Pi Network Mainnet to Launch on December 31, 2024!
2024-10-03
Bittime - After more than 5 years since it was first announced, the project Pi Network will finally launch mainnet on December 31, 2024.
The Pi Network mainnet has been eagerly awaited by millions of users. Read this article to find out more!
Pi Network Mainnet After 5 Years Announced
Pi Network was first launched in March 2019 with the vision to create a cryptocurrency accessible to everyone via mobile devices.
However, since its launch, Pi Coin has not been available on the open market so it is considered the most mysterious crypto project.
Users can mine Pi Coin using an application on a smartphone, but the coin cannot yet be traded or traded on any crypto exchange.
After 5 years, Pi Network has finally announced the launch date mainnet Pi Network and open opportunities Pi Coin to the open market. So, users can trade coins that have been collected over the years.
Read Also: Pi Network: Mining Crypto on Smartphones, Between Opportunities and Risks
Pi Network Mainnet: 13 Million Users Have KYC Verified
To date, more than 13 million users have successfully passed KYC verification, which is an important requirement to be able to move Pi Coins to personal wallets and start trading them once the Pi Network mainnet launches.
This KYC process is important to ensure that Pi Network users are legitimate individuals and not bots or fake accounts.
Pi Network price Prediction Post Pi Network Mainnet Launch
Although Pi Coin is not yet available on the open market, there is IOU (I Owe You) Pi Coin is traded on several platforms. This IOU provides an early look at how Pi Coin will fare after the launch of the Pi Network mainnet.
On October 1, 2024, Pi's IOU value was recorded at approximately $36.60. If 100 billion Pi coins were available on the market, then Pi's full market capitalization could reach more than $3 trillion, making it one of the largest cryptocurrencies in the world.
However, analysts predict that the Pi Coin price may not stabilize at around $36.60. Some analysts estimate that the price of Pi Coin could fall to approx $25,20 in the year 2025.
Despite this, this value is still relatively high, and the potential for long-term growth remains, especially if Pi Network manages to attract more users and widespread adoption.
Read Also: Pi Network is a scam or not, here are reviews from users
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