Pi Network is preparing to enter the Open Network phase.

On February 20th, Pi Network – one of the most controversial cryptocurrency platforms – will officially enter its Open Network phase, marking a significant step forward after more than 6 years of operation.

This announcement was made by the Pi Network development team on the morning of February 12th, stating that the system will officially migrate to the Mainnet's Open Network at 8:00 UTC (3 PM, Hanoi time).

Pi Network has achieved over 10.14 million Mainnet migrations and has over 19 million users who have completed identity verification.

Pi Network is a cryptocurrency project that has been operating for over 6 years, attracting a large number of users in Vietnam and around the world . The system has also implemented a KYC (Know Your Customer) mechanism to verify user identity, helping to increase security and transparency within the ecosystem.

According to the announcement, Pi Network has achieved over 10.14 million Mainnet migrations and has more than 19 million users who have completed identity verification. This Open Network phase will help Pi expand its connectivity with external blockchain systems, enabling users to participate in transactions outside its ecosystem.

Cryptocurrency is causing controversy with many conflicting opinions .​​​​​​​​​

Since its launch, Pi Network has generated mixed opinions within the crypto community. Some believe the project has potential and is on the right track, while others are skeptical about the viability of Pi and concerned about its operating model.

However, the large number of Pi owners remains an undeniable fact. This Open Network event will mark a significant milestone in the development of the Pi ecosystem and could bring about substantial changes to the market.

This Open Network event will mark a significant milestone in the development of the Pi ecosystem.

With the exchange open , the impact on the market remains an unknown .​​​​​

Besides the Open Network event, another noteworthy piece of information is that the Pi cryptocurrency is expected to be listed on the Bitget exchange on February 20th, one of the exchanges with over 70 million global users. This event could have a significant impact on the market, but the final outcome remains unpredictable.

Some investors believe that Pi's listing on exchanges will create a surge in trading activity, while others worry about the possibility of a sharp sell-off as long-term Pi holders seek to take profits. Either way, this is a crucial moment for Pi Network and could create significant volatility in the cryptocurrency market.

Advice for investors​​​​​​

The listing on Bitget and the move to the Open Network are major milestones for Pi Network, but investors should exercise caution before engaging in transactions. Cryptocurrency is a high-risk market, and the value of Pi is still uncertain. Investors should conduct thorough research before deciding to participate, avoid investing based on herd mentality, and only invest funds they can afford to risk.

Source: https://baoquocte.vn/pi-network-chuan-bi-buoc-vao-giai-doan-open-network-304898.html