The Pi Network has been in development since 2019 and is currently in its Testnet phase. The team is working towards a full Mainnet launch, which is expected to occur in late 2024 or early 2025.
Key Points:
Testnet: The current phase where the network is being tested for stability and scalability.
Mainnet: The final phase where Pi will become a fully functional cryptocurrency.
Open Network: A stage within the Mainnet phase where the network will be open to external connections, allowing for interoperability with other blockchains and the broader cryptocurrency ecosystem.
Roadmap:
Beta Phase: Launched in 2019 to build the user base and network.
Testnet Phase: Ongoing, focusing on testing the blockchain and consensus algorithm.
Mainnet Phase: Expected in late 2024 or early 2025, marking the full launch of Pi as a cryptocurrency.
Important Notes:
No Official Launch Date: While the team has hinted at a late 2024 or early 2025 timeframe, no specific date has been officially confirmed.
KYC Verification: To participate in the Mainnet, users will need to complete a Know Your Customer (KYC) verification process.
Node Operation: Node operators play a crucial role in securing the network and will be essential for the Mainnet launch.
Additional Resources:
Pi Network Roadmap: https://minepi.com/roadmap/
Pi Network Mainnet Launch and Roadmap: https://coindcx.com/blog/crypto-news-global/pi-networks-mainnet-launch-date-and-roadmap/
When is Pi Network's Launch Date? Pioneer's 2024 Mainnet Moves Closer: [invalid URL removed]
It's important to stay updated with official announcements from the Pi Network team for the latest information on the launch timeline and other developments.