Pi Network, the blockchain-based platform enabling users to mine PI coins, has officially set February 20 as the launch date for its Open Network mainnet, according to a press statement obtained by CryptoSlate.
This long-anticipated transition follows multiple delays, with Pi Network now claiming significant progress, including millions of KYC-verified users and a growing utility-driven ecosystem.
Transition to Open Network
Since December 2021, Pi Network has been operating in an Enclosed Network phase, restricting external interactions and limiting transactions within its ecosystem.
With the upcoming Open Network phase, Pi’s blockchain will integrate with external networks, enabling its users, known as Pioneers, to transact beyond the Pi ecosystem. This move is expected to broaden real-world use cases and boost adoption.
Pi Network’s ecosystem features:
- Utility-based applications
- A social network for crypto users
- A blockchain designed for seamless transactions
Once the firewall restrictions are lifted, anyone will be able to operate a node on the mainnet blockchain. However, Pi’s Core Team will prioritize experienced users, inviting them to migrate their nodes from the testnet to the mainnet.
This migration will be managed through the desktop node UI, with preference given to users with high-reliability scores and consistent contributions. Additionally, node rankings will be made publicly available.
Technology and Accessibility
Pi Network’s Head of Technology and co-founder, Nicolas Kokkalis, highlighted the platform’s accessibility. He emphasized that Pi allows users to mine cryptocurrency for free on mobile devices, making it widely accessible to millions of people worldwide.
According to Kokkalis, Pi’s blockchain supports identity verification for individuals and businesses, a feature uncommon among Layer-1 networks. This capability allows seamless interactions between third-party applications, verified users, and businesses.
Challenges and Exchange Listing Controversies
Despite its ambitious expansion, Pi Network remains a divisive topic within the crypto space.
Critics argue that its operational model resembles a multi-level marketing scheme rather than a legitimate blockchain project. This skepticism has resulted in reluctance among major crypto exchanges to list the PI token.
Recently, Bybit CEO Ben Zhou dismissed calls for Pi Network’s token to be listed on his exchange. In a February 12 post on X, he cited his past experiences in forex trading as a reason for staying away from the project.
Similarly, crypto journalist Wu Blockchain reported that some exchanges have distanced themselves from Pi Network. According to him, Bitget has quietly removed promotional content related to Pi, possibly due to ongoing controversies.
Future Outlook
As Pi Network prepares to integrate with external networks, its success will depend on user adoption, regulatory clarity, and exchange support. Whether Pi’s Open Network transition can shift market perception and secure major exchange listings remains to be seen.
