🔍Pi Network is a blockchain protocol that allows users to mine cryptocurrency on their mobile devices without draining the battery. Launched on March 14, 2019, it has gained popularity and currently has around 35 million users . The network's mainnet launch has been announced for spring or early summer 2024, but no exact date has been confirmed.
Key Features of Pi Network:
- _Mobile-First Approach_: Allows users to mine cryptocurrency on their mobile devices.
- _Energy-Efficient_: Mining process doesn't drain the phone's battery.
- _Trust-Based Mechanism_: Uses the Stellar Consensus Protocol (SCP) to secure its ledger.
- _Decentralized and Inclusive_: Aims to create a peer-to-peer marketplace where Pi can be used to purchase goods and services.
PRICE PREDICTION: 😱
Experts have varying opinions on Pi's future value. Some predict it will reach $60 by the end of 2024 and $200 in 2030 ¹. Others are more bearish, expecting the cryptocurrency to rise in the long term if it has a smooth launch and receives support from the crypto community.
Mainnet Launch Date:
The Pi Network's mainnet launch is expected to occur between late December and early January 2025 . Once launched, the Pi coin will serve as the primary medium of exchange, powering various operations on the Pi blockchain.
Legitimacy Concerns:
Some users have raised concerns about Pi Network's legitimacy, citing its referral program and constant postponement of the mainnet launch ¹. However, the project's creators assure that the referral program is not multi-level marketing, and the delays are due to the iterative methodology and focus on security.
Overall, Pi Network's success depends on its mainnet launch and adoption by the crypto community. If successful, it could become a leading digital currency, but only time will tell.
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