I just saw that Pi Network has launched their Open Network after six years of development. This is not just an ordinary technical update — founder Chengdiao Fan describes it as a fundamental change toward a more inclusive crypto.

What’s interesting about their approach is the focus on accessibility. At the initial launch, they only required 6 euros — meaning no traditional ICO was needed at all. Chengdiao Fan emphasizes that Pi is designed to be free and accessible to everyone. This differs from mainstream crypto models that usually require significant capital upfront.

The problem they aim to solve is quite real. Crypto investors often get disappointed after losing funds post-ICO, especially when only large investors have early access. Pi Network wants to change this game by opening participation to a broader audience. Chengdiao Fan says their goal is to “solve mass adoption and real-world utility.”

But there are serious liquidity challenges. Even the most active exchanges have only about 2% market depth — meaning large orders can drastically move the price. That’s why the Open Network is important: it opens connectivity across the entire global blockchain ecosystem.

In terms of security, they require mandatory KYC for all users and KYB for businesses. Chengdiao Fan makes it clear — security is not optional. This makes the Web3 environment more trustworthy but may slow down adoption a bit.

Their ecosystem now has 10 million qualified Mainnet users, 19 million KYC verified, over 200,000 decentralized nodes, and 100+ applications ready to go live. These numbers are quite impressive for a project that is still relatively young.

Of course, the challenge ahead is maintaining momentum. With many new mobile mining projects and established competitors, Pi needs to prove that they are not just reward-based but have real, sustainable utility. That will determine whether this is truly revolutionary or just a temporary trend.