On February 20, 2025, the Pi Network transitioned to the long-awaited Open Network. This historic moment is the culmination of six years of effort by over 60 million Pioneers worldwide. Pi is known for its unique approach that sets it apart from traditional cryptocurrency projects, and its unconventional stance has attracted significant attention. This article provides a detailed explanation of the features of the Pi Network, the significance of the Open Network, and future prospects.

Founder Chengdiao Fan posted a video on the official YouTube account, and we have featured its content in this article. (This video is currently displayed on the Pi app home screen)

What is the Pi Network? A Six-Year Journey

In the early days of cryptocurrency, when many projects raised funds through ICOs (Initial Coin Offerings), the Pi Network chose a different path. Pi adopted a system where anyone could participate for free, without any token sales. This resulted in 80% of Pi tokens being allocated to the community and its participants, achieving a widely distributed token distribution.

Furthermore, while many projects are released with just a white paper or smart contract, Pi spent six years building infrastructure and an ecosystem. It maintained a cautious stance, waiting for practical utility to be secured before transitioning to the Open Network. During this process, identity verification through KYC (Know Your Customer) and KYB (Know Your Business) was conducted, ensuring the legitimacy of millions of users and businesses.

What is Pi Network’s KYB Authentication? Key to Business Participation in the Open Mainnet

Pi asserts that “true decentralization is not inconsistent with reliability and legitimacy.”

Pi’s Strength in Attracting Mainstream Users

Some cryptocurrency critics have pointed out that “Pi’s users are too heavily skewed towards the mainstream.” However, this is precisely the Pi Network’s greatest strength. For cryptocurrency to become widely adopted, an environment where ordinary people can easily use the technology is necessary. By welcoming not only cryptocurrency enthusiasts but also mainstream audiences, Pi is tackling the challenges of mass adoption and real-world utility.

Looking back at history, for technology to survive long-term, it is essential to meet the needs of real people. By attracting a mainstream user base, Pi is expected to serve as a catalyst for the entire blockchain industry to pursue true utility.

Overturning Cryptocurrency Norms! The “Anyone Can Participate” Digital Economy Pi Network Aims For

The Start and Significance of the Open Network

With the launch of the Open Network, external connections to the Pi blockchain became possible, and the closed environment was lifted. This brings about the following benefits:

• Merchants: Easier sale of goods and services in local markets.
• Developers: Advance app development and support the completion of business models.
• Creators: Expand influence and gain new opportunities.
• General Pioneers: Strengthen transactions and connections between users.

Especially for new developers, Pi is an attractive platform. Developers who already have a business model can test and start selling their products on Pi. On the other hand, developers with excellent app experiences can leverage the existing monetization model provided by the Pi Ad Network. This opens up a path to earn revenue while securing traffic.

What is the Pi Ad Network?

The Pi Ad Network is a system where developers can integrate ads into their apps and earn revenue by utilizing the traffic provided by the platform. This brings utility to all Pioneers and increases the value of the entire network.

Detailed Explanation of Pi Ad Network: Pi Network Ecosystem’s New Advertising Platform Released

Future Prospects and Message to Pioneers

The Pi Network’s Open Network is a step towards demonstrating new possibilities for cryptocurrency. It is important to stay focused on what matters without being distracted by external noise. Pioneers are encouraged to continue exercising creativity and striving to make a difference in the real world.

Pi aims to show the world new possibilities in cryptocurrency and prove its value in the era of the Open Network. It will continue to walk alongside Pioneers to build a future where blockchain technology is truly rooted in society.