Pi Network Launch Date: Everything You Need to Know About the Open Mainnet

After being announced way back in the bygone era of pre-COVID and facing multiple delays, it seems the long-awaited launch is finally within reach! And I’m sorry, gamers—I’m not talking about GTA VI (though I know you’ve been waiting for that, too). I’m talking about the Pi Network launch date for its Open Mainnet phase—a moment many in the crypto community have been anticipating.

Marketed as “The first digital currency you can mine on your phone,” Pi Network’s supposedly revolutionary, energy-light mining method has contributed to its growing popularity and kept it firmly in the spotlight. Just take a look at its dominance on trackers like BitDegree, where Pi consistently tops the trending charts.

But when exactly will the mainnet launch? More importantly, will the Pi coin finally hit popular exchanges like Binance, Kraken, or Uphold for trading? Let’s find out!

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When Is the Pi Network Launch Date?

The Pi Network launch date for its Open Network is officially scheduled for the first quarter of 2025. This update was confirmed by Nicolas Kokkalis, one of the network’s founders, signaling a significant step forward as the project transitions from its current Enclosed Mainnet phase to the much-anticipated Open Mainnet phase.

But don’t pop the champagne just yet! This timeline still hinges on clearing some significant hurdles. And let’s not forget that Pi Network has delayed the launch multiple times already.

According to the team, the delays are tied to the sheer scale of preparations needed. A major roadblock is the Know Your Customer (KYC) process, which aims to verify millions of users.

So far, over 18 million “pioneers” have completed KYC, but only 9 million have successfully migrated to the mainnet. That leaves a gap of 1 million users to reach the network’s 10 million migration goal.

You might ask—why not just launch now and let the rest catch up later?

Well, the team claims this gap could affect the network’s long-term stability after the mainnet goes live. To ensure inclusivity and a stronger foundation, they’ve extended the KYC grace period to January 31, 2025, giving more users time to verify their identities and join the migration.

If all goes as planned, the developers expect to surpass the migration target and launch the mainnet in the first quarter of 2025, possibly as early as January or February.

While reaching 1 million more migrations seems achievable in a short time—especially with recent reports indicating 500,000 migrations in a single week—it’s important to remember that nothing is guaranteed yet. 

Much depends on users completing their KYC process and completing the transfer process. Additionally, some discussions suggest there might be some technical issues that could potentially slow things down.

If you’re among those eagerly asking, “Will Pi coin ever launch, and can I start selling it right now?”—I know it’s thrilling, but I’d advise keeping things realistic. Delays due to migration hiccups or unforeseen challenges from the team could still push the launch further.

For now, patience is key as we wait for the mainnet to (hopefully) go live in early 2025.

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Will Pi Coin Ever Launch on Major Exchanges?

Many users are eager to know if and when the native token will be listed on major cryptocurrency exchanges following the Pi coin mainnet launch. To be blunt, no one knows for sure.

As of writing, the Pi coin is still confined to its "enclosed" phase. This means that while users can utilize it to participate in certain Pi Network activities and contribute to its development, they cannot trade, buy, sell, or use the tokens outside the ecosystem.

"Okay, so, will Pi coin launch on Binance immediately after the mainnet goes live?” Well, not so fast.

You see, for a token to be listed on major centralized exchanges (CEXs), it must go through a rigorous and highly scrutinized process. Platforms like Kraken and Uphold don’t just accept any token—they carefully evaluate each one to ensure it’s reliable, legitimate, and compliant with regulations.

Take Binance, for example. Their application process requires projects to submit detailed documentation covering key aspects such as technology, minimum viable product, team credentials, user adoption, and roadmap. They also assess factors like market demand, token liquidity, and community engagement before deciding whether to list a token.

On the other hand, decentralized platforms (DEXs) typically have fewer barriers to token listings^[1] compared to their centralized counterparts. This makes it more likely that Pi coin could debut on a DEX before reaching high-profile CEXs.

For now, the focus should remain on the reality of the situation: Pi Network is still closed to the public. Instead of asking, “When will Pi coin launch on Coinbase, Binance, or other major platform?” it’s better to patiently wait for the official mainnet launch and see how the story unfolds.

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Can You Buy Pi Coin Now?

I’m not going to beat around the bush here—no, you can’t buy Pi coin just yet.

As mentioned, the network's mainnet isn't open to the public yet, which means that the coin isn’t available for use outside of its own ecosystem. So, you'll have to wait until Pi Network officially opens its mainnet before you can trade the coin on any CEXs or DEXs out there.

“But hold on, I’ve seen Pi coin listed on platforms like BitMart and HTX!”

Well, you see, what you’re seeing on those platforms isn’t the real Pi coin. It’s something else called a Pi IOU.

An IOU, or “I Owe You,” is essentially a promise or acknowledgment of debt, commonly used in various industries—and crypto is no exception.

The listings you see on exchanges like BitMart and HTX are placeholders, representing a promise by those exchanges to swap them for actual Pi tokens once the mainnet goes live. That said, the IOU isn't the real Pi coin.

As of writing, no exchanges offer the actual coin for trade. Any listings you see are merely speculative proxies, not the real deal.

“Alright, but won’t the real Pi coin price match the IOU price when it launches?”

Honestly? It’s anyone’s guess. Maybe it will, maybe it won’t—no one really knows. Until the network’s mainnet officially launches and Pi is publicly tradable, the actual value of the coin itself remains a mystery.

Also, let me offer a word of caution if you’re considering buying these IOUs while waiting for the launch date. This type of investment is highly speculative and comes with significant risks. There’s no guarantee that Pi will gain or even retain the value represented by the IOUs after it goes live.

In addition, conversion policies may vary between exchanges. This means there’s no assurance that these IOUs will be honored consistently across different platforms. If you’re thinking about taking this route, proceed with extreme caution and ensure you fully understand the risks before making any decisions.

Related: How to Buy & Sell Pi Coin in 2025: An In-Depth Breakdown

What to Expect from the Open Mainnet?

While it’s difficult to predict exactly what the Pi Network launch date will bring in terms of market value, we can still make some educated guesses based on the promises outlined by the team so far.

Do a quick search, and plenty of people call the Open Mainnet a "game-changer" for the network and its users. And honestly, the hype is no surprise. After years of waiting, this launch is expected to transition the network into a fully decentralized blockchain ecosystem.

From peer-to-peer transactions to decentralized applications (dApps), Pi Network Open Mainnet is set to introduce features that could significantly boost the network’s utility and value. Here’s a breakdown of what’s being promised.

• Direct Transactions. If delivered as promised, users could perform transactions directly on the blockchain without intermediaries, which may make payments faster and more efficient.
• Smart Contract Support. The network aims to support smart contracts, potentially enabling automated and complex agreements that could foster innovation and expand utility.
• dApps Hosting. The Pi Network envisions hosting a variety of dApps, possibly ranging from financial tools to entertainment platforms, to broaden the ecosystem’s use cases.
• Enhanced Security and Scalability. Promised improvements in security protocols and scalability could help the network handle increased activity while ensuring user safety.

Building on its "revolutionary crypto mining" protocol, these features are designed to position Pi Network as a fully operational blockchain ecosystem, offering a smoother, safer, and more efficient experience while unlocking new opportunities.

Opportunities for Users and Developers

When the Pi coin Mainnet launch date finally arrives, users can use their tokens for peer-to-peer payments, purchase goods and services, and engage with a variety of dApps on the blockchain.

For developers, the launch will offer opportunities to deploy their own dApps on the network. These applications could cater to a variety of industries and use cases, ranging from payment systems to entertainment platforms or even something entirely new.

By providing the tools to build and innovate, Pi Network aims to create a thriving decentralized ecosystem that benefits everyone—pioneers and creators alike.

Further Reading: How to Avoid DeFi Scams While You Trade on dApps?

Market and Trading Prospects

With the Pi coin launch date approaching, the native token is expected to leave the enclosed ecosystem and could eventually be listed on exchanges. That said, when or where it will become available for trading is still uncertain. These listings will depend on meeting specific criteria, especially on CEXs, where factors like regulatory readiness and ecosystem maturity are important.

So, if you’re a pioneer who has mined many tokens and is wondering, “Will Pi coin launch on Binance, Kraken, or any major exchange?” My advice is to keep your expectations in check. It might take some time before you can sell it—but who knows? Anything’s dynamic in the crypto space.

As for potential, the network claims to have over 60 million active users already. This massive user base could lead to considerable trading activity when the tokens finally hit the market.

But again, let’s stay grounded. Predicting Pi’s market performance at this stage is pure speculation. Until the network is fully operational and the coins are publicly available, there are simply too many unknowns. It's best to wait patiently, stay level-headed, and see how it all plays out.

Governance and Community Involvement

The network's structure is anticipated to evolve following the launch. According to the Pi team, the governance model prioritizes decentralization and seeks to ensure that the community plays a meaningful role in shaping the network’s future.

To support this vision, they’ve been working on different tools to encourage a more member-driven approach. One of the big concepts they’re exploring is Pi Brainstorm, which they imagine as a kind of hub where pioneers and developers can team up, share ideas, and work together to bring them to life.

I know that sounds promising, but it’s still mostly a concept. The application hasn’t fully come together yet, and its success will depend on how much the community gets involved and how well the network can sustain long-term innovation.

How to Prepare for the Pi Network Mainnet Launch?

While I’ve said that the key here is to be patient and wait, there are still some ways you can actively participate while preparing for the promised Pi coin launch date to finally arrive. Here are some things you can do:

• Complete KYC Verification and Mainnet Migration. If you’re an active user, ensure you finish the KYC process and meet all migration requirements. Since this process isn’t automatic, it’s important to follow all the steps outlined in the provided checklist. Missing any of these actions could result in losing access to your Pi!
• Stay Updated on Key Announcements. A lot is happening behind the scenes as the Pi coin mainnet launch date approaches. Keep an eye on updates in the official blogs, forums, or social media to avoid missing deadlines or opportunities.
• Connect with the Community. Join forums or social media groups where pioneers discuss updates, share experiences, and troubleshoot issues. These platforms can help you stay informed and find advice from others navigating the same process.
• Prepare for the Open Network. If you’re a merchant, consider exploring ways to integrate Pi coin into your business and use the ecosystem to sell products or services. On the other hand, developers should finalize their applications and prepare to migrate their projects to the mainnet to take full advantage of its decentralized features.

By taking these steps, you’ll be well-prepared for the anticipated Pi Network launch date. Whether you’re a user, merchant, developer, or a casual crypto fan, preparing now gives you the best chance to fully capitalize on the opportunities—or brace yourself for the challenges—the next chapter might bring.

The Long Road to Open Mainnet: Pi Network Roadmap

If you’ve been keeping up with Pi Network launch date updates or actively engaging with the community, you know the journey hasn’t been smooth. It’s been a long road, filled with delays, uncertainty, and lingering concerns about whether the network would ever deliver on its promises.

Now, with the Open Mainnet phase feeling closer than ever, those doubts haven’t entirely disappeared. Questions about whether the launch will finally happen in early 2025 still hang in the air. So, how did we get here? Let’s take a closer look at the roadmap that has shaped the path so far.

Phase I: Beta Launch (2019)

The journey started back in December 2018 with the release of Pi Network's mobile app as an alpha prototype. This first step brought in the initial pioneers—people intrigued by the project’s vision of a decentralized ecosystem that anyone could access.

By March 14, 2019, the project was officially launched, complete with its whitepaper. This document outlined an ambitious goal: making crypto mining simple and accessible to everyday people using just their mobile devices.

The idea of mining without the energy-heavy demands of traditional methods quickly resonated with many others. It didn’t take long for a global community to form, drawn by the idea of contributing to a project that felt both practical and forward-thinking.

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Phase II: Testnet (2020)

On March 14, 2020—exactly one year after its official launch—Pi Network entered the next phase in its journey toward decentralization. This stage introduced a live Testnet with nodes run by community members across the globe.

The Testnet focused not only on refining the blockchain’s technical aspects but also on giving developers and pioneers a chance to explore its capabilities. It created an environment where they could build and test applications using Test-Pi tokens.

By operating nodes, providing feedback, and experimenting with new features, the community played an important role in shaping and preparing the ecosystem for future growth.

Phase III Part 1: Enclosed Mainnet (2021-Present)

In December 2021, Pi Network entered its third phase with the launch of the Enclosed Mainnet. This was an important step forward for the project, as the blockchain became fully operational—though still limited to a restricted environment.

To keep things secure and under control, the network implemented a firewall to block external connections. This setup gave the team the breathing room they needed to develop key features and fine-tune the ecosystem without outside interference.

During this phase, pioneers were encouraged to complete their KYC verification and migrate to the mainnet. At the same time, developers were invited to create dApps, and merchants were urged to explore opportunities to integrate Pi into their businesses. All of this was meant to lay a strong foundation before the next phase could begin.

Yet, despite these efforts, progress seems to have stalled. Several years have passed since the Enclosed Mainnet was introduced, with repeated delays continuously pushing the timeline forward.

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Phase III Part 2: The Open Mainnet (Coming Soon?)

The next step for Pi Network is the Open Mainnet, which aims to unlock the full potential of its decentralized blockchain. This transition depends on achieving two critical milestones: achieving KYC verification for a substantial portion of Pioneers and establishing a strong ecosystem within the current enclosed environment.

This phase will begin with the removal of the firewall implemented during the Enclosed Mainnet period. Lifting these restrictions will allow external connectivity, enabling interaction with other networks, wallets, and anyone interested in connecting to the Pi Mainnet.

The team has announced a potential launch in early 2025. That said, no exact launch date has been confirmed, leaving room for uncertainty. This is especially true for long-time pioneers who, after years of mining, are eager to know when precisely the mainnet will go live and when will Pi coin launch on Binance, Uphold, or other exchanges so they can finally trade their holdings.

Why the Hype Around the Pi Network?

The Pi Network has gained massive popularity for its bold ambition to redefine the digital currency landscape. Developed by Stanford PhDs, it claims to democratize crypto mining, making it accessible to anyone with a smartphone.

This is a big deal because traditional mining (think of Bitcoin) requires expensive hardware and consumes massive amounts of energy,^[2] making it unattainable for most people.

Pi flips the script, claiming it can simplify the process through breakthrough technology that lets you mine crypto on your phone without draining your battery or wallet.

Using its Pi Network mobile app, the project turns mining into something as simple as tapping your phone. Install the app, log in, press a button, and repeat every 24 hours to watch your Pi balance grow.

But here’s where things start to get murky.

To transfer your mined Pi, you must complete a KYC process, which involves submitting personal documents like your national ID or passport. While this kind of verification is standard practice in financial services, many users have raised concerns about how securely Pi Network handles such sensitive information.

Another sticking point is the frequent appearance of ads. Users have reported advertisement banners that keep popping up when they tap the “mine” button. This has fueled skepticism, with some questioning whether the app is more focused on generating ad revenue than on actual mining.

So, while the network’s vision of making crypto mining simple and accessible is undeniably appealing, it hasn’t escaped doubts and concerns. Whether it will fulfill its ambitious promises or remain an intriguing but flawed idea is still up for debate.

We’ll just have to wait for the Pi coin mainnet launch and see if it lives up to all the hype.

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Conclusions

While the official team has announced that the long-awaited Pi Network launch date is set for the first quarter of 2025, doubts still linger due to the project’s history of delays. Plus, people are still wondering whether the network can sustain its massive user base and actually deliver on its promises once it becomes publicly accessible.

This hits especially hard for pioneers who’ve been mining for years, waiting to finally cash out. But here’s the thing: it’s still unclear when or where these coins can actually be traded. Even with the Pi coin mainnet launch inching closer, the timeline for hitting major exchanges is still a big question mark.

If you’re among those waiting, the best piece of advice I can give is to stay informed. Keep a close watch on updates from the core team, and consider tracking platforms like Binance or Kraken to see if and when Pi might make its debut on these leading exchanges.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Aspris A., Foley S. Svec, J., et al.: 'Decentralized exchanges: The “wild west” of cryptocurrency trading';

2. Siddique I., Smith E., Siddique A.: 'Assessing the sustainability of Bitcoin mining: Comparative review of renewable energy sources'.