth.
• Competition – With thousands of digital currencies available, Pi Network must differentiate itself to sustain its market position.

Final Thoughts

The launch of Pi Network’s Open Mainnet represents a significant step forward in making cryptocurrency mining more accessible. However, investors should remain cautious as Pi Coin’s value remains highly volatile. While the project shows promise, its long-term success will depend on continued development, regulatory compliance, and mass adoption.

Disclaimer: The views expressed in this article are those of individual analysts or brokerage firms. Investors are advised to conduct thorough research and seek expert financial advice before making any investment decisions.