2024 was a big year for Pi Cryptocurrency and its global community. The Pi Network made progress on its goals. Several important events took place. These caught the attention of both crypto fans and critics.
2024 was a key year for Pi Cryptocurrency, with major developments. Pi Network pushed its KYC deadline to January 31, 2025. It reached 14 million verified users, close to its 15 million target. Despite delays and issues with the open mainnet launch, Pi Network’s app hit over 100 million downloads. The app gained strong popularity, especially in Asia. Here are the main highlights of Pi Cryptocurrency in 2024.
14 Million Users Verified: Progress and Challenges
This year Pi Network announced it was extending its KYC deadline to January 31, 2025. By December 2024, 14 million out of the target of 15 million users had completed the verification process. While this achievement showcases progress, it also highlights the remaining gap in meeting the KYC target.
This extension came after multiple delays, frustrating many users who have struggled with the verification process. To address concerns, Pi Network provided support through a dedicated Telegram chat and emphasized the importance of completing the entire checklist, including wallet setup and token agreement signing, to ensure Pi tokens remain usable.
Pi Cryptocurrency Hits 100 Million Downloads but Faces Delays
Despite surpassing 100 million app downloads globally, Pi Cryptocurrency’s open mainnet launch remains pending. The Pi Core Team celebrated 2,000 days since the project’s inception in September 2024 but has yet to deliver on promises regarding the native token and fully operational blockchain.
Earlier in the year, the team reiterated that the open network’s launch hinges on reaching 15 million verified KYC users and migrating them to the mainnet. By August, over 13 million users had completed authentication, with 6 million successfully migrating. These numbers increased to 14 million KYC completions by December, yet progress toward the open mainnet remains slow.
The uncertainty about the timeline has frustrated many community members. Some are starting to question if the project is viable. The Pi Core Team’s December update, expected to provide clarity, has so far failed to meet expectations, leaving users skeptical about seeing the mainnet open before the year’s end.
South Korea Leads with Over 1.34 Million Pi Users
While delays have tested the patience of its community, Pi Cryptocurrency’s popularity continues to rise, particularly in Asia. Countries like South Korea, China, Vietnam, Singapore, India, and Japan have become strongholds for the project. Notably, South Korea boasts over 1.34 million Pi Network users, surpassing the domestic client base of major exchanges like Binance and Coinbase.
This growth is further evidenced by the app’s milestone of over 100 million downloads, cementing its position as one of the most widely recognized cryptocurrency projects in the world.
Scammers Target Pi Network Users
The surge in popularity has also attracted scammers. In response, Pi Network’s team issued multiple warnings to protect its users. These include:
Relying on Official Channels: Users were urged to follow updates shared through verified sources. The team provided a dedicated safety page listing trusted links and resources.
Using Authentic Pi Wallets: The team highlighted the importance of accessing Pi Wallets exclusively through the designated Pi Browser. The official wallet is distinguishable by its purple navigation bar and Pi logo.
By prioritizing security measures, Pi Network aims to safeguard its growing community against potential threats.
2024 was a key year for Pi Cryptocurrency, with both achievements and challenges. The Pi Network reached over 14 million verified users out of its 15 million goal. Its app also hit 100 million downloads worldwide. Despite these milestones, the long-awaited launch of the open mainnet remained delayed, leaving many users frustrated.
The Pi Network faced criticism for its slow pace in delivering promised features, yet its popularity surged, particularly in Asia, with South Korea emerging as a leading hub. The year also saw a rise in scams targeting users, prompting Pi Network to reinforce security measures. While 2024 brought both progress and setbacks, Pi Cryptocurrency’s continued expansion and user engagement suggest that 2025 could be a critical year in its evolution.
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