The Pi Network will officially go through the Mainnet Open Network phase at 8:00AM UTC on February 20, 2025.
The move to the Open Network phase of Mainnet has been a collaborative effort of many Pi members and the outcome of the last six years of progress. The Pi community is excited about earning the credit for the Pi vision which is to become the world’s most inclusive peer-to-peer ecosystem and online experience based on Pi, the native Pi Network token We have overcome the 10.14 target set during the Mainnet migration, with the additional updates mentioned in the last timeline released, and Pi is ready with its utilities-driven ecosystem where our more than 19 million passed KYC Pioneers can use Pi—the real-world cryptocurrency that is supported by real functions and applications. Keep an eye on the website for information about Open Network on the day of the launch!
Go to pi network website blog now,
https://minepi.com/blog/open-network-launch-date
For now, here’s a summary of the Pi Network journey, the Open Network launch, relevant updates on Open Network status, and some preparation things for you to get set now! Our Journey Here Over the past six years, our path to the Open Network for Pi has been traversed with Pioneers and pivotal phases as we progressed. The last period of the Mainnet Phase 3, called the Enclosed Network, commenced in December 2021, which was when Mainnet was alive but had a firewall that blocked any incoming connections.
This phase in turn has contributed to the successful launch of the Open Network as it has given the Pioneers time to: Complete KYC implementation and obtain the Pi on Mainnet; Developers can create practical positively impacting apps for the Pi system; and The Pi Core Team can introduce and make a variety of Pi-related improvements and applications a reality. As the Enclosed Network began, a new mining rewards issue formula was released in March 2022, following a decreasing exponential model that maintains a balance between the need of the network for growth, accessibility, lifetime, and scarcity and thus it adjusts the Pioneers’ rewards for contribution to the network.
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The open date of the Grace Period was on the 1st of July 2024, which pushed the network towards Open Network thus, struck a balance between giving Pioneers time to go through KYC and Mainnet before they can get Pi on Mainnet and so doing positive incentive and urgency for people to pass KYC and migrate to Open Network. Because of the absence of a verification strategy that allows unverified Pi to obtain Pi on Mainnet after the 6 months KYC period has been passed, which has to be verified and approved by complex algorithms, Pi can be mined by other Pioneers. Even so, the owners of the Pi on Mainnet were able to transfer the Pi with each other. For instance, Pi-Fest 2024 housed a transaction event for about a week, which let the trade of Pi for goods and services between Pi merchants and PiONEER customers take place on a local level.
The event was able to attract over 27,000 active sellers and 28,000 test merchants from 160 different countries, and with over 950,000 pioneer participants the event took only a few days. . Pi-Fest served as a demonstration of Pi’s entire ecosystem for local commerce integration and employed Map of Pi for store discovery, Pi Wallet for payment, transactions on Pi Mainnet blockchain, and Fireside Forum for social sharing—all these happened in an effortless and smooth way across already existing Pi applications What to Expect from Open Network at Launch The Open Network will be generated by the Pi blockchain from the layer-1 and will revolutionize the Pi ecosystem by introducing external connectivity, which is a major difference. Connecting Pi With the Outside World The establishment of Open Network on the Mainnet blockchain will create networks that are interoperating with compliant ones, which will allow Pi to communicate with external systems. This will give Pioneers a chance to trade on other platforms not in the Pi ecosystem, deleting the access list to exchange Pi through which the currency will be able to rebuff. One of the features of the Mainnet launch will be the removal of the firewall that allows outsiders to join the Mainnet blockchain. People will be free to connect to the Mainnet. The Core Team will ask Pioneers to switch from the desktop node UI from the Testnet to Mainnet, and the Pioneers with the best track records and the most reliability scores will get the nod. Node ranking data will be available as soon as it is feasible to do so.
Business Compliance Requirements for Network Participation To ensure a protected and legally compliant environment, in the Mainnet blockchain system, KYC(Know Your Customer) verification will be required for individuals, and KYB (Know Your Business) verification will be mandated for businesses. Essentially, Pi will mainly be a safe Web3 place where Pioneers will be connected to the Pi they own along with KYB’d businesses and partners interfacing with real KYC’d Pioneers, and vice versa. Businesses can request the KYB verification through the upcoming webpage. Open Network’s start will show Pioneers the KYB-verified businesses available on the Pi website. Update on Open Network Conditions The Open Network was set to the date based on the Open Network Conditions and the announcement was made to the whole community in December 2023. One of the remarkable updates that the Pi Network has made as it has advanced from the second half of July 2024 to the end of March 2025, and continually has been through is the fulfillment and acceleration of the Open Network conditions by the community. The network has now fulfilled all the conditions needed for Open Network and hence it’s Open Network time! Let’s go through the conditions inside each item together. Condition 1: The tech, product, business, and legal parts of work necessary for Open Network have come to an end. Condition 2: 19 million users complete the KYC process in the Pi Network system of verification, which is a combination of both fully and tentatively known as was defendant in the requirements.
This number exceeds the initial demand of 15 million. 10.14 million users have managed to move over to the Mainnet, an impressive achievement being that the original target was at 10 million. We have qualified over 100 Mainnet apps or Mainnet-ready apps, which reaches the goal of 100 apps that are provided in the document to offer a vibrant, engaged and diverse utility that Pi Network can use in the Open Network at the launch time. Condition 3: No external contributors or any other unfavorable state will be a cause of any delay of the Open Network launch. Pioneers who are not already KYC’d and migrating to Mainnet should continue to do so before or after the Open Network is launched. Also, they should interact with Pi apps in the Pi Browser to strengthen the ecosystem and its utility. Community developers, on the other hand, are also called to develop, refine and launch apps that meet Pi Network’s standards and support community and its utility.
What Pioneers and Developers Should Do During the Open Network Period Pioneers and community developers need to bring everything they have to the table as the network faces new obstacles. The following are the ways in which Pioneers can be a positive force: Mining and contributions: Keep mining and changing the adjustment rate so that it matches the declining exponential issuance model and helps to stay within the monthly limits. Utility building: Support Pi Apps with your use of the platform and Pi, and expand the ecosystem’s utility throughout your community process. Developers are called to enhance this reality by creating the solutions that the people need and want, as well as solving the problems facing the Pi community and beyond.
Local commerce integration: The shop owners are invited to get involved in this transactional business so that Pioneers enjoy fast peer-to-peer transactions of goods and services. The essence of this is the more frequent usage of Pi in the everyday life of Pioneers.
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