5 things to know about Pi Network

​Pi Network's Open Mainnet Launch Marks New Era in Mobile Cryptocurrency Mining

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After six years of development, Pi Network, a blockchain project founded in 2019, has officially transitioned to its Open Mainnet phase as of February 20, 2025. This milestone enables external trading of Pi tokens and signifies a significant step toward broader adoption and real-world application.​

What is Pi Network?

Pi Network is a blockchain-based platform that allows users to mine cryptocurrency through a mobile application. Developed by Stanford graduates, the project aims to make digital currency accessible to the general public by eliminating the need for specialized mining hardware or technical expertise.​

Unlike traditional cryptocurrencies like Bitcoin, which require energy-intensive mining operations, Pi Network utilizes a consensus algorithm based on the Stellar Consensus Protocol. This approach enables users to mine Pi coins by simply checking in daily on the app, fostering an energy-efficient and user-friendly mining experience.​

How Does Pi Network Operate?

Pi Network operates on a trust-based system rather than Bitcoin’s proof-of-work model. Users create "trust circles" by selecting 3-5 reliable contacts, forming a global network that secures transactions without significant computing power. Pioneers earn Pi by daily check-ins, with additional rewards for expanding trust circles and operating full nodes. The system also incentivizes app usage and Pi lockups to support ecosystem development.​

User Participation in Pi Network

Pi Network assigns users four main roles:​

• Pioneer: Mines Pi by checking in daily through the mobile app.​

• Contributor: Creates Security Circles by selecting trusted members to enhance network verification.​

• Ambassador: Grows the network by inviting new users.​

• Node Operator: Runs validation software on computers to secure transactions.​

This structure encourages community engagement and decentralization, essential components for the network's growth and security.​

Transition to Open Mainnet

The launch of the Open Mainnet on February 20, 2025, marks a pivotal moment for Pi Network. During the previous Enclosed Mainnet phase, which began in December 2021, the network restricted external access to enhance security and allow for Know Your Customer (KYC) verification. With the Open Mainnet, these restrictions have been lifted, enabling users to connect Pi to external systems and real-world applications.​

This transition allows for broader adoption, increased developer activity, and more real-world use cases for Pi. Businesses and developers can now build decentralized applications (dApps) with wider blockchain interoperability, expanding Pi's utility beyond its existing ecosystem.

Exchange Listings and Market Response

Following the Open Mainnet launch, Pi tokens are now listed on several exchanges, including OKX, MEXC, and Bitget, allowing external trading. The initial response from the market has been notable. Pi Coin's value surged by 80%, reaching $92 within hours of the announcement, signaling strong interest from both fans and investors. ​

However, the price experienced volatility, with fluctuations reflecting the market's dynamic response to Pi Network's developments. As of March 2, 2025, Pi Coin is trading around $2.03, reflecting a 6.12% decrease over the past 24 hours. ​

Community Expectations and Price Speculations

The Pi Network community, comprising over 19 million verified Pioneers, has been instrumental in the project’s growth. With more than 10.14 million Pioneers migrated to the Mainnet and over 100 Mainnet or Mainnet-ready applications, the ecosystem is poised for significant expansion. ​

Community expectations regarding Pi's value have varied widely. Some community members proposed a global value of $314,159 per Pi, a figure dismissed by experts as unrealistic. More conservative estimates suggest that Pi could trade within a range of $80 to $120 in the first quarter of 2025, depending on demand and exchange liquidity. ​

Future Outlook

The transition to the Open Mainnet phase is expected to facilitate greater utility for Pi, enabling seamless transactions beyond its ecosystem. Businesses and developers now have increased flexibility to integrate Pi into digital commerce and services. The network's future expansion will depend on continued support from Pioneers who maintain their mining activities, promote Pi applications, and engage in local business transactions. ​

As Pi Network prepares for its Open Network launch, the crypto community eagerly awaits what lies ahead. With growing adoption, a strong user base, and numerous applications on the horizon, Pi Network could reshape the future of cryptocurrency.

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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