Pi Network is finally opening its doors to external networks. The much-anticipated Open Network launch is set for Feb. 20, 2025, marking a major shift for the blockchain-based platform. While millions of users are excited, major exchanges remain hesitant about listing Pi. However, OKX is stepping up to support the project.
A Long Road to Open Network
Since December 2021, Pi Network has been in an Enclosed Network phase. This restricted users to transactions within its ecosystem. Now, the Open Network launch will allow Pi to interact with external blockchains. Pioneers—Pi’s users—will soon be able to use their tokens beyond the Pi ecosystem.
This transition brings significant changes. Users can operate nodes on the mainnet, increasing decentralization. Pi’s Core Team will prioritize experienced users for migration. Those with high-reliability scores and consistent contributions will receive early access.
Pi’s Unique Features
Pi Network’s blockchain offers more than just transactions. It enables users to mine PI coins on mobile devices without consuming excessive power. This accessibility has helped Pi attract millions of users worldwide.
Identity verification is another key feature. Unlike many Layer-1 networks, Pi supports verified interactions between individuals, businesses, and third-party apps. According to co-founder Nicolas Kokkalis, this creates a secure and user-friendly crypto experience.
The Listing Dilemma
Despite its progress, Pi Network faces skepticism in the crypto world. Critics argue that its structure resembles a multi-level marketing scheme. This concern has led many major exchanges to avoid listing Pi tokens.
Bybit CEO Ben Zhou recently stated that he has no plans to list Pi. His decision stems from past experiences in forex trading, making him cautious about certain crypto projects. Other exchanges, like Bitget, have quietly distanced themselves from Pi, removing promotional content.
OKX Takes the Lead
Amid the hesitation, OKX is embracing Pi Network’s launch. The exchange has announced plans to support Pi deposits starting Feb. 12. Spot trading will begin on Feb. 20, the same day as the Open Network launch. Withdrawals will follow on Feb. 21, giving users full access to their tokens.
What’s Next for Pi?
Pi Network’s transition to an Open Network is a crucial step. It promises greater utility, real-world applications, and increased adoption. However, the lack of widespread exchange support raises concerns about its long-term viability.
Will Pi overcome its controversies and become a major player in the crypto space? Or will skepticism continue to hold it back? The coming months will be crucial in determining Pi Network’s true potential.
