Pi Network: The First Anniversary of the Open Network

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Pi Network: Building an ecosystem of real utility and digital identity

The article recaps the first anniversary of the Pi Network open network  and presents the future vision of the founders, Nicolas Kokkalis and Chengdiao Fan. The project focuses on creating a cryptocurrency with real utility that distances itself from speculative trading and focuses on integration into regular trade and services. Key pillars include its own KYC system, which is used to verify human identity in the digital world and will now be offered as a service to external entities. The developers are emphasizing the interconnection of blockchain with artificial intelligence, where the community can provide data for training models in exchange for rewards. The network plans to further expand its ecosystem through support for applications and innovative tokens, which are primarily intended to serve user acquisition and product development. The overall strategy is focused on long-term sustainability and mass adoption through a large network of verified members and computer nodes.

Video: Celebrate Pi’s Open Network Anniversary with Pi Founders Chengdiao Fan and Nicolas Kokkalis
To celebrate the first anniversary of the Open Network, Pi founders Nicolas Kokkalis and Chengdiao Fan answered a series of questions to offer Pioneers more insight into Pi’s strategy, approach, and current work from Open Network – while also providing a better understanding of the direction and priorities that drive Pi’s future development.
Czech Version: https://pibazar.eu/pi-network-prvni-vyroci-otevrene-site/
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One Year Open Network Anniversary [Infographic]

One Year Open Network Anniversary [Infographic]
One Year Open Network Anniversary [Infographic]

Pi Open Network Anniversary [Infographic]

Pi Open Network Anniversary [Infographic]
Pi Open Network Anniversary [Infographic]

Pi Network after a year: Why is this „non-conformist“ blockchain changing the rules of the game?

The world of cryptocurrencies has found itself in a deep structural identity crisis in recent years. The market is saturated with thousands of tokens whose existence is driven by pure speculation, while their real utility in everyday life remains zero. Most projects focus on how to trade “nothing” more efficiently, leading to a constant disconnect between token design and actual innovation.

In this context, Pi Network comes across as a revelation. The project, which just celebrated its first anniversary as an open network (the Open Network launched on February 20, 2025), has refused to conform to industry-standard patterns from the start. The founders themselves describe Pi as a “non-conformist” project. Instead of chasing instant listings, Pi focuses on building an inclusive ecosystem where digital identity and real production form the foundation of a new digital economy.

Obchodovani n. 1: From trading „nothing“ to real value

While most blockchains address the question „How to trade more efficiently?“, Pi Network asks a much more fundamental question: „What should be traded?“. The network’s philosophy is based on the belief that DeFi mechanisms (liquidity, AMM) only make sense if they are backed by real production and services.

Integrating cryptocurrencies into local business processes, e-commerce, and social applications is a „harder path“ that most projects are reluctant to take. However, without mapping tokens to real goods and services, Web3 will never overcome its own limits. If a token does not reflect anything tangible, it remains just an empty container for volatility.

“Solving utility for real products and services is a much harder path that requires more perseverance, but it is the only path that leads to a true breakthrough in Web3.” – Dr. Chengdiao Fan

Note No. 2: Tokens as a tool for growth, not for capital raising

Pi Network presents a revolutionary ecosystem token design that fundamentally changes the ICO (Initial Coin Offering) model. While in the mainstream crypto world, tokens are primarily used to raise capital from investors, in the Pi ecosystem they are designed as a strategic tool for user acquisition and organic product integration.

This model, which is currently the subject of community discussion in the Pi Request for Comment (PRC) on GitHub, is defined by three key differences:

  • Working Product Requirement: Unlike projects that issue a token and then start building, Pi requires developers to have a working application as a condition for launching the token.
  • Liquidity instead of capital transfer: All funds raised in the launch programs are not transferred to the creators, but are irrevocably invested in liquidity pools (DEX/AMM). This ensures the stability and health of the token from day one.
  • Reducing the cost of acquisition (CAC): For startups, acquiring users (Customer Acquisition Cost) is extremely expensive. Pi allows founders to use tokens to directly engage millions of already verified users who test the product and provide feedback in exchange for a share of future success.

This approach holds startups accountable. If the product does not provide quality and real value, users will abandon it and the token will naturally disappear.

Poznatek No. 3: KYC as a global service in the era of bots and AI

In an era when artificial intelligence can perfectly simulate human behavior, the question „Who is a real person?“ becomes critical for the integration of blockchain into the real economy. Pi Network has responded to this challenge by creating Pi KYC – a solution that transforms into a comprehensive “KYC-as-a-Service”.

The uniqueness of this solution lies in its hybrid model, which combines advanced AI with a global network of human validators. Today, the system integrates not only standard identity verification, but also sanctions list screening and compliance checks within a single process. Pi is also experimenting with new modalities, such as palm-print verification, to further strengthen authentication in the digital space.

Pi’s core expertise lies in offering its technology and product (KYC API), not users’ personal data, to other Web3 projects and traditional companies. Identity resolution is a prerequisite for on-chain real asset (RWA) management.

Notice No. 4: Blockchain as Infrastructure for Democratization of AI

The vision of the founders of Pi Network connects blockchain and AI with the aim of solving a future social problem: How to ensure fair distribution of wealth in an era when AI replaces traditional labor? Pi sees blockchain as an auditable mechanism for this distribution.

Pi leverages its massive, geographically distributed infrastructure to do this:

  • Distributed computing: More than 350,000 active nodes represent huge potential for distributed AI training and inference. This model can help solve current bottlenecks in centralized AI, such as energy concentration, data center limitations, catastrophic forgetting, and global network health bottlenecks.
  • Human feedback: Millions of verified people can provide authentic data labeling and reinforcement learning directly through native blockchain payments.

“Pi sees blockchain as a mechanism for the equitable distribution of wealth created by AI, preventing value from being concentrated in the hands of capital owners.”

Conclusion: A journey that is just beginning

Over the past year, the Pi network has made a huge leap from theory to practice. Since the launch of the open network on February 20, 2025, we have witnessed the development of tools such as Pi App Studio (using AI to facilitate application creation), the launch of DEX/AMM functionalities, and strategic investments in startups through Pi Network Ventures.

This is not a sprint for short-term profit, but about building a system that has the „defensive advantages“ of tens of millions of authenticated people and hundreds of thousands of nodes. We are standing on the threshold of a new era of the digital economy and there is only one question left to ask:

Are we ready for Web3, where the value of a token depends on its real contribution to your daily life, rather than on stock market charts?

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Pi Network

Pi Network Announcement

Pi Network is a blockchain-based cryptocurrency project that aims to allow users to mine Pi coins using smartphones. The project aims to promote cryptocurrency adoption.

The project was launched by PhD students at Stanford University in 2019. Pi Network offers users a simple and environmentally friendly way to mine Pi coins by simply opening the app and pressing a button once a day.

One of the features of the Pi Network is that users can increase the mining speed by expanding their network. In addition, the Pi Network aims to increase the value of Pi coins by allowing users to create and use web applications on the Pi platform.

Pi Network is currently launching its mainnet. To join Pi Network, you need to download the mobile app and enter an invitation code. Pi Network is an innovative project that aims to pave the way for the future of cryptocurrencies.

How to join Pi Network

If you are not a member of Pi Network, you can get started in 5 minutes by clicking this link. By signing up with my referral code jwkkbiz, we can both earn Pi. Pi Network is an application that allows you to easily mine the cryptocurrency „Pi“ on your smartphone. By pressing a button once a day, you start mining for 24 hours, even if you leave your phone idle. In 2024, I mined 360 days a year, and those who accepted the invitation received many benefits. If you register using the referral code jwkkbiz, you will get a 25% increase in mining speed.

After 30 mines, you will pass KYC (Know Your Credit), so don’t forget to enter your real name when registering. If you register incorrectly, you will lose 20% as a penalty.

For more detailed information and reasons for registration, see here.

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  1. Neural Foundry avatar
    Neural Foundry

    A year into the open network is a significant milestone for a project that was built on such a patient, community-first model. The verification process was frustrating for many, but it’s hard to argue with the scale of what they managed to assemble. Would be interesting to follow how the ecosystem develops as more real utility cases emerge.

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