On February 20, 2025, the Pi open network will debut. About six million people have used the coin by this point. The so-called pioneers would exclaim, “At last!”
Early today, February 12, in the morning (Nigerian time), the debut was announced on its X (Twitter) account.
As stated by @PiCoreTeam, “On February 20, 2025, Pioneers, Open Network will debut at 8am UTC!
“With a robust utilities-driven ecosystem and millions of KYC-verified Pioneers, Open Network broadens the scope of opportunities, enabling Pioneers to integrate Pi with external systems for use in real-world applications like never before.
“We would want to express our gratitude to the entire community for the six years of hard work and dedication that have brought us to this point! Go to the Pi mining app to read the official Open Network announcement for more details!”
One of the repercussions of this revelation is a nearly 70% rise in the price of Pi (IOU, since it had not been introduced) on Coinmarketcap.
The Pi Core Team also highlighted what to expect at open network debut.
What to expect from open network upon launch:
In the pi app, which is linked to the Pi browser, theu wrote: “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 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 information will be released as soon as feasible.”
KYC (Know Your Customer) and KYB (Know Your Business) verification will be necessary for Pioneers and businesses to participate in Mainnet blockchain activities in order to preserve a secure and compliant ecosystem.
The overall goal of Pi is to create a secure Web3 environment where Pioneers can connect externally with the Pi they own—KYB-ed companies and partners can interact with actual KYC-ed Pioneers, and vice versa.
“The website will soon allow businesses to apply for KYB verification. Pioneers will be able to view a list of KYB-verified companies on the Pi website following the launch of Open Network.
During the open network era, developers and pioneers should accomplish the following:
The network’s durability and robustness depend on the contributions of Pioneers and community developers as new issues arise during the Open Network era.
Pioneers can take the following proactive steps:
Mining and input: Continue mining, with rate modifications in line with the falling exponential issuance model and monthly restrictions.
Utility building: Engage with Pi Apps, support Pi Network and Pi through your usage of the platform and Pi, and assist to grow the ecosystem’s utility. Developers are encouraged to refine existing, and create new, solutions that answer the true requirements of the Pi community and beyond.
Pi continues to be useful in Pioneers’ daily lives as a result of store owners being urged to embrace it. This enables Pioneers to engage in peer-to-peer exchanges for products and services.
Migration and KYC: Following Open Network’s launch, the network shall carry on with the migration and KYC procedures.
During the Open Network time, please do so as soon as possible if you haven’t already.
Regarding developers:
Enhance your apps on the mainnet: In order to satisfy customer demands and desires and to resolve any problems that may come after Mainnet, make sure you improve your apps.
Create fresh mainnet applications: To support the Pi Ecosystem, create Pi apps. Read more about it here.
As Pi Network moves into the Open Network phase, companies, developers, and pioneers are encouraged to work together to spur innovation and make sure Pi Network continues to be a strong, dispersed, and sustainable community.
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