The first quarter of 2025 was an important phase for Pi Network, marked by the launch of the Open Network and the debut of Pi Coin. This article outlines the major achievements and challenges faced by the project.
Open Network Launch: February 20, 2025
On February 20, 2025, Pi Network achieved a historic milestone with the official launch of the Open Network. The project transitioned to a fully decentralized system after operating in an enclosed mainnet, where users mined Pi coins without trading capabilities. This allowed Pi to function as a live cryptocurrency, opening the door to transactions and ecosystem participation.
In preparation for the launch, efforts were made to ensure users completed KYC verification and migrated their balances to the mainnet. By early January, over 9 million users had migrated, surpassing 10 million by mid-February.
Pi Coin Launch: A New Era Begins
Pi Coin officially launched alongside the Open Network on February 20, 2025. During the enclosed mainnet phase, mined coins had no tradable value, but the launch changed that for verified users. Participation was limited to Pioneers who completed KYC and migrated their balances.
To accommodate more users, the project extended the Grace Period for KYC and migration several times, which facilitated strong community efforts. However, unverified balances before the six-month window were forfeited, leading to some debate among users.
Pi Coin Exchange Listings
Following the coin launch, Pi Network quickly secured its market presence through exchange listings. By late February, Pi Coin was listed on several exchanges, including OKX. These listings allowed users to buy, sell, and trade Pi effectively, establishing its market presence.
Market response varied, with trading volumes declining after the initial excitement. Nevertheless, optimism remains within the community, with some speculating that Pi could reach $10 with increased adoption.
The first quarter of 2025 marked a pivotal time for Pi Network with the successful launch of the Open Network and the debut of Pi Coin. However, future challenges such as technical refinement and market confidence remain important milestones to address.
