Pi Network Advances Toward Open Network with Over 12 Million KYC'd Global Users

• Pi Network reports over 12 million users have completed KYC, with 5.79 million transitioning to the Mainnet, progressing towards its 2024 Open Network goal.
• Pi Network now has 70 real apps Mainnet-ready, as it aims for a strategic launch amidst global uncertainties.

Web3 application ecosystem and developer platform, Pi Network, announced on June 28 that over 12 million users have completed identity verification using its Pi Know Your Customer (KYC) system.

Additionally, 5.79 million people have transitioned to the Mainnet, and there are over 70 Mainnet or Mainnet-ready Pi apps that solve a true need by delivering further utility to the Pi ecosystem.

“Our path to Open Network relies on the collective efforts of the global Pi community,” said Dr. Chengdiao Fan, a Pi Founder and Head of Product. “Together, the Core Team, community developers and Pioneers everywhere are working collaboratively to reach Open Network in 2024 and we're pleased to say that we remain on track due to the incredible contributions and innovations from our community.”

Pi Network has postponed its mainnet launch several times, primarily due to the need to complete KYC (Know Your Customer) processes. These delays have caused the project to lose both users and credibility. 

In December last year, Pi Network outlined a plan to enter the Open Network phase of the Mainnet in 2024, contingent on meeting several criteria: achieving 15 million KYCed users (Pioneers), migrating 10 million people to the Mainnet, developing 100 real Pi apps that are ready or already on the Mainnet, making continuous technical and product updates by the Core Team, and avoiding any major global external crises.

Additionally, the Pi Network, in its recent announcement also stated that it controls the Open Network launch date. And this control allows the network to avoid launching during global events that could negatively impact the crypto and traditional business sectors.

Although it currently does not foresee any disruptive events, it is committed to monitoring the situation closely and timing its launch to achieve the best outcomes for the network.

Edited by Harshajit Sarmah