Pi Network’s Open Network Transition: A New Era Begins

Pi Network’s Open Network Transition: A New Era Begins

Pioneers, the Wait is Over!

At 8:00 AM UTC on February 20, 2025, Pi Network will officially transition to the Open Network period of Mainnet! This marks a groundbreaking moment for the Pi community—a step forward in realizing the vision of a decentralized, inclusive, and utility-driven cryptocurrency ecosystem.

After six years of dedication and collaboration, the Pi community has successfully surpassed major milestones. With over 10.14 million Mainnet migrations, exceeding the original 10 million target, and 19 million identity-verified Pioneers, Pi Network is poised to redefine the crypto landscape. The Open Network will allow for greater connectivity, enhanced functionality, and seamless integration with external networks.

A Look Back at Pi’s Journey

Pi Network’s journey has been shaped by deliberate phases aimed at building a robust and sustainable ecosystem. The current Mainnet Phase 3 began in December 2021 with the Enclosed Network period, allowing time for:

• Pioneers to complete KYC verification and migrate to Mainnet.
• Developers to build real-world applications within the Pi ecosystem.
• The Core Team to improve utilities and infrastructure for a seamless user experience.

A crucial step in this journey was the introduction of a new mining rewards formula in March 2022, ensuring sustainable network growth. Additionally, the Grace Period, enacted on July 1, 2024, accelerated KYC verification and migration, allowing Pioneers to fully integrate into the Mainnet.

Throughout this period, Pi Network has demonstrated its real-world usability, with PiFest 2024 showcasing over 27,000 active sellers, 28,000 test merchants, and nearly 1 million Pioneers engaging in transactions across 160 countries.

What to Expect from the Open Network Launch

With Open Network, Pi will officially gain external connectivity, meaning that the layer-1 Pi blockchain will now be able to connect with external networks. This will create new opportunities for Pioneers and businesses, expanding Pi’s reach and usability. Key developments include:

1. Connecting Pi with the External World

• External transactions will now be possible, allowing Pi to be used outside the enclosed ecosystem.
• Pioneers will be able to trade, exchange, and utilize Pi in various real-world applications.
• The Pi blockchain will open up for nodes to operate freely, prioritizing those with a history of strong contributions and reliability.

2. Business Compliance for Network Participation

• Pioneers and businesses must complete KYC and KYB verification to participate in Mainnet transactions.
• Businesses can apply for KYB verification to be officially listed as a compliant entity in the Pi ecosystem.

3. Open Network Conditions and Achievements

Pi Network has successfully met the conditions set for Open Network launch:

• Technical, product, and legal infrastructure completed for external network integration.
• 19 million Pioneers verified through Pi KYC, surpassing the initial goal of 15 million.
• 10.14 million Pioneers migrated to Mainnet, exceeding the 10 million target.
• 100+ Mainnet-ready applications, ensuring Pi’s usability within a thriving ecosystem.

What Pioneers and Developers Should Do Next

As Pi Network enters this new phase, community engagement is crucial for the long-term success of the Open Network. Here’s how you can contribute:

For Pioneers:

• Continue Mining: Stay active in the network and engage with the new rewards model.
• Use Pi in Transactions: Support Pi-based businesses, engage in peer-to-peer transactions, and help grow the Pi economy.
• Complete KYC & Migration: If you haven’t completed KYC, now is the time to verify and migrate.

For Developers:

• Enhance Existing Apps: Improve and refine Mainnet applications to meet user needs.
• Develop New Applications: Contribute innovative apps that expand Pi’s functionality and utility.
• Adopt Pi Payments: Enable Pi as a transaction method for goods and services.

Final Thoughts: The Future of Pi Network

The transition to Open Network represents more than just a technical upgrade—it’s a community-driven movement towards a decentralized, utility-driven digital economy. As Pioneers, developers, and businesses come together, Pi Network is set to become a leading force in blockchain innovation.

With the network now open, the possibilities for Pi are limitless. Are you ready for the next chapter of Pi Network? Stay tuned for updates, engage with the community, and be part of the evolution of a decentralized future!

Welcome to the Open Network Era!

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