Pi Network (PI), the mobile-mined cryptocurrency, has reached a significant milestone with its official listing on multiple top-tier exchanges as of February 20, 2025. This marks the project's transition into the Open Network phase, enabling seamless integration with external blockchain ecosystems.
Key Developments in Pi Network’s Open Network Launch
- Open Network Activation: Officially launched at 08:00 UTC on February 20, 2025, allowing Pioneers to conduct transactions outside Pi’s native ecosystem.
- Exchange Listings: PI is now tradable on platforms like Bitget, Gate.io, OKX, and others, enhancing liquidity and accessibility.
- Price Performance: Currently trading at $1.57** (a 23% increase since launch), with an all-time high of **$1.97 recorded on CoinGecko.
👉 Explore PI trading on Bitget
What Is Pi Network (PI)?
Pi Network is a revolutionary mobile-first cryptocurrency project with over 60 million users globally. Unlike traditional Proof-of-Work (PoW) systems, PI utilizes the Stellar Consensus Protocol (SCP), enabling energy-efficient mining via smartphones.
Core Features:
- Mobile Mining: Earn PI with minimal battery drain—just one daily tap.
- Decentralized Applications (dApps): Contribute to Pi’s growing ecosystem.
- Trustless Security: Secured by a user-verified "Security Circle."
How to Mine PI Efficiently
1. Basic Mining
- Open the Pi app daily and tap the lightning button.
- No hardware or continuous app operation required.
2. Boost Mining Rates
- Expand Your Security Circle: Add trusted members to increase rewards.
- Invite New Users: Grow your network for higher mining speeds.
- Engage with dApps: Active participation accelerates earnings.
Pi Network’s Evolutionary Phases
| Phase | Description |
|---------------------|---------------------------------------------|
| Beta (2019) | Initial app testing and user onboarding. |
| Testnet (2020) | Network stability trials. |
| Enclosed Mainnet (2021) | Internal transactions only. |
| Open Network (2025) | Full external connectivity. |
Post-Launch Updates
- External Transactions: Send PI to non-Pi wallets.
- KYC Verification: Mandatory for compliance and security.
- dApp Expansion: Increased utility through third-party integrations.
FAQs
Q: Is Pi Network mining free?
A: Yes! It consumes negligible data and battery.
Q: When can I withdraw PI?
A: After completing KYC in the Open Network phase.
Q: Which exchanges support PI?
A: Bitget, OKX, Gate.io, and others.
Q: What’s PI’s max supply?
A: The total supply is capped at 2.1 billion PI.
Pi Network’s Open Network debut signals a new era for decentralized finance (DeFi). With its user-friendly model and expanding exchange support, PI is poised to become a mainstream digital asset.
🚀 Pro Tip: Diversify your portfolio with PI—mine, trade, and engage in its ecosystem for long-term growth!