Pi Network is ready to enter its Open Network phase on February 20, 2025, at 8:00 AM. UTC, following almost six years of development. This achievement is a significant turning point toward realizing Pi’s goal of building. An inclusive peer-to-peer ecosystem runs on her cryptocurrency.
Pi Network Mainnet Phase 3
This phase provides time for developers to create genuine apps for the Pi ecosystem. This is for the Core Team to improve many Pi features and utilities and for Pioneers to complete KYC (know your customer) authentication and shift their Pi balances to the Mainnet.
Mining Rewards & Transition
Following a decreasing exponential model to balance development, accessibility, and lifespan. Scarcity, a new mining reward issuing formula, was adopted in March 2022. This approach sought to honor Pioneers for their contributions to the network somewhat.
Enacted on July 1, 2024, the Grace Period sped toward the Open Network by giving Pioneers enough time. Passing KYC and moving generates urgency for others to follow. This approach cleared Pi Coin Surges for other Pioneers to mine.
Pi Network’s Key Milestones
- The combined efforts of the Pi community have produced notable benchmarks:
- Over 19 million Pioneers have confirmed their identity via Pi’s KYC system, exceeding the initial target of 15 million.
- More than 10.14 million Pioneers have moved to the Mainnet, exceeding the original target of 10 million.
- With about 100 Mainnet or Mainnet-ready applications, the network meets the aim of providing the dynamic. Varied utility is required for the Pi Network to flourish in the Open Network phase.
Pi Network’s Open Network Integration
Once the Mainnet blockchain opens, outside access via the Open Network. Pi Coin Surges can interact with other cooperating networks and systems. Pioneers will thus be able to engage outside the Pi ecosystem, enhancing Pi’s value and reach.
Cally runs the protocol and ties the Mainnet blockchain to the network, adding nodes. Emphasizing individuals with significant historical contributions and dependability scores, the Core Team will progressively ask Pioneers to migrate their nodes from Testnet to Mainnet using the desktop node UI. Public access to node rank data will begin immediately.
KYC & KYB Verification for Mainnet
Participation in Mainnet blockchain activities will need KYC verification for Pioneers and KYB (Know Your Business) verification for companies to keep a safe and compliant ecosystem. This method guarantees that, and vice versa, KYB-verified companies and partners interact with authentic KYC-verified Pioneers. Through the Pi Network’s website, companies can request KYB verification; upon Open Network’s debut, a list of KYB-verified companies will be provided.
Community & Developer Contributions
Contributions from pioneers and community developers are vital to the resilience. Strength of Pi Network Launch 2025 as it moves into the Open Network phase. If they haven’t already, pioneers are urged to keep mining, interact with Pi apps, support the value of the ecosystem, and complete KYC and Mainnet migration. Developers should improve current programs and produce fresh ideas addressing the actual requirements of the Pi community and beyond.
Final thoughts
The Open Network’s debut on February 20, 2025, will be a significant turning point in Pi Network’s path toward creating a sustained, dispersed, and strong community. The Core Team urges companies, developers, and pioneers to actively engage, stimulate ideas, and guarantee the network’s long-term viability.
Pioneers are urged to stay updated through official Pi Network channels and prepare to interact with the enlarged ecosystem as the Open Network launch approaches. This change marks a new chapter for Pi Network Launch 2025 and its worldwide community and presents fresh chances for practical applications and interactions.
