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Cryptocurrency News Articles

Pi Network Expands Mainnet Wallet Access to Identity-Verified Pioneers

May 05, 2025 at 02:36 pm

This update allows identity-verified Pioneers to activate their wallets without having to go through the full migration process

Pintu News - Pi Network recently announced an important update that expands access to their Mainnet wallet. This update allows identity-verified Pioneers to activate their wallets without having to go through the full migration process that was previously mandatory.

This move is expected to increase participation in the Pi Mainnet ecosystem, enabling users to engage in blockchain activities, Pi applications, and local trading more easily.

Previously, access to the Pi Network wallet could only be gained after users had completed all stages of the migration, including identity verification and technical checks. However, with the latest update, wallet activation is now separate from the migration process.

This allows users at any stage of KYC verification to access services within the ecosystem.

Despite this increased flexibility, Pi Network still maintains strict KYC standards to ensure platform security and user authenticity.

The update also introduces third-party onboarding, allowing individuals who missed the mining phase to obtain a Mainnet wallet through a verified external platform.

Companies such as Banxa, which have completed KYB verification, offer fast KYC checks for newcomers to join the Pi community smoothly. This is expected to bring new energy into the ecosystem and encourage greater user engagement, potentially increasing transaction volumes.

Real World Adoption Strategy

In a move towards broader real-world adoption, Pi Network is exploring KYC delegation to a trusted third party to accelerate the onboarding process and expand scalability.

This initiative aims to remove common difficulties encountered by users, such as difficulties completing KYC or technical issues, which could hinder them from participating fully in the ecosystem.

By streamlining this process and offering viable alternatives, Pi Network hopes to foster significant expansion, providing easier access for both existing Pioneers and newcomers, ultimately strengthening the basis for wider utility across their blockchain applications.

The project’s expansion strategy includes making Pi tokens tradable on platforms such as OKX, KuCoin, and Bybit, with hopes of being listed on major exchanges like Binance and Coinbase.

Community support for the Pi listing on Binance shows strong momentum and potential for wider adoption, signaled by the ongoing efforts of the community to collect signatures in a petition to encourage Binance to list Pi tokens.

Currently (5/5/25), the Pi Network coin is trading around $0.58, representing a decrease of 1.1% in the last 24 hours.

This latest development highlights Pi Network's commitment to expanding access and increasing participation in the blockchain ecosystem.

This initiative not only serves to strengthen Pi Network's position as a key player in the crypto industry but also opens up opportunities for more people to get involved in the digital revolution that is unfolding.

By continuing to innovate and adapt, Pi Network is poised to lead the change in how the world interacts with blockchain technology.

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Other articles published on Jun 09, 2025