Fri Feb 21 09:01:47 UTC 2025: ## Pi Network Launches Open Trading of Pi Coin After Six Years of Development
**SAN FRANCISCO, CA** – The Pi Network, a cryptocurrency project boasting over 60 million members, has officially transitioned to an open network, enabling the trading of its Pi Coin. The move marks a significant milestone for the project, launched six years ago by Stanford University PhD graduates Nicolas Kokkalis and Chengdiao Fan.
Kokkalis, the network’s Head of Technology, holds a PhD in Computer Science and boasts a background in developing smart contracts and human-focused applications. Fan, the Head of Product, brings a PhD in Anthropological Sciences, specializing in human behavior and human-computer interaction, to the project. The Pi Network emphasizes its focus on accessibility and empowering users through a Web3 ecosystem. Unlike many cryptocurrencies, Pi Coin mining is free and doesn’t require energy-intensive processes.
While the network has achieved significant membership growth, details regarding its journey and the founders’ previous endeavors have remained relatively undisclosed until now. The launch of open trading represents a pivotal moment for Pi Network, paving the way for wider adoption and market integration of its cryptocurrency.
First Piper 