Last Updated:
Pi Network urges users to complete KYC and migrate to the mainnet by March 14, 2025. The Pi token dropped 2.34% to $1.38, with a 24.08% volume decrease. Regulatory issues remain.
Pi Network migration refers to the transfer of users’ Pi cryptocurrency from the test environment (Testnet) to the official blockchain (Mainnet).
Pi Network Migration Deadline: The approaching deadline for migration of Pi network has fueled uncertainty among users and investors. Binance in the intimation said that no extension to Pi users will be given further than March 14, 2025. They need to complete the KYC verification and migrate to the mainnet.
Ahead of the migration deadline, Pi network slipped 2.34 per cent to lower at $1.38 per token by the time of writing this report. In the past 24 hours, the volume of Pi network fell 24.08 per cent to $64.62 million.
Over the past seven days, the Pi coin saw the weak momentum with a fall of -20.43 per cent.
The deadline coincides with Pi Network’s sixth anniversary, marking a significant milestone. To avoid losing most of your accumulated Pi, ensure both KYC and Mainnet migration are completed by 8:00 am UTC on March 14, 2025. Only Pi mined within the final six months before migration will be safeguarded.
What Is Pi Network Migration Mean And How Does It Work?
Pi Network migration refers to the transfer of users’ Pi cryptocurrency from the test environment (Testnet) to the official blockchain (Mainnet). This transition helps Pi holders to use their tokens in a broader ecosystem beyond the Pi app, according to Thangapandi Durai, CEO at Koinpark.
To migrate Pi tokens, users must complete Know Your Customer (KYC) verification, which confirms they are real individuals. The Pi Core Team has set a deadline for users to complete KYC and move their tokens to the open mainnet. If users fail to do this, their unverified tokens may be lost. This requirement helps keep the network secure and prevents fraud, he added.
Once migration is complete, Pi holders will be able to engage in transactions within the open mainnet, allowing for external blockchain interactions and potential integrations with exchanges and third-party applications.
Durai said that open mainnet access means Pi Network will fully connect to the broader blockchain ecosystem. Users will be able to transact Pi freely outside the enclosed network. Once live, Pi holders can transfer tokens without restrictions and integrate with external wallets. They may also have the chance to trade Pi on crypto exchanges.
Will It List Soon On Binance?
Adding to the anticipation, Binance’s recent adoption of a new token listing model has sparked speculation about a potential Pi Network listing in the near future.
Durai said despite this overwhelming support, Binance has not officially confirmed the listing, indicating that Pi Network must continue to demonstrate strong security measures, regulatory compliance, and sustained user engagement to meet the stringent criteria required by major exchanges.
Regulatory Uncertainty And Its Impact On Pi Network
US regulatory ambiguity, particularly post-Trump’s crypto summit, poses risks for smaller cryptocurrencies like Pi. Stricter regulations could hinder adoption or force compliance changes, impacting Pi’s timeline and usability, said Durai.
However, Pi’s focus on KYC compliance and gradual mainnet rollout may align with regulatory trends. Uncertainty delays institutional trust and exchange listings, critical for liquidity. Smaller projects like Pi must satisfy evolving frameworks to avoid legal challenges, making regulatory clarity vital for mainstream acceptance, he added.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
