Pi Network has announced the launch of its Open Network, offering users access to new trading and integration opportunities. However, the token price fell by 60% on the first trading day.
Pi Network Network Launch
The official launch of Pi Network's open network allows users to conduct transactions outside the Pi ecosystem, interact with KYC-certified companies, and access new integrations including centralized exchanges.
Co-founders' Vision for the Network
Pi Network co-founders Dr. Nicolas Kokkalis and Chengdiao Fan shared their vision for the network's future strategy. The network supports over 100 Mainnet-ready applications accessible via the Pi Browser.
Current Situation and Future of Pi Token
Despite development successes, the Pi token has faced criticism of being a pyramid scheme. The token issuance model is designed to slow over time, rewarding users for security, application use, and node operation.
Pi Network continues to expand its ecosystem, focusing on real-world business integration. Overcoming current challenges and criticism will be crucial for the network's future.
