Pi Network’s Open Mainnet: Will year 2025 be the Big Launch

The Pi Network community is buzzing with anticipation for the launch of the Open Mainnet, which aims to establish Pi as a fully decentralized, user-driven cryptocurrency. As we near the end of Q3 2024, the pressing question is: will 2025 be the year Pi finally achieves this significant milestone?

Recent communications from the Pi Core Team have sparked lively discussions, particularly concerning the slow pace of migrations. Initially hoped to accelerate, the migration process has fallen short of expectations.

In June 2024, the Pi Core Team highlighted the critical role of the mainnet node software in facilitating the transition to Open Mainnet. However, progress has been slower than many anticipated. In the last 75 days, only 400,000 new migrations occurred, bringing the total to 6.2 million—far below the 10 million that many projected by this point.

Despite this slow uptake, Pi developers are not hurrying the process. Their focus remains on establishing a solid foundation, with careful testing of the mainnet node software considered essential for the Open Mainnet’s success. Given this methodical approach, it’s unlikely they will expedite development anytime soon.

A major hurdle still facing the Pi Network is governance. The community is eagerly awaiting the expansion of Chapter 3 of the whitepaper, which is expected to address critical topics such as governance structure, token supply, and decentralization. Without clarity on these issues, advancing to Open Mainnet could be challenging.

Nonetheless, there is a growing sense of optimism that Pi Network could realistically launch its Open Mainnet in 2025. With Pi Day (March 14th) serving as a symbolic date, some community members hope that the Pi Core Team will make a significant announcement by December 2024, paving the way for a potential launch on Pi Day.

While challenges remain, the future appears promising for Pi Network as it navigates its path toward decentralization.