Breaking! Firm Statements by Dr. Nicolas Kokkalis: Pi Network's Open Network Launch on the Horizon

As the Pi Network nears a significant milestone, Dr. Nicolas Kokkalis, one of its founders, has issued definitive statements regarding the upcoming launch of the Open Network. This article delves into Dr. Kokkalis' recent remarks and what they mean for the Pi Network community.

Dr. Nicolas Kokkalis' Definitive Statements

In two concise yet informative videos, Dr. Kokkalis provides clarity on the conditions required for the Open Network launch. Let's break down each video to understand the context and targets that need to be met.

 Video 1: "If conditions are met, we aim to launch the Open Network later this year."

 Dr. Kokkalis specifies that the Open Network launch hinges on several key requirements:

1. 15 Million KYC-Compliant Accounts
   The KYC (Know Your Customer) process is crucial for verifying user identities and ensuring network security. To transition to the Open Network, Pi Network requires at least 15 million KYC-compliant accounts. This step is essential to prevent fraud and ensure accurate user registration.
2. 10 Million Mainnet Migration Wallets
   Mainnet wallets are those that have transitioned from the testnet phase to the main network. Achieving 10 million Mainnet migration wallets is vital for the network's functionality on the primary blockchain.
3. 100 Utility Applications (dApps)
   Utility applications, or dApps (Decentralized Applications), are integral to the Pi Network ecosystem. With 100 operational dApps, Pi Network will demonstrate its capability to support a diverse range of applications and services within its network.
4. Controlled External Factors
   Beyond internal requirements, external factors also play a role. This includes ensuring that major global disruptions such as wars, natural disasters, or economic crises do not impact the launch.

Video 2: "Today is the last Pi2Day before Open Network."

 This statement from Dr. Kokkalis suggests that the Open Network phase will commence before the next Pi2Day on June 28, 2025. This announcement highlights that the timeline for the transition is rapidly approaching.

Assessing Targets and Progress

To better understand when these targets might be achieved, let’s review the progress made so far and the remaining targets.

1. Progress on KYC Accounts

On PiDay, March 14, the number of KYC-verified accounts stood at 9.45 million. By Pi2Day on June 28, this number had risen to 12 million. Over the past three months, there has been an increase of 2.55 million accounts, with an average monthly growth rate of approximately 850,000 accounts. At this rate, the target of 15 million KYC accounts is projected to be met by October 2024.

2. Progress on Mainnet Migration Wallets

As of PiDay on March 14, there were 4.64 million Mainnet wallets. By Pi2Day on June 28, this number had grown to 5.8 million, reflecting a growth of 1.16 million wallets over three months. With an average monthly growth rate of 387,000 wallets, it will take approximately 10.8 months (about 11 months) to reach the additional 4.2 million wallets needed. Thus, the target of 10 million Mainnet wallets is expected to be achieved by May 2025.

3. Progress on d'Apps

On PiDay, March 14, there were 50 d'Apps. This number increased to 70 d'Apps by Pi2Day, with an addition of 20 applications in three months. With an average monthly growth rate of 6.67 (approximately 7 d'Apps), and a shortfall of 30 d'Apps, it will take about 4.28 months (roughly 5 months) to reach the additional 30 d'Apps. The target of 100 d'Apps in the Mainnet is anticipated to be achieved by November 2024.

The Greatest Challenge: Mainnet Migration Wallets

From the above calculations, it is evident that the most significant challenge is reaching the target of 10 million Mainnet migration wallets. The Pi Network Core Team is meticulously mapping migration wallets, prioritizing regions with lower black market risks to ensure network security. As Pi owners, the responsibility lies with the entire community of Pioneers to ensure a smooth migration process. One effective way to accelerate this process is by avoiding black market transactions.

Collaboration for Success

To ensure the successful launch of the Open Network, it is crucial for the entire Pi Network community to collaborate and address these challenges. Here are some steps that can be taken:

1. Educate New Pioneers
   Spread information and education about the importance of adhering to migration agreements and the risks associated with the black market to newly joined Pioneers.
2. Increase Awareness About Security
   Educate users on how to avoid black market transactions and comply with the migration process correctly.
3. Enhance Community Cooperation
   Foster collaboration among Pioneers to achieve the key targets set by the Core Team.

🔔FIRM STATEMENTS ABOUT THE OPEN NETWORK🔔

✅ To answer the debate among Pioneers regarding to launch the Open Network,please watch the 23 second video below again,which contains 2 videos of Dr.Nicolas Kokkalis' firm statements about the Open Network.

📢 Video 1: "If… pic.twitter.com/iUbRF5YEdI

— Dimas Nawawi (@2000Rocker) August 10, 2024

With Dr. Nicolas Kokkalis' firm statements and the progress made so far, the Pi Network is on track for the Open Network launch by the end of 2024. Meeting the key requirements and overcoming existing challenges will ensure a successful and sustainable launch. The Pi Network community is encouraged to continue working together, innovating, and adhering to regulations to achieve the shared vision of a decentralized and inclusive ecosystem.

Warm greetings from us jitumaster for all pioneers wherever you are, especially for pioneers in Indonesia, greetings of success!!!

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