The Pi Network is officially transitioning to the Open Network phase, marking a significant milestone for its community of Pioneers. This move comes after the completion of essential conditions, ensuring the network is ready for the next chapter. Here’s a detailed look at what’s happening, the requirements for participation, and how Pioneers and developers can contribute during this exciting phase.
Gradual Transition from Testnet to Mainnet
The Core Team will be inviting Pioneers to gradually transition their nodes from Testnet to Mainnet through the desktop node UI. The priority will be given to Pioneers with a strong history of contributions and high reliability scores. This approach ensures a stable and secure network environment as the Open Network unfolds.
Additionally, node rank data will soon be made public, providing transparency and rewarding those who have consistently supported the network’s growth.
Business Compliance and Network Participation Requirements
To create a safe and compliant ecosystem, Pi Network is implementing KYC (Know Your Customer) and KYB (Know Your Business) verification processes:
- For Pioneers: KYC verification is required to participate in Mainnet blockchain activities.
- For Businesses: KYB verification will ensure that companies engaging in the ecosystem are legitimate and verified.
Once the Open Network is live, a list of KYB-verified businesses will be available on the Pi Network’s website. This feature will allow Pioneers to interact with verified businesses, ensuring security and trust in all interactions. Businesses interested in joining can apply for KYB verification through a dedicated webpage (coming soon).
Pi Network aims to build a safe Web3 space where KYC-verified Pioneers can connect with KYB-verified businesses and partners for seamless, secure transactions.
Open Network Conditions: How Pi Network Got Here
The Open Network launch follows the conditions shared with the Pi community in December 2023. Let’s break down the progress that led to this launch:
- Completion of All Necessary Preparations
The Core Team completed all the technical, product, business, and legal work required to enable the Open Network launch. - KYC and Migration Milestones Exceeded
- Over 19 million Pioneers have completed or tentatively completed KYC, surpassing the original goal of 15 million.
- 10.14 million Pioneers have migrated to Mainnet, exceeding the 10 million migration goal.
- The network now boasts over 100 Mainnet-ready apps, ensuring a diverse and active ecosystem to support Open Network from day one.
- No External Delays
There are no further delays due to external factors or unfavorable conditions. The network is fully prepared for this transition.
What’s Next for Pioneers and Developers?
The Open Network phase opens up exciting new opportunities for Pioneers and community developers. Here’s how you can contribute to the continued growth and success of Pi Network:
- For Pioneers:
- Complete your KYC and migrate to Mainnet if you haven’t already.
- Engage with Pi apps on the Pi Browser to support ecosystem growth and enhance utility.
- For Developers:
- Continue building, refining, and launching apps that meet Pi Network’s standards.
- Focus on creating innovative solutions that contribute to the overall utility and resilience of the network.
Conclusion
The launch of the Open Network marks a new chapter for the Pi Network community. With a robust infrastructure, a verified and engaged user base, and a growing ecosystem of apps, the network is ready to thrive.
Pioneers and developers—this is your opportunity to be part of something groundbreaking. Let’s work together to build a secure, vibrant, and utility-rich Web3 ecosystem that benefits everyone.
Stay tuned for more updates and continue contributing to Pi Network’s success!
Read More Here.
