「Open Network」タグアーカイブ

Pi Network: Open Network Launch on February 20, 2025, and Its Impact

On February 20, 2025, the Pi Network will officially launch its long-awaited open network. This transition to a new phase is expected to significantly expand the practical use of Pi coins by allowing the previously restricted ecosystem to connect with external platforms.

Overview of the Open Network

The Pi Network was founded in 2019 by Stanford University graduates and has gained attention as a platform that allows easy cryptocurrency mining on smartphones. Until now, it has operated in a phase called the “Enclosed Mainnet,” with limited external connections. However, the transition to the open network opens the way for Pi coins to integrate with other blockchains and real-world applications.

Key Changes

Global Connectivity: Pi coins will be tradable with other blockchain networks, moving beyond the closed ecosystem.
Increased Adoption: With the participation of businesses and developers, the scope of Pi coin usage is expected to expand rapidly.
Security and Compliance: All transactions will require KYC (Know Your Customer) and KYB (Know Your Business).

Warning to Users

The Pi Network team strongly warns users to use only official tools. In particular, using the official wallet within the Pi Browser is recommended. This is to protect assets from scams and phishing attacks. Users are also advised not to share passwords or personal information with third parties.

Popularity and Challenges in the Japanese Market

The Pi Network is very popular in the Asian market, especially in Japan. Many users in Japan have completed KYC, and interest in the project is high. However, some concerns have been raised regarding centralization risks and delays in project progress.

KYC and Security

The KYC process is important for ensuring a secure trading environment, but the procedure can sometimes take time. In particular, issues such as a shortage of KYC slots have been pointed out in some regions, such as China.

Listing on OKX and Its Impact

Starting February 20, 2025, Pi coin trading will begin on the cryptocurrency exchange OKX. This listing provides users with new trading opportunities, but there are also concerns about security and compliance. Especially for beginner users, thorough information gathering and risk assessment are required before trading.

Summary

The launch of the Pi Network’s open network has the potential to significantly impact the entire cryptocurrency industry. However, to ensure safety and transparency, it is important to use official information sources and act cautiously. Let’s continue to pay attention to the progress of this project.

*This article is not investment advice. Please conduct your own thorough research before making any decisions.

Pi Network’s Open Network Launches: A New Era of Cryptocurrency

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2025年2月20日、Piネットワークはついにオープンネットワークに移行し、完全に分散化されたブロックチェーンとして新たな段階に入りました。この重要なマイルストーンは、Piコインが閉鎖的なエコシステムから外部接続可能な環境へと進化することを意味します。本記事では、Piネットワークの旅路、その意義、そしてオープンネットワークがもたらす期待について詳しく解説します。

What is the Pi Network?

The Pi Network is a cryptocurrency project developed by researchers at Stanford University, aiming to enable easy mining via mobile devices. Without requiring traditional energy-intensive hardware, users called “Pioneers” can earn Pi coins using a lightweight mobile app.

Since the app was released on March 14, 2019 (Pi Day), the Pi Network has gained tens of millions of users worldwide and has built a robust ecosystem by leveraging the power of its community. Currently, over 10 million people have completed KYC verification, and over 100 Mainnet-compatible apps are available.

Transition to the Open Network

The transition to the Open Network is a major turning point for the Pi Network. In this new phase, secure connections with external systems are possible, allowing Pioneers and businesses to utilize Pi coins more broadly.

External Connectivity: The Open Network allows the Mainnet blockchain to connect with other compliant networks and systems.
KYC and KYB Verification: To maintain a secure and compliant ecosystem, users and businesses must complete KYC and KYB verification, respectively.

Expected Impact

With the launch of the Open Network, the following changes are expected:

Exchange Trading: Listing on major exchanges like Bitget and OKX will allow for the understanding of Pi coin’s liquidity and value.
Real-World Use: Pi coins can be used for various purposes, such as purchasing goods and services or exchanging with other cryptocurrencies.

Journey So Far

The Pi Network has grown through carefully designed phases. In December 2021, Mainnet Phase 3 (Closed Network) was launched, during which the following were achieved:

KYC completion and migration to Mainnet by Pioneers
Development of practical apps and utilities by developers
Introduction of a new mining reward model

In July 2024, a “Grace Period” was introduced, providing time and incentives for many users to migrate to Mainnet. This strategy ensured the exclusion of unverified Pi coins and secured mining opportunities for new Pioneers.

Conclusion

The Pi Network’s transition to the Open Network is a groundbreaking event for the entire cryptocurrency industry. This advancement is expected not only to provide new opportunities for Pioneers and businesses but also to significantly enhance the value and utility of the Pi coin itself. It is a project that will continue to be worth watching.

Pi Network has taken a step into a new era!

Pi Network Price Prediction: Potential Based on Market Cap and Circulating Supply

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Pi Network, which is attracting attention in the cryptocurrency market, has announced that it will transition to the “Open Network” phase on February 20, 2025. This transition is expected to make Pi Coin widely available as a cryptocurrency with real-world use cases. This article analyzes Pi Network’s price prediction based on Market Cap and Circulating Supply, and compares it with other major cryptocurrencies such as Ethereum and XRP.

What is Pi Network?

Pi Network is a cryptocurrency project characterized by easy mining on smartphones. It started in 2019 and is scheduled to transition to the “Open Network” phase on February 20, 2025, after more than 6 years of development. This transition will enable connection with external systems, and trading on exchanges and utilization in the real world are expected.

Price Calculation Based on Market Cap and Circulating Supply

Market Cap and Circulating Supply are important indicators for predicting the price of Pi Coin. Market Cap is calculated as “Current Price × Circulating Supply” and indicates the total value of the cryptocurrency.

In the case of Ethereum

In the case of Ethereum (ETH), the market cap is approximately $324 billion, and the circulating supply is approximately 120.54 million ETH. In this case, the price per 1 ETH is calculated as follows:

324 billion dollars ÷ 120.54 million ETH = approximately $2687

In the case of XRP

For XRP, the market cap is approximately $119.8 billion, and the circulating supply is approximately 5.725 billion XRP. In this case, the price per 1 XRP is as follows:

119.8 billion dollars ÷ 5.725 billion XRP = approximately $2.09

In the case of Pi Network

For Pi Network, the circulating supply is currently assumed to be approximately 6 billion Pi. If the market cap is $1 billion, the price per 1 Pi is calculated as follows:

1 billion dollars ÷ 6 billion Pi = 0.1 dollars

On the other hand, if the market cap reaches $324 billion, similar to Ethereum, the price per 1 Pi will be as follows:

324 billion dollars ÷ 6 billion Pi = approximately $54

Expectations Based on Comparison with Other Cryptocurrencies

Compared to major cryptocurrencies like Ethereum and XRP, Pi Network faces many challenges to achieve a market cap equal to or greater than theirs. However, the possibility is expected to expand as real-world use cases increase with the transition to the “Open Network” phase.

Expectations for Exchange Listing and Use Cases

The planned listing on exchanges on February 20, 2025, will be a major turning point for Pi Network. Some exchanges, such as OKX, have already started accepting Pi Coin deposits, and this movement could generate further demand. Furthermore, in the “Open Network” phase, connection with external systems will be possible, and the development of new use cases is expected.

Uncertainty and Hope in the Cryptocurrency Market

The cryptocurrency market is highly uncertain, but stable growth is expected as use cases are strengthened in the “Open Network” phase. Even if the price does not reach the expected level in the initial stage, its value may increase through new applications and business models.

Summary

Pi Network is attracting attention due to its unique concept and large community. As can be seen from the price predictions based on market cap and circulating supply, its potential is unknown. Pi Network is entering a new phase with the transition to the “Open Network” phase. It is necessary to monitor its movements and analyze and judge information for oneself.

Pi Network KYC and KYB: Comprehensive Overview of the Authentication Process Supporting the Crypto Ecosystem

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As the cryptocurrency market rapidly evolves, KYC (Know Your Customer) and KYB (Know Your Business) processes are becoming increasingly important to ensure the reliability of users and businesses. This article provides a detailed explanation of the mechanisms and significance of these authentication processes within the Pi Network, and their impact on the ecosystem.

What are KYC and KYB?

KYC stands for “Know Your Customer” and is a process to verify that a user is a real person. On the other hand, KYB stands for “Know Your Business” and verifies that a company or store is a legitimate business entity. These are standard procedures widely adopted in the financial industry and cryptocurrency platforms.

A KYB application page is available, but applications cannot be submitted.
It is believed that the exchange scheduled to be listed on the 20th has submitted this application.
https://minepi.com/kyb-business-pi/

Role of KYC

In the Pi Network, KYC plays the following roles:

Prevention of Fraudulent Activities: Prevents fraudulent use through multiple accounts and bots.
Regulatory Compliance: Complies with global financial regulations and prevents money laundering and terrorist financing.
Enhanced Trust: Ensures transparency and trust among users.

Role of KYB

KYB focuses particularly on business registration and has the following effects:

Contribution to Local Economy: Supports local shops and small businesses in utilizing Pi Coin.
Improved Transaction Safety: Only verified businesses can transact within the network, building a safe ecosystem.
Reduced Regulatory Risk: Ensures long-term reliability by meeting legal requirements.

Benefits of KYC/KYB for the Pi Network

KYC and KYB bring significant benefits to the entire Pi Network ecosystem. The main points are listed below:

1. Building Trust Between Users and Businesses

The KYC/KYB process ensures transparency between users and businesses. This significantly reduces the risk of fraud and illicit transactions.

2. Preparation for Open Network Migration

In the Open Network migration scheduled for February 20, 2025, only KYC/KYB verified users will have access to full functionality. This migration is a crucial step that enables connection with external blockchains and real-world transaction usage.

3. Revitalization of Local Economy

KYB verified businesses can accept Pi Coin within their local communities. This is expected to lead to attracting new customer segments and increasing sales.

Challenges and Solutions of the KYC/KYB Process

While KYC/KYB has many advantages, it also presents the following challenges:

Authentication Delays: Delays may occur due to processing a large volume of applications. To address this, acceleration using AI technology and third-party services is underway. Some people have been waiting for KYC for years.
Data Privacy: There are concerns about personal information protection. Pi Network enhances data protection using encryption technology.

Benefits After Completing KYC/KYB

After completing KYC/KYB, users and businesses gain the following advantages:

Full Access Rights: KYC completed users have access to all features, including Pi Coin transactions and service usage.
Account Protection: Account recovery becomes easier with KYC information.
Legal Safety: KYB verified businesses are protected from legal risks.

Summary: Future Outlook

KYC and KYB are crucial pillars supporting the growth and safety of the entire Pi Network ecosystem. Their importance will further increase, especially after the Open Network migration. It is expected that these processes will continue to be utilized to build a safe and reliable cryptocurrency environment.

*Note: This article is for informational purposes only and does not constitute investment advice. Please conduct sufficient research and make your own judgment.

February 20, 2025: Pi Network Open Network Launch – Official Announcement and Its Impact

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For Pi Network users, the long-awaited news has finally arrived. According to the official announcement, the Pi Network Open Network is scheduled to launch on February 20, 2025, at 8:00 AM (UTC). This announcement marks a significant milestone for the entire community that has waited for 6 years.

What is Pi Coin?

Unlike traditional cryptocurrencies, Pi Coin is designed as a utility-based cryptocurrency. This coin is designed to be used in real-world applications and transactions, and its potential is limitless.

Utility-Based Ecosystem

According to the official announcement, Pi Coin has a rapidly growing utility-based ecosystem with millions of verified users (Pioneers) participating. This Open Network will enable connections with external systems and provide new applications and transaction methods.

6 Years of Effort and Anticipation

The community has been waiting for this moment for 6 years. During this time, users have mined coins for free, believing that their value would be comparable to gold in the market. This announcement is the moment when years of effort and patience are rewarded.

Global Recognition

Pi Coin is already widely known around the world and has recognition comparable to Bitcoin and Ethereum. It is said that anyone who has encountered cryptocurrency knows about Pi Coin.

Importance of Daily Mining

Users are strongly encouraged to continue mining daily. The coins currently obtained are free and are expected to have future value. Particular attention is called not to miss this opportunity.

Future Outlook and Points to Note

It is important to continue checking for official announcements and the latest information through the Pi Mining app. New information and features may be added, and all users need to be prepared to make the most of this progress.

“The launch of this Open Network will be a great celebration for all of us.” – Pi Community

February 20, 2025, will be a historic day for the Pi Network and its users. Let’s prepare to celebrate the dawn of this new era. The Open Network is not the end; it is the beginning!

Pi Network Latest Update: Grace Period Extension and the Importance of KYC and Mainnet Migration

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Cryptocurrency Pi Network announced important developments towards 2025. The team decided to extend the deadline for the Grace Period (GR) until February 28, 2025 for users who have not completed their KYC (Know Your Customer) and migration procedures. This decision is aimed at allowing more users to secure their Pi coins and contribute to the ecosystem.

What is the Grace Period?

The GR period refers to the grace period given to Pioneers to complete their KYC application and perform Mainnet migration. If the necessary procedures are not completed within this period, there is a risk of losing balances other than Pi coins mined in the past 6 months.

Background and Purpose of the Grace Period Extension

Initially, the GR period was scheduled to end at the end of 2023, but it became clear that many users had not completed KYC or migration, leading the team to choose to extend this deadline. This extension allows users to continue the process and ensures the fairness and inclusivity of the Pi Network.

This time, the Pi Network team extended the GR period until February 28, 2025. This decision has the following objectives:

Inclusivity and Fairness: Enable more Pioneers to complete KYC and Mainnet migration.
Special Case Handling: Provide sufficient time to accommodate users in specific situations.
Network Strengthening: Increase the number of KYC-verified users and strengthen the ecosystem before the Open Network launch.

Relationship with the Open Network

Interestingly, it has been clarified that this GR period extension does not affect the launch date of the Open Network (Mainnet). According to the team, the Open Network is expected to launch as scheduled in the first quarter of 2025. Therefore, there is no need to worry about losing Pi coins even if KYC or migration is not completed.

Key Points from the Official Statement

GR period rules will be maintained regardless of the Open Network launch date.
Pi coins will be retained even if KYC or migration is not completed.
The Open Network is scheduled to launch as planned in the first quarter of 2025.

Risks of Not Meeting the New Deadline

If you fail to complete KYC or Mainnet migration by the new deadline of February 28, 2025, there are the following risks:

Only Pi coins mined in the 6 months immediately preceding the deadline can be retained.
Balances mined before that will be lost.

Since there have been multiple extensions before, prompt action is recommended.

What Pioneers Should Do Now

If you have not yet completed your KYC application or Mainnet migration process, please proceed with the following steps:

Open the Pi Network app and click on ‘Mainnet Checklist’.
Fill out the KYC application form and submit the required documents.
Complete the Mainnet migration process.

How to Apply for PiNetwork KYC (Identity Verification) and Points to Note

Pi Network Team’s Vision

This decision demonstrates that the Pi Network team prioritizes the growth and sustainability of the entire ecosystem. In particular, a careful judgment was made regarding the GR period deadline, which is highly sensitive and has significant implications. This extension measure provides many users with the opportunity to participate in the ecosystem.

Future Outlook

The Pi Network team aims for an ‘accessible and fair ecosystem for everyone’ and took this measure based on this philosophy. They are also preparing for the Open Network launch scheduled for the first quarter of 2025. This is expected to build a new economic sphere and achieve further growth.

Summary

As the latest information on the Pi Network, we have explained in detail the GR period extension and the Open Network launch timing. From this announcement, it can be seen that the team values the user experience and the health of the entire ecosystem. Let’s continue to monitor progress information and prepare accordingly.

Prospects for the Open Mainnet

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Pi Network is a new digital currency developed by PhDs from Stanford University. Due to the ease of mining on mobile devices, users worldwide are participating as “Pioneers” and expanding the community. It has now entered the Closed Mainnet phase, and users who have completed KYC (Know Your Customer) and migrated to the mainnet can now conduct transactions and bartering with coins.

From Closed Network to Open Network

In the Closed Network, while full integration with the external network is restricted, buying, selling, and service exchange using coins can be conducted within the community. This is positioned as a preparatory stage before the full transition to the Open Network, with user KYC completion and coin migration being the most important tasks.

“The Closed Network phase is also a preparation period where the value of Pi coins stabilizes to some extent, and transactions between Pioneers are tested.”

Important Date: Q1 2025

The Pi Network development team has indicated that the Open Network will launch in the first quarter (Q1) of 2025. The following three dates are particularly noteworthy:

January 31, 2025: The grace period for KYC and Mainnet migration procedures ends. It is highly likely that the coins of users who do not complete these by this date will be frozen or deleted.
February 14, 2025: The official Open Network launch date may be announced as a one-month advance notice.
March 14, 2025: The official launch of the Open Network is scheduled. This date is also said to be related to the name “Pi Network” and “3.14 (Pi)”.

Given that “Pi” is a name inspired by the mathematical constant “π”, there is growing anticipation both within and outside the community that March 14th might be chosen as the launch date, coinciding with “Pi Day”.

Preparation Work by January 31st

First, you need to complete KYC (Know Your Customer) by January 31, 2025, and migrate your owned Pi coins to the Mainnet wallet. This is a procedure to ensure the legitimacy of Pi coins and the security of the network. If KYC is not completed or the migration procedure is not finished, there is a risk of coins expiring, and procedures may be concentrated and delayed, especially just before the deadline. Early preparation is crucial.

“If KYC is not completed by January 31, 2025, your coins may not be reflected on the network. Early action is important.”

Advance Announcement on February 14th

The Pi Network development team has mentioned multiple times that they will notify Pioneers at least one month before the official Open Network launch date. Therefore, around February 14, 2025, is anticipated as the timing for the advance announcement. If this is officially confirmed, the community’s expectations for the launch will further increase.

Realization and Significance of the Open Network

When the Open Network is realized, the Pi Network is expected to be able to integrate more freely with external services and other blockchains, significantly increasing the liquidity of Pi coins. Furthermore, in addition to transactions between users, the development of payment systems and new DApps (Decentralized Applications) is expected to lead to a wider range of uses.

The public release of the Open Network, built upon successful cases accumulated during the Closed Mainnet phase and a strong community foundation, is a significant step towards realizing the Pi Network’s philosophy of a “decentralized economy accessible to everyone.”

“Once the Open Network is publicly released, Pi coins have the potential to establish themselves not just as a speculative asset, but as a practical means of payment or a new era digital asset.”

Trends in the Pi Network Community

Currently, many users in the Pi community are watching closely to see if there will be updates from the development team every Friday, and the latest information tends to be shared easily within the community’s social media and app. It is recommended to check official announcements and news frequently to not miss the latest developments regarding the Open Network.

Mindset for the Open Network

2025 has the potential to be a breakthrough year for the Pi Network. It is good to keep the following points in mind:

KYC Authentication: Prioritize strict adherence to the deadline and quickly complete necessary documents and identity verification procedures.
Mainnet Migration: Understand the wallet setup and coin migration procedures in advance and complete them before congestion.
Gathering Community Information: Check weekly official updates and discussions on social media to always grasp the latest information.
Learning Future Usage Methods: Learn about the usage scenarios of the Pi Network, such as payment usage and app integration on the Open Network.

By proceeding with these preparations, you should be able to utilize coins smoothly after the Open Network is released and respond more easily to new opportunities and services.

Summary: The Future Pi Network is Paving

The Pi Network has steadily grown in the often complex world of cryptocurrency, supported by a user-friendly mining method and a large community. The anticipated launch of the Open Network on March 14, 2025, will be a major turning point, demonstrating the potential for Pi coins to become more than just a virtual asset and play a part in the international digital economy.

Even in the Closed Network phase, there are increasing examples of bartering with coins and conducting unique transactions. With the transition to an Open Network, global mutual transactions and new use cases are expected to expand rapidly. Not neglecting preparations such as KYC authentication and wallet migration, and keeping track of community trends, will be key to success.

While keeping an eye on future announcements and updates, why not start preparing to maximize the appeal of this new era digital currency?

Strategy for Enhancing Mining Speed and Liquidity Towards 2025

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2025年1月に入り、Pi Networkは一段と注目を集めています。その理由の一つとして、基本マイニング速度が前月よりも減少し、参加者の増加とともにPiの希少性が高まっている点が挙げられます。さらに、2025年第一四半期に予定されているOpen Networkへの切り替えが近づき、Piエコシステム全体を大きく変革する可能性があることも話題となっています。

Latest Trends in Mining Rate

The mining rate of Pi Network continues to fluctuate according to the increase in the number of participating users and various network indicators. As of January 2025, the base mining rate is said to have decreased by about 0.55% compared to the previous month, falling to the 0.004 range. This is because Pi Network is gradually introducing a mechanism to increase scarcity, and it has a structure where pioneers (users) who joined at an early stage are more likely to benefit. For new users, it will be important to complete initial steps such as account registration and KYC verification before the mining rate drops further.

Expectations for Open Network and Future Price Formation

In Pi Network, the implementation of the Open Network is scheduled for Q1 2025, and the mainnet is expected to be fully opened to general users and external applications. Currently, it is in a transition phase, so
transactions between Pi are mainly conducted through internal exchange of goods and services, and OTC (Over-The-Counter) trading within limited communities. However, after the implementation of the Open Network, liquidity is expected to significantly improve, and the following scenarios are anticipated:

Increased buying and selling activity due to listing on multiple cryptocurrency exchanges
Further expansion of purchasing goods and using services within the Pi ecosystem
Development of an environment where OTC and P2P transactions can be conducted more freely
Improved liquidity through interoperability with other wallets and blockchains

As a result, Pi is expected to explore its stable point while passing through various price ranges. Unlike many traditional cryptocurrencies, Pi has a high possibility of ‘simultaneously possessing an ecosystem with high real demand’, so a scenario where price stabilization and expansion occur simultaneously is also expected.

Relationship between Liquidity and Price

With the Open Network, cases of purchasing various services and goods using Pi will increase, and the movement to share a single value across the entire network will become more active. As for future market principles,

New supply from users who continue additional mining
Investor base accumulating Pi seeking liquidity
Supply and demand from businesses providing products and services within the ecosystem

will intertwine, and the price will be formed. Initially, price fluctuations may be volatile, but once the balance between supply and demand is achieved, a stable market price is expected to emerge.

Movement of 1 Billion Pi to Wallets and Liquidity Pool Construction

Recently, there is information that a large amount of 1 billion Pi has been transferred to dedicated wallets. This is said to be aimed at forming a liquidity pool and creating an environment where rapid transactions of Pi are possible.
Once a liquidity pool is secured, the following benefits can be considered:

Improved transaction speed and reduced slippage (price fluctuation during buying and selling)
Price stabilization when new users make large purchases or sales
Acceleration of decentralized application (dApp) development utilizing Pi

This movement can also be seen as a sign that Pi Network is aiming to be a ‘reliable digital asset foundation’. A major advantage is the lowering of the barrier to entry for real businesses, such as payments, DeFi services, and other blockchain applications utilizing Pi.

Importance of KYC and Mainnet Migration

In Pi Network, the completion of KYC (Know Your Customer) and migration to the mainnet are mandatory, and early completion is strongly recommended for users who have not yet completed the procedure. This is because if KYC is not completed, the Pi that has been mined cannot be transferred to the mainnet, or there may be significant restrictions when participating in the Open Network.
Completing this process is a basic requirement for future Pi utilization, so if you haven’t started yet, take action early.

Ecosystem Expansion and Community Value

If Pi Network develops into a global blockchain platform through Open Network implementation, the community that has continuously supported Pi will become the greatest source of value. As the ecosystem expands, transactions between users and service provision will also increase, and the opportunities for Pi holders to utilize Pi will become more diverse.

Summary: Outlook for 2025

2025 is expected to be a milestone year for Pi Network to make a significant leap. With the convergence of movements such as increased scarcity due to the decrease in mining rate, expanded liquidity after the Open Network implementation, and the establishment of a liquidity pool through large-scale Pi transfers, there is a possibility that Pi will evolve into a more practical cryptocurrency in the real world.
Furthermore, people who have previously questioned ‘Can Pi really be used?’ will begin to recognize Pi not just as a speculative asset but as a ‘cryptocurrency that can permeate daily life’ once liquidity increases and the ecosystem is established.
While paying attention to the Open Network migration in Q1 2025 and the accompanying increase in services, it is important to continue following the latest trends.

Action Points

Users who have not completed KYC and Mainnet migration procedures should take immediate action
Continue participating in the network early in preparation for the decrease in Pi mining rate
Consider transaction strategies and possibilities for service provision after the Open Network
Check the trends of liquidity pools and the ecosystem to assess value fluctuations

As a strong candidate to support the future blockchain economy, Pi Network is attracting significant expectations. 2025 will be the year its true value is tested. By each and every one of you invigorating the community and promoting the enrichment and activation of various services, the Pi ecosystem is sure to develop into something more robust.

Pi Network Updates: 2025 Outlook and Liquidity Improvement Initiatives

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As of January 2025, the Pi Network is experiencing significant developments. While the base mining rate has decreased, increasing the scarcity of Pi coins, efforts are underway to strengthen the entire ecosystem, including the launch of the Open Network and the establishment of liquidity pools. This article provides a detailed explanation of these latest updates and future prospects.

Decrease in Base Mining Rate and Scarcity of Pi Coins

In the Pi Network, the base mining rate decreased to 0.00477 Pi/h starting from January 2025. This decrease is due to the increase in the number of participants and indicates that Pi coins are becoming an increasingly scarce asset. This suggests that current mining activities may hold significant value in the future.

Launch of the Open Network

The Pi Network’s Open Network is scheduled to launch in the first quarter of 2025. This new phase will not only facilitate the exchange of goods and services between users but also enable connections with external wallets. This is expected to revitalize transactions both within and outside the Pi ecosystem.

Ecosystem Strengthening through Liquidity Pool Construction

Recently, the Pi Network moved 100 million coins to a dedicated wallet and constructed a new liquidity pool. This liquidity pool offers the following advantages:

Transaction Efficiency: Eliminates transaction delays and enables fast and smooth transactions.
Price Stabilization: Suppresses price fluctuations and provides users with a sense of security.
Developer Support: Provides resources for the development of new applications and services.

Expansion of Pi Coin Usage in Daily Life

With the construction of the liquidity pool, Pi coins are becoming a more practical asset. For example:

Can be used as a payment method when purchasing goods or services.
Utilized in decentralized finance (DeFi) applications.
Facilitates inter-company transactions and partnership building.

These developments are a significant step towards positioning the Pi Network as a major player in the blockchain industry.

Future Outlook and Conclusion

The Pi Network continues to grow steadily, and its ecosystem is becoming increasingly attractive to users and developers. There are many positive factors, including the decrease in the base mining rate, new possibilities brought by the Open Network launch, and improved transaction efficiency through liquidity pool construction.

We must continue to keep an eye on this innovative project. Especially in Japan, interest in such new technologies and ecosystems is expected to increase.

Why not take this opportunity to learn more about the Pi Network and explore its potential?

Pi Network Ecosystem and Marketplace: Towards the 2025 Open Network

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What is Pi Network?

Pi Network is an innovative platform aiming for a decentralized ecosystem utilizing blockchain technology. It is currently in the Closed Mainnet phase, allowing transactions and bartering using P coins.

Closed Mainnet Phase and P Coin Transactions

In the Closed Mainnet phase, users who have completed KYC (identity verification) and migrated coins to their wallets can now conduct transactions. This is an important step towards the full operation of the ecosystem.

Marketplace Applications within Pi Network

The Pi Network ecosystem includes various marketplace applications that accept P coins as a means of payment. Notable ones among them are as follows:

GPM Global Market: High-value items such as luxury cars are listed with P coins.
Picket Place: A variety of products, including gold and Indonesian cloves, are sold.
Barter Mall: A variety of items, such as toys and children’s bikes, are offered at affordable prices.
1P Mall: A unique marketplace where all products can be purchased with 1 P coin.

Sites Available for Transactions within Japan

Introducing a new site where products can be purchased through Pi transactions in the form of online shopping.

Pihan

https://musenkpk0079.wixstudio.com/pihan

A variety of products are available by genre. Daily necessities, PC parts, books, etc., are prepared as categories. We look forward to the future expansion of the product lineup. The price is set equivalent to 1 pi = 1000 yen.

Examples of P Coin Prices and Future Outlook

The official price of P coin has not yet been set, but reference prices are provided in the marketplace to help understand its value.

Start of Open Network Scheduled for Q1 2025

The Open Network is scheduled to start in Q1 2025, which will lead to the official price of P coin being determined and transaction opportunities expanding. This development is expected to further strengthen Pi Network’s position as a decentralized ecosystem.

GPM Global Market Overview

GPM Global Market is a particularly notable application within Pi Network, offering high-value products and setting a standard for other marketplaces within the ecosystem.

Features of Picket Place

Picket Place offers a wide range of products, including precious metals and agricultural products, making it a versatile platform for P coin transactions.

Highlights of Barter Mall

Barter Mall offers a variety of items and is designed to be accessible at affordable prices for all users.

1P Mall and Its Offerings

At 1P Mall, all products can be purchased with 1 P coin, making it an attractive option for pioneers exploring the ecosystem.

Let’s Use Overseas Online Shopping Products as Reference Only, Without Purchasing

Currently, it is in a closed state, and while sellers can freely determine prices, prices vary widely depending on the site and product, lacking uniformity. Since online shopping via the Pi app involves overseas transactions, it is advisable to use the listed products and prices for reference only, without actually purchasing. It is recommended to wait until services appear that seem safe for buying and selling when the Open Network is launched in the near future. If you are making a Pi payment, purchasing from the site introduced above or the one introduced recently at https://pipay.jp/ might be a good option.