Pi Network's mainnet launch nears as 85% of Binance users back listing

Pi Network's much-awaited mainnet launch on February 20, 2025, could be supplemented by a potential listing on Binance, the world’s largest cryptocurrency exchange. On Monday, Binance initiated a community vote, asking users whether Pi Coin should be listed on the exchange.

"We have been listening to the vibrant discussions within our community about Pi Network. To ensure your voices are heard, participate in our Community Vote on the topic: Cast your vote—either 'Yes' or 'No'—and share your thoughts in the comments under this post. You can only vote once and won’t be able to change your vote after submitting," Binance announced.

Meanwhile, crypto analyst Kim Wong has all the good things to say about Pi Coin.

As per the latest website data, the post has garnered 12,887 replies, 4.1 million impressions, and 8,800 likes. A whopping 85% of users have voted ‘yes’ to the Pi Coin listing, while 15% voted ‘no’.

Voting will continue from February 17 to February 27, 2025.

Pi Network, in a recent statement, said: "There’s less than three days before Open Network, which launches at 8:00 AM UTC on February 20, 2025! What are you doing to prepare for Open Network, and how can you help build and grow Pi’s utility?"

Pi Network extends Grace Period for KYC and Mainnet migration

In a parallel development, Pi Network has extended the Grace Period deadline from January 31, 2025, to February 28, 2025. This extension provides Pioneers with additional time to complete KYC verification and Mainnet migration, ensuring more users can secure their Pi before Open Network goes live.

According to the company, the Grace Period requires both KYC and mainnet migration to be completed by February 28, 2025, to avoid forfeiting most of a user’s Pi—except for Pi mined within the last six months before migration.

"Note that the Grace Period is independent of Open Network timing. It is possible for Open Network to launch before or after the Grace Period ends, and the Grace Period rules will remain the same regardless," Pi Network stated.

Why extend the Grace Period?

The extension aims to support Pioneers who need more time to complete KYC or migration steps. It will minimise the risk of Pi forfeiture due to missed deadlines. It will also strengthen the overall network ahead of Open Network launch. Pi Network has said that allowing more Pioneers to complete KYC and migration ensures a healthier, more secure ecosystem, better prepared for Open Network’s full launch in Q1 2025.