Pi Network has been making significant progress lately. The network is planning to transition to its Open Network period on the Mainnet blockchain in 2024, but only if three essential conditions are met ¹.

- *Condition 1*: Complete all necessary technical, product, business, and legal preparations.
- *Condition 2*: Achieve specific goals in network KYC, migration, and utility creation, including 15 million Pioneers passing KYC and 10 million migrating to the Mainnet.
- *Condition 3*: Ensure there's no unfavorable external environment that could hinder the success of the Open Network.

Additionally, Pi Network has been releasing updates to prepare for the Open Network transition. For instance, the Pi Node Version 0.5.0 has been released, which prepares nodes for the Mainnet ² ³.

PiFest 2024, an event promoting local commerce using Pi, has also concluded successfully, with over 27,000 active sellers participating ² ³.

As for the Pi coin's price, it's currently trading at around $55.34, with a market capitalization of $3.76 billion ⁴.
Pi Network has been making significant progress lately. The network is planning to transition to its Open Network period on the Mainnet blockchain in 2024, but only if three essential conditions are met ¹. - *Condition 1*: Complete all necessary technical, product, business, and legal preparations. - *Condition 2*: Achieve specific goals in network KYC, migration, and utility creation, including 15 million Pioneers passing KYC and 10 million migrating to the Mainnet. - *Condition 3*: Ensure there's no unfavorable external environment that could hinder the success of the Open Network. Additionally, Pi Network has been releasing updates to prepare for the Open Network transition. For instance, the Pi Node Version 0.5.0 has been released, which prepares nodes for the Mainnet ² ³. PiFest 2024, an event promoting local commerce using Pi, has also concluded successfully, with over 27,000 active sellers participating ² ³. As for the Pi coin's price, it's currently trading at around $55.34, with a market capitalization of $3.76 billion ⁴.
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