#PI analysis and explanation of PiFest

1. What is PiFest?
PiFest is an e-commerce event organized by the Pi Network to promote the use of Pi (π) in actual transactions. According to the announcement by PiCoreTeam, the event will be held on March 14, 2025 (Pi Day), marking the Open Network activity, which is the external open phase of the Pi Network.

The Significance of 2.Pi Fest
PiFest encourages businesses and merchants to register stores and accept Pi as a payment method.
• Support Pi Economy: With the activation of external connections, the Pi network aims to expand the Pi economy, which helps the actual value of Pi in shopping.
Support P2P trading: Users can directly trade with other businesses and individuals using Pi.

Highlights of PiFest 2025
• Enterprises can now sign up for the event.
The Pi shopping will officially start on March 14, 2025.
Pi Network has launched a new feature that allows individuals who have passed KYC verification to change their account phone number after completing identity verification.

How does PiFest impact the Pi ecosystem?
Increase the application of Pi, it is not just a digital asset, but can also be used in life.
• Support small businesses and communities to accept Pi payments, building a decentralized economy.
• Establish user trust, proving that Pi is not just an experimental project, but is developing into a real trading system.

5. Conclusion
PiFest is an important event that marks the entry of Pi Network into the open network phase, where users can use Pi in actual transactions. If successful, it can contribute to increasing the actual value of Pi and promote the development of the global Pi network community.