News
by BSCN
February 12, 2025
Pi Network has at last shared a date for its Open Network mainnet stage. With over 19 million identity-verified Pioneers, it has reportedly exceeded its original targets.
Pi Network has officially announced that its Open Network period of Mainnet will go live on February 20, 2025, at 8:00 AM UTC. This transition marks a major milestone in Pi’s six-year journey, allowing its native token, Pi, to connect with external blockchain systems and expand its utility beyond its enclosed ecosystem. Community members have been historically skeptical about the project's ability and willingness to achieve this milestone. Today, however, it appears their questions may have been answered.
According to the team, the network saw over 19 million identity-verified users and 10.14 million Mainnet migrations, surpassing its initial targets. The Open Network phase will now enable broader adoption, increased developer activity, and more real-world use cases for Pi.
Pi Network’s journey has been structured into key phases:
Enclosed Network (since December 2021): Mainnet was live but restricted from external networks. This allowed users to complete KYC, migrate their Pi, and developers to build applications.
Grace Period (since July 1, 2024): This phase accelerated KYC processing and incentivized users to finalize their Mainnet migration. Any unverified Pi beyond six months was restricted from being obtained on Mainnet, freeing up mining availability for new users.
Open Network (February 20, 2025): External blockchain connectivity will be enabled, unlocking global transactions and new integrations for businesses and developers.
The community-driven model has helped Pi Network grow into one of the largest peer-to-peer ecosystems, offering a decentralized experience fueled by its cryptocurrency.
The transition to Open Network will reportedly bring key improvements:
For the first time, Pi will be able to connect with external networks, allowing transactions beyond its existing ecosystem. Businesses and developers can build decentralized applications (dApps) with wider blockchain interoperability.
Previously, network nodes operated in a closed environment. Per reports, with Open Network, anyone can technically run a Pi node on Mainnet. Pi’s Core Team will prioritize trusted Pioneers based on historical contributions and node reliability scores.
To ensure a secure and compliant ecosystem, businesses joining Pi’s Open Network will require KYB (Know Your Business) verification, while individual users must complete KYC (Know Your Customer) verification. A directory of verified businesses will be available on Pi’s website.
Pi Network currently has over 100 Mainnet-ready applications. Developers will be encouraged to build and refine apps that enhance Pi’s utility. The network will also support local commerce integration, enabling Pi payments for goods and services.
While the Open Network announcement is a positive step, some Pioneers remain skeptical due to past delays. Pi Network’s Grace Period was extended three times, leading some to question whether the February 2025 deadline will hold.
The project had previously hinted at a 2022 Open Network launch, followed by a 2024 target that wasn’t met. Now, with all required conditions reportedly met—including technical readiness, KYC thresholds, and app ecosystem expansion—Pi Network says there will be no further delays.
With reported millions of verified users, a growing ecosystem of applications, and planned business integrations, Pi Network is setting the stage for broader blockchain engagement—but all eyes are on whether it can finally meet its long-awaited launch deadline.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
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