Key Takeaways
- Pi Network launched its Open Mainnet in February 2025 and introduced Wallet Activation for KYC-verified users to access Mainnet features.
- Pi Coin has utility across 80+ dApps, where users spend it on goods and services.
- Due to unresolved concerns about tokenomics and compliance, Pi Coin is still not listed on major exchanges like Binance or Coinbase.
- 4The project aims to focus on ecosystem growth and real-world use.
Pi Network’s open Mainnet launch in February 2025 marked a key milestone, unlocking access for millions of users.
Their latest attempt to attract users and credibility in the space is the launch of the new wallet activation feature.
This article explains how to activate the Pi wallet, why the network prioritizes real-world use, and how Pi Coin adoption is evolving.
Pi Network Wallet Activation Feature Explained
The mainnet wallet activation feature is a tool introduced by Pi Network that allows Pi Network users or ‘Pioneers’ who are either fully know-your-customer (KYC) -verified or, as Pi Network states, “tentatively KYC’d” to activate their Pi wallets on the blockchain and interact with decentralized applications (DApps), even if they have not completed the full migration process.
According to Pi Network, the feature aims to expand access to its ecosystem. This allows users to activate their wallets and interact directly with the Mainnet blockchain, use Pi apps, engage in local commerce, and participate in events like the .pi Domains Auction using Pi tokens.
Pi Network states that “the decoupling of Mainnet migrations from the ability to have a Mainnet wallet helps expand access to engage with the Pi Mainnet ecosystem to millions, while it still ensures that all participants in the Pi Mainnet have verified their identity through KYC or KYB (know your business)”.
Pi Network Launched Its Mainnet—But Is It Really Fully Live?
As of 2025, the Pi Network officially launched its Open Mainnet on February 20, 2025, at 8:00 AM UTC, marking a major milestone in its development and transition toward full decentralization.
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According to Pi Network, the migration “is ongoing and the network is committed to speeding up and completing migrations.”
Pi Crypto Wallet Explained
The Pi Wallet is the official wallet developed by the Pi Network team. It operates inside the Pi Browser app; users control their passphrases and directly manage transactions.
The wallet connects with apps built across the Pi ecosystem, making it essential for Pi Network users.
The Pi Crypto Wallet, in its official form within the Pi Browser has the following main functions:
- Users can hold and manage Mainnet Pi balances.
- They can send and receive Pi transactions.
- Users can connect with decentralized applications (dApps) built within the Pi ecosystem.
It is important to note that the wallet does not support direct interaction with other cryptocurrencies like Bitcoin (BTC), Ether (ETH), or fiat currencies such as USD or GBP, yet.
Additionally, before this feature, non-users had to start from scratch, complete 30 Pi mining sessions, pass Pi KYC, and finish Mainnet migration steps to join the Pi Mainnet ecosystem. KYC is still required, but the new tool allows new users to interact with Pi Network more straightforwardly.
Can Pi Coin’s Real-World Utility Drive Long-Term Value?
Pi Coin plays an active role in the growing ecosystem of apps and services built around the network.
Users can spend Pi to access a wide range of offerings, including digital tools, freelance design services, online courses, and physical goods available through peer-to-peer marketplaces.
A growing number of applications, for example, Piketplace, a marketplace for goods and services, and Brainstorm, a platform for idea sharing and collaboration, already accept Pi as payment.
Other apps focused on education, travel, entertainment, and community-driven tasks continue to expand the network’s utility. However, it is still in its early stages.
Pi’s value aims to center on utility and usage. Developers are encouraged to build apps that reward contribution, promote productivity, and support local economies.
How To Activate Pi Wallet
The process to activate the Pi Wallet is straightforward.
The first step is downloading the “Pi Browser” from Google Play or the App Store.
The users will have to proceed with:
- Verifying their identity by filling out the required data boxes.
- Once the data uploads successfully, a confirmation message appears.
- After that, users can start making transactions with Pi tokens.
It is important to note that some users have reported Pi wallet activation scams, including a recent Reddit case involving an Instagram ad offering to buy Pi for “$50 per coin.” After messaging the buyer, the user was told to complete KYC and finish the Mainnet migration.
Once done, they noticed a “14-day waiting period” in the migration tab. The buyer insisted the account wasn’t fully activated and sent a link asking them to open it in the Pi Browser. The page prompted the user to enter their wallet passcode, raising major red flags.
This pattern matches ongoing scam reports circulating online. Some users revealed they were tricked into entering their passcodes through fake wallet activation links and lost access to their coins.
Pi Network’s Mainnet Is Live—But Where’s the Major Exchange Listing?
Despite launching its open Mainnet and gaining a vast global community, Pi Network still struggles to get listed on major crypto exchanges like Binance, Coinbase, and Kraken.
While Pi has technically met some exchange listing requirements, such as launching a working Mainnet and fostering active community development, major exchanges remain unconvinced due to transparency and compliance gaps.
The project’s internal ecosystem—including over 80 DApps, secure token migration tools, and —suggests a strategy focused on grassroots adoption rather than exchange dependency.
However, some question the real user engagement.
However, rumors still say that it might get listed soon, and the price has increased in expectation of Consensus 2025 on May 14, in Toronto, where Pi Network might make a significant announcement, especially regarding the strength of its ecosystem.
Pi Crypto Adoption: Is Pi Network’s Grassroots Strategy Enough?
Pi Network’s adoption remains a topic of debate. The launch of its Open Mainnet in February 2025 marked a major step forward. The project has shown growth since then, but key challenges remain unresolved.
Pi Network has built a large global community. According to the team, it has reached 60 million registered users. Early momentum came from its mobile mining app, which allowed users to earn Pi without expensive hardware.
Millions have completed KYC verification, a Mainnet migration requirement and ecosystem participation.
By March 2025, more than 12 million users had migrated to the Open Mainnet.
That number continues to rise.
Pi Network’s strategy centers on grassroots adoption and real-world utility, not just exchange listings.
The Pi Browser and Pi Wallet are essential for Pi Network for transactions and the ecosystem is growing not only with DApss but also community events.
For example, PiFest is one of the project’s efforts to promote real-world usage. It connects users with merchants who accept Pi. The 2025 edition drew strong participation.
PiFest 2025, held from March 14–21, continued that push for local commerce adoption.
Conclusion
The Pi Network continues to distinguish between bold innovation and regulatory caution. While the Open Mainnet launch opened new doors in 2025, it did not remove all barriers yet.
Questions around token transparency, exchange approval, and legal clarity still weigh heavily on the project’s success.
Yet, the ecosystem keeps expanding, user adoption remains strong, and new wallet features offer real utility for everyday interaction.
There is always talk of Pi going up, but perhaps it is not Pi in the sky this time. With ongoing development and clear direction, the promise may finally meet reality.
FAQs
Can users spend Pi in the real world?
Yes. Users can spend Pi on goods and services through apps like Piketplace and during events like PiFest, where merchants accept Pi for payments.
How many users have migrated to the Open Mainnet?
By March 2025, over 12 million users had completed migration, according to Pi Network. That number continues to grow as more users pass KYC.
What is Pi Network’s main focus?
The project focuses on building a real-use ecosystem with dApps and merchant adoption, not short-term price speculation.
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