Pi Network (PI) announced on February 20, 2025 that Mainnet will officially switch to the open network period. It points to an important transition from the closed main network phase that started in December 2021.
As a decentralized crypto currency project, Pi Network Stanford graduates were launched on March 14, 2019 (Pi Day), and since then, community participation has been increasing. Users or Pioneers can make Pi Coin mining with minimum power on mobile devices.
Previously, the Pi Network team guaranteed that the Open Network would be broadcasted after 15 million people have crossed their validation (KYC) verification. According to the latest statement, 19 million Pioneer successfully completed the procedures and 10.14 million people moved to the main network.
He said that users who could not pass the verification process can do this even after the launch of the Open Network and thus interact with Pi applications in the Pi browser to support the development of the ecosystem.
PI crypto money has been traded since the project started six years ago. However, it has not been available in the open market so far. As of February 20, users will be able to transactions through crypto exchanges.
https://twitter.com/picoreteam/status/188945244464517293
What is expected from the open network launch of Pi Network
Pi Network’s open network launch will bring a major transformation by allowing Pi to connect to external systems for the first time. This will open new opportunities for Pioneers and businesses and expand the use of Pi in the real world.
With the open network, Pi’s blockyni will no longer be restricted and allow operations beyond the ecosystem. Pioneers will interact with other compatible networks and make Pi more functional in the digital economy.
After the launch, the firewall will be removed and the nodes will be allowed to join the main network block. The nucleus team nodes will give priority to those who contribute reliable while passing the main network from Testnet.
Pi Network increased by 70 percent
Pi Network, the crypto currency and developer platform, which allows users to make PI Coin mining, finally set a date for the main network launch after multiple delay. Following the announcement, the price of Pi Coin increased by 70 percent.
After a few hours after the announcement, the price of the PI increased over $ 90 at a price of less than $ 50. However, as of the date of writing this article, the value of the crypto currency fell to 80.91 dollars. You can follow Pi Network live market data via Coingecko.
