Pi Coin Network Mainnet Launch: Efforts Are On
Pi Network: Efforts On For Mainnet Launch, Pi Coin Price
Pi Network mainnet launch is in hype these days. It promises to enable the conversion of Pi Coins into fiat currencies and is highly anticipated by its dedicated users.
However, the prolonged timeline of over six years has led to much frustration among the pioneers. As a result, many of them have switched to other platforms like the popular Hamster Kombat and TapSwap. These platforms have been chosen as these offer quicker rewards through tap-to-earn mechanisms.
Disappointment Among Pioneers
The Pi Network was launched in the year 2018. It aimed to democratize crypto mining by making it accessible via smartphones. This way, the network’s been able to distinguish itself from projects like Bitcoin and Litecoin that, instead, need sophisticated mining hardware.
The Pi Network gained a substantial user base over the years. However, again, despite the huge user base, the extended period in the enclosed mainnet starting in December 2021, has left many users disillusioned. Note that this is an enclosed mainnet. Unlike open mainnets, enclosed mainnets don’t allow token trading or conversion into fiat, and this, In turn, leads to restricted liquidity and utility for users.
This continuously ongoing delay has prompted some pioneers to seek alternative network options that offer immediate benefits. This includes platforms like Notcoin, TapSwap, and Hamster Kombat, as they provide quicker reward systems while filling the gap created and then left by Pi Network.
Ongoing Mainnet Launch Efforts
Given the frustration among pioneers, the Pi Network is also on its toes. Pi Network’s development team continues to work towards the mainnet launch. They are aiming for a 2025 rollout, but have some specific conditions to be met. The most important of the conditions is the (Know Your Customer) KYC verification process that is aimed at eliminating bot accounts and ensuring a legitimate user base.
As per the latest updates, more than 12 million users have been verified, helping the process and the network move closer to its 15 million target pre-decided for the mainnet launch.
Furthermore, the team is also focusing on building a robust ecosystem and aspires to host at least 100 applications. Many decentralized applications (dApps) are already operational, although they’ve been facing challenges when trying to attract mainstream developers. The developers hope that favorable market conditions, such as a crypto bull run, will coincide with the launch and result in a boost for the Pi Coin value. A higher Pi price or Pi value will mean a lot for the community.
Post-Launch Pi Coin Price Expectations
The potential post-launch scenario is still uncertain. Historical trends do suggest that initial excitement may lead to a brief price surge, however, at the same time, it is also expected to be followed by a decline as early adopters liquidate their holdings. This pattern has been observed in recent airdrops like zkSync and Notcoin, where a considerable portion of token holders sold their assets soon after the crypto coin launch.
Also read:
Bums Daily Combo And Video Codes 17 January 2025, Earn 2M
