Pi Network's open network launch set for February 20

Pi Network (CRYPTO:PI) is scheduled to launch its Open Network on February 20, 2025, at 8:00 AM UTC.  

This transition marks the end of the Enclosed Mainnet phase and the beginning of a new era for the cryptocurrency.  

With over 19 million identity-verified users, known as Pioneers, and 10.14 million Mainnet migrations, Pi Network has exceeded its initial goals.  

The Open Network launch will remove the firewall that previously restricted external connectivity, enabling Pi to connect with other blockchain systems and be used in real-world applications.  

The network has over 100 Mainnet-ready applications.  

To ensure a secure environment, users and businesses participating in Mainnet activities must undergo KYC (Know Your Customer) and KYB (Know Your Business) verification.  

The Core Team plans to gradually transition Pioneers' nodes from Testnet to Mainnet, prioritising those with strong contributions and reliability.  

The launch of the Open Network fulfills the conditions set by the Pi Network team, including completing technical and legal preparations, surpassing KYC verification of 15 million users, and having at least 100 decentralised applications (dApps) ready for launch.  

"Pi is ready to open its utilities-driven ecosystem where our now over 19 million identity-verified Pioneers can use Pi—a cryptocurrency with real-world functions and applications backing it," according to the Pi Network team.  

Following the announcement, crypto exchange OKX confirmed it would list PI on the launch day.  

Some anticipate that the price of Pi Coin could surpass $100 after the official launch.

At the time of reporting, the Pi Network (PI) price was $85.92.