Pi Network’s Open Network Set to Launch on February 20, 2025!
Pi Network is making history! On February 20, 2025, at 8:00 AM UTC, Pi Network will officially transition to the Open Network period of Mainnet. This marks a significant milestone in the six-year journey of Pi Network, bringing the world one step closer to a decentralized, utility-driven cryptocurrency ecosystem.
Pi Network’s Journey to Open Network
Pi Network has grown tremendously since its inception, reaching over 10.14 million Mainnet migrations, surpassing its original 10 million goal. With over 19 million identity-verified Pioneers, Pi Network has established itself as one of the most inclusive blockchain ecosystems. The transition to Open Network signifies the removal of all restrictions, enabling seamless global transactions with Pi, the native cryptocurrency of Pi Network.
Phases of Development
The development of Pi Network has been a phased process:
- December 2021: Phase 3 (Enclosed Network) began, ensuring the Mainnet was live but protected from external connectivity.
- March 2022: A new mining rewards formula was introduced to maintain balance between accessibility and scarcity.
- July 1, 2024: The Grace Period was initiated, expediting the transition to Open Network while encouraging Pioneers to complete KYC and migrate to Mainnet.
- PiFest 2024: A major success, allowing Pioneers to transact Pi for real goods and services globally, with over 950,000 active participants.
What to Expect from Pi Network’s Open Network Launch
The transition to Open Network introduces external connectivity, allowing Pi Network to interact with other blockchain networks and traditional financial systems. This connectivity enhances the usability of Pi and opens doors for businesses and developers to build innovative applications.
Key Changes at Open Network Launch
- External Connectivity: The removal of the firewall enables transactions outside the Pi ecosystem.
- Node Participation: Pioneers can transition their nodes from Testnet to Mainnet, prioritizing those with high contribution scores.
- KYB (Know Your Business) Verification: Businesses must undergo verification to participate in Pi transactions, ensuring a secure and compliant network.
- Expanded Business Opportunities: Pi will facilitate secure Web3 interactions, connecting real users with verified businesses.
Pi Network’s Open Network Conditions and Achievements
Pi Network has successfully met all conditions required for Open Network, ensuring a robust and well-prepared ecosystem at launch:
- Over 19 million Pioneers have completed KYC (exceeding the original 15 million requirement).
- 10.14 million Pioneers have migrated to Mainnet (surpassing the 10 million goal).
- More than 100 Mainnet apps are ready for launch, enriching Pi’s utility-driven ecosystem.
What Should Pioneers and Developers Do?
With the Open Network launch, active participation is key to ensuring Pi Network’s success. Here’s how you can contribute:
For Pioneers
- Continue mining Pi following the new issuance model.
- Engage with Pi Apps to expand Pi’s real-world use cases.
- Support local commerce by transacting Pi for goods and services.
- Complete KYC and migrate to Mainnet if you haven’t already.
For Developers
- Refine and improve Mainnet apps to enhance user experience.
- Create new applications that contribute to the Pi ecosystem.
- Ensure compliance with Pi Network’s security and business standards.
Final Thoughts: A New Era for Pi Network
The Open Network launch on February 20, 2025, is a landmark event that will reshape the future of Pi Network. With a growing community, strong security measures, and real-world utility, Pi Network is set to revolutionize the way people interact with cryptocurrency. Pioneers, get ready to be part of the most inclusive and innovative blockchain ecosystem!
Stay tuned for more updates on Pi Network’s Open Network launch and prepare to make the most of this exciting transition!
