Pi Network Mainnet Faces Another Delay Ahead of Major Exchange Listings

Initially expected to go live sooner, the new deadline has now been pushed to February 28, 2025.

This delay has sparked frustration, with many fearing that repeated extensions might impact Pi Coin’s potential listing on major exchanges.

KYC and Mainnet migration deadline extended to February 28, 2025 | Source: Pi Network

Despite this setback, Pi Network continues to gain traction. A major milestone was recently achieved when the network successfully verified 10 million users through its Know Your Customer (KYC) process – a crucial step for a secure and credible ecosystem. Additionally, the Pi Network has warned 15 million users to follow only official accounts to avoid misinformation.

Pi Network successfully migrated 10 million users | Source: Pi News

Pi’s developers have consistently maintained that the Mainnet launch would be contingent on three major conditions. The first two—a successful KYC rollout and external regulatory factors—have already been met. However, the third condition, which requires at least 100 decentralized applications (dApps) to be ready, is still in progress.

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At present, 80 to 85 applications are available, and the team is pushing forward to close the gap. The Pi Core Team has assured the community that they are working tirelessly to bring in more applications, ensuring a strong and functional ecosystem upon launch.

To ease concerns, developers have reiterated that the Open Mainnet remains on track for Q1 2025. They have also urged users to complete their KYC verification and migrate their coins to the Mainnet before the final launch. Any delays in this process could lead to users losing access to their Pi holdings.

Pi Network to launch Open Network in Q1 2025 | Source: Pi Network

Meanwhile, the crypto world has been buzzing with speculation regarding Pi Coin’s potential exchange listings. Although no official announcements have been made, reports suggest that Binance and OKX are considering listing the altcoin. However, Pi Coin is already listed on platforms such as Bitmart, HTX Global, and CoinW, though trading has yet to commence.

Despite its Mainnet delay, Pi Coin has seen an astronomical price surge of over 22,800% in the last 10 months. With a massive 35+ million engaged users, the network continues to attract investors eager to capitalize on its upcoming launch.

Pi Network’s blockchain technology aims to go beyond simple transactions. The ecosystem is being designed to support Web 3.0 applications, offering developers a space to build decentralized applications (dApps) while maintaining a mobile-friendly mining mechanism.

Market projections suggest that Pi Coin could reach an annual high of $80 in 2025, provided market conditions remain favorable. However, a bearish trend, increased liquidation, or further delays could see Pi dropping to as low as $10 by year’s end. Analysts predict that under normal conditions, Pi could trade at an average price of $45 in 2025.