Pi Network has officially announced the launch of its Open Mainnet on February 20, 2025. This milestone will enable external transactions and trading on major cryptocurrency exchanges such as OKX and Bitget. Users who have completed the Know Your Customer (KYC) process will be able to migrate their Pi coins and participate in the broader cryptocurrency ecosystem.
Key Features of the Open Mainnet Launch
The transition to Open Mainnet marks a significant shift for Pi Network, unlocking functionalities that were previously unavailable. These include external wallet transfers, exchange listings, and real-world applications. Pioneers will now have the ability to move their Pi coins to external wallets, facilitating real-world transactions.
Steps to Buy or Sell Pi Coin
For those interested in buying or selling Pi Coin, the following steps are recommended:
- Complete KYC Verification: Ensure you have completed the KYC process to migrate your coins.
- Use Reputable Exchanges: Trade on trusted platforms like OKX and Bitget.
- Secure Your Pi: Store your Pi in a reliable crypto wallet.
- Stay Updated: Keep abreast of the latest developments in Pi’s ecosystem by visiting the official Pi Network website.
What’s Changing with the Open Mainnet?
The move to Open Mainnet signifies the end of Pi Network’s enclosed ecosystem. This development allows Pi to interact with other blockchains and become fully tradeable on exchanges.
Implications for Users
- External Wallet Transfers: Users can send and receive Pi outside the Pi Network ecosystem.
- Trading on Exchanges: Pi will be listed on major exchanges like OKX and Bitget.
- Increased Utility: Enhanced real-world applications and business integrations.
- KYC & Migration: Pioneers who have completed KYC can migrate their Pi to Mainnet.
- New Partnerships: Expect new business and merchant integrations accepting Pi for transactions.
Ensuring a Secure and Compliant Transition
To facilitate a secure and compliant transition, Pi Network has implemented the following measures:
- KYC Verification: Essential for maintaining network integrity and meeting regulatory standards.
- Node Migration: Experienced users will be invited to migrate their nodes from the testnet to the mainnet based on reliability and historical contributions.
How to Sell Pi Coin After Open Mainnet Launch
Selling Pi Coin post-launch will be a straightforward process akin to trading other cryptocurrencies. Here’s a step-by-step guide:
- Complete KYC and Migration: Ensure KYC verification and migration of Pi coins to the open mainnet.
- Choose a Reliable Exchange: Opt for major exchanges like Bitget, OKX, HTX, and MEXC.
- Transfer Your Pi Coins: Move your Pi coins from your Pi Network Wallet to your exchange wallet.
- Place a Sell Order: Execute a market or limit order on the exchange.
- Withdraw Your Funds: Convert earnings to fiat or transfer to an external wallet.
- Monitor the Market: Keep an eye on market trends and adjust your trading strategy accordingly.
Final Tips
Always double-check addresses, secure your accounts with strong passwords and two-factor authentication (2FA), and stay updated with official announcements to avoid scams. The Open Mainnet launch is poised to bring significant changes to the Pi Network ecosystem, offering new opportunities for users and businesses alike.