The much-anticipated launch date of Pi Network has been revealed. Will Pi Coin reach $100?
Highlights of the Story
After several delays starting in 2024, Pi Network's mainnet finally launches on February 20, 2025.
10.14 million Pioneers moved to the mainnet after more than 19 million completed KYC.
Following the news of the mainnet launch, the price of Pi Coin increased by 80% to $92.
The wait is finally over as Pi Network's open mainnet is formally debuting after years of delays. The Tap to Earn Pi Coin Network will launch on February 20, 2025, at 8 AM UTC, according to confirmation from the core team. Pi has advanced significantly with this eagerly awaited milestone, which at last enables it to integrate with the larger blockchain ecosystem.
The price of the coin has soared from $49 to $92 in a matter of hours, demonstrating the excitement that the announcement has generated within the Pi community.
Let's examine the specifics.
The Pi Mainnet is finally scheduled to launch
Since its inception in 2019, Pi Network has established a robust worldwide user base of Pioneers who use their mobile devices to mine Pi tokens. The switch to an open mainnet, however, encountered a number of setbacks despite its quick uptake, delaying the debut from 2024 to 2025.
The network has now at last fulfilled the essential requirements for the launch:
Using the Pi KYC solution, 19 million Pioneers have successfully finished the identity verification process.
The initial goal of 10 million users has been surpassed by more than 10.14 million users who have moved to the mainnet.
Pi's ecosystem has a solid basis thanks to the development of more than 100 mainnet-ready applications.
@PiCoreTeam: https://twitter.com/status/1889445244464517293
The Pi Network open mainnet will formally begin on February 20, 2025, at 8 AM UTC, following the accomplishment of these objectives.
What Pi Users Can Expect from the Open Mainnet
Pi will undergo a significant change with the open network debut, which will let it to establish its initial connections with external blockchain systems. Pi will become more useful in actual transactions as a result, opening up new possibilities for both individuals and companies.
Increased Utility and External Connectivity
Pi's blockchain will no longer be constrained by an Open Network, allowing transactions outside of its ecosystem. Pi will be more useful in the digital economy whenever pioneers can communicate with other networks that are compliant.
Transition of Nodes to the Mainnet
Nodes will be able to join the Mainnet blockchain once the firewall has been removed following launch. When moving nodes from the Testnet to the Mainnet, the Core Team will give preference to dependable contributors.
Verified and Safe Participation
Businesses must finish KYB (Know Your Business) verification, while Pioneers must complete KYC (Know Your Customer) verification to guarantee a secure environment. The Pi website will provide a list of companies that have undergone KYB verification.
Pi's Advice to the Last Pioneers
Even after the Open Network launch, pioneers who haven't finished KYC or moved to Mainnet still have the opportunity to do so. To support the development of the ecosystem and expand the practical applications of Pi, they are urged to utilize Pi apps via the Pi Browser.
It has been confirmed that neither outside influences nor shifting market conditions will postpone the Open Network debut.
The price of Pi Coin rises by 80%
The price of Pi Coin has increased by 80% after the announcement, hitting $92 in a matter of hours. Experts estimate that Pi Coin's price may surpass $100 following Pi Network's formal launch.
It is finally time for Pi Network to enter the real world after years of expectation. Everyone is now watching to see what happens next.
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