#CryptoRoundTableRemarks Your Customer" (KYC) verification process. This typically involves submitting a government-issued ID and is similar to the verification processes on most cryptocurrency exchanges. This step aims to ensure that only real individuals participate in the network.

* **Mainnet Launch:** Pi Network launched its open mainnet on **February 20, 2025**. This was a significant step, transitioning the project from a closed ecosystem to a fully decentralized blockchain, enabling external transactions and potential exchange listings. Users who completed KYC by **February 28, 2025**, were required to migrate to the mainnet.

* **Utility:** The goal of Pi Network is to create a cryptocurrency with real-world utility. The Pi ecosystem includes the Pi Browser, where users can access decentralized applications (dApps) built by the community and the core team. Pi Coin is intended to be used for transactions within this ecosystem, including for goods and services.

* **Supply:** The Pi Network has a maximum total supply of **100 billion Pi coins**. This supply is allocated to community mining rewards (65%), foundation reserves (10%), liquidity purposes (5%), and the core team (20%). The circulating supply as of mid-May 2025 is around **7.09 billion**.

* **Value and Trading:** As of **May 13, 2025**, the price of Pi (PI) is fluctuating around **$1.08 - $1.12 USD**. It's important to note that Pi was not immediately listed on major exchanges after its mainnet launch, and trading may be limited to certain platforms. Some exchanges list Pi "IOUs" (I Owe You), which are essentially futures contracts and may not represent the actual value of Pi once fully tradable. The price of Pi has shown significant volatility.

* **Accessibility and Adoption:** Pi Network's mobile-first approach aims to make cryptocurrency mining and usage more accessible to a wider audience, including individuals who may not have the technical knowledge or resources for traditional cryptocurrency mining.

**To start mining Pi coins:**

1. ** the lightning bolt i