Pi Network Mainnet Launch, Here’s the Impact on $PI Tokens!

Bittime - After a long wait, the Pi Network mainnet has finally launched. Pi Network will completely switch to a public blockchain so that users can make transactions using ($PI) tokens freely. 

Besides, you too can take advantage of the various features available in the Pi Network ecosystem. Read this article to find out more about the impact of the Pi Network mainnet on the $PI token!

Pi Network Mainnet Launch

Since its launch, Pi Network has gone through various important stages. Starting from launching a mobile application for mining $PI tokens to implementing KYC procedures.  

The KYC process is crucial in the transition from closed beta to open mainnet Pi Network. Before $PI tokens can be traded open mainnet, each user must complete KYC verification to ensure account validity.  

Impact of Pi Network Mainnet Launch

The launch of the Pi Network mainnet is expected to have a major impact on Pi Network adoption. Developers, business people and crypto enthusiasts can utilize this network for various purposes. 

With full access to the open mainnet, more $PI token-based applications and services are expected to emerge, including DeFi, blockchain-based games, and various other forms of transactions.

Additionally, as more projects adopt the $PI token as a payment method or integrate this token, the value and utility of the $PI token has the potential to increase.  

Read Also: Just Launched, Here's a Tutorial Using the Pi Network Mainnet!

Challenge of Heading to Pi Network Mainnet

Despite much enthusiasm, there are still several challenges towards Pi Network's open mainnet. One of them is ensuring the technical infrastructure is ready to support this transition. 

As the network continues to grow, the scalability and reliability of the Pi Network blockchain will be tested as more and more transactions are carried out on the platform.

Apart from that, educating global users is also an important task. Pi Network needs to provide guidance on how to use $PI tokens on Pi Network mainnet.

The project's journey towards the Pi Network open mainnet in Q1 2025 is an important chapter for the project ecosystem. This launch is expected to provide major benefits to users and encourage further innovation

Read Also: Pi Network Price Prediction 2025 After Mainnet Launch!

Pi Network FAQs

What is Pi Network?

Pi Network is a crypto project that allows users to mine tokens directly from their mobile phones. The project is designed to be user-friendly and energy efficient compared to traditional mining methods such as Bitcoin.

How Does the Pi Network Work?

Pi Network uses a consensus model based on the Stellar Consensus Protocol (SCP) so users only need to open the application every day to mine. This activity does not drain the battery or device resources.

Is Mining Pi Network Tokens Free?

Yes, mining Pi Network tokens on the Pi Network app is completely free. However, users need to be active every 24 hours to press the "mine" button and maintain active membership in the network.

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Reference

Erlin, Pi Network Heads Toward Open Mainnet: What You Need to Know as Q1 2025 Approaches, accessed January 5, 2025.

Author: IPR