When Will Pi Coins Enter the Market? Pi Network is a mobile cryptocurrency mining platform that has been gaining popularity in recent years. However, the Pi coin has not yet been released to the public market. In this article, we will discuss the latest updates on the Pi Network project and provide a predicted timeline for when Pi coins will enter the market.
Pi Network is a mobile cryptocurrency mining platform that allows users to mine Pi coins on their smartphones. The project was launched in 2019 and has since amassed over 35 million active users. Pi Network is still in its development phase, but the team has made significant progress in recent months.
In March 2022, Pi Network launched its closed mainnet. This means that users can now mine Pi coins and transfer them to other Pi Network users. However, Pi coins cannot yet be exchanged for other cryptocurrencies or fiat currencies.
The Pi Network team has stated that they plan to launch the public mainnet in Q4 2023. This means that Pi coins will be tradeable on cryptocurrency exchanges by the end of 2023.
When will Pi coins enter the market?
The Pi Network team has not announced a specific date for when Pi coins will enter the market, but they have stated that they plan to release the cryptocurrency to the public in the future. The Pi Network is currently in its Enclosed Mainnet stage, which means that Pi coins cannot yet be traded on exchanges. Once the Pi Network team is satisfied with the stability and security of the network, they will move to the Open Mainnet stage, when Pi coins will be able to be traded freely.
Enclosed Mainnet
In December 2021, the Pi Network team launched the Enclosed Mainnet. This is a closed network that is only accessible to Pi Network users. The purpose of the Enclosed Mainnet is to test the Pi Network blockchain and mobile app before they are released to the public.
Open Mainnet
The open mainnet is the next phase of the Pi Network project. This is when the Pi Coin will be released to the public and will be available to trade on exchanges. The Pi Network team has not yet announced a specific date for the open mainnet launch, but they have said that they are targeting a Q4 2023 launch.
Pi Network team’s Plans for the Pi coin launch
The Pi Network team’s plans for the Pi coin launch can be summarized as follows:
- Complete the development of the Pi blockchain and mobile app. This includes ensuring that the network is secure and scalable, and that the app is easy to use for everyone.
- Release the Pi blockchain to the public. This will allow Pi users to create and transfer Pi coins, and to participate in the governance of the network.
- List Pi coins on exchanges. This will allow Pi users to trade their Pi coins for other cryptocurrencies or fiat currencies.
The Pi Network team has not announced a specific date for any of these steps. However, they have released a roadmap that outlines the key milestones they need to achieve before launching Pi coins to the public.
The roadmap is divided into two phases:
- Phase 1: Enclosed Mainnet: This phase is currently underway and involves testing the Pi blockchain with a limited number of users.
- Phase 2: Open Mainnet: This phase will involve releasing the Pi blockchain to the public and listing Pi coins on exchanges.
The Pi Network team has stated that they will only launch Pi coins to the public once they are confident that the network is secure and scalable, and that the app is easy to use for everyone. They have also stated that they will only list Pi coins on exchanges that meet their high standards for security and reliability.
In the meantime, Pi users can continue to earn Pi coins by mining on their mobile devices, and by participating in the Pi Network ecosystem.
Factors that could affect the Pi coin launch date
There are a number of factors that could affect the Pi coin launch date, including:
- Technical challenges: The Pi Network team is still working on developing the Pi blockchain and mobile application. If they encounter any unexpected technical challenges, it could delay the launch of Pi coins.
- Regulatory compliance: The Pi Network team needs to ensure that they are complying with all applicable laws and regulations. If they encounter any regulatory hurdles, it could also delay the launch of Pi coins.
- Market conditions: The Pi Network team is likely to wait until the cryptocurrency market is in a favorable state before launching Pi coins. If the market is volatile or bearish, it could delay the launch.
- Community feedback: The Pi Network team is listening to feedback from the community and making changes to the Pi Network based on that feedback. If they make any significant changes, it could delay the launch of Pi coins.
Overall, the Pi Network team is committed to launching Pi coins to the public as soon as possible, but they are also taking their time to ensure that the launch is successful. It is likely that Pi coins will enter the market sometime in 2024, but it is impossible to say for sure at this point.
How to prepare for the Pi coin public launch
Make sure you have a Pi Network account and have been mining Pi coins
You can download the Pi Network app from the Google Play Store or the Apple App Store and create an account. Once you have created an account, you can start mining Pi coins by pressing the lightning button in the app.
Verify your Pi Network account
This is an important step to ensure that you are able to withdraw your Pi coins when they are listed on exchanges. To verify your account, you will need to provide your phone number and email address.
Set up a Pi wallet
You will need a Pi wallet to store your Pi coins. There are a number of different Pi wallets available, so you can choose one that best meets your needs.
Stay up-to-date on the Pi Network launch news
The Pi Network team is constantly releasing new information about the launch, so it is important to stay up-to-date. You can follow the Pi Network on social media or subscribe to their newsletter to receive the latest news.