Pi Network News: Know all about Pi Network Mainnet

Pi Network, a blockchain-based platform enabling users to mine cryptocurrency via mobile devices, has officially announced the launch of its Open Network mainnet on February 20, 2025, at 8:00 AM UTC. This milestone follows six years of development and aims to expand the network’s accessibility and real-world applications.

The transition to the Open Network phase will lift previous restrictions, allowing Pi Network’s blockchain to connect with external networks. This change enables users, known as Pioneers, to transact beyond the Pi ecosystem, facilitating real-world use cases and integration with external platforms.

Pi Network News

In anticipation of the mainnet launch, the value of Pi Network’s native token, PI, experienced significant growth. The price surged from $50 to over $90 within hours of the announcement, settling at approximately $80.91. This increase is partly attributed to OKX’s confirmation that it will list PI for spot trading, enhancing the token’s legitimacy among investors.

Despite the positive momentum, some major exchanges have expressed reservations. Bybit’s CEO, Ben Zhou, declined requests to list Pi Network, citing concerns over potential controversy and past experiences with investors. In contrast, OKX has embraced the upcoming Open Network launch, indicating a divided stance among exchanges regarding PI’s listing.

As the February 20 launch date approaches, Pi Network continues to prepare for its Open Network phase, aiming to provide users with broader opportunities to utilize PI in various applications and transactions beyond its existing ecosystem.

Pi Network Sets Open Mainnet Launch for February 20, 2025

After years of anticipation, Pi Network has officially announced that its Open Network mainnet will launch on February 20, 2025, at 8:00 AM UTC. This marks a significant milestone in the development of the blockchain-based project, which has been in its enclosed mainnet phase since December 2021.

The Open Network launch will remove restrictions that have so far limited Pi transactions to within its own ecosystem. With this change, users—known as Pioneers—will be able to send and receive Pi (PI) tokens beyond the platform, opening doors to external exchanges, businesses, and decentralized applications (dApps).

Pi Network Vision

Pi Network started in 2019 with a unique vision: to enable anyone to mine cryptocurrency using their smartphones without consuming excessive battery or computing power. The project has since grown into a global community of over 47 million engaged users.

For years, Pi holders have been unable to trade their tokens freely due to the enclosed mainnet phase, which required users to complete Know Your Customer (KYC) verification before transferring tokens. The Open Network launch will not only remove these barriers but also integrate Pi into the broader crypto market, making it tradeable on external exchanges.

Pi Network Exchange Listings

Following the announcement of the Open Network launch date, Pi’s estimated price surged from $50 to over $90, before stabilizing around $80.91. This sharp increase highlights growing market confidence in Pi’s transition.

OKX, a major crypto exchange, has confirmed that it will list Pi for spot trading, making it one of the first mainstream platforms to support the token. However, Bybit has refused to list Pi, with CEO Ben Zhou citing concerns about potential controversy and regulatory uncertainty. Other exchanges are reportedly evaluating whether to add Pi to their platforms after the Open Network launch.

Challenges and Road Ahead

Despite the excitement, Pi Network still faces key challenges:

1. KYC and Migration Delays – A significant number of Pioneers have yet to complete their KYC process, preventing them from transferring their Pi to the open mainnet.
2. Regulatory Uncertainty – The decentralized nature of Pi Network raises questions about compliance with global financial regulations.
3. Adoption and Real-World Use Cases – While some businesses already accept Pi as a payment method, mass adoption is still in its early stages.

Pi Network’s founders, Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, remain optimistic about the project’s future, emphasizing that the Open Network will unlock new opportunities for businesses and developers to build on Pi’s blockchain.

Conclusion

The Open Network launch on February 20, 2025, will be a defining moment for Pi Network. After years of restricted transactions, Pioneers will finally be able to trade Pi on external platforms, use it in real-world applications, and integrate with the broader blockchain ecosystem.

As the countdown to launch continues, all eyes are on Pi Network to see if it can live up to its promise of making cryptocurrency accessible to everyone.