Pi Network Plans Open Network Launch on February 20, 2025

19. Feb 2025 Posted by Laurent C. on News

Pi Network is set to make a significant leap forward as it transitions to the Open Network phase of its Mainnet on February 20, 2025, at 8:00 AM UTC. This milestone is the result of six years of dedicated effort from the Pi community, marking a pivotal moment in realizing the vision of an inclusive, peer-to-peer digital ecosystem powered by Pi, the network’s native cryptocurrency.

A Milestone in Pi Network’s Evolution

Having successfully migrated over 10.14 million Pioneers to the Mainnet, surpassing the initial goal of 10 million, Pi Network is now poised to open its utilities-driven ecosystem. With more than 19 million identity-verified users, Pi is increasingly positioned as a cryptocurrency with practical applications beyond digital transactions.

The transition to Open Network will usher in new opportunities for the Pi community. Ahead of this launch, it is essential to reflect on Pi’s journey, understand what the Open Network will introduce, and prepare for the evolving landscape.

The Journey to Open Network

Pi Network’s development has been a structured process, with deliberate phases shaping its progress. The Mainnet Phase 3 began in December 2021 with the introduction of the Enclosed Network period, a phase that allowed for essential developments before full external connectivity was established. This period provided the necessary foundation for Pioneers to complete Know Your Customer (KYC) verification, developers to create real-world applications, and the Core Team to enhance network utilities.

In March 2022, a new mining rewards issuance formula was introduced, incorporating a declining exponential model to balance network growth, accessibility, and longevity. Further progress was made on July 1, 2024, with the introduction of the Grace Period, designed to encourage timely KYC verification and migration to Mainnet, ensuring only verified users retained access to their Pi holdings.

During this time, transactions within the Pi ecosystem flourished. PiFest 2024, a global event, enabled Pioneers to transact Pi for goods and services, engaging over 27,000 sellers and 28,000 test merchants across 160 countries. The event highlighted the real-world potential of Pi’s ecosystem, integrating key features such as the Map of Pi for store discovery, Pi Wallet for transactions, and Fireside Forum for social engagement.

Key Changes with Open Network

The Open Network phase will introduce external connectivity to Pi’s layer-1 blockchain, expanding its reach and utility. This transition will enable Pi to interact with external networks, allowing Pioneers to engage in broader financial transactions beyond the Pi ecosystem.

Expanding Network Participation

Upon launch, the removal of the firewall will allow anyone to add nodes to the Mainnet blockchain, contributing to network decentralization. The Core Team plans to prioritize Pioneers with strong historical contributions and reliability scores for early Mainnet node participation.

Business Compliance and Security

To ensure a secure and compliant network, Mainnet participation will require Pioneers to complete KYC verification, while businesses must undergo KYB (Know Your Business) verification. A dedicated platform will allow businesses to apply for KYB, and a list of verified entities will be accessible to Pioneers.

Meeting Open Network Conditions

The launch date for Open Network was determined based on specific conditions outlined in December 2023. All conditions have now been met, including:

  • Completion of all necessary technological, business, product, and legal developments.

  • Over 19 million verified Pioneers, exceeding the original requirement of 15 million.

  • Successful migration of 10.14 million Pioneers to Mainnet, surpassing the goal of 10 million.

  • More than 100 Mainnet or Mainnet-ready applications, fulfilling the required benchmark for ecosystem diversity.

  • No external delays or unfavorable conditions impeding the launch.

Next Steps for Pioneers and Developers

The success of the Open Network phase depends on continued contributions from the community. Pioneers are encouraged to actively engage with Pi Network by:

  • Mining and Contributing: Following the adjusted mining rate under the declining exponential model.

  • Building Utility: Engaging with Pi applications and supporting the ecosystem’s growth.

  • Facilitating Local Transactions: Encouraging businesses to accept Pi for goods and services.

  • Completing KYC and Migration: Ensuring full participation in the Open Network.

Developers are urged to refine existing applications, address emerging user needs, and create new Mainnet apps to support the network’s expansion.

With the Open Network launch, Pi Network enters a new era of accessibility, innovation, and decentralized collaboration. Pioneers, businesses, and developers are invited to take an active role in shaping the future of this dynamic ecosystem.