Pi network nearing open mainnet launch 20-February 2025
Pi Network's open mainnet launches on February 20, boosting connectivity and real-world use.
After years of anticipation and delays, the Pi Network is finally preparing for its much-awaited open mainnet launch. The official launch is scheduled for February 20, 2025.
Marking a significant milestone for the network and its global community of users, known as Pioneers. This long-anticipated move is expected to bring Pi Network closer to the broader blockchain ecosystem, opening up new opportunities for both users and businesses.
A Long Road to Mainnet
Pi Network, which started in 2019, has quickly gained traction with
millions of users worldwide who mine Pi coins directly on their mobile
devices. Despite its rapid growth and widespread adoption, the
transition to an open mainnet faced several hurdles, pushing the launch
date from 2024 to 2025. However, after overcoming these obstacles, Pi
Network has reached key milestones that have paved the way for the open
mainnet’s launch:
- 19 million users have successfully completed identity verification through Pi’s KYC system.
- Over 10.14 million users have migrated to the mainnet, exceeding the original goal of 10 million.
- More than 100 applications have been developed and are ready for mainnet deployment, strengthening the Pi ecosystem.
What the Open Mainnet Means for Pi Users
The launch of the open network represents a massive shift for Pi, as it
will finally be able to connect with other blockchain systems. This
opens up the potential for Pi to be used in real-world transactions,
making it more functional and accessible for everyday use.
External Connectivity and New Opportunities
With the network going open, Pi’s blockchain will no longer be isolated
within its own ecosystem. Users, or Pioneers, will now be able to
interact with other compliant blockchain networks, which will expand the
use cases for Pi Coin. This connectivity will make Pi more useful in a
wider range of digital economy activities, paving the way for new
business models and real-world applications.
Transition of Nodes to Mainnet
One of the significant steps after the open mainnet launch will be the
removal of the firewall that has been keeping Pi’s network separate from
the blockchain. This will allow Pi’s nodes to transition from Testnet
to Mainnet, with the Core Team prioritizing reliable contributors for
this transition.
Enhanced Security and Verified Participation
To maintain a secure and trustworthy environment, all Pioneers will be
required to complete KYC (Know Your Customer) verification.
Additionally, businesses will need to undergo KYB (Know Your Business)
verification. A list of KYB-verified businesses will be made available
on the Pi website, ensuring that Pi’s ecosystem remains secure and
trustworthy for all participants.
A Final Call for Unverified Pioneers
For those Pioneers who have not yet completed their KYC or migrated to
the mainnet, there is still time to do so after the open network launch.
Pioneers are encouraged to use Pi apps through the Pi Browser to help
expand the ecosystem and promote the real-world use of Pi.
Importantly, the launch of the open network is confirmed and will not be delayed due to external factors or market changes.
Pi Coin’s Price Soars 80%
Following the announcement of the open mainnet launch, the price of Pi
Coin surged by a staggering 80%, rising from $49 to $92 in just a few
hours. Experts are predicting that the official launch of Pi Network
could push Pi Coin’s price beyond $100 as the network finally steps into
the real world.
After years of anticipation, Pi Network is set to make its debut on the global stage. With the open mainnet launch just around the corner, all eyes are on Pi’s next moves as it looks to establish itself as a major player in the blockchain and cryptocurrency landscape. The future is looking bright for Pi Network, and the excitement among the community is palpable
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always do your own research before investing.