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Pi Network’s Future: Pioneers, Developers, and Businesses Creating a New Economy

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As the cryptocurrency market evolves daily, Pi Network has taken a new step. This update highlights the three main roles: Pioneers, Developers, and Businesses, showing how each can contribute to the growth of the Pi ecosystem. This article will delve into the details and significance of this update.

Pioneers, Developers, Businesses: The Three Pillars

Pi Network is building its ecosystem around the following three types of participants:

  • Pioneers: Users who primarily continue mining activities. They are crucial to supporting the foundation of the Pi Network.
  • Developers: Technicians who build applications and utilities on the Pi blockchain.
  • Businesses: Companies that utilize the Pi blockchain for transactions and service provision.

These three groups cooperate to form a sustainable decentralized community.

Continued Mining and Its Importance

In many cryptocurrency projects, mining ends after the network launch. However, Pi Network is different. This policy maintains an environment where new users can easily join the network, promoting decentralization and improved security.

KYC and Security Measures: Efforts to Enhance Reliability

The KYC (Know Your Customer) process is essential to prevent fraudulent and deceptive activities. For example, a re-application option is provided to resolve issues caused by discrepancies between account names and identity verification information. This mechanism enables the creation of a safe and reliable ecosystem.

Open Network Launch and Its Impact

On February 20, 2025, Pi Network finally transitioned to the Open Network phase. The following changes are expected as a result of this transition:

  • Expansion of utility through connection with external blockchains
  • Improved reliability through KYC/KYB verified users and businesses
  • Increased market liquidity through collaboration with major exchanges

A special list is also provided for KYB-verified businesses, ensuring a safe and transparent trading environment.

Summary: The Path to the Future

This update is a significant step for Pi Network to grow as a sustainable decentralized economic zone. With the three pillars of Pioneers, Developers, and Businesses at the core, diverse participants are cooperating to form a new digital economic model.