The first quarter of 2025 was a pivotal phase for Pi Network, featuring the launch of the Open Network and the listing of Pi Coin.
Open Network Launch: February 20, 2025
On February 20, 2025, Pi Network reached a milestone with the official launch of the Open Network. The project transitioned to a fully decentralized system, concluding the phase where Pioneers could mine Pi coins on their phones without trading capabilities. The launch incorporated significant steps such as user KYC verification and the migration of balances to the mainnet.
Pi Coin Launch: A New Era Begins
The Pi Coin launched alongside the Open Network, enabling trading for verified users who completed KYC and balance migration. In Q1, the project extended the KYC deadlines several times to accommodate more users.
Pi Coin Exchange Listings
Following the coin launch, Pi Coin was listed on several exchanges, including OKX. This allowed Pioneers to buy, sell, and trade Pi. Despite optimistic forecasts, the community's focus remained on Pi's application as a currency.
The shift to the Open Network and initial listings laid a strong foundation for Pi Network, but technical and market challenges remain to be addressed in Q2.
