On February 20, 2025, at 8:00 AM (UTC), the Pi Network officially commenced its long-awaited transition to the Open Network. This transition marks a new era, enabling the Pi Network to connect with external blockchains and real-world applications.

What is the Pi Network?

The Pi Network is known as a platform that allows users to easily mine cryptocurrency on their smartphones. Its key characteristic is the adoption of environmentally friendly mobile mining, unlike traditional high-energy consumption mining.

An Unconventional Approach

The Pi Network employs a mechanism where 65% of tokens are distributed to the community as mining rewards. This approach ensures that the project’s profits are returned to the entire user base, rather than a small number of investors.

Ensuring Trustworthiness through KYC and KYB

KYC (Know Your Customer) and KYB (Know Your Business) ensure transparency between users and businesses, significantly reducing the risk of fraud and scams. This process plays a crucial role in enhancing trustworthiness throughout the ecosystem.

Transition to Open Network and Its Impact

With the transition to the Open Network, Pi tokens have become available on other blockchains and some exchanges. However, they have not yet been listed on major exchanges. This new phase is also expected to foster the development of decentralized applications (dApps) and expand real-world use cases.

Criticism and Response

Some have pointed out a lack of transparency and excessive app permission requests. However, the diverse user base is precisely the strength of the Pi Network. This enables large-scale adoption and accessibility.

Vision for the Future

The Pi Network holds a vision of paving the way for an “inclusive, sustainable, and utility-focused” future. It aims to succeed as a community-driven, transparent, and genuinely useful cryptocurrency.

Next Steps

• Promoting dApp development
• Addressing users who have not completed KYC
• Improving utility across the entire ecosystem

In this way, the Pi Network is forging a new era with an approach that sets it apart from traditional cryptocurrencies.

“Pi will always be different. That is our strength.” — Chengdiao Fan (Founder)

Let’s continue to watch how the Pi Network evolves in the future.