Author: Mustkim Alam
Pi Network in 2025 – KYC Delays, Open Network Launch & Market Reality
In the world of cryptocurrency, if any free mining project has made a global name for itself, it is Pi Network. More than five years since its inception, Pi remains a polarizing topic across the crypto space. While some call it a silent revolution, others question its long-term viability due to delayed launches, unfulfilled promises, and KYC-related frustrations.
What Is Pi Network?
Launched in 2019, Pi Network is a mobile-first cryptocurrency project that lets users mine coins directly from their smartphones. The idea was simple: remove the barrier of expensive mining hardware and offer people a way to earn future crypto rewards by just tapping their phones once a day.
Open Network Launch – A Major Shift
On February 20, 2025, Pi Network officially launched its Open Network. This launch brought external connectivity to the Pi ecosystem, including:
- Integration with non-Pi applications
- Transaction support with third-party services
- KYB-verified business onboarding
- Preparation for CEX listings
.pi Domains and Web3 Expansion
By June 15, 2025, Pi Network added a domain auction system for .pi domains, transforming user identities within the Web3 space. The system offers:
- Real-time stats on trending and premium domains
- Decentralized identity through .pi domains
- Developer APIs to integrate Pi domains with dApps
Latest Market Stats (as of July 12, 2025)
- Price: $0.4708
- Market Cap: $3.61 Billion
- Volume (24h): $160.89 Million
- Fully Diluted Valuation (FDV): $47.11 Billion
- Circulating Supply: 7.68 Billion PI
- Total Supply: 100 Billion PI
With only 7.68% in circulation, the price stability remains artificial. As more coins unlock, a price correction is inevitable unless real-world adoption grows.
KYC Slot Problem – A Growing Crisis
One of the most controversial issues in Pi Network today is the KYC (Know Your Customer) process. Users have complained about delays for years, but 2025 has amplified the problem. Despite completing every requirement, early adopters are being denied KYC slots, while newer users somehow get approved quickly.
This has raised serious concerns about algorithm bias, lack of transparency, and uneven distribution in Pi’s roadmap rollout.
Real User Experience – A Case Study
A verified Pi user who has been active since 2020 shared their experience:
- Mined Total: 353.91 Pi
- Transferable Balance: 120.29 Pi
- Mainnet Balance: 0 Pi
- KYC Status: “Slots not available at this time”
This example highlights why thousands are losing patience. Many have already uninstalled the app and moved to other Web3 projects offering transparency and usability.
Community Sentiment in 2025
- Hopeful due to Open Network and domain launch
- Frustrated due to long-standing KYC delays
- Divided views across Reddit, Telegram, and YouTube
- Increasing demand for communication from the core team
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Final Thoughts – Is Pi Still Worth It?
Pi Network began with a noble vision — enabling free crypto mining for everyone. In 2025, it has made technical progress, but many users are still stuck in a waiting game. The coming months will decide whether Pi transforms into a real-use currency or becomes another overhyped experiment.
What’s Your Experience with Pi Network?
Still waiting for KYC approval or already using Pi for real-world transactions? Let us know in the comments.
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