The long-anticipated transition of Pi Network to the Open Network phase is finally happening next week, marking a major milestone for the cryptocurrency project.
According to an announcement from Pi Core Team on February 12, the Mainnet will officially move to the Open Network phase at 8:00 UTC (15:00 Hanoi time) on February 20.
“Thanks to six years of dedication and effort from the Pi community, we are now taking a major step toward our vision of creating the most extensive peer-to-peer ecosystem and online experience in the world,” the development team stated.
A Breakthrough for Pi Network
Pi Network has reported significant progress, surpassing its initial target of 10 million Mainnet migrations, with a current total of 10.14 million completed migrations. Additionally, over 19 million users have successfully verified their identity (KYC), reinforcing the project’s legitimacy and reach.
The transition to the Open Network is expected to bring a fundamental shift by enabling external connectivity to the Pi Layer 1 blockchain. This advancement allows Pi to interact with third-party systems, expanding possibilities for both businesses and individual users. With this move, Pi users will be able to conduct transactions beyond the Pi ecosystem, increasing the cryptocurrency’s utility and real-world applications.
Mixed Reactions from the Community
Following the announcement, Pi Network supporters expressed enthusiasm about the long-awaited development. “Years of daily roll calls have finally paid off. It’s time to reap the rewards,” shared by a Pi Network user, on Facebook.
However, concerns about potential volatility have also emerged. Some community members fear that a massive sell-off could occur once Pi becomes tradeable on external platforms.
Pi Network’s Controversial Journey
Launched in 2019, Pi Network gained popularity by offering users a way to mine free Pi coins simply by logging into its mobile app daily. Despite its growing user base, the project has faced criticism for its prolonged “closed mainnet” phase, which restricted trading to internal exchanges and prevented conversions to other cryptocurrencies on centralized platforms.
As the Open Network launch approaches, all eyes are on Pi Network to see how the cryptocurrency will perform in an open market—and whether it can sustain its momentum beyond this pivotal transition.