Pi Network: Today's Listing and Everything You Need to Know

Bittime - Pi Network, a blockchain-based cryptocurrency platform, has set the launch date for its Open Network mainnet as today February 20, 2025. This launch is highly anticipated after several previous delays, and is expected to have a significant impact on the Pi cryptocurrency as well as its price and future.

Impact of Launch on Price

The announcement of the launch of Open Network has caused a sharp price spike in PI coin, increasing by up to 70% in a few hours. 

The PI value jumped from $50 to more than $90 before finally stabilizing at around $80.91 at 15:45 WIB. 

One important factor in this price increase was confirmation from CEX that it would list PI for spot trading, further strengthening the coin's legitimacy in the eyes of investors.

Bitget also announced plans to list PI on the same day as the Open Network launch, boosting investor confidence further.

The Importance of Open Networks

Since December 2021, Pi Network operates in the Enclosed Network phase which limits external interactions.

This phase allows users, called Pioneers, to complete the Know Your Customer (KYC) verification process, migrate their coins to Mainnet, and build decentralized applications (dApps) in a secure environment. 

With the launch of the Open Network, Pi will be integrated with external systems, allowing users to trade and utilize PI coins outside the closed ecosystem.

Read too Pi Network Launches on Mainnet: How High Will the Price of PI Coin Be?

This transition will open up opportunities for businesses and individuals to engage in real-world applications, increasing Pi's utility and adoption.

The Pi Network Ecosystem includes:

1. Social network for cryptocurrency users

2. Decentralized applications (dApps) that support utility-based transactions

3. Blockchain designed for efficient transactions and low fees

Once restrictions are removed, anyone can run a node on the mainnet blockchain. However, the Pi Network Core Team will prioritize experienced users by inviting them to migrate their nodes from Testnet to Mainnet.

Read too Pi Network: Interesting Facts, Tokenomics, and Price at Listing

Mining Policy and KYC Verification

To maintain security and compliance, Pi Network implements a strict KYC (Know Your Customer) and KYB (Know Your Business) verification process for individuals and businesses.

This step ensures that only verified users can participate in the network, reducing the risk of fraud and non-compliance with regulations. A new formula for mining reward issuance was introduced in March 2022 with a decreasing exponential model, maintaining a balance between network growth, accessibility, sustainability and scarcity while ensuring fair rewards for contributors.

Read too Today's Pi Network Price According to the Latest Data, How Much Is PI Coin Rupiah?

Market Speculation and Concerns

Despite recent positive developments, Pi Network remains a subject of debate among the cryptocurrency community.

Some critics argue that Pi's operational model is similar to a multi-level marketing scheme rather than a decentralized blockchain initiative. These concerns have caused several large exchanges to be reluctant to list the token. Bybit CEO Ben Zhou recently announced that the exchange would not list the Pi due to design issues and its regulatory status.

Technical Analysis: Can PI Reach $100?

Prior to the Open Network announcement, PI coin was trading in a descending triangle pattern, dropping from $76 to $37 at one point. However, the bullish momentum following the announcement has revived investor interest.

The Moving Average Convergence Divergence (MACD) indicator shows continued upward momentum, while the Money Flow Index (MFI) shows increasing buying pressure. 

If the current trend continues, analysts predict that PI could break the $100 mark.

Conclusion

The launch of Open Network Pi today, February 20, 2025, is an important turning point for the project. With millions of verified users, upcoming exchange signups, and a growing ecosystem, Pi is on track to establish itself as a legitimate cryptocurrency with real-world applications.

However, regulatory uncertainty and potential sales by early adopters may introduce volatility. The coming weeks will be crucial in determining whether PI can maintain this momentum or face a correction due to market speculation.

Read too Pi Network Price Prediction 2025 - 2030: Can it Reach $265 per Coin?

FAQ about Pi Network

1. What is Pi Network?

Pi Network is a blockchain-based cryptocurrency platform that allows users to mine PI coins using a mobile application. This project aims to create a more inclusive and decentralized financial system.

2. What happens on February 20, 2025?

On February 20, 2025, Pi Network will launch its Open Network mainnet. This marks the transition from the Enclosed Network phase to an open network, allowing users to trade and use PI coins outside the closed ecosystem.

3. How to participate in the Pi Network network?

To participate, users need to download the Pi Network app, complete the KYC verification process, and start mining PI coins. After the launch of Open Network, users can also contribute by running nodes on the blockchain.

Author: IN

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