On February 20, 2025 at 8:00 am UTC, the Pi Network will officially transition to the Open Network era of the mainnet. After six years of hard work, Pi Network is revolutionizing the cryptocurrency market with its peer to peer ecosystem and online community driven utility ecosystem.
In this article, we've summarized the major changes that will come with PiCoin's listing and transition to an open network and the key information you need to know to prepare.
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The Pie Network's Journey
The Pie Network has been growing over the past six years through the efforts of pioneers, developers, and the community.
* 2019 : Launch of the PaiCoin project
* December 2021: Start of the Closed Network phase of the mainnet
* July 1, 2024: A grace period to prepare for the open network was enacted
* February 20, 2025: Transition to Open Network phase.
The Closed Network phase was a critical time to lay the technical foundations and allow the community to focus on KYC verification and ecosystem development. We completed 10.14 million mainnet migrations and 19 million+ KYC verifications to prepare for the Open Network transition.
What does the open network transition mean?
The transition to an open network means more than just opening up the network, it means a full fledged connection to the cryptocurrency ecosystem.
1. External connections are possible .
The transition to an open network allows the Layer 1 blockchain to be connected to external networks and systems. This will give Pycoin the potential for listing on global cryptocurrency exchanges and integration with various DApps.
2. Firewall Removal
The firewall will be removed, allowing anyone to add a mainnet node .
The core team will prioritize inviting node operators with high contribution and trust scores to join the mainnet.
3. KYC and KYB verification .
Know Your Customer (KYC): Required for individual pioneers to participate in mainnet activities.
KYB: Required for businesses to participate in the Pie Network ecosystem.
4. Expanded Transaction Possibilities
By connecting with external ecosystems, PYCOIN can gain more utility and global usability.
Major Achievements of Pycoin
1. Expanded Ecosystem
* Over 19 million KYC verified users: exceeding open network conditions.
* 100+ Mainnet Apps: Building a utility centric ecosystem.
* FiFest 2024 : 27,000+ merchants and 950,000+ pioneers from 160 countries participated, enabling substantial P2P transactions.
2. Strengthening the technical foundation .
* December Timeline Update : Completed technical, product, and legal work to fulfill open network conditions.
* Node improvements and rankings coming soon : Securing the foundation for stable and reliable network operations.
What to expect from the listing of Pycoin
1. Potential listing on global exchanges .
* With the transition to an open network, Pycoin has the potential to be listed on major cryptocurrency exchanges.
* After listing, the initial trading volume and market reaction will determine its value.
2. Integration with Web 3.0 Ecosystems
* The Pie Network will be positioned as a secure and compliant web3.0 space, expanding interactions between pioneers and enterprises.
3. Continuous KYC and Migration
* KYC and mainnet migrations will continue after the open network.
How to prepare for the open network?
Guide for Pioneers
1. Complete KYC: If you haven't already done so, please complete your KYC as soon as possible.
2. Join the Pi Ecosystem: Buy goods and services in the Pi app or enable local commerce.
3. Mine and contribute : Actively participate in remaining mining opportunities and contribute to the network.
Guide for Developers
1. Improve the Mainnet app: Update your app to reflect user feedback.
2. Develop new utilities : Develop creative and practical solutions to contribute to the Pi ecosystem.
The Future of PiCoin
On February 20, 2025 , the Pi Network will reach an important milestone in the cryptocurrency market. The Open Network Transition will play a key role in expanding the utility of Pycoin and strengthening its position in the cryptocurrency market.
With an inclusive ecosystem , tangible utility , and global scalability , we are poised to deliver differentiated value from existing cryptocurrencies. We look forward to welcoming pioneers, developers, and businesses alike to join us on this journey and drive the sustainable growth of the Pie Network.