Analyst Fires Back At Pi Network Doubters Ahead Of Mainnet Launch

Prominent crypto analyst Kim H Wong has issued a strong defense of Pi Network, challenging skeptics ahead of its February 20, 2025, open mainnet launch.

Wong emphasizes the network’s achievement in allowing global cross-border transactions and its user adoption through mobile mining tech.

The defense comes as Pi Network gains increased market validation. With major exchanges including OKX, Bitget, MEXC, HTX, and Gate.io adding support for Pi trading.

Key Arguments Supporting the Upgrade

Kim H Wong’s defense of Pi Network centers on several fundamental innovations that separate it from other cryptocurrency projects. The analyst points to Pi’s successful implementation of instant cross-border transactions and bartering systems as proof of its practical utility.

Wong emphasizes that while other projects focus on speculative value, Pi Network has created a functional economic ecosystem spanning over 200 countries.

The network’s mobile mining approach is what Wong describes as an “ingenious invention” in wealth distribution.

Unlike traditional cryptocurrencies that need expensive hardware or large initial investment, Pi’s accessibility through mobile devices has allowed millions of users to participate in the network without financial barriers.

This approach has resulted in over 100 million registered users. As well as, 65 million active participants, numbers that Wong argues no other crypto project has achieved.

A key element of Wong’s defense focuses on Pi Network’s regulatory compliance through its proprietary KYC (Know Your Customer) process.

With approximately 19 million KYC-verified users and 10.5 million wallets containing usable Pi tokens. The network has shown its ability to balance accessibility with regulatory requirements.

Rising Exchange Support for Pi Network

The skepticism surrounding Pi Network appears to be fading as major cryptocurrency exchanges show confidence in the project.

Within days of each other, OKX, Bitget, MEXC, HTX, and most recently Gate.io have announced support for Pi trading, creating a strong foundation for market liquidity.

This succession of listings from established exchanges directly challenges critics who questioned Pi’s legitimacy, though U.S. customers currently remain excluded from these trading venues.

Exchange support extends beyond simple listings to active promotion of the Pi ecosystem. Bitget has launched a substantial 150,000 Pi token airdrop program to incentivize deposits, while Gate.io introduced a Launchpool event allowing users to stake Pi tokens for GT rewards.

These initiatives from major market players suggest growing institutional confidence in Pi Network’s long-term viability. Market observers note that speculation around a potential Binance listing has intensified.

Pi Network’s Mainnet Details

Pi Network’s preparation for the open mainnet launch has reached 10.14 million mainnet migrations against an original target of 10 million.

The ecosystem now supports over 100 mainnet-ready applications, meeting the network’s need for diverse utility at launch.

Real-world implementation has already shown promising results. During PiFest 2024, the network has shown its practical capabilities, facilitating transactions between 27,000 active sellers and 28,000 test merchants across 160 countries.

The event had 950,000 participants and also showcased Pi’s integrated ecosystem features, including Map of Pi for store discovery, Pi Wallet for payments, and blockchain-based transaction processing. This successful large-scale test validates Wong’s assertions about Pi’s practical utility.

The platform’s technical architecture combines accessibility with regulatory compliance. The network’s self-developed KYC process has verified 19 million users, while its Layer 1 blockchain technology provides the foundation for decentralized, scalable, and secure transactions.