Pi Network Pioneers Eagerly Await Mainnet The Pi Network mainnet launch, which will allow Pi Coins to be converted into fiat currencies, is highly anticipated by its users. However, the extended development timeline—over six years—has caused frustration, leading many pioneers to leave the platform. Some have turned to alternatives like Hamster Kombat and TapSwap, which offer faster rewards through tap-to-earn systems.
Frustration Among Pioneers Launched in 2018, Pi Network aimed to make crypto mining more accessible by enabling it via smartphones, unlike Bitcoin and Litecoin, which require advanced hardware. Despite gaining a large user base, the prolonged period within the enclosed mainnet, which started in December 2021, has left many users disappointed. Enclosed mainnets prevent trading or conversion to fiat, limiting liquidity and use.
This delay has driven some pioneers to seek quicker rewards from other networks. Platforms like Notcoin, TapSwap, and Hamster Kombat provide more immediate benefits, filling the gap left by Pi Network’s slow rollout.
Mainnet Launch Efforts Pi Network’s team continues to work toward a mainnet launch, aiming for 2024, depending on several factors. A key issue is completing the Know Your Customer (KYC) process, which verifies users and eliminates bots. Over 12 million users have been verified, bringing the project closer to its 15 million target needed for the launch.
The team is also building its ecosystem, planning to host 100 applications. Although a few decentralized applications (dApps) are already operational, attracting developers remains a challenge. The team hopes favorable market conditions, such as a crypto bull run, will boost Pi Coin’s price post-launch.
However, the post-launch outlook is uncertain. Previous trends suggest an initial price surge, followed by a decline as early adopters sell. This has been seen with recent airdrops like zkSync and Notcoin.
Conclusion Pi Network’s mobile mining and user-friendly platform set it apart in the crypto world. With the mainnet launch nearing, the project aims to convert Pi Coins into tradeable assets with real-world value. While price predictions create excitement, the volatile nature of crypto markets calls for caution. Stay updated with the latest news as Pi Network approaches this significant milestone.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
