Which date exactly is Pi Network going to launch? How much is Pi worth, and what about those not done with the KYC? Recently, I’ve been getting a lot of questions about Pi Network and the associated app, where you can “mine” Pi coins. Currently, Pi has no value, but could you make a lot of money with it in the future? Yes, it’s a 50/50 thing. I said yes because Bitcoin, Ethereum, and all other altcoins started with the same mining phase, but the Pi network has taken much longer to launch. Who knows? “They say the patient’s dog eats the fattest bone.
However, if you are yet to install the free Pi Network app, are having issues with KYC, or are looking forward to selling your Pi coins ASAP before the launch date, this article is for you. I will be showing you the easiest process to do that and giving you my honest opinion about Pi Network.
Key Point
- Pi Network allows users to mine Pi coins via its app, with the Open Mainnet launch anticipated in the first quarter of 2025.
- Currently, Pi coins hold no official market value until trading begins post-launch.
- The Know Your Customer (KYC) process is mandatory for Mainnet migration, requiring a government-issued ID and liveness check.
- While Pi Network shows promise, concerns include the lack of transparency, data security risks with KYC, and similarities to pyramid schemes.
- The potential future value of Pi coins hinges on its ecosystem and adoption.
What is Pi Network?
Pi Network is an app where users log in every day and click a button to supposedly mine cryptocurrency Pi. However, the currency you “mine” isn’t traded anywhere yet, so it has no value at this moment.
To reach a higher level, you need to invite more users to the platform, which generates more digital currency per click.
I personally started using the Pi Network app in 2021. For months, I clicked the button daily, growing my Pi balance and even inviting friends to increase my mining rate. It felt simple, but I kept wondering, “When will all this effort pay off?” That curiosity kept me engaged, even though Pi had no immediate value.`
The Team Behind Pi Network and the App
The Pi coin and app were created by three Stanford students: Vince McPhilip, Nicolas Kokkalis, and Chengdiao Fan. They developed the Pi network app to mine coins, which was launched on March 14, 2019, also known as ‘Pi Day.’
Pi Network Market Cap Surge by 2025
By December 2024, Pi Network reported over 18 million users who had completed the Know Your Customer (KYC) process, with more than 8 million having migrated to the Mainnet. The Open Network launch is scheduled for the first quarter of 2025.
Additionally, the Pi Network app has surpassed 100 million downloads.
How to Download & install Pi Network on your iOS device:
- Go to your iPhone App Store and search for Pi Network.
- Once you see the Pi App on the listings, click on the Pi App and download it.
- After Pi Network is downloaded, you’ll see an INSTALL button to the right. Tap on it to start the actual installation of the iOS app.
- Once installation is finished, you can tap on the OPEN button to start it. Its icon will also be added to your device’s home screen.
How to Mine Pi Network
When you are done installing the free Pi Network app on the App Store for iOS users and the Play Store for Android users, then follow these steps:
#1. Create an Account
After installing the app, open it and register by providing basic information such as your name, email, and phone number. Make sure the information you provide is accurate, as it will be used for account verification.
#2. Verify Your Identity
Pi Network uses a Know Your Customer (KYC) process to ensure security and compliance. You’ll need to verify your identity by uploading valid identification documents. This step helps confirm the legitimacy of users and prevent fraud. I will show you how to do the pi network kyc below.
#3. Start Mining
Once your account is verified, you can begin mining Pi coins. Simply activate the daily mining feature within the app with just one click. This process requires minimal computational power, so it won’t put strain on your phone.
#4. Build Your Network
To increase your mining rate, invite friends and family to join Pi Network. By adding more people to your security circle, your mining rate will grow, allowing you to mine more Pi coins. The larger your network, the more coins you can earn.
How do I get KYC in Pi Network?
To be eligible for the KYC process, you must be at least 18 years old. You will need to provide an original copy of a government-issued ID, such as a passport (recommended), driving license, or national ID. Make sure your face is clearly visible and matches the ID for the liveness check. Additionally, you must have mined Pi for a minimum of 30 days. The KYC application process itself takes about 5 to 10 minutes to complete. Please note that eligibility, requirements, and availability may vary depending on your country.
If you are eligible, then follow these steps:
STEP 1: Install the Pi Browser App
Download the Pi Browser app from the Google Play Store or the Apple App Store.
STEP 2: Go to the Mainnet Section
Open the Pi Network app and navigate to the Mainnet section through the side menu.
STEP 3: Complete Mainnet Checklist Tasks
Go to the Mainnet checklist tab and complete all the listed tasks. Finish with the last task, which is “Submit your KYC Application.”
STEP 4: Proceed with KYC Application
Once the prerequisite tasks are completed, the KYC application tab will unlock. If it doesn’t, manually access the “kyc.pi” area in the Pi Browser app.
STEP 5: Choose Your Country
On the first screen of the KYC section, select your country from the drop-down menu.
STEP 6: Select Your ID Document
Choose the type of ID document you will use for verification, with a passport being recommended. For Nigerians, an international passport or NIN is ideal.
STEP 7: Follow ID Instructions
Carefully read the instructions provided on the four slides before continuing.
STEP 8: Take ID Photos
Tap “Add front photo” and take a clear photo of the front of your ID. If necessary, also add a photo of the back of the ID.
STEP 9: Fill Out the Form
Complete the form with the information that matches your ID document, including the following:
- First name
- Middle name (optional)
- Last name
- Gender
- Date of birth
- Document ID number
- Expiry date of the ID
- Country of residence
STEP 10: Complete the Liveness Check
Click the “I’m Ready” button for the liveness check, making sure your face is clearly visible to the camera and you’re in a well-lit area.
For Nigerians, I recommend using NIN or international passport for a seamless experience. I initially struggled with the liveness check due to lighting, so make sure your face is well-lit during verification.
Read Also: How to Make Money in Crypto: Expert Tips and Strategies for Success
Having Issues with your KYC application
If you are having issues with your Pi KYC application or you submitted your Pi KYC, for over a month, a year, or more and it is yet to be verified. Well, this is what you need to do:
STEP 1: Click on the Pi app, not the Pi browser.
STEP 2: Locate the three lines at the top left-hand corner of your screen and click.
STEP 3: Scroll down to Profile and click; copy out your username and the email address of the account affected; the email must have been verified.
STEP 4: Go back and click the three lines at the top left-hand corner of your screen
STEP 5: Locate SUPPORT PORTAL and click. It will take you to the Chrome browser.
STEP 6: Scroll down the page under SUGGESTED FORMS you will see KYC IN EMAIL REQUEST. Click on it
STEP 7: Fill out the forms with your correct details
STEP 8: After filling out the form carefully, scroll down to APPLICATION: When submitting your KYC application. Thick on one of the options, such as
- Issue with the first screen – consent, age, country, ID type
- The issue with uploading the ID document (error: “picture extraction failed”)
- Issue when I try to review or edit (I cannot change country or ID type)
- Concerns about my personal data security
- Thick any of the affected options
Step 9: Scroll down to DESCRIPTION. Write your complaint. Be straightforward and avoid stories.
Step 10: Scroll down to Screenshots of the issue. Paste the screenshot if any
STEP 11: Send. Then wait. Your issue will be rectified. They will send you your KYC again. Redo it and send it. Remember to avoid mistakes this time.
How much is 1 pi worth now?
As of now, the Pi Network coin (Pi) does not have an official market value because it has not been listed on any major cryptocurrency exchanges. Pi Network is still in its development phase, and the Pi coins that users “mine” through the app cannot be traded or exchanged for real-world currency. The developers have stated that Pi Network is waiting for the completion of certain processes, such as KYC (Know Your Customer) before it officially launches its blockchain and enables trading on exchanges.
While Pi coins may hold value in the future if they are listed on exchanges, at the moment, they have no intrinsic value. Many experts remain cautious, as the project has been compared to pyramid schemes due to its referral-based mining system and lack of transparency regarding the coin’s future value.
However, you are going to find out the Pi network value on the launch date below.
Read Also: Crypto Arbitrage Explained: Best Bots & Platforms to Maximize Profits in 2025
When Is Pi Network Launch Date
As of January 2025, Pi Network has announced that its Open Mainnet launch is scheduled for the first quarter of 2025. This transition will enable external connectivity, allowing Pioneers to trade Pi coins with other cryptocurrencies and fiat currencies. The specific launch date will be communicated to the community in advance.
Where Can I Sell My Pi
If you’ve successfully moved your Pi coins to the Mainnet and are wondering where to sell them. Join the Kryptoteck Telegram Crypto Community where verified crypto traders actively trade and exchange Pi coins. Our community is filled with trusted and experienced traders who are willing to pay for mined Pi coins. I’ve seen several deals happen in the community, with traders paying for mined Pi coins. If you’re looking to cash out early, this is a secure option to explore.
This video is from Wes Spencer, where he shares his perspective on Pi Network in 2024.
Pi Coin Halvings
Pi coins are regularly halved, just like Bitcoin. Halving means that the reward miners receive for their work is reduced by half after a certain period.
When there were 100,000 subscribers, the mining speed was halved from 1.6 Pi coins per hour. At 1 million users, it halved to 0.4 Pi coins per hour, and at 10 million, it halved again to 0.2 tokens. This halving continues until it theoretically reaches 0 with 1 billion users.
Can you get rich with Pi Network? Does Pi Network have a future?
When so many users sign up, you’d think Pi Network must have something to offer. The clicking seems aimless, with everyone participating simply in the hope that Pi tokens will one day be worth something.
Well, as of January 2025, Pi Network is making progress toward launching its Open Mainnet. Over 18 million users have completed KYC, and more than 8 million have moved to the Mainnet. The deadline for KYC and migration has been extended to January 31, 2025, to give more users time. The Open Mainnet is expected in early 2025, allowing users to trade Pi coins with other cryptocurrencies and fiat currencies. The team is working to have 100 Mainnet-ready apps by launch, with 80 already prepared. While these updates are promising, Pi Network’s success will depend on adoption, security, and building a strong ecosystem. As with any crypto project, users should be cautious and research before getting involved.
When Will Pi Go Live?
So, yes, perhaps your generated Pi tokens within the app will have value someday, but don’t expect a high price. If it does eventually go live on crypto exchanges, be careful. One of these two scenarios is likely to unfold:
#1: A sharp drop in the launch price because people want to cash out their “mined” tokens.
#2: An initial increase due to FOMO buying, followed by a significant drop as users sell their coins for profit.
Conclusion
While the Pi Network has garnered significant attention and a large user base, its future remains uncertain. Without the token being listed on exchanges or a clear roadmap for its value, it’s difficult to determine its potential. The fundamental questions like When is Pi Network Launch Date and How much is 1 pi worth? remain unanswered.
Although using the app doesn’t require a financial investment, it’s not entirely risk-free. Pi Network now requires personal identification for the KYC process, and uploading sensitive documents like passports or driver’s licenses always comes with the risk of identity theft. Trusting a company with such limited transparency to safeguard your data is a gamble in itself.
The app’s focus on growing its user base, incentivizing referrals, and generating revenue through ads mirrors the structure of a pyramid scheme. While it may not directly cost you money to participate, the project benefits greatly from the personal data and ad impressions of its users.
In conclusion, dedicating time to clicking a button daily in hopes of future value for your mined Pi coins may not be worth the effort. Until the token is listed, traded, and proven its legitimacy, it’s wise to approach it with caution and manage your expectations.
Invest Your Time Better and Learn to Trade.
Logging into an app every day, clicking on ads, and a button? It’s better to invest your time in learning to trade and buying and selling cryptocurrencies at the right moment. That’s much more profitable and will yield you much more. But as you do make sure to read up Top 10 Crypto Trading Mistakes to Avoid for Beginners (2024 Guide).
Reference
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