Today marks the official launch of Open Network phase in Pi Network at 8:00 AM UTC on February 20, 2025 as a major achievement for the world’s most inclusive peer-to-peer cryptocurrency ecosystem.
The available real-world utility from Pi Network has expanded because the platform now hosts 10.14 million Main net migrants alongside 19 million Pioneers who verified their identities.
Pi Network Journey to Open Network Phase
The Enclosed Network phase of Mainnet launched in December 2021 brought Pi Network to focus on developing its ecosystem as well as expanding KYC verification efforts to support utility-driven application development. Key milestones include:
The network implemented an exponential-mining rewards receipt system that decreases exponentially during March 2022.
The initiation of the Grace Period between July 1, 2024 resulted in heightened KYC activities which led numerous users to shift their activities to Mainnet.
The upcoming PiFest 2024 event will be a major showcase where Pioneers from 160 countries will demonstrate their participation in transactions totalling over 950,000.
What to Expect from Pi Network’s Open Network Phase
The Open Network stage eliminates the Mainnet firewall so external systems can become connected. Open Network will enable Pioneers to establish network connections with both businesses and external users. Here’s what’s new:
- Users and companies operating through Pi can make transactions outside the internal platform and facilitate wider adoption of the platform.
- The invitation to move Testnet nodes to Mainnet will first prioritize users who have made substantial historical contributions.
- Mainnet blockchain customers need to provide KYC information for individuals while businesses must submit KYB documents to join the secure compliant platform.
Open Network Phase Launch Conditions Met
All criteria associated with Open Network launch have been fulfilled by Pi Network.
Completion of all necessary technical, legal, and business work.
The verification of Pioneers through KYC process achieved 19 million participants which exceeded the mandatory threshold of 15 million.
Mainnet facilitates operation of more than 100 application programs to boost the utility features for the ecosystem.
Next Steps for Pioneers and Developers
Pioneers are encouraged to:
The procedure of mining persists while mining rates experience successive modifications.
Users of the Pi App must use all provided applications to build up and improve ecosystem capabilities.
Complete KYC and Mainnet migration, if not done already.
The main development goal should target Mainnet system enhancement together with innovative solutions for Pi users’ increased needs.
Driving Innovation and Long-Term Utility
Following its transformation phase Pi Network accepts developers and business partners to work together with Pioneers for advancing innovation. The implementation of Open Network brings Pi Network into key position within decentralized finance systems to create lasting security and sustainability in Web3 economies of tomorrow.
