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; and
10 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!
Thanks All of Pi Announcements Members and Pi Network members
