After much market anticipation, Pi Network finally achieved its most significant milestone on February 20, 2025. However, with so many different "launch dates" mentioned throughout Pi Network'sAfter much market anticipation, Pi Network finally achieved its most significant milestone on February 20, 2025. However, with so many different "launch dates" mentioned throughout Pi Network's
新手學院/Market Insights/Hot Topic Analysis/Pi Network Launch Date: Complete Guide to February 2025 Mainnet Launch

Pi Network Launch Date: Complete Guide to February 2025 Mainnet Launch

Sep 21, 2026MEXC
11 分鐘

After much market anticipation, Pi Network finally achieved its most significant milestone on February 20, 2025. However, with so many different "launch dates" mentioned throughout Pi Network's history, many are unaware of the project's development, what changes happened, and when.
For those following Pi Network or have only heard about it recently, one may wonder: When exactly did Pi Network launch? What does this mean for users? Most importantly, can you actually use your Pi tokens now?
This guide will walk readers through every important Pi Network launch date, explain what each phase meant, and illustrate where things stand today. Whether you're a longtime Pioneer or completely new to Pi Network, you'll have a clear understanding of the project's journey and current status by the end of this article.
For those unfamiliar with Pi Network, check out our detailed guide on thePi Network's basics and mining process before diving into the launch timeline.

Key Takeaways
  • Pi Network's mainnet launch date was February 20, 2025 at 8:00 AM UTC, when the Open Network went live, enabling external trading for the first time.
  • Multiple launch phases occurred from 2019 to 2025: Beta (2019), Testnet (2021), Enclosed Mainnet (December 2021), and Open Network (February 2025).
  • 10.14 million Pioneers migrated to the mainnet and 19 million userscompleted KYC verification, exceeding all original targets.
  • Pi's price opened at $1.47, peaked at $2.10, then corrected to $1.01 on the day of the launch, displayingthevolatility seen with many newly launched cryptocurrencies.
  • Major exchanges, including MEXC, now list Pi Network tokens under the PI/USDT trading pair.
  • Pi Network has a maximum token supply of 100 billion with approximately 9.7 billion currently in circulation.
  • Users must complete KYC verification to access external trading and transfer Pi tokens to exchanges or external wallets.
  • Pi Network continues its development with upcoming Pi2Day events, ecosystem expansion, and real-world utility integration planned.

Table of Contents

Pi Network Launch Date Timeline: Complete History

Understanding Pi Network's launch story requires looking at multiple key dates, not just one. Here's the complete timeline of major Pi Network milestones:

March 2019: Initial Pi Network Launch

Pi Network first launched as a mobile app, introducing the world to smartphone-based cryptocurrency mining. This marked the beginning of the Pi ecosystem, allowing users to start mining Pi tokens directly from their phones without the energy-intensive hardware required by Bitcoin.

2021: Testnet Phase Begins

The network moved into its testing phase, where developers experimented with applications, and the blockchain infrastructure underwent rigorous testing. This phase lasted until late 2021, setting the foundation for the mainnet.

December 2021: Enclosed Mainnet Launch

Pi Network launched its mainnet, but with one crucial limitation, the network remained "enclosed" with a firewall preventing external connectivity. Users could transact Pi within the Pi ecosystem, but couldn't trade on external exchanges.

February 20, 2025: Open Network Launch

The pivotal moment arrived at 8:00 AM UTC on February 20, 2025. Pi Network removed the firewall and launched its Open Network, enabling external connectivity for the first time. This Pi Network mainnet launch date became the most significant milestone in the project's history.

Pi Network Launch Phases: What Each Date Means

Phase 1: Beta Testing (2019-2021)

During this initial period, Pi Network focused on building its user base and testing the mobile mining concept. The app allowed people to mine Pi tokens by simply tapping a button once per day, making cryptocurrency accessible to everyday users who couldn't afford expensive mining equipment.
The beta phase served as proof of concept, demonstrating that millions of people were interested in a more inclusive approach to cryptocurrency. However, these tokens existed only within the Pi ecosystem and had no external trading value.

Phase 2: Testnet Period (2021-2023)

The testnet phase marked Pi Network's transition from a simple mobile app to a proper blockchain ecosystem. Developers began creating applications (dApps) for the Pi platform, while the core team refined the network's technical infrastructure.
During this period, users could test transactions and explore the Pi ecosystem, but still couldn't trade their tokens on external cryptocurrency exchanges. The testnet served as a crucial testing ground for what would eventually become the mainnet.

Phase 3: Enclosed Mainnet (December 2021-February 2025)

The enclosed mainnet represented a major technical achievement; Pi Network had a functioning blockchain where users could make real transactions. However, the network remained isolated from the broader cryptocurrency ecosystem.
During this phase, Pi Network implemented its Know Your Customer (KYC) verification system and encouraged users to migrate their mined tokens to the mainnet. Events like PiFest 2024 demonstrated real-world Pi transactions, with over 27,000 active sellers and 28,000 test merchants across 160 countries participating.

Phase 4: Open Network (February 2025-Present)

The Pi Network Open Mainnet launch date of February 20, 2025, marked the beginning of Pi Network'sOpen Network phase. For the first time, Pi tokens could connect with external systems, enabling trading on cryptocurrency exchanges and broader ecosystem integration.

Pi Network Mainnet Launch Date Details: February 20, 2025

What Happened on Launch Day

The Pi Network's launch date of February 20, 2025, will be remembered as a pivotal moment in cryptocurrency history. At exactly 8:00 AM UTC, Pi Network removed the firewall that had kept its blockchain isolated from the outside world.
Within hours of the launch, Pi coin experienced dramatic price movements. The token opened at approximately $1.47, surged to a high of $2.10 (representing a 45% increase), then faced significant sell pressure as early adopters took profits. By the end of the first day, the price had dropped to around $1.01, demonstrating the volatile nature of newly launched cryptocurrencies.
Trading volumes exploded by more than 1,700% as speculation and genuine interest drove massive activity across multiple exchanges. This volatility was expected, as millions of users who had been mining Pi for years suddenly gained access to trade their holdings.

Key Achievements Reached

The Pi Network mainnet launch date 2025 milestone was made possible by reaching several crucial benchmarks:
  • 10.14 million Pioneers successfully migrated to the mainnet, exceeding the original goal of 10 million users.
  • 19 million Pioneers completed KYC verification, far surpassing the required 15 million.
  • Over 100 mainnet applications were ready for launch, creating a vibrant ecosystem from day one.
These numbers represented years of steady growth and community building, proving that Pi Network had achieved the scale necessary for a successful Open Network launch.

Exchange Listings and Trading

Major cryptocurrency exchanges quickly moved to list Pi tokens following the launch. Platforms including Gate.io, OKX, Bitget, BitMart, MEXC, and HTX all added Pi token trading pairs, primarily PI/USDT.
Now that Pi is available for trading, learn how to sell the Pi coin safely.

Pi Network Launch Date Impact on Users

For Existing Pi Miners

Long-time Pi Network users faced both opportunities and requirements following the Pi Network official launch date. The most significant change was the mandatory KYC (Know Your Customer) verification process required to participate fully in the Open Network.
Pioneers who completed KYC could finally transfer their Pi tokens to external wallets and trade on cryptocurrency exchanges. However, those who hadn't completed verification found themselves unable to access the full benefits of the Open Network launch.
The launch also meant that Pi tokens earned through mobile mining over the years finally had real-world trading value. Many early adopters who had accumulated substantial Pi holdings suddenly found themselves with tradeable cryptocurrency assets.

For New Users

ThePi Network 2025 launch date created new opportunities for people interested in joining the Pi ecosystem. While the initial mining phase had ended, new users could still participate by:
  • Completing the KYC verification process
  • Using Pi applications within the ecosystem
  • Purchasing Pi tokens on supported exchanges
  • Contributing to the network through various community activities
New users could also benefit from the mature ecosystem of applications and services that had developed during the enclosed network phase.

Trading and Exchange Access

Post-launch, Pi token holders gained access to multiple trading venues. The Pi coin launch date opened up several options for buying, selling, and storing Pi tokens:
  • Supported Exchanges: Major platforms like MEXC offered Pi trading pairs, primarily against USDT (Tether).
  • Wallet Options: Users could choose between Pi's native wallet system or compatible third-party wallets that supported Pi tokens.
  • Security Considerations: With real trading value, Pi holders needed to implement proper security measures, including secure wallet storage and careful handling of private keys.

Pi Coin Launch Date Price Analysis

The Pi Network launch date and price relationship demonstrated the volatile nature of newly launched cryptocurrencies. Pi coin's price journey on February 20, 2025, tells a story of excitement, speculation, and market reality.
Launch Day Price Action:
  • Opening price: $1.47
  • Peak price: $2.10 (45% increase)
  • End-of-day price: $1.01 (significant correction)
  • Trading volume: Increased by over 1,700%
The initial surge reflected pent-up demand and excitement about Pi finally becoming tradeable. However, the rapid correction highlighted several market realities:

Selling Pressure from Early Adopters

Many Pioneers who had been mining Pi for years without spending money saw the launch as an opportunity to realize profits. This created substantial selling pressure that overwhelmed initial buying interest.

Market Discovery Phase

With no previous external trading history, the market needed time to discover Pi's "fair value." The dramatic price swings reflected this natural price discovery process.

Supply Considerations

Pi Network's maximum supply of 100 billion tokens, with approximately 9.7 billion currently in circulation, influenced market dynamics. The large total supply relative to current circulation created uncertainty about future token releases.
Current trading has stabilized to an extent, with the Pi coin typically trading in a range that reflects ongoing market evaluation of the project's long-term potential.

What's Next After Pi Network's Launch

Upcoming Developments

The 2025 Pi Network launch date marked the beginning, not the end, of Pi's development journey. Several important milestones and events are planned for the future:

1. Pi2Day (June 28) Significance

Pi2Day represents a mid-year milestone that historically brings major announcements and feature releases. The date itself (6/28) symbolically represents 2π (approximately 6.28), reflecting Pi Network's mathematical foundation. Previous Pi2Days have introduced significant ecosystem updates, and 2025's event promises continued innovation.

2. Ecosystem Expansion

With the Open Network now live, Pi Network is focused on expanding real-world utility through:
  • New decentralized application (dApp) development
  • Merchant adoption programs
  • Integration with existing business systems
  • Developing partnerships with established companies

Long-Term Roadmap

Global Adoption Goals

Pi Network aims to become the world's most inclusive peer-to-peer ecosystem. This involves expanding beyond cryptocurrency trading to create a comprehensive digital economy where Pi serves as the native currency for goods and services.

Real-World Utility Expansion

The success demonstrated during PiFest 2024, with over 27,000 active sellers across 160 countries, provides a foundation for expanding Pi's use in everyday transactions. Future plans include integrating Pi payments into more merchants and service providers globally.

Partnership Opportunities

The Open Network launch enables the Pi Network to pursue partnerships with established businesses and financial institutions. These partnerships could accelerate adoption and provide new use cases for Pi tokens.

Pi Network Launch Date FAQs

  1. When did the Pi Network officially launch?
Pi Network had multiple launch phases. The initial app launched in March 2019, but the most significant Pi Network mainnet launch date was February 20, 2025, when the Open Network went live, enabling external trading and connectivity.
  1. Can I still mine Pi after the launch date?
Yes, Pi mining still continues after the Pi Network's launch date of February 20 2025. However, mining Pi has undergone adjustment where the mining rate follows a declining exponential model, and users must complete KYC verification to migrate their tokens to the mainnet for trading.
  1. How do I access my Pi tokens after the launch?
To access your Pi tokens post-launch, you must complete the KYC verification process and migrate your tokens from the mobile app to the mainnet. Once migrated, you can transfer tokens to external wallets or trade on supported exchanges.
  1. Is Pi Network legitimate after the launch?
The successful Pi Network Open Network launch date and subsequent exchange listings demonstrate Pi Network's legitimacy as a functional blockchain project. However, like all cryptocurrencies, Pi involves investment risks and market volatility.
Address common concerns with our Pi Network legitimacy analysis.
  1. Where can I trade Pi tokens now?
Following the Pi coin launch date, several major exchanges now list Pi tokens, including MEXC. Most platforms offer PI/USDT trading.
  1. What's the difference between Pi Network's various launch dates?
Pi Network underwent multiple phases: the 2019 app launch (beta testing), 2021 testnet launch (network testing), December 2021 enclosed mainnet launch (internal blockchain), and February 20, 2025 Open Network launch (external connectivity and trading).

Conclusion

The Pi Network launch date of February 20, 2025, represents the culmination of over six years of development and community building. From a mobile mining app in 2019 to a fully functional blockchain with external connectivity, the Pi Network has achieved significant milestones.
Today, 10.14 million migrated Pioneers can use their tokens for real-world transactions and trading on supported exchanges. With 19 million KYC-verified users and over 100 mainnet applications, Pi Network has built a solid foundation for future growth.
The Pi Network's mainnet launch date in 2025 marks not an ending, but a new beginning for what could become one of the world's most accessible cryptocurrency ecosystems. As Pi Network continues expanding its real-world utility, the true impact of this launch will unfold in the coming years.
New to Pi Network? Learn more about what Pi Network is and how it works in our comprehensive beginner's guide.
Join MEXC and Get up to a $10,000 Bonus!

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本文由MEXC提供,僅供參考,不構成任何財務或投資建議。加密貨幣市場風險較高,請在投資前進行獨立研究或諮詢合格的專業人士。文中觀點不一定代表 MEXC 或其關聯方的立場。

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印度已將代幣化債券從監管規劃階段推進至實際金融基礎設施。2026年9月,三家印度公司透過Demat 2.0發行了合計₹1,025 crore(約1.07億美元)的公司債,這是一項新的受監管基礎設施,將傳統公司債以數位代幣形式呈現,同時使用印度儲備銀行的批發數位盧比進行現金結算。發行方包括:REC Limited — ₹500 croreLarsen & Toubro — ₹500 croreIIF

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