Thu Feb 20 11:21:51 UTC 2025: ## Pi Coin Mainnet Launch Sparks Global Crypto Craze

**London, [Date]** – After a two-year wait, the Pi Network’s mainnet launch has finally arrived, sending ripples of excitement across the global cryptocurrency market. The mobile-mining cryptocurrency, boasting over 10 million users, has officially transitioned from its testnet, allowing users to migrate their mined Pi coins and trade them on exchanges.

The launch, which occurred at 8:30 am UTC on February 20th, saw Pi Coin immediately listed on exchanges like OKX, trading at $1.78, and Bitget at $1.70. This marks a significant milestone for the project, which aims to democratize cryptocurrency access. Unlike Bitcoin’s energy-intensive mining process, Pi utilizes the Stellar Consensus Protocol, relying on a network of trusted users to secure transactions.

Developed by Stanford graduates, Pi Network allows users to mine cryptocurrency through a mobile app by simply verifying their presence daily. The system incentivizes user participation through rewards for daily check-ins, expanding trust circles, and running full nodes.

The initial mainnet phase, operational since December 2021, required users to complete Know Your Customer (KYC) verification to transfer their Pi. The project plans to remove these restrictions in its upcoming “Open Network” phase, enabling full external connectivity and expanding usage opportunities. The launch has generated considerable buzz, particularly in countries such as Iran, India, and Indonesia, fueling speculation about the coin’s future price and widespread adoption.

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