Pi Network, which has a smartphone of thousands of crypto users with a click-win mining, is now ready to take part in stock markets. Pi Network Coin Mainnet transition is approaching, and in this process, 5 important details that the community should know stands out.
What you need to know about Pi Network Coin
What is Pi Network Coin basic mission?
While traditional crypto currencies such as Bitcoin (BTC) and Ethereum (ETH) are using Proof-of-Work (Pow) or Proof-of-of-Stake (POS) mechanisms, Pi Network adopts a different model.
This project works through a mobile application with a Stellar Consensus Protocol (SCP) -based, energy -efficient mining process. The main purpose of Pi Network is to make access to digital assets possible for everyone. This vision, which has been going on for 10 years, has attracted the attention of millions of people around the world.
Pi Network uses the slogan “Pi facilitates crypto mining” on its official website.The transition to Mainnet begins on February 20, 2025
Pi Network, which has been operating in a closed test network for a long time, is now switching to open main network. This transition, which has been postponed several times before, will formally take place as of February 20, 2025. In this way, Pi Coin will take an important step for fully integration.
With the introduction of Mainnet, users will be able to trade with Pi Coin, purchase and sell on supporting stock exchanges and shop at the Pi Network ecosystem.
KYC Verification Mandatory
Users who want to participate in the main network need to complete the authentication (KYC) process. In line with the demands from the community, the deadline for the KYC process and the main network passage was extended until February 28, 2025. Users who complete the KYC process will be able to transactions by transferring Pi Coins from mining to the main network.
To date, more than 10 million accounts have successfully moved to the main network. However, users who do not complete the KYC process may face restrictions on exporting Pi tokens or full access to the Pi ecosystem.
Community and adoption rate is increasing
Pi Network’s success will be measured not only by the opening of the main network, but also by adopting the real world. The project team continues to work to create an ecosystem where users can buy goods and services with Pi Coin. As of now, more than 20 main network applications, which offer various services at the Pi ecosystem, have become activated.
The value and demand of Pi Coin may be strengthened in the coming process by adopting more business and application. The introduction of the open main network is seen as one of the biggest steps of the project on its wide -scale adoption.
Pi Network CoIN is preparing to be listed on crypto exchanges
With the opening of the main network, Pi Coin is expected to be listed on more crypto exchanges. Currently, Mexc Exchange has become one of the first platforms to list Pi Coin. Kriptokoin.comAs we have quoted, the Binance Community announced that they will list Pi Coin on February 20, such as htx, gate.io and bitget.
According to the survey data carried out by Binance, 85 %of the participants support the listing of Pi Coin. The vote will continue until February 27, and new developments may occur in this process.
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