Have you ever tried to imagine being able to "mine" crypto just by using a smartphone? Pi Network comes with this concept. This platform allows users to get Pi coins for free by doing simple activities such as pressing the "mine" button every 24 hours. Its easy and tempting concept makes Pi Network attract the attention of millions of users worldwide.
Now, PI Network is getting closer to its mainnet launch. But what exactly is Pi Network? And why is its mainnet launch so important?
What is Pi Network?
Pi Network is a unique cryptocurrency platform that allows users to “mine” Pi coins directly from their mobile phones. The concept is simple: users can earn Pi coins by performing simple tasks such as answering quizzes, watching videos, or inviting friends.
The Pi Network mining phase has been going on for quite a long time, since 2018. However, the Pi Network community is very active, and in several regions there are communities that often hold various events related to this Pi Coin.
How does it work?
Pi Network uses the Stellar Consensus Protocol (SCP) consensus system that allows transactions to be carried out quickly and securely. Users who have joined the network are called "pioneers". Pioneers can increase their mining rate by:
Verifying friends: The more friends you invite and verify, the faster you mine.
Building a team: By building a solid team, you can get mining bonuses.
Contribute to network development: Pioneers can contribute by becoming contributors or ambassadors.
Why is Mainnet Launch Important?
Currently, Pi Network is still in the testnet phase. This means that the Pi coins you mine cannot be traded on exchanges. The mainnet launch will change everything. After the mainnet is launched, Pi coin will become a truly functional crypto that can be traded freely on exchanges. This is certainly highly anticipated by the Pi Coin community itself. Considering that the Pi Coin community has supported this project since 2018, the Mainnet phase will be something that PI Coin miners (Pioneers) have been waiting for.
When will PI Network Mainnet
The Pi Network mainnet launch is anticipated to be in late 2024, according to hints from the core development team. However, an official release date has not been confirmed. Once the open mainnet launches, Pi Coins (PI) will be tradeable for other cryptocurrencies and fiat currencies.
What Happens After Mainnet Launch?
Free trading: Pi coin will be available on various exchanges, allowing users to buy, sell, or exchange Pi coin for other crypto.
Increase in value: The potential for Pi coin to increase in price is huge, especially if the project manages to attract the interest of large investors.
Ecosystem development: After the mainnet launches, Pi Network will continue to be developed and expanded. This means that more applications and services will be built on top of the platform.
Pi Coin Price Prediction Post Mainnet
Now, the big question is, how much will Pi coin cost after mainnet launch? Pi coin price prediction after mainnet launch is a hotly debated topic. Unfortunately, there is no definitive answer. Crypto prices are highly volatile and are influenced by many factors, such as:
Market adoption: The more people use the Pi Network and accept Pi coin, the higher the potential for it to increase in price.
Technological developments: Innovation and technological developments behind the Pi Network can also affect the price.
Government regulation: Government regulation of cryptocurrencies can have a significant impact on prices.
Competition: The emergence of similar cryptocurrency projects could also affect the price of Pi coin.
So, what's the prediction?
There are many predictions circulating in the Pi Network community, ranging from a few cents to several dollars per Pi coin. However, it is important to remember that these are just predictions. The actual price will be determined by the market.
For more details, we can see the chart at Pi Price on Binance (Not Listed)
Conclusion
Pi Network is an interesting crypto project with great potential. The mainnet launch will be a significant step in Pi Network's journey. Although price predictions are difficult, the potential price of Pi coin upon listing is quite high if the project is successful.
