Pi Network Open Mainnet Launch Announced

Pi Network, one of the worlds largest cryptocurrency programs to date, will launch its much anticipated open mainnet on February 20th 2025 as announced by the core teams official social media accounts.

What To Expect At Open Mainnet Launch?

The launch of the Open Network brings an important new change—external connectivity—to the layer-1 Pi blockchain creating an environment where Pi can connect securely with external systems, expanding opportunities for Pioneers and businesses.

Connecting Pi With the Outside World

The transition to Open Network will enable external connectivity on the Mainnet blockchain, allowing Pi to interface with other compliant networks and systems.

This means Pioneers will be able to engage in transactions beyond the Pi ecosystem, expanding Pi’s utility and reach.

Upon Open Network launch with the firewall removed, anyone can technically add nodes to the Mainnet blockchain, in terms of running the protocol and connecting to the network.

The Core Team will gradually invite Pioneers to transition their nodes from Test-net to Mainnet via the desktop node UI, prioritizing those with strong historical contributions and reliability scores.

Node rank data will be made public as soon as possible.

Business Compliance Requirements for Network Participation

To maintain a safe and compliant ecosystem, participation in Mainnet blockchain activities will require KYC (Know Your Customer) verification for Pioneers, and KYB (Know Your Business) verification for businesses.

Overall, Pi intends to be a safe Web3 space where Pioneers can have external connections with the Pi they hold—KYC’d businesses and partners interface with real KYC’d Pioneers, and vice versa.

Update on Open Network Conditions

The Open Network date was chosen based on the Open Network Conditions set and shared with the whole community in December 2023. Pi Network’s progress in completing the Open Network conditions has continued and accelerated through community efforts since the December 2024 timeline update.

The network has now reached all conditions required for Open Network, and thus it is time for the Open Network!

Let’s go over the conditions in detail below.

Condition 1:

All tech, product, business, and legal work necessary to reach Open Network has been completed.

Condition 2:

19 million Pioneers verified their identity through the Pi KYC solution, including fully and tentatively KYC’d as originally defined in the condition. This exceeds the original requirement of 15 million in the condition.

10.14 million Pioneers have migrated to the Mainnet, exceeding the original goal of 10 million.

We’ve reached over 100 Mainnet or Mainnet-ready apps, which meets the 100 app goal to offer the vibrant, engaged, and diverse utility necessary for Pi Network to thrive in Open Network at launch.

Condition 3:

There will be no further delays to the Open Network launch due to external factors or an unfavorable environment.

Pioneers should continue to KYC and migrate to Mainnet if they haven’t already before or after the Open Network launch, and engage with Pi apps in the Pi Browser to support ecosystem development and long-term utility.

Likewise, community developers are encouraged to develop, refine and launch apps that meet Pi Network’s standards and contribute to the community and its utility.

What Pioneers and Developers Should Do During the Open Network Period

Here’s how Pioneers can engage actively:

Mining and contributions: Continue mining, with rate adjustments in line with the declining exponential issuance model and monthly limits.

Utility building: Engage with Pi Apps, support Pi Network and Pi through your use of the platform and Pi, and help to expand the ecosystem’s utility.

Developers are encouraged to refine existing, and create new, solutions that address the genuine needs of the Pi community and beyond.

Local commerce integration: Store owners are encouraged to continue to accept Pi, allowing Pioneers to participate in peer-to-peer transactions for goods and services, bringing Pi continued utility in Pioneers’ everyday life.

KYC and migration: The network should continue the KYC and migration process after Open Network launches.

If you haven’t yet, please do so as soon as possible in the Open Network period.

For developers:

Improve your Mainnet apps: Ensure that you make refinements to your apps to address user needs and wants, and to address any issues that arise following Mainnet.

Develop new Mainnet apps: Build Pi apps to contribute to the Pi Ecosystem. Learn more here.

As Pi Network enters the Open Network period, Pioneers, developers, and businesses are invited to collaborate actively, driving innovation and to ensure that Pi Network remains a sustainable, distributed and robust community.

What Exchanges Will List Pi Network At Open Mainnet?

So far, several large exchanges have announced the listing of Pi Network coins including OKX, Binance, HTX, BitMart, Biconomy, SuperEx, Onus Pro, and you can look for a Coinbase listing coming soon.

How Has The Announcement Changed The Price?

While the open mainnet announcement has caused chaos on social media, the Pi Network Price on Coinmarketcap and other coin-tracking websites has also taken a huge leap.

Before the announcement, Pi was trading at a solid $51, a price that has been steadily increasing over the last week thanks to the core team's announcement that open mainnet would not be delayed further.

After the announcement, the price increased to over $100 and initially fell back to $80.

You can expect the price to soar in the coming days as open mainnet approaches and more people find out about the announcements.

For more Pi Network News, follow us here on Vocal.Media and we will keep you updated on all the juicy news!

You can visit our website where this article originates Networth25.com by clicking HERE