The question that has boggled the minds of many is the launch date of Pi Network’s long-awaited Open Mainnet. The project has been under a series of developmental stages for over four years, but the core team had not yet released any solid plans or schedules for the public Mainnet launch.This article discusses the Pi coin public Launch date, where it stands now, and how it may perform in the future.

The Pi Network which was launched on March 14, 2019, has continued to gain popularity especially as the project gets closer to a public launch. Pi Network seems to have accomplished what quite a few cryptocurrency initiatives do: capture the interest of regular users.

Pi Network declared on February 9 that they had achieved the 3 million follower mark on X. The initiative added 100,000 more members in a matter of days, increasing its total number of followers to 3.1 million.

“We did it! Pi Network has hit an amazing 3 MILLION followers! Congrats to every Pioneer who helped make this possible.

We're so excited to reach this milestone, as the Pi community continues its journey to Open Network”. pic.twitter.com/giV1GrXQ8l

— Pi Network (@PiCoreTeam) February 9, 2024

How The Pi Network Operates

According to the creators of Pi coin, the blockchain protocol was designed so that anyone could mine Pi on their mobile device.

The network aims to develop a platform for smart contracts that is user-secured and managed. The Pi utility token will enable the protocol’s goal of creating the most inclusive peer-to-peer (P2P) marketplace ever created.

Thanks to its innovative method of mining straight from a phone and its potential to be a respectable payment enterprise, Pi Network has gained a significant amount of popularity . About 35 million individuals use the Pi wallet currently, which is a remarkable number considering that the Pi Coin is still not officially available for trading.

Prospects for Open Mainnet Launch

The exact date for Pi Network’s open mainnet launch is still uncertain. However, the Pi Network team has officially declared their plans to initiate the Open Mainnet phase in 2024, and is expected between March and June.

This estimated launch window is based on an article published by the Pi ecosystem news channel (@PiNewsMedia) in late October, which stated that the Pi Mainnet is expected to launch in March or June of 2024.

Pi Network: March-June 2024, the beginning of an exciting new era https://t.co/oryq7KZ5i5

— ℙ𝕚 𝔹𝕝𝕠𝕔𝕜𝕔𝕙𝕒𝕚𝕟 (@mstor168) October 11, 2023

Although there isn't much information available, the team's focus on security, compliance, and user experience points to a serious commitment to a successful launch.The developers also stated that the full potential of Pi coins will soon be realized during the Open Mainnet phase.

But in spite of the excitement around this announcement,the Pi Network team is being cautious.In as much as this stage will empower Pi users to seamlessly exchange their Pi coins with other cryptocurrencies and fiat currencies,they claimed that a hasty transition could undermine the community’s achievements to date.

In light of this, the team have determined some conditions that must be met to ensure the platform’s readiness for this phase. Here are two prerequisites that should be met before the transition happens:

Decentralization Objectives: Acquiring 15 million KYC-verified users and moving more than 10 million Pioneers to the Mainnet blockchain are two major objectives. Furthermore, Pi's feasibility as a currency depends on the creation of at least 100 excellent, varied utilities and applications.

Optimal External Conditions: Pi's success is entwined with the larger global context, as it is a worldwide cryptocurrency endeavor. As a result, the team stated that the timing of the Mainnet launch is heavily influenced by variables including geopolitical stability, legislative advances, industry trends, and the lack of major world crises.

Conclusion

As Pi Network enthusiasts await further updates, staying informed through official channels is advised. The completion of mainnet migrations and KYC verifications will significantly contribute to the network’s stability, security, and compliance, reinforcing Pi Network’s mission to create a robust cryptocurrency ecosystem.

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