What's the Deal with Pi Coin and Its Open Network?
Pi Network has been a hot topic with its promise of mobile mining and a massive community of over 50M users! But why hasn’t it fully transitioned to the Open Network yet?
The Open Network launched on Feb 20, 2025, allowing Pi Coins to be traded on exchanges like OKX and Bitget. However, the network still faces hurdles:
Migration Gaps: Only ~9.7M of 18M KYC’d Pioneers have migrated to the mainnet, slowing full decentralization.
Centralization Concerns: The Pi Core Team controls nodes, raising questions about transparency and decentralization.
Exchange Listings: While listed on smaller platforms, major exchanges like Binance haven’t fully embraced Pi due to regulatory and transparency issues.
Despite this, Pi’s vision of accessible crypto and growing dApp ecosystem keeps the hype alive! Will Pi overcome these challenges and soar? Share your thoughts below!
#PiNetwork #PiCoin #CryptoNews #BinanceSquare