Introduction

As a new cryptocurrency, Pi Coin has attracted tens of millions of users worldwide since its launch in 2019 with its unique mobile mining model. Pi Network allows every user to mine easily through mobile phones without expensive equipment, through ‘social mining.’ This innovative model has rapidly increased the visibility and user base of Pi Network. However, on February 20, 2025, Pi Network officially launched its Open Mainnet, marking the transition of Pi Coin from a closed ecosystem to a decentralized open network. This article will delve into how this transition will impact the market prospects of Pi Coin.

Image:https://minepi.com/blog/open-network/

What is Pi Coin?

Pi Coin is a cryptocurrency launched by Pi Network. Its innovation lies in the use of the ‘social mining’ model, allowing global users to mine through their mobile phones. Unlike mainstream cryptocurrencies such as Bitcoin and Ethereum, Pi Coin focuses on widespread user participation and decentralization. Pi Network aims to build a global decentralized payment and transaction network through blockchain technology.

The mining process of Pi Coin differs from traditional digital currencies, as it operates through mobile devices without requiring significant power consumption or hardware resources. Pi Network aims to enable broader participation, especially among those who have never engaged with cryptocurrency before, thereby promoting the global adoption of digital currency.

History and Development of Pi Network

Since its launch in 2019, the Pi Network has gone through several key development stages:

• 2019: Pi Network was launched, and users obtained Pi Coin through social mining. The main goal during this period is to expand the user base and increase network participation.
• 2020: Pi Network entered the closed testing phase, optimized the mining algorithm, and ensured the stability and security of the platform.
• 2021: Pi Network launches the Mainnet test version in preparation for the official launch of Open Mainnet.
• February 20, 2025: Pi Network officially launches Open Mainnet, Pi Coin enters the decentralized phase, supporting open trading.

The importance of Pi Network Mainnet open (Open Mainnet)

The launch of Open Mainnet on February 20, 2025 marks a significant turning point for the Pi Network. With the opening of the mainnet, Pi Coin will transition from a closed ecosystem to a more open and decentralized network. Here are several key changes with the mainnet opening:

1. Decentralization: After the Mainnet launch of Pi Network, Pi Coin will no longer rely on a single platform and centralized management, achieving decentralization in the network.
2. Trading Open: Pi Coin will be listed on exchanges worldwide, allowing users to freely buy and sell Pi Coin, greatly enhancing the liquidity of Pi Coin.
3. Enhanced Use Cases: The launch of Open Mainnet makes Pi Coin’s use cases more extensive, especially in areas such as payments and cross-border transactions, and it is expected that Pi Coin will increase its actual utility value.

With the launch of the Open Mainnet, Pi Coin will no longer be a virtual currency limited to the Pi Network, it will be able to freely trade in the global cryptocurrency market, increasing its market influence.

Market performance after the launch of Pi Coin

After the official launch of Pi Coin, the price experienced some fluctuations. In the early stage of the launch, the price of Pi Coin dropped to $0.7, but then quickly rebounded. As of March 17, 2025, its price was around $1.39, with a market capitalization of about $11 billion. Despite the positive market performance, investors still need to trade cautiously and be aware of risks. Click to trade:https://www.gate.io/trade/PI_USDT

Factors affecting the market prospects of Pi Coin

The realization of decentralization: With the launch of Open Mainnet, the decentralization of Pi Coin will make it more competitive, attracting more investors and developers to join the ecosystem. Decentralization not only enhances the transparency and security of the network, but also makes Pi Coin more valuable.

Market Liquidity: Pi Coin can be listed and traded on multiple cryptocurrency exchanges, which will greatly increase its market liquidity and attract more investors and users to participate. With the support of more exchanges, Pi Coin’s market influence will further expand.

Expansion of use cases: Pi Coin can not only be used for payment and transactions, but also can be widely used in applications within the Pi Network. For example, Pi Coin can be used to purchase goods and services, or to perform various functions through Pi applications, further promoting its application in real life.

User and developer participation: Pi Network has attracted a large number of users through social mining, and Pi Network developers are also building various applications to gradually improve the application scenarios of Pi Coin. As these developers continue to drive the development of the ecosystem, the actual value of Pi Coin will gradually be realized.

Conclusion

The launch of Pi Network’s Open Mainnet is not only an important milestone for Pi Coin, but also a crucial step in the development of decentralized blockchain networks. From a closed ecosystem to a decentralized open network, the future of Pi Coin is filled with limitless possibilities. With the expansion of Pi Coin’s open trading and application scenarios, it is poised to carve out a place in the global cryptocurrency market. However, despite the bright prospects of Pi Coin, investors should remain cautious and closely monitor market trends and risk factors. For users of Pi Network and cryptocurrency investors, understanding the launch date of Pi Coin and its impact will help seize market opportunities, drive broader applications, and value growth.