Pi Network, a blockchain-based platform, has announced its official transition to the open network phase on February 20, 2025, at 8:00 AM Coordinated Universal Time. This transition means that the digital currency "Pi" (Pi) will become freely tradable in financial markets after years of operating within a closed system.

This development comes after the platform has achieved several milestones, most notably exceeding the number of verified users through the 'Know Your Customer' process (KYC) 19 million users. The network has also successfully migrated more than 10.14 million users to the mainnet, surpassing the initial target of 10 million.
As the launch date approaches, some legal warnings have emerged from experts regarding the nature of Pi Network operations, especially concerning the referral-based mining system and the possibility of legal risks in some regions with strict laws against pyramid schemes.
In addition, the price of Pi currency has been confirmed at $314, reflecting its symbolic value inspired by the mathematical constant "π". It has also been announced the possibility of linking bank accounts to Pi wallet, facilitating trading operations and enhancing the currency liquidity in financial markets.
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