Pi Network, a cryptocurrency project that has been gaining significant attention, has recently announced another delay in its Mainnet launch. Initially expected to go live much earlier, the new deadline has now been pushed to February 28, 2025.
This delay has sparked frustration among users, many of whom had anticipated a full launch much sooner.
Pi Network Mainnet Faces Another Delay: What It Means for the Future However, the Pi Network team has emphasized that this extension is necessary to ensure a stable and secure ecosystem before listing on major exchanges.
KYC Verification and Mainnet Migration
One of the major milestones achieved by Pi Network is the successful verification of 10 million users through its Know Your Customer (KYC) process.
This is a crucial step for maintaining a secure and credible ecosystem. Despite this progress, the project still needs to meet the requirement of having at least 100 decentralized applications (dApps) ready for the Mainnet launch.
Currently, only 80 to 85 applications are in place, and the team is working tirelessly to close this gap.
Impact on Exchange Listings
The delay has raised concerns about the impact on Pi Coin’s potential listing on major cryptocurrency exchanges.
While Pi Coin is already listed on smaller exchanges like Bitmart, HTX Global, and CoinW, trading has yet to begin.
Speculation is mounting around potential listings for Pi Coin on major platforms like Binance and OKX. However, no official confirmation has been made yet.
Community Response and Market Sentiment
The Pi Network community has had mixed reactions to the delay. Some users see it as a necessary step to ensure a robust and functional ecosystem, while others are frustrated by the repeated extensions.
Despite the delays, Pi Network continues to attract a large user base, with over 35 million engaged users. The project’s focus on inclusivity and accessibility has contributed to its favorable reputation.
Future Prospects
Despite the setbacks, Pi Network remains optimistic about its future prospects. The team has assured the community that the Mainnet launch is still on track for Q1 2025.
They have urged users to complete their KYC verification and migrate their coins to the Mainnet to avoid losing their holdings.
The project aims to create a decentralized platform for smart contracts and peer-to-peer transactions, which could enhance its utility and value.
Conclusion
While the delay in Pi Network’s Mainnet launch has been a source of frustration for many users, it is seen as a necessary step to ensure a secure and stable ecosystem.
The project’s commitment to building a robust platform and its growing user base suggest that Pi Network has significant potential for the future.
As the team continues to work towards meeting the remaining requirements, the anticipation for Pi Coin’s listing on major exchanges remains high.
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