Pioneers, Pi Network will officially transition to the Mainnet Open Network period at 8:00 AM UTC on February 20, 2025!
As a result of the hard work and commitment of the entire Pi community over the past six years, the Pi community is taking the next huge step towards achieving the Pi vision of the world’s most inclusive peer-to-peer ecosystem and online experience, powered by Pi, the native token of the Pi Network.
We have reached 10.14 million Mainnet migrations, exceeding the original target of 10 million, due to the updates announced in the last roadmap update, and Pi is ready to open its utility-based ecosystem where our 19 million+ identity-verified pioneers can use Pi, a cryptocurrency with real-world functions and applications behind it.
Stay tuned for more information on the Open Network on launch day! In the meantime, let’s take a look at Pi’s journey, what to expect from the Open Network launch, updates on the status of the Open Network, and how you can prepare in the meantime!
Our journey here
Pi Network’s six-plus-year journey to Open Network has been built on deliberate milestones and phases driven by Pioneers, the ecosystem, and the community. The current Mainnet Phase 3 began in December 2021 with the launch of the Enclosed Network period, which meant the Mainnet was live but with a firewall preventing any external connectivity. This period set the stage for Open Network, allowing time to:
Pioneers to complete KYC and obtain Pi on Mainnet;
Developers to create real applications and utilities for the Pi ecosystem; and
The core team will release and improve various Pi features and utilities.
A new mining rewards issuance formula was also launched in March 2022 at the start of the Enclosed Network, following an exponential decay model that balances the need for network growth, accessibility, longevity, and scarcity, while right-scaling Pioneers’ rewards for contributing to the network.
The Grace Period was enacted on July 1, 2024 — accelerating progress towards Open Network — to strike a balance between providing Pioneers with adequate time to pass KYC and be eligible to earn Pi on Mainnet, while also creating enough incentive and urgency for people to pass KYC and migrate to Open Network. By preventing unverified Pi beyond the 6-month rolling KYC period from earning Pi on Mainnet, this strategy helps Pi be released for mining by other Pioneers.
Meanwhile, Pioneers who earned Pi on the Mainnet were able to trade Pi with other Pioneers within the network. For example, PiFest 2024, a week-long event, facilitated the transaction of Pi for goods and services between Pi merchants and Pioneer buyers at the local level, attracting over 27,000 active sellers and 28,000 test merchants across 160 countries, and the participation of over 950,000 Pioneers in just a few days. PiFest showcased Pi’s complete ecosystem for local commerce integration, connecting store discovery via Map of Pi, payments via Pi Wallet, transactions on the Pi Mainnet blockchain, and social sharing on the Fireside Forum — all working seamlessly across different existing Pi applications.
What to expect from the Open Network at launch
The launch of the Open Network brings a major new change — external connectivity — to the Pi Layer 1 blockchain, creating an environment where Pi can securely connect with external systems, expanding opportunities for early adopters and enterprises.
Connecting Pi with the outside world
The transition to the Open Network will enable external connectivity on the Mainnet blockchain, allowing Pi to interface with other compatible networks and systems. This means that Pioneers will be able to engage in transactions beyond the Pi ecosystem, expanding Pi’s utility and reach.
After the Open Network launches 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 ranking 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 enterprises. Overall, Pi aims to be a secure Web3 space where Pioneers can have external connections to the Pi they own — KYB’d enterprises and partners interact with real KYC’d Pioneers and vice versa.
Companies can apply for KYB verification via the webpage here (coming soon). Once the Open Network is launched, Pioneers will be able to see a list of KYB verified companies on the Pi website.
Update on open network conditions
The Open Network date was chosen based on the Open Network Conditions defined and shared with the entire community in December 2023. Pi Network’s progress towards completing the Open Network conditions has continued and accelerated through community efforts since the December 2024 schedule update. The network has now met all the necessary conditions for the Open Network, and so it is time for the Open Network!
Let's analyze the conditions in detail below.
Condition 1: All technical, product, business and legal work required to reach the Open Network has been completed.
Condition 2:
19 million Pioneers have verified their identity through the Pi KYC solution, including fully and provisionally KYC’d as originally defined in the condition. This exceeds the original requirement of 15 million in the condition.
10.14 million Pioneers have migrated to Mainnet, surpassing the original goal of 10 million.
We have reached over 100 Mainnet or Mainnet-ready applications, which meets the 100-application goal to deliver the vibrant, engaging, and diverse utility needed for Pi Network to thrive on the Open Network at launch.
Condition 3: There will be no further delays in the launch of the Open Network due to external factors or unfavorable environment.
Early adopters should continue to KYC and migrate to Mainnet if they have not already done so before or after the Open Network launch, and engage with Pi apps on the Pi Browser to support ecosystem development and long-term utility. Likewise, community developers are encouraged to develop, refine, and release applications that meet Pi Network standards and contribute to the community and its utility.
What Pioneers and Developers Should Do During the Open Network Period
Contributions from early adopters and community developers are essential to the strength and resilience of the network as new challenges arise in the Open Network phase.
Here’s how early adopters can get actively involved:
Mining and contributions: Continue mining, with fee adjustments aligned with the exponential decay issuance model and monthly caps.
Utility Building: Engage with Pi Apps, support Pi Network and Pi through the use of the platform and Pi, and help expand the utility of the ecosystem. Developers are encouraged to refine existing solutions and create new ones that address the genuine needs of the Pi community and beyond.
Local Commerce Integration: Merchants are encouraged to continue accepting Pi, allowing Pioneers to participate in peer-to-peer transactions of goods and services, bringing continued utility to Pi in Pioneers’ everyday lives.
KYC and migration: The network should continue the KYC and migration process after the Open Network launch. If you have not already done so, please do so as soon as possible during the Open Network period.
For developers:
Improve your Mainnet applications: Make sure to make adjustments to your applications to meet the needs and wants of your users and to address any issues that arise post-Mainnet.
Develop new Mainnet applications: Create Pi applications to contribute to the Pi ecosystem. Learn more here.
As Pi Network enters the Open Network period, pioneers, developers, and enterprises are invited to actively collaborate, driving innovation and ensuring that Pi Network remains a sustainable, distributed, and robust community.
