Pi Network is about to enter the Open Network phase

On February 20, Pi Network - one of the controversial cryptocurrency platforms - will officially enter the Open Network phase, opening an important step after more than 6 years of operation.

This announcement was made by the Pi Network development team on the morning of February 12, stating that the system will officially switch to the Mainnet Open Network at 8:00 UTC (15:00, Hanoi time).

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

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

According to the announcement, Pi Network has reached more than 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, facilitating users to participate in transactions outside its ecosystem.

Cryptocurrency is controversial with many mixed opinions .​​​​​​​​​​

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

However, the large number of Pi owners is still an undeniable fact. This Open Network event will mark an important milestone in the development of the Pi ecosystem and can create significant changes for the market.

This Open Network event will mark an important milestone in the development of the Pi ecosystem.

The trading floor is open , the impact on the market is still unknown .​​​​

Besides the Open Network event, another notable news is that Pi is expected to be listed on Bitget exchange on February 20, one of the exchanges with more than 70 million global users. This event can have many impacts on the market, but the final result is still unpredictable.

Some investors believe that Pi’s listing will create a wave of trading activity, while others are concerned about the possibility of a sharp sell-off as long-time Pi holders look to take profits. Regardless, this is an important moment for Pi Network and could create significant volatility in the cryptocurrency market.

Advice for investors​​​​​​

The Bitget listing and the move to Open Network are major milestones for Pi Network, but investors should be cautious before trading. Cryptocurrency is a risky market, and the value of Pi is still unclear. Investors should do their research before deciding to participate, avoid investing in the crowd, and only use funds that are acceptable for risk.

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