Compiled article by
Cryptoanalystiann.
Pi Network Launch is Here after a very long time of mining Pi Official Coins.
Pioneers, Pi Network will officially transition to the Open Network period of Mainnet at 8:00AM UTC on February 20, 2025!
As a result of the hard work and commitment from the entire Pi community over the last six years, the Pi community is taking the enormous next step in achieving the Pi vision of the world’s most inclusive peer-to-peer ecosystem and online experience, fueled by Pi, the native token of Pi Network.
What to Expect from Open Network at Launch.
The launch of the Open Network brings an important new change—external connectivity—to the layer-1 Pi blockchain creating an environment where Pi can connect securely with external systems, expanding opportunities for Pioneers and businesses.
Connecting Pi With the Outside World
The transition to Open Network will enable external connectivity on the Mainnet blockchain, allowing Pi to interface with other compliant networks and systems. This means Pioneers will be able to engage in transactions beyond the Pi ecosystem, expanding Pi’s utility and reach.
Upon Open Network launch with the firewall removed, anyone can technically add nodes to the Mainnet blockchain, in terms of running the protocol and connecting to the network. The Core Team will gradually invite Pioneers to transition their nodes from Testnet to Mainnet via the desktop node UI, prioritizing those with strong historical contributions and reliability scores. Node rank data will be made public as soon as possible
Business Compliance Requirements for Network Participation
To maintain a safe and compliant ecosystem, participation in Mainnet blockchain activities will require KYC (Know Your Customer) verification for Pioneers, and KYB (Know Your Business) verification for businesses. Overall, Pi intends to be a safe Web3 space where Pioneers can have external connections with the Pi they hold—KYB’d businesses and partners interface with real KYC’d Pioneers, and vice versa.
Businesses can apply for KYB verification through the webpage here (coming soon). Once Open Network launches, Pioneers can see a list of KYB-verified businesses on the Pi website.
What Pioneers and Developers Should Do During the Open Network Period 💯
Contributions from Pioneers and community developers are essential to the network’s strength and resilience as new challenges emerge in the Open Network phase.
Here’s how Pioneers can engage actively: 👇
Mining and contributions: Continue mining, with rate adjustments in line with the declining exponential issuance model and monthly limits.
Utility building: 💥Engage with Pi Apps, support Pi Network and Pi through your use of the platform and Pi, and help to expand the ecosystem’s utility. Developers are encouraged to refine existing, and create new, solutions that address the genuine needs of the Pi community and beyond.
Local commerce integration: 💥Store owners are encouraged to continue to accept Pi, allowing Pioneers to participate in peer-to-peer transactions for goods and services, bringing Pi continued utility in Pioneers’ everyday life.
KYC and migration: 💥The network should continue the KYC and migration process after Open Network launches. If you haven’t yet, please do so as soon as possible in the Open Network period.
What do you think the price can be...??
As Pi Network enters the Open Network period, Pioneers, developers, and businesses are invited to collaborate actively, driving innovation and to ensure that Pi Network remains a sustainable, distributed and robust community.
* Have you done KYC yet.
*Have your Pi tokens been migrated to Pi wallet?.
*Are you stuck?
*Do you want to access Pi network token Pi before launch and you were not mining ⛏️?
- Share your thoughts about Pi. Awaiting migration and still mining KYC done 💯
