TLDR
- Pi Network marks one year since Open Network launch on February 20.
- Pi coin trades near $0.17 to $0.18 after recent volatility.
- Over 16 million users migrated to Mainnet through KYC.
- Founders outline ecosystem tokens, KYC service, and AI plans.
Pi Network marked the first anniversary of its Open Network on February 20 with a new strategy update. The founders outlined the next phase as Pi coin traded near $0.17 to $0.18.
The anniversary message focused on long term ecosystem development rather than short term price movement. The update comes as more than 16 million users have migrated to Mainnet through KYC verification.
One Year After Open Network Launch
The launch of Open Network marked a shift from a closed system to broader blockchain connectivity. It allowed external transactions and expanded utility across the network.
Over the past year, the network worked on infrastructure stability and governance. The founders said the focus remained on disciplined execution and system resilience.
Happy first anniversary of Open Network!
To celebrate this milestone, Pi Founders Chengdiao Fan and Nicolas Kokkalis dive deeper into Pi’s strategy, approach, and current work since Open Network—while also providing greater visibility into the direction and priorities guiding…
— Pi Network (@PiCoreTeam) February 20, 2026
In a video shared by the core team, Chengdiao Fan and Nicolas Kokkalis reviewed the progress since launch. They described the anniversary as a milestone for the project’s long term path.
The transition tested scalability as user migration increased. It also required improved compliance processes through Know Your Customer checks.
Ecosystem Tokens and Mainnet Design
A central topic in the anniversary update was ecosystem token design on Mainnet. The founders said token models are being structured to support utility within applications.
They explained that ecosystem tokens aim to encourage participation and network activity. The structure is intended to align incentives among developers and users.
The Mainnet now includes millions of verified users. This user base provides a foundation for app development and token usage.
The founders noted that future work will refine how tokens function within decentralized applications. They also said governance mechanisms will evolve alongside usage growth.
Expansion of KYC as a Service
KYC remains a core part of the network’s framework. More than 16 million users have completed migration to Mainnet through verification.
The founders introduced plans for “KYC as a service.” This approach may allow identity verification tools to support other ecosystems.
They said compliance tools are necessary for long term stability. Identity checks also support security and reduce fraudulent activity.
KYC processes were scaled during the Open Network year. The system handled large volumes of applications across multiple regions.
The team stated that improving automation and review systems remains a priority. These steps aim to maintain efficiency as the network expands.
Integration of Artificial Intelligence
Artificial intelligence was another theme in the anniversary discussion. The founders said AI tools may support infrastructure and ecosystem growth.
They described AI as part of the broader digital economy strategy. AI systems could assist in data management and application services.
The network plans to explore AI use cases within its platform. These efforts are tied to developer tools and user engagement features.
The founders said the next phase will combine ecosystem tokens, KYC services, and AI support. They added that progress will depend on steady technical development.
As Pi Network enters its second year of Open Network operations, the focus remains on infrastructure and utility. The project continues to position itself within the wider crypto and Web3 sector while maintaining measured growth.
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