Pi Network Migration: Everything You Need to Know!

Bittime - Pi Network migration is a very important thing to do. Every user is required to complete Know Your Customer (KYC) verification and migrate to mainnet.

What is the impact of this Pi Network migration? How do you ensure your $PI token remains safe? Come on, check out all the important information here!

What is Pi Network Migration?

Pi Network migration is the process of moving Pi Coin or $PI tokens from Testnet to Mainnet. With this migration, $PI token holders can start using their assets in a broader ecosystem, outside of the Pi Network application.

According to Thangapandi Durai, CEO Koinpark, the main goal of this migration is to enable broader transactions, both within the Pi Network ecosystem and on other more open blockchains.

Read Also: Pi Network Price Prediction 2025 After Mainnet Launch!

Requirements of Pi Network Migration 

Here are the Pi Network migration conditions.

1. KYC verification: Users must complete the Know Your Customer (KYC) process to prove that they are genuine individuals.

2. Migrate to Mainnet: Once KYC is approved, Pi Coun can be moved from Testnet to Mainnet.

3. Deadline: If users do not complete the migration before the deadline, they could lose access to unverified $PI tokens.

Migration it aims to improve network security and prevent suspicious activity, such as fake accounts or unauthorized transactions.

Benefits of Doing Pi Network Migration

After successfully migrating Pi Network to Mainnet, Pi Coin owners will gain more freedom in using their assets. 

Here are some of the benefits after the migration is complete:

1. Can Be Used on Open Blockchain: Pi tokens can be used for transactions with other blockchains and third-party applications.

2. No Limits on Transactions: Pi Coins can be moved more freely without the strict rules of a closed network.

3. Potential for Listing on Large Exchanges: After the migration, Pi Coin's chances of getting onto a major crypto exchange are even greater.

Read Also: Pi Network Price Conversion Today: 1 Pi Coin How Much USD?  

Possibility of Listing on Binance After Pi Network Migration

So, will Pi Network listing on Binance? Recently, Binance introduced a new token listing model, which adds to speculation that Pi Network could be listed soon, but there is no official confirmation yet.

According to Thangapandi Durai, in order to be listed on Binance, Pi Network must prove the following things:

1. Strong network security

2. Strict regulatory compliance

3. Consistent user engagement

If it can meet all these requirements, it is possible that Pi Network listing on Binance and other large exchanges could happen in the near future.

Read Also: Pi Network Listing on Binance Can Save Pi Coin Price?

Pi Network FAQs

What is Pi Network?

Pi Network is a crypto project that allows users to mine tokens directly from their mobile phones. The project is designed to be user-friendly and energy efficient compared to traditional mining methods such as Bitcoin.

How Does the Pi Network Work?

Pi Network uses a consensus model based on the Stellar Consensus Protocol (SCP) so users only need to open the application every day to mine. This activity does not drain the battery or device resources.

Is Mining Pi Network Tokens Free?

Yes, mining Pi Network tokens on the Pi Network app is completely free. However, users need to be active every 24 hours to press the "mine" button and maintain active membership in the network.

How to Buy Crypto with Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.

Additionally, visit Bittime Blog to get various interesting updates and educational information about the world of crypto. Find trusted articles about Web3, blockchain technology, and digital asset investment tips designed to enrich your knowledge in the world of crypto.

Reference

News18, Pi Network Migration Deadline: Investors Spooked As Cryptocurrency Plunges 21% In 7 Days, accessed March 18, 2025.

Author: IPR