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Network Announcement: Pi’s Open Network Plan
We are pleased to announce that we intend to go to the Open Network period of Mainnet in the year of 2024, if the following three conditions are met! There is no specific date set. These three essential conditions depend on the collective efforts of Pioneers, community developers, and the Core Team, in addition to uncontrollable external factors.
Such conditions are based on Pi Network’s long-term objectives and strategies, and take into consideration the feasibility of their accomplishments within the year of 2024.
Conditions for having Open Network in 2024
Condition 1: Finish any Open Network preparation work in technology, product, business and legal following the consistent strategies of Pi Network.
Most technical and product milestones of such preparation work are listed under different projects in the V2 Roadmap also released today, except for work in the business and legal side. The V2 Roadmap also excludes some technical and product milestones due to security reasons or because they relate to stealth projects that are meant to be published later. The V2 Roadmap released today will be further supplemented and polished later, and the status of milestones (i.e., whether they are in History, In Progress or in Future Pipeline) will also continuously be updated throughout the year. The work to achieve this condition will be primarily done by the Core Team. As of now, we are on track to fulfill Condition 1.
Condition 2: Achieve the following goals in network KYC, migration and utility creation.
This condition is consistent with the Enclosed Network objectives from the updated Roadmap chapter of the Pi Whitepaper published in December 2021, such as reaching critical mass of KYC identity-verified Pioneers on the Mainnet blockchain and having diverse utilities of the Pi cryptocurrency in the Pi ecosystem. These objectives are paramount to the success of the Open Network and ecosystem in line with Pi’s vision to build the world’s most inclusive peer-to-peer ecosystem and online experience, fueled by Pi. The targeted milestones below help specify what these Enclosed Network goals mean in concrete terms (per our community’s request), while considering the feasibility for the community to achieve them within the year of 2024.
The specific targets for meeting this Open Network condition are as follows:
KYC and Migration
15 million Pioneers have passed KYC including fully and tentatively KYC’ed; and10 million Pioneers have migrated to the Mainnet.
Utility
100 real Pi apps that (1) are on the Mainnet or are Mainnet-ready, (2) comply with the Pi platform policies, (3) solve a true need and bring utility to the Pi ecosystem, and (4) are a distinct application (i.e., not simply an unmodified clone of the demo app or another Pi app).
As reference, the current data about the above variables are 8 million KYC’ed Pioneers including fully and tentatively KYC’ed, 3.9 million migrated, and about 40 real Pi apps that we preliminarily deemed as meeting the standards above, although there are many more Pi apps on the Testnet or fulfilling a subset of the standards above which can be improved to qualify during the year.
This condition will be primarily driven by the decentralized efforts of the community with the Core Team’s support. While the Core Team will continue to provide technical and product support, to meet the KYC and migration goals will require the community to mobilize itself through decentralized efforts to have more Pioneers join, re-engage, apply, validate and pass in the KYC process, and complete their Mainnet Checklist to migrate. The utility goals rely on community developers to build and launch Pi apps following the Pi policies with the technical, product, design, program and mentorship support of the Core team.
Condition 3: The absence of an unfavorable external environment which would hinder the success of Open Network.
In short, world events affect currencies, and Pi is no different. While we do not control what happens in the world, we do control our launch and will not jeopardize the community’s hard work and dedication with a reckless move to Open Network.
The timing of Open Network will need to incorporate these global factors that are beyond the control of the Core Team or the Pioneer community. These factors include macroeconomic crises, unfavorable legal or regulatory developments, industry uncertainties, pandemics, wars, or any number of unpredictable, uncontrollable, and/or unforeseeable external factors inhospitable to the launch of Open Network.
These three conditions will help determine the timing of the Open Network. We hope the network can achieve them in the year of 2024, with our decentralized efforts and with the absence of unfavorable uncontrollable external factors. If such conditions are not met, then Open Network may be delayed to ensure a more successful transition for all Pioneers. All in all, the decision on Open Network’s launch and its timing will be made to best serve Pi’s vision, the community and the network.
We know that this announcement will be met with jubilation and excitement within the Pi community, and we hope that each Pioneer takes it upon themselves to help achieve the above goals.
We wish that all Pioneers enjoy a wonderful end of the year holiday season, and use this information to truly engage with Pi and our community to work towards the Open Network in 2024!
Below are some important Q&As for this announcement.
Is there a guarantee that Open Network will happen in 2024?
No, there is no such guarantee. However, this announcement shares the true plan and the process that the Core Team has for the Open Network move. It also sheds light on more specific conditions and milestones for us to achieve Open Network, and who and what are the primary drivers behind these conditions and milestones. Clear distribution of responsibility guides productive execution. As explained above, it depends on the collective efforts of the Core Team, community developers, and Pioneers to push us through. Even if the Core Team and Pioneers were to fulfill two of the conditions, the uncontrollable and unpredictable environmental factors (i.e., the third condition) can still possibly force the network to stay in the Enclosed Network period and continue to build, adjusting to the new global realities.
How can the Pioneer community contribute to our progress towards Open Network?
The Open Network move in 2024 depends on YOU, especially goals listed in Condition 2. Pioneer contributions are critical to both KYC/Mainnet Migration and utilities goals. For KYC, you can (1) first complete your KYC application and Mainnet Checklist, (2) validate available KYC applications after you pass your KYC, and (3) invite your Security Circle, Referral Team, as well as your colleagues, friends, and family or anyone to complete their KYC applications and finish the Mainnet Checklist.
For utilities, if you are a developer, (1) you can build a Pi App for this community of tens of millions of Pioneers from a variety of possible use cases without any prior blockchain experience. If you are not a developer, (2) you can invite developers from your personal and professional network to create a Pi App under our Developer Ambassador program and receive a reward of 1000 Pi. Utilities are not just created, but also used. Therefore, whether or not you are a developer, (3) you can support the network utility goals by (a) using Pi Apps on the Pi Browser, (b) sharing Pi Apps content to the world via PiNet, and even (c) using your Pi in your local businesses.
Why are the KYC and migration goals achievable by and primarily dependent on the community?
The overarching crucial fact is that almost all Pioneers are eligible to apply for KYC and the majority of all applications can pass KYC within a short amount of time. So with a growing community of over 47 million members, these targets of 15 million KYC passed and 10 million migrated should be achievable. While the Core Team’s support work for Condition 2 will continue to focus on resolving the corner-case applications that are stuck in the KYC process, we need to recognize a network-level fact that the long tail of corner cases will not be the biggest driver in achieving the target numbers of KYC and migration. These KYC and Mainnet migration milestones in Condition 2 will primarily rely on the community to mobilize itself through decentralized efforts to have more Pioneers join, apply, validate and pass in the KYC process and complete the Mainnet checklist to migrate.
What is the purpose of KYC and why is there a delay for some accounts?
As communicated in the 2021 December Whitepaper and many KYC announcements (such as 1, 2, 3), the purpose of the KYC is to ensure the integrity of the network by preventing fake accounts, policy violators and bad actors from going through while allowing honest miners to pass, and to comply with laws such as anti-money laundering regulations by preventing sanctioned accounts from passing. In making such determination of accounts, there will be additional scrutiny and checks on a small minority of applications that will inevitably increase their processing time to ensure fair and accurate results as much as possible. Such accounts that need extra checks are not necessarily fake accounts, policy violators or bad actors, but the determination of such may be more difficult than usual and thus take extra time. Resolving the corner cases in KYC applications to allow honest Pioneers to pass and migrate will be a major focus of the Core Team in 2024. This will include providing information and next steps for stuck applications to take and informing applicants of any rejections.
What types of Pi Apps do not count as “real” apps for the utility goals in Condition 2?
Apps that are simply replicas or instantiations of other Pi apps without a meaningful distinction, violate the Pi policies, do not intend to really engage users, or do not bring utility to the Pi ecosystem are not counted toward the utility goal of 100 real Pi apps. The criteria for what counts as a real Pi app will be further calibrated throughout the year.
What is Open Network?
On December 28, 2021, Pi Network launched its Mainnet blockchain in an enclosed state, meaning that the Mainnet is live but with a firewall that prevents any unwanted external connectivity. Moving to Open Network means that the firewall will be removed, allowing for any external connectivity, e.g., to other networks, wallets, and anyone who wants to connect to the Pi Mainnet blockchain. API calls will not be firewalled, and Pioneers will be able to run their own Mainnet Pi Nodes and API services. Read the updated Roadmap chapter of the 2021 December Whitepaper to learn more.
How can we know the progress toward the Open Network goal in 2024?
In 2024, the Core Team will continuously provide updates on the network’s progress under Conditions 1 and 2 through the Roadmap itself and/or announcements. This way, Pioneers as well as the Core Team can check on our collective progress, assess where the gaps lie, and focus our efforts accordingly to accomplish our collective goal of Open Network transition in the year 2024.
Such conditions are based on Pi Network’s long-term objectives and strategies, and take into consideration the feasibility of their accomplishments within the year of 2024.
Conditions for having Open Network in 2024
Condition 1: Finish any Open Network preparation work in technology, product, business and legal following the consistent strategies of Pi Network.
Most technical and product milestones of such preparation work are listed under different projects in the V2 Roadmap also released today, except for work in the business and legal side. The V2 Roadmap also excludes some technical and product milestones due to security reasons or because they relate to stealth projects that are meant to be published later. The V2 Roadmap released today will be further supplemented and polished later, and the status of milestones (i.e., whether they are in History, In Progress or in Future Pipeline) will also continuously be updated throughout the year. The work to achieve this condition will be primarily done by the Core Team. As of now, we are on track to fulfill Condition 1.
Condition 2: Achieve the following goals in network KYC, migration and utility creation.
This condition is consistent with the Enclosed Network objectives from the updated Roadmap chapter of the Pi Whitepaper published in December 2021, such as reaching critical mass of KYC identity-verified Pioneers on the Mainnet blockchain and having diverse utilities of the Pi cryptocurrency in the Pi ecosystem. These objectives are paramount to the success of the Open Network and ecosystem in line with Pi’s vision to build the world’s most inclusive peer-to-peer ecosystem and online experience, fueled by Pi. The targeted milestones below help specify what these Enclosed Network goals mean in concrete terms (per our community’s request), while considering the feasibility for the community to achieve them within the year of 2024.
The specific targets for meeting this Open Network condition are as follows:
KYC and Migration
15 million Pioneers have passed KYC including fully and tentatively KYC’ed; and10 million Pioneers have migrated to the Mainnet.
Utility
100 real Pi apps that (1) are on the Mainnet or are Mainnet-ready, (2) comply with the Pi platform policies, (3) solve a true need and bring utility to the Pi ecosystem, and (4) are a distinct application (i.e., not simply an unmodified clone of the demo app or another Pi app).
As reference, the current data about the above variables are 8 million KYC’ed Pioneers including fully and tentatively KYC’ed, 3.9 million migrated, and about 40 real Pi apps that we preliminarily deemed as meeting the standards above, although there are many more Pi apps on the Testnet or fulfilling a subset of the standards above which can be improved to qualify during the year.
This condition will be primarily driven by the decentralized efforts of the community with the Core Team’s support. While the Core Team will continue to provide technical and product support, to meet the KYC and migration goals will require the community to mobilize itself through decentralized efforts to have more Pioneers join, re-engage, apply, validate and pass in the KYC process, and complete their Mainnet Checklist to migrate. The utility goals rely on community developers to build and launch Pi apps following the Pi policies with the technical, product, design, program and mentorship support of the Core team.
Condition 3: The absence of an unfavorable external environment which would hinder the success of Open Network.
In short, world events affect currencies, and Pi is no different. While we do not control what happens in the world, we do control our launch and will not jeopardize the community’s hard work and dedication with a reckless move to Open Network.
The timing of Open Network will need to incorporate these global factors that are beyond the control of the Core Team or the Pioneer community. These factors include macroeconomic crises, unfavorable legal or regulatory developments, industry uncertainties, pandemics, wars, or any number of unpredictable, uncontrollable, and/or unforeseeable external factors inhospitable to the launch of Open Network.
These three conditions will help determine the timing of the Open Network. We hope the network can achieve them in the year of 2024, with our decentralized efforts and with the absence of unfavorable uncontrollable external factors. If such conditions are not met, then Open Network may be delayed to ensure a more successful transition for all Pioneers. All in all, the decision on Open Network’s launch and its timing will be made to best serve Pi’s vision, the community and the network.
We know that this announcement will be met with jubilation and excitement within the Pi community, and we hope that each Pioneer takes it upon themselves to help achieve the above goals.
We wish that all Pioneers enjoy a wonderful end of the year holiday season, and use this information to truly engage with Pi and our community to work towards the Open Network in 2024!
Below are some important Q&As for this announcement.
Is there a guarantee that Open Network will happen in 2024?
No, there is no such guarantee. However, this announcement shares the true plan and the process that the Core Team has for the Open Network move. It also sheds light on more specific conditions and milestones for us to achieve Open Network, and who and what are the primary drivers behind these conditions and milestones. Clear distribution of responsibility guides productive execution. As explained above, it depends on the collective efforts of the Core Team, community developers, and Pioneers to push us through. Even if the Core Team and Pioneers were to fulfill two of the conditions, the uncontrollable and unpredictable environmental factors (i.e., the third condition) can still possibly force the network to stay in the Enclosed Network period and continue to build, adjusting to the new global realities.
How can the Pioneer community contribute to our progress towards Open Network?
The Open Network move in 2024 depends on YOU, especially goals listed in Condition 2. Pioneer contributions are critical to both KYC/Mainnet Migration and utilities goals. For KYC, you can (1) first complete your KYC application and Mainnet Checklist, (2) validate available KYC applications after you pass your KYC, and (3) invite your Security Circle, Referral Team, as well as your colleagues, friends, and family or anyone to complete their KYC applications and finish the Mainnet Checklist.
For utilities, if you are a developer, (1) you can build a Pi App for this community of tens of millions of Pioneers from a variety of possible use cases without any prior blockchain experience. If you are not a developer, (2) you can invite developers from your personal and professional network to create a Pi App under our Developer Ambassador program and receive a reward of 1000 Pi. Utilities are not just created, but also used. Therefore, whether or not you are a developer, (3) you can support the network utility goals by (a) using Pi Apps on the Pi Browser, (b) sharing Pi Apps content to the world via PiNet, and even (c) using your Pi in your local businesses.
Why are the KYC and migration goals achievable by and primarily dependent on the community?
The overarching crucial fact is that almost all Pioneers are eligible to apply for KYC and the majority of all applications can pass KYC within a short amount of time. So with a growing community of over 47 million members, these targets of 15 million KYC passed and 10 million migrated should be achievable. While the Core Team’s support work for Condition 2 will continue to focus on resolving the corner-case applications that are stuck in the KYC process, we need to recognize a network-level fact that the long tail of corner cases will not be the biggest driver in achieving the target numbers of KYC and migration. These KYC and Mainnet migration milestones in Condition 2 will primarily rely on the community to mobilize itself through decentralized efforts to have more Pioneers join, apply, validate and pass in the KYC process and complete the Mainnet checklist to migrate.
What is the purpose of KYC and why is there a delay for some accounts?
As communicated in the 2021 December Whitepaper and many KYC announcements (such as 1, 2, 3), the purpose of the KYC is to ensure the integrity of the network by preventing fake accounts, policy violators and bad actors from going through while allowing honest miners to pass, and to comply with laws such as anti-money laundering regulations by preventing sanctioned accounts from passing. In making such determination of accounts, there will be additional scrutiny and checks on a small minority of applications that will inevitably increase their processing time to ensure fair and accurate results as much as possible. Such accounts that need extra checks are not necessarily fake accounts, policy violators or bad actors, but the determination of such may be more difficult than usual and thus take extra time. Resolving the corner cases in KYC applications to allow honest Pioneers to pass and migrate will be a major focus of the Core Team in 2024. This will include providing information and next steps for stuck applications to take and informing applicants of any rejections.
What types of Pi Apps do not count as “real” apps for the utility goals in Condition 2?
Apps that are simply replicas or instantiations of other Pi apps without a meaningful distinction, violate the Pi policies, do not intend to really engage users, or do not bring utility to the Pi ecosystem are not counted toward the utility goal of 100 real Pi apps. The criteria for what counts as a real Pi app will be further calibrated throughout the year.
What is Open Network?
On December 28, 2021, Pi Network launched its Mainnet blockchain in an enclosed state, meaning that the Mainnet is live but with a firewall that prevents any unwanted external connectivity. Moving to Open Network means that the firewall will be removed, allowing for any external connectivity, e.g., to other networks, wallets, and anyone who wants to connect to the Pi Mainnet blockchain. API calls will not be firewalled, and Pioneers will be able to run their own Mainnet Pi Nodes and API services. Read the updated Roadmap chapter of the 2021 December Whitepaper to learn more.
How can we know the progress toward the Open Network goal in 2024?
In 2024, the Core Team will continuously provide updates on the network’s progress under Conditions 1 and 2 through the Roadmap itself and/or announcements. This way, Pioneers as well as the Core Team can check on our collective progress, assess where the gaps lie, and focus our efforts accordingly to accomplish our collective goal of Open Network transition in the year 2024.
Pi Day 2024: The Pi Ecosystem Coming Together
Pi Day 2024 marks the 5th official anniversary of the network and comes at a pivotal time when we’re preparing for Open Network.
Today we’re proud to be announcing new products and exploring how our collective work is building out Pi Network’s ecosystem vision. We’ll also share the network progress—such as in KYC, migration, Pi Node, ecosystem infrastructure and programs—towards the Open Network conditions laid out in the Open Network plan released on December 27, 2023, including a new Race to 10 million KYC event where you can share your KYC success to encourage more community efforts in achieving the Open Network milestones and help other Pioneers get KYC’ed!
Pi Day 2024 image
Ultimately, we know that creating a strong ecosystem that supports and works for our community and the world is essential. To meet this end, Pi has been nurturing an identity-verified and inclusive Web3 ecosystem designed to be user-friendly and accessible with abundant apps and utilities for Pioneers and more to engage with. Before Open Network, we, the community as a whole, need to provide the utilities that Pioneers need in the ecosystem and make it engaging and useful for non-Pioneers as well, and we’re proud to share that we’re making progress in those fields aligned with our timelines.
For just one example of how these utilities strengthen the network, we can highlight the now completed Pi Browser – PiNet loop: the Pi Browser, as the interface of the Pi ecosystem and utilities, is opened up by PiNet to the external world where non Pioneers are able to view and interact with Pi apps, and potentially join the network as new Pioneers. With new products released this week, this completed user journey loop can help 1) open up the Pi ecosystem to the outside world, gradually moving from an enclosed state to an open state starting from the utilities aspect, 2) grow the network further, increasing our collective resources that can boost all Open Network milestones laid out in the Open Network plan, and 3) further reinforce utility creation and ecosystem building at Pi by providing utility-based entry in addition to our traditional mining-based entry into the network.
Specifically, to complete the Pi Browser – PiNet loop, we released important products recently that allow seamless user experience of the Pi ecosystem that starts from seeing a specific Pi app page shared by Pioneers via PiNet (new PiNet user journey released), be it a hilarious post or a useful service; to visiting and interacting with that Pi app on pages without login via PiNet (Pi Ad Network released to facilitate Pi app developers to build more intriguing and useful apps), then to taking actions that require Pi Browser (new Pi Browser released recently) such as for using Pi Wallet or Pi KYC; and later to mining and contributing to the network. While mining, more Pi ecosystem content will be visible in the mining app (new content feed released in mining app piloting Fireside Forum content first) that can spur Pioneers to share again through PiNet, completing and repeating the loop. The completed Pi Browser – PiNet loop is designed to provide utility, access, and ease for the community––which, in turn, will promote more activities, more Pioneers, more collective resources and more utilities.
Today we’re proud to be announcing new products and exploring how our collective work is building out Pi Network’s ecosystem vision. We’ll also share the network progress—such as in KYC, migration, Pi Node, ecosystem infrastructure and programs—towards the Open Network conditions laid out in the Open Network plan released on December 27, 2023, including a new Race to 10 million KYC event where you can share your KYC success to encourage more community efforts in achieving the Open Network milestones and help other Pioneers get KYC’ed!
Pi Day 2024 image
Ultimately, we know that creating a strong ecosystem that supports and works for our community and the world is essential. To meet this end, Pi has been nurturing an identity-verified and inclusive Web3 ecosystem designed to be user-friendly and accessible with abundant apps and utilities for Pioneers and more to engage with. Before Open Network, we, the community as a whole, need to provide the utilities that Pioneers need in the ecosystem and make it engaging and useful for non-Pioneers as well, and we’re proud to share that we’re making progress in those fields aligned with our timelines.
For just one example of how these utilities strengthen the network, we can highlight the now completed Pi Browser – PiNet loop: the Pi Browser, as the interface of the Pi ecosystem and utilities, is opened up by PiNet to the external world where non Pioneers are able to view and interact with Pi apps, and potentially join the network as new Pioneers. With new products released this week, this completed user journey loop can help 1) open up the Pi ecosystem to the outside world, gradually moving from an enclosed state to an open state starting from the utilities aspect, 2) grow the network further, increasing our collective resources that can boost all Open Network milestones laid out in the Open Network plan, and 3) further reinforce utility creation and ecosystem building at Pi by providing utility-based entry in addition to our traditional mining-based entry into the network.
Specifically, to complete the Pi Browser – PiNet loop, we released important products recently that allow seamless user experience of the Pi ecosystem that starts from seeing a specific Pi app page shared by Pioneers via PiNet (new PiNet user journey released), be it a hilarious post or a useful service; to visiting and interacting with that Pi app on pages without login via PiNet (Pi Ad Network released to facilitate Pi app developers to build more intriguing and useful apps), then to taking actions that require Pi Browser (new Pi Browser released recently) such as for using Pi Wallet or Pi KYC; and later to mining and contributing to the network. While mining, more Pi ecosystem content will be visible in the mining app (new content feed released in mining app piloting Fireside Forum content first) that can spur Pioneers to share again through PiNet, completing and repeating the loop. The completed Pi Browser – PiNet loop is designed to provide utility, access, and ease for the community––which, in turn, will promote more activities, more Pioneers, more collective resources and more utilities.
Building utilities at the platform level of Pi Coin
Pi Coin stands at the forefront of the cryptocurrency revolution, not only for its unique approach to mobile mining or its massive community, but also for its deep commitment to creating practical utilities within its ecosystem.
The network pioneered expanding universal access to cryptocurrency with a simple, yet powerful, unconventional invention of mobile mining. What followed is a growing community of over 47 million engaged members. Along with accessibility, utility is another cornerstone purpose of the network. Accessibility answers the question, “How can people around the world irrespective of their economic circumstances and knowledge barriers gain access to the cryptocurrency revolution by actually owning it?” Utility answers the question, “How can cryptocurrency actually make a positive change in the lives of everyday people?” Or “What can cryptocurrency be used for in addition to trading and financial purposes?”
The network has created several forms of utilities. You may be familiar with the Fireside Forum app that uses Pi for decentralized content creation, curation, and moderation; the Staked DM feature in the Chat app that uses Pi for peer-to-peer connections; the wallet app used for direct payment of Pi for goods and services locally; the KYC app that uses Pi to crowdsource essential validation work in the community; or with many of the apps created by Pi community developers with compelling use cases for the Pi cryptocurrency (see, for example, our past Hackathon announcements such as 1 and 2). Apps enrich our lives in many ways and create diverse utilities for the network through innovative integration of Pi cryptocurrency.
What are Platform-level Utilities?
Apps are, however, not the only source of utilities creation. There is substantial scope for creating utilities at the level of the Pi platform as well. This scope hinges on some of the unique collective resources of this cryptocurrency network, including but not limited to the following:
The size and engagement of our communityOur collective attentionOur verified digital identityOur large distributed network of computer nodes
At a given point in time, there will be one person or another engaging in one activity or another on the platform. The diversity of these activities has the potential to create diverse utilities for the Pi cryptocurrency. However, if we take stock of our collective resources (i.e., our presence and activities as a whole), how can we translate them into network-wide utilities of Pi that every Pioneer holds?
This question is key for the creation of utilities on the platform level. On each of the collective resources that the Pi community possesses, it is possible to design and create the utility of Pi. For example, Pi cryptocurrency can be potentially used to access the abundant attention resource of a massive, engaged community in a diverse ecosystem, or to plug services that involve ownership or require human authenticity into a large crypto-enabled, KYC’ed network of humans worldwide—which will especially be a common need in a future world where AI is pervasive—or to deploy software products that require huge, reliable computing power of a distributed system, etc. Pi’s collective resources listed above lend themselves to utility creation on a platform level that will ultimately benefit all Pioneers, because such true utilities will seek to address real human and evolving societal and technological needs and will create organic demand for Pi that every Pioneer holds.
The platform-level utility of Pi is what the Core Team has been envisioning, researching, designing and building, in addition to the app-level utility creation through the various Core Team apps or enabling community developers to build apps.
An Early Instantiation of Platform-level Utility on Pi
The Roadmap v2 released in December 2023 lists under the Developer Platform and Tools section a stealth project about a utility feature on the platform level, undertaken by the Pi Core Team, currently being designed and tested in stealth mode. This project is an early instantiation designed to leverage some of the collective network resources following the theories and directions on utility creation explained in this announcement. It has the potential to enhance the overall utility of the Pi cryptocurrency, as well as facilitate the sustainability of Pi Apps in our ecosystem.
Stay Tuned
We will be back with further information to unveil the specifics of this project in the near future. Until then, happy mining, and a heartful shoutout to all in the community to help propel us to Open Network by meeting our KYC and utility goals.
The network pioneered expanding universal access to cryptocurrency with a simple, yet powerful, unconventional invention of mobile mining. What followed is a growing community of over 47 million engaged members. Along with accessibility, utility is another cornerstone purpose of the network. Accessibility answers the question, “How can people around the world irrespective of their economic circumstances and knowledge barriers gain access to the cryptocurrency revolution by actually owning it?” Utility answers the question, “How can cryptocurrency actually make a positive change in the lives of everyday people?” Or “What can cryptocurrency be used for in addition to trading and financial purposes?”
The network has created several forms of utilities. You may be familiar with the Fireside Forum app that uses Pi for decentralized content creation, curation, and moderation; the Staked DM feature in the Chat app that uses Pi for peer-to-peer connections; the wallet app used for direct payment of Pi for goods and services locally; the KYC app that uses Pi to crowdsource essential validation work in the community; or with many of the apps created by Pi community developers with compelling use cases for the Pi cryptocurrency (see, for example, our past Hackathon announcements such as 1 and 2). Apps enrich our lives in many ways and create diverse utilities for the network through innovative integration of Pi cryptocurrency.
What are Platform-level Utilities?
Apps are, however, not the only source of utilities creation. There is substantial scope for creating utilities at the level of the Pi platform as well. This scope hinges on some of the unique collective resources of this cryptocurrency network, including but not limited to the following:
The size and engagement of our communityOur collective attentionOur verified digital identityOur large distributed network of computer nodes
At a given point in time, there will be one person or another engaging in one activity or another on the platform. The diversity of these activities has the potential to create diverse utilities for the Pi cryptocurrency. However, if we take stock of our collective resources (i.e., our presence and activities as a whole), how can we translate them into network-wide utilities of Pi that every Pioneer holds?
This question is key for the creation of utilities on the platform level. On each of the collective resources that the Pi community possesses, it is possible to design and create the utility of Pi. For example, Pi cryptocurrency can be potentially used to access the abundant attention resource of a massive, engaged community in a diverse ecosystem, or to plug services that involve ownership or require human authenticity into a large crypto-enabled, KYC’ed network of humans worldwide—which will especially be a common need in a future world where AI is pervasive—or to deploy software products that require huge, reliable computing power of a distributed system, etc. Pi’s collective resources listed above lend themselves to utility creation on a platform level that will ultimately benefit all Pioneers, because such true utilities will seek to address real human and evolving societal and technological needs and will create organic demand for Pi that every Pioneer holds.
The platform-level utility of Pi is what the Core Team has been envisioning, researching, designing and building, in addition to the app-level utility creation through the various Core Team apps or enabling community developers to build apps.
An Early Instantiation of Platform-level Utility on Pi
The Roadmap v2 released in December 2023 lists under the Developer Platform and Tools section a stealth project about a utility feature on the platform level, undertaken by the Pi Core Team, currently being designed and tested in stealth mode. This project is an early instantiation designed to leverage some of the collective network resources following the theories and directions on utility creation explained in this announcement. It has the potential to enhance the overall utility of the Pi cryptocurrency, as well as facilitate the sustainability of Pi Apps in our ecosystem.
Stay Tuned
We will be back with further information to unveil the specifics of this project in the near future. Until then, happy mining, and a heartful shoutout to all in the community to help propel us to Open Network by meeting our KYC and utility goals.
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