To the Pi Network community and everyone interested in Pi Network. In this article, we will provide a detailed explanation of the Pi Core Team’s vision for the future of Pi Network, particularly the roadmap and strategy towards 2025, incorporating the latest information. Previous information included personal opinions, some of which were realized and some were not. Let’s take a look together at the current characteristics of Pi Network and the direction the Pi Core Team is heading.

Decentralization of the Pi Blockchain and Nodes

Regarding the blockchain that forms the foundation of Pi Network, the Pi Core Team has a significant vision. That is, to enable individuals to operate Pi nodes on their personal computers (PCs). This aims to enhance the decentralization and stability of the network.

Node contribution types are mainly divided into two:

• Community Nodes: General users participate in the network by providing their PC resources.
• Super Nodes: Possess higher processing power and handle the core validation tasks of the network.

Currently, the operation of Super Nodes is managed by the Pi Core Team. According to some information, there are still restrictions on connecting to the blockchain, and it does not seem to be fully open access. This means that even after the transition to the “Open Network,” a certain level of management by the Pi Core Team may continue in the initial stages.

Transition to Open Network: February 20, 2025

As a significant milestone for Pi Network, the transition to the Open Network period at 8:00 AM UTC on February 20, 2025 has been officially announced. This will enable external connections to the Pi ecosystem and pave the way for Pi tokens to be listed on centralized exchanges (CEX) and decentralized exchanges (DEX).

This will allow businesses and developers to easily acquire Pi tokens and utilize them for various purposes, especially for providing services and developing features within the ecosystem. Pi Network has achieved the goals set as conditions for the Open Network transition (15 million KYC’d users, 10 million Mainnet migrations, 100 Mainnet apps), and currently has over 19 million KYC’d users and 10.14 million Mainnet migrants.

Pi Ads Feature: A New Revenue Model Connecting Developers and Advertisers

The Pi Ads feature, announced by Pi Network over a year ago, has finally entered the full-scale integration phase with dApps (decentralized applications). This will be a crucial monetization mechanism within the Pi ecosystem.

For example, dApp developers like the travel app “Pi2Go” can use the Pi Ads SDK (Software Development Kit) to display advertisements within their apps. By viewing these advertisements, users enable developers to receive Pi tokens as rewards. This is a mechanism that creates circulation within the Pi ecosystem, unlike dollar-denominated rewards in traditional website advertising.

For advertisers, there is also the benefit of being able to reach Pi Network’s massive user base. Compared to traditional advertising platforms, there is a possibility of potentially conducting effective advertising campaigns at a lower cost. While the specific cost structure is expected to become clear in the future, the ability to use Pi tokens directly as advertising costs will promote the circulation of Pi within the ecosystem. However, it seems that a platform where anyone can freely place ads is not yet publicly available.

Pi Network: Towards a Giant Web3 Social Network

Pi Network is not just a cryptocurrency project; it also has the aspect of being a giant Web3 social network. Currently, active users (Pioneers) exceed 60 million, and over 19 million of them have completed KYC (Know Your Customer).

The KYC process has been improved to be completed more quickly and at a relatively low cost (estimated at about 5 minutes and around $20, but this may vary) through a partnership with Banxa. As the number of KYC’d users increases and more wallets become active in the future, it is expected that transactions within the network will increase, and the liquidity of Pi will improve. From the perspective of Cryptonomics, improved liquidity could lead to the stabilization or increase in the value of Pi tokens.

Collaboration with DePIN Trend: Utilizing Surplus Resources

There is a recently highlighted trend called DePIN (Decentralized Physical Infrastructure Networks). This is a mechanism where individuals share their unused computing resources (network bandwidth, disk storage capacity, CPU processing power, etc.) and utilize them across the entire network. The operation of Pi Network nodes aligns perfectly with this DePIN concept.

By operating nodes, users enable Pi Network to build a global decentralized computing platform. This could potentially serve as a foundation for AI training and more advanced decentralized applications. By riding the wave of DePIN, Pi Network can be said to be enhancing its technological value.

Challenge to Price Stability and Ecosystem Building

For many businesses, there is hesitation in accepting highly volatile cryptocurrencies as a means of payment. The current price of Pi tokens will likely continue to be significantly influenced by supply and demand on exchanges and remain volatile until the ecosystem is fully mature.

The Pi Core Team aims to stabilize the value of Pi through the following strategies to address this challenge:

• Improving Utility: Providing an advertising platform through Pi Ads to incentivize businesses to use Pi.
• Revitalizing the In-Ecosystem Economy: Encouraging users to utilize Pi within the Pi ecosystem services (dApps) rather than selling it on exchanges.
• Strengthening Payment Systems: In the future, the possibility of introducing stablecoins pegged to Pi or intermediary systems to curb price fluctuations is being considered.

It is important to note that “Pi is the currency within the Pi ecosystem and is not a substitute for fiat currency.” Pi’s primary purpose is to be used in the dApps market built on the Pi Network.

External Collaboration and Future Outlook: Key to Liquidity Improvement

Pi Network is also considering collaboration with external services and technical feature enhancements to improve the convenience and liquidity of the ecosystem.

• Possibility of Issuing Crypto Cards: Potential for issuing physical or virtual debit cards (like Visa) that can use Pi, in collaboration with platforms like Zebec Protocol (ZPTO). However, this heavily depends on the legal regulations of each country (e.g., Vietnam plans to establish a legal framework for cryptocurrencies in 2025).
• Improving Interoperability: In the future, there is a possibility of upgrading the protocol to implement bridge functions or swap functions that allow assets to be exchanged with other blockchains, similar to the Stellar network. This would allow users to exchange other cryptocurrencies like USDC directly for Pi without going through an exchange, potentially leading to a significant increase in liquidity. In particular, large investors (whales) seeking anonymity might find it easier to enter the Pi market.

A Realistic Perspective on Price

The strategies and technological developments of the Pi Core Team discussed so far are primarily aimed at the stabilization and sustainable growth of the value of Pi tokens. This does not mean that Pi will immediately achieve rapid price increases of hundreds or thousands of dollars.

Such a dramatic price increase, if it were to occur, would require very significant external factors, such as adoption by government agencies or parallel use with fiat currency, as expected with Ripple (XRP) or Stellar (XLM), or the stage where the Pi ecosystem is fully mature, has moved beyond the testnet phase, and provides a seamless user experience.

Conclusion: Expectations for the Future of Pi Network and How to Participate

The Pi Core Team has a clear vision for 2025: to evolve Pi Network from just a cryptocurrency project into a Web3 social network with an advertising platform, a DePIN foundation, and a vibrant dApps ecosystem. The transition to the Open Network is a major step towards this.

The strategy focused on price stabilization and liquidity improvement aims for the long-term growth of the project. While we have expectations for the future of Pi, we must understand that its value depends on the development and utility of the ecosystem.

This article does not recommend purchasing Pi. Participation in Pi Network can still be done through free mining from the smartphone app or operating a node on a PC. Let’s keep an eye on the future development of Pi Network.