Pi Network officially launched its Open Mainnet on February 20, 2025, marking a significant milestone after six years of development. The launch enabled over 57 million registered users, known as "Pioneers," to transfer their mined Pi Coins externally and use them for transactions. citeturn0search8
The launch was accompanied by significant price volatility. Pi Coin's value surged by 80%, reaching $92 within hours of the announcement. citeturn0search7 However, this was followed by a sharp decline, with the coin's value plummeting by 98% shortly after the Open Mainnet launch. citeturn0search8
Despite the price fluctuations, Pi Network has made notable progress in user verification and ecosystem development. Over 19 million users have completed KYC verification, and more than 10 million have migrated to the Mainnet. The network also boasts over 100 Mainnet-ready applications, indicating a growing ecosystem. citeturn0search1
While the Open Mainnet launch represents a significant step forward, the Pi Network faces challenges in achieving broader market acceptance and stability. Investors and users are advised to exercise caution and closely monitor the project's ongoing developments.
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GateUser-a981eeec
· 04-18 05:59
Steadfast HODL💎
View OriginalReply0
GateUser-8e1a8cbe
· 04-18 05:02
When will it be Open Source? When will the mapping for the China region take place?
Pi Network officially launched its Open Mainnet on February 20, 2025, marking a significant milestone after six years of development. The launch enabled over 57 million registered users, known as "Pioneers," to transfer their mined Pi Coins externally and use them for transactions. citeturn0search8
The launch was accompanied by significant price volatility. Pi Coin's value surged by 80%, reaching $92 within hours of the announcement. citeturn0search7 However, this was followed by a sharp decline, with the coin's value plummeting by 98% shortly after the Open Mainnet launch. citeturn0search8
Despite the price fluctuations, Pi Network has made notable progress in user verification and ecosystem development. Over 19 million users have completed KYC verification, and more than 10 million have migrated to the Mainnet. The network also boasts over 100 Mainnet-ready applications, indicating a growing ecosystem. citeturn0search1
While the Open Mainnet launch represents a significant step forward, the Pi Network faces challenges in achieving broader market acceptance and stability. Investors and users are advised to exercise caution and closely monitor the project's ongoing developments.