With more than 18 million KYC-verified members and 8 million migrated users on the Mainnet, the Pi Coin community has accomplished important milestones. The first quarter of 2025 is the anticipated launch date for Open Network. By allowing more users to finish their migration, this timeframe seeks to close the gap between members who have successfully migrated to the Mainnet and those who are KYC-verified.
stressed the value ofa ccessibility and inclusivity.Increased participation and stability in the ecosystem will result from adding more Pioneers to the Open Network. The announcement's salient features are as follows:Launch the Network Update Launching in Q1 2025, the Open Network aims to:
1. Achieve the 10 million migration target ahead of schedule.
2. Close the divide between Mainnet-migrated users and KYC-verified users.
3. Increase involvement and engagement to fortify the ecosystem.
Pi Coin is already handling close to 200,000 migrations every day with the enhancements, and by January or February 2025, it should have surpassed the migration target. This schedule strengthens the groundwork for a successful Open Network transition by guaranteeing the inclusion of millions of Pioneers who have not yet migrated.
The Significance of Increased Migration Inclusivity is crucial to achieving the migration goals. Making it feasible for as many Pioneers to take part in the stability of the Open Network Ecosystem More Mainnet users promote greater utility and engagement Security Bonuses: The transferred team members help Pioneers by increasing the bonus Pi
Important KYC and Migration Updates
1. KYC Accomplishments Thei nitial target of 15 million Pioneers has been surpassed by almost 18 million who have finished KYC. More users are now able to complete their verification because of recent enhancements to the KYC procedure that have fixed flaws and tentative cases.
2. Progress of Mainnet Migration The Mainnet now has almost 8 million Pioneers. In order to ensuret hat more Pi gets transferred to the Mainnet, new upgrades now permit secondary migrations for users with residual transferable balances.
3. Extension of the Grace Period In order to give Pioneers more time to secure their Pi balances, the Grace Period deadline has been extended to January 31, 2025
Mainnet App Development Progress With the Pi Browser, users can access more than 80 Mainnet-ready applications in thee cosystem In order to make sure their apps are compatible with the Mainnet
ecosystem, which will launch alongside the Open Network,developers are urged to improve them Open Network Objectives
The December 2023 launch conditions for Open Network center on: Open Network Objectives
1. Scaling KYC and migration procedures is the main goal of the Open Network launch criteria, which were set in December 2023
2. Making sure there are no outside delays and that the ecosystem is strong.
3. Ensuring a smooth transition for every Pioneer Prepare for the Open Network Here’s how you can support
Pioneers Complete KYC and Mainnet migration criteria while the Pi Coin gets
ready for this important milestone, and encourage your networks to follow suit.
Shopkeepers Look at ways to incorporate Pi into your online and local companies Developers Complete your apps and move them to the Mainnet.
For the Pi Coin community, a robust and longlastinge cosystem begins with the Open Network launch in Q1 2025 Together, let’s ensure that this transition is successful!