The Pi Network community buzzes with anticipation as a landmark moment approaches. After six years of development, the decentralised project teeters on the brink of a transformative leap, but challenges loom for some markets. Here’s what you need to navigate the Indian crypto landscape.
Open Network Launch
On February 20, 2025, at 8:00 AM UTC, Pi Network’s Open Network goes live. This is February 20, 2025, at 1:30 AM IST for Indian citizens. Millions of KYC-verified Pioneers will unlock blockchain interoperability, enabling Pi Coin transactions beyond its ecosystem.
This shift promises real-world utility through external system integrations, rewarding years of collective effort. Meanwhile, the team urges users to review the official announcement in the Pi mining app for details.
Which are confirmed exchanges?
Only OKX and Bitget have confirmed Pi Coin listings post-launch. OKX, however, ceased Indian operations in April 2024 amid regulatory hurdles, restricting access for India-based users.
Bitget remains partially operational but faces registration delays with India’s Financial Intelligence Unit. Indian Pioneers may convert Pi to USDT via Bitget’s P2P options, though new sign-ups face barriers. The core team advises vigilance against unverified platforms to avoid scams.
Indian Market Hurdles
Indian users confront stark limitations. OKX mandated fund withdrawals by April 2024, blocking trading access. Although Bitget allows existing users limited functionality, regulatory uncertainty clouds long-term viability.
Selling Pi domestically remains impractical. Experts suggest holding assets until compliant exchanges emerge (e.g., Binance) or utilising Pi within ecosystem apps for transactions.
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Step-by-Step Guide: Migrating Your Pi Holdings
To participate in Open Network, complete migration by February 28, 2025:
- Open the Pi mining app and access the Mainnet Checklist.
- Submit KYC documentation promptly.
- Update passwords via the profile section if liveness checks stall progress.
- Log out and re-enter using your phone number and new credentials.
- Sign token acknowledgements to finalise migration.
Delaying risks forfeiting pre-2024 mined balances, retaining only six month’s worth.
Troubleshooting Migration Issues
Facing migration delays? Follow these fixes:
- Update passwords via email links after profile adjustments.
- Re-login using phone numbers post-password reset.
- Contact support if liveness checks fail and ensure proper lighting and clarity.
- Regularly check for app updates to avoid technical glitches.
Grace Period Extension: What You Need to Know
Pi Network extended its Grace Period to February 28, 2025, granting extra time for KYC and migration. This move prioritises inclusivity, allowing unresolved cases to secure holdings. Importantly, the extension doesn’t delay Open Network’s launch. Over 2 million Pioneers have already migrated, strengthening Mainnet’s readiness.
Conclusion
While regulatory barriers temper Indian pioneers expectations, strategic preparation ensures readiness for future opportunities. By migrating promptly and leveraging ecosystem utilities, users can maximise Pi’s potential despite exchange limitations.
The Open Network launch marks a milestone, yet the journey toward global adoption continues. Stay informed, stay secure, and embrace Pi’s revolutionary vision.
For real-time updates, visit the Pi Network app or official social channels.
Written By Fazal Ul Vahab C H
