On February 12, 2025, the Pi Core Team announced that external wallet transfers on the mainnet would commence on February 20, 2025. This marks a pivotal transition from the Enclosed Mainnet phase, enabling Pioneers to engage in transactions beyond the Pi ecosystem. The Open Network launch is anticipated to enhance Pi's real-world utility and integration into the broader cryptocurrency landscape.
KYC Verification and User Base Expansion
Pi Network has surpassed 14 million KYC-verified users, nearing its target of 15 million. The KYC process is essential for securing users' Pi tokens and facilitating mainnet migration. The community's active participation has been instrumental in reaching this milestone.
Technical Developments
The release of Pi Node Version 0.5.0 has prepared nodes for the mainnet by transitioning to the Testnet2 blockchain. This update simulates the mainnet environment, allowing for comprehensive testing and ensuring a seamless switch between Testnet and Mainnet operations.
Ecosystem Growth and Partnerships
Pi Network continues to expand its ecosystem by collaborating with various businesses and developers. These partnerships aim to enhance the utility of Pi by enabling transactions for digital goods and services within the enclosed environment. The upcoming Open Network launch is expected to further attract collaborations, integrating Pi into a wider array of applications and services.
As Pi Network approaches its Open Mainnet launch, the community remains engaged and optimistic about the project's future developments.