Open Network is the stage where Pi Coin can be used outside the Pi Network ecosystem, including for transactions on exchanges or other platforms that support it. Previously, in the Enclosed Mainnet phase, users could only use Pi within the internal ecosystem such as the Pi Browser and affiliated applications.

What Should Traders Prepare?

1. Ensure KYC Pass and Migration to Mainnet
   Before being able to fully utilize the Open Network, the first step is to ensure that the Pi account has passed KYC (Know Your Customer) verification. Without this process, Pi balances cannot be migrated to the Mainnet and cannot be used in transactions.
   According to a report by Berita Bulukumba, the last deadline to complete KYC and migration to Mainnet is February 28, 2025. Therefore, make sure your account is verified so that you can participate immediately after the Open Network opens.
   
   
2. Check Pi Network Account Security
   In addition to completing KYC, maintaining account security is also very important, especially ahead of the transition to the Open Network. Pi Network's core team has warned users to beware of the increased potential for fraud and phishing ahead of Open Network.
   
   
3. Monitoring Exchanges and Potential Listings
   Currently, Pi Coin has not been listed on any major crypto exchange, but speculation about a possible listing is growing. Traders should stay tuned to news from official sources to know when and where Pi Coin could start trading.
   
   
4. Use Pi Coin within the Official Ecosystem
   As part of the Open Network transition, Pi Network has released 20 Mainnet-based applications that can be accessed through the Pi Browser. These apps allow users to use Pi in a variety of real-world services and transactions.
   
   
5. Understand the Risks in Open Network
   While Open Network provides more flexibility, there are also potential risks to be aware of, including: price fluctuations, fraud or pump and dump schemes, and unclear regulations.

Conclusion

The launch of Open Network Pi on February 20, 2025 is a big step for the Pi Network ecosystem and its users. For traders, this is an opportunity to utilize Pi assets more widely, but it must also be balanced with a thorough understanding of risks and preparedness.
To avoid being left behind in this transition, be sure to:

1. Complete KYC and migration to Mainnet before February 28, 2025
2. Keep accounts safe from potential fraud
3. Use Pi Coin in authorized applications before trading opens
4. Stay abreast of the latest listing and regulatory news