The 2025 Pi Network Open Mainnet Launch

After six (6) years of development, Pi Network is set to launch its Open Network (Pi Network Open Mainnet) on February 20, 2025, at 8:00 AM UTC according to an announcement made by the Pi Core Team.

Pioneers, Open Network will launch at 8am UTC on February 20, 2025! With millions of KYC-verified Pioneers and a thriving utilities-driven ecosystem, Open Network expands available opportunities, which allows Pioneers to connect Pi with external systems for use in real-world… pic.twitter.com/AdpXNhpcUD

— Pi Network (@PiCoreTeam) February 11, 2025

This transition marks a significant milestone for the project, moving from an Enclosed Mainnet (closed ecosystem) to Open Mainnet (one with external connectivity), this next phase of the project would be paving the way for broader adoption and real-world utility of the Pi cryptocurrency (Pi Coin)

What is Pi Network?

Pi Network aims to establish Pi coin as a global currency for everyday transactions, with the ultimate goal of fulfilling the original intentions of Bitcoin. It operates as a Layer 1 blockchain, emphasizing security, speed, and scalability to support various blockchain applications. With a user base of over 65 million engaged individuals across 200 countries, Pi Network has cultivated a substantial community eager to utilize the Pi Coin. Currentky, Over 18 million users have completed the Know Your Customer (KYC) process, and more than 10 million users are holding Pi coins in their wallets.

The Journey to Pi Network Open Mainnet

Pi Network’s journey to Open Mainnet has been a deliberate process, built on milestones and phases designed to prepare the ecosystem and community. The current Mainnet Phase 3 began in December 2021 with the launch of the Enclosed Network period. During this phase, the Mainnet was live but remained behind a firewall, preventing external connectivity. This Enclosed Network period served several crucial purposes:

• KYC and Migration: It allowed Pioneers to complete KYC verification and migrate their Pi balances to the Mainnet.
• App Development: It provided developers with the opportunity to build real applications and utilities for the Pi ecosystem.
• Feature Improvement: It enabled the Core Team to release and improve various Pi features and utilities.

In March 2022, a new mining rewards issuance formula was introduced, following a declining exponential model to balance network growth, accessibility, longevity, and scarcity. The Grace Period, enacted on July 1, 2024, accelerated progress towards Open Network by creating urgency for users to pass KYC and migrate, preventing unverified Pi beyond a 6-month KYC period from migrating to Mainnet. Despite the limitations of the Enclosed Network, Pioneers who had migrated to Mainnet were able to transact Pi with each other within the network. PiFest 2024, for example, facilitated transactions of Pi for goods and services between Pi merchants and Pioneer shoppers on a local level.

What to Expect at the Pi Network’s Open Mainnet Launch

The launch of the Open Network introduces a critical change: external connectivity. This allows the Layer 1 Pi blockchain to connect securely with external systems, expanding opportunities for Pioneers and businesses.

• External Connectivity: The transition to Open Network enables the Mainnet blockchain to interface with other compliant networks and systems. This means Pioneers can engage in transactions beyond the Pi ecosystem, increasing Pi’s utility and reach.
• Node Expansion: With the firewall removed, anyone can technically add nodes to the Mainnet blockchain by 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 scores1. Node rank data will be made public as soon as possible.
• Business Compliance: To maintain a safe and compliant ecosystem, participation in Mainnet blockchain activities will require KYC verification for Pioneers and KYB (Know Your Business) verification for businesses. Pi aims to be a secure Web3 space where Pioneers can have external connections, with KYB-verified businesses interacting with real, KYC-verified Pioneers and vice versa.

Conditions for Open Network Launch

The Open Network launch date was chosen based on conditions set and shared with the community in December 2023. Pi Network has made significant progress in fulfilling these conditions:

• Completion of Necessary Work: All technical, product, business, and legal work required to reach Open Network has been completed.
• KYC Verification and Migration: Over 19 million Pioneers have verified their identity through the Pi KYC solution, exceeding the original requirement of 15 million. More than 10.14 million Pioneers have migrated to the Mainnet, surpassing the initial goal of 10 million.
• Ecosystem Development: The network has reached over 100 Mainnet or Mainnet-ready apps, meeting the goal of offering diverse utility for Pi Network to thrive in Open Network at launch.
• No Further Delays: There will be no further delays to the Open Network launch due to external factors or an unfavorable environment.

Preparing for Open Network

Pioneers are encouraged to continue to KYC and migrate to Mainnet if they have not already done so. Engaging with Pi apps in the Pi Browser supports ecosystem development and long-term utility. Community developers are encouraged to develop, refine, and launch applications that meet Pi Network’s standards and contribute to the community and its utility.

Impact of Open Mainnet

The launch of Open Network is expected to have a significant impact on the Pi Network ecosystem:

• Increased Utility: External connectivity will allow Pi to be used in a wider range of applications, including payments, decentralized applications, and smart contracts.
• Ecosystem Growth: The Open Network phase focuses on developing the Pi ecosystem by welcoming developers and businesses to participate actively.
• Community Expansion: The active community and the growing number of Mainnet-ready applications position Pi Network to transform cryptocurrency usage.

Conclusion

The Pi Network’s Open Mainnet launch on February 20, 2025, is a pivotal moment for the project. The transition to an open ecosystem, coupled with a large and engaged community, positions Pi Network for growth and innovation in the cryptocurrency space. While challenges remain, the launch of Open Mainnet represents a significant step towards realizing Pi Network’s vision of creating a global, accessible, and user-friendly cryptocurrency.

Frequently Asked Questions on Pi Network mainnet Lauch

• KYC Requirements: New users need to actively mine for at least 30 days to be eligible for KYC. Users must prepare official identity documents such as a national ID card or passport.

• Migration Status: As of January 7, 2024, 9 million accounts had been migrated. The Pi Core Team controls migration, and the process for future migrations remains unclear.

• Unverified Pi: There is no set timeline for processing unverified Pi from referrals who have passed KYC.

• Trading Pi: Trading “IOU” versions of Pi is possible on some exchanges, but depositing or withdrawing is not permitted. It is advisable to wait for the Open Mainnet due to the high risk of scams.

• KYC Slot Issues: If you cannot access a KYC slot, it may be because you have not completed 30 mining sessions or your account may be flagged.

• Application Review Time: If your application has been under review for weeks or months, it has likely failed or is stalled.