đđ Pi Network Mainnet Launch Faces Delay, Read CoinChapter.com on Google News****NOIDA (CoinChapter.com) â** Pi Network has stirred attention by announcing a date for its long-awaited open mainnet launch after a string of delays that left users skeptical about the mobile-based crypto mining project.This announcement marks a crucial juncture for the project, transitioning from user acquisition and theoretical framework development to actualizing its blockchain ecosystem.However, as the June 28 launch date approaches, concerns arise regarding the projectâs preparedness and the tangible demand for Pi Coin.**đŁïž Pi Network Mainnet Launch Technical and Regulatory Challenges**Ahead of its Mainnet launch, Pi Network has opted for a phased approach, starting with a closed Mainnet accessible to a limited user group. This approach allows for user feedback collection and network testing, while also addressing potential capacity issues.Regulatory compliance, especially concerning KYC and AML directives, remains a significant obstacle for Pi Network, a challenge common to many crypto projects.Furthermore, delays have fueled skepticism among users, with many doubting the scheduled launch date. While the announcement garners attention, the project's success remains uncertain.In other news, an X account associated with Pi Network shared that authorities had accepted Pi Networkâs trademark application, potentially impacting the open Mainnet launch.
