The Pi Core Team, the developers behind the Pi Network cryptocurrency, have issued a warning to all pioneers to avoid selling their Pi during the ongoing enclosed mainnet. The team has cautioned that those who trade their Pi at this stage risk having their accounts frozen or banned.
The enclosed mainnet, which began in early November 2021, is a crucial phase in the development of the Pi Network. During this stage, the team is testing the network’s infrastructure and security features to ensure a smooth and secure launch of the mainnet. The team has made it clear that Pi can only be traded after the mainnet launch, which is expected to take place later this year.
The team has also urged pioneers to be patient and wait for the mainnet launch before engaging in any trading activities.
The Pi Network, which was launched in 2019, aims to create a decentralized cryptocurrency that is accessible to everyone. The network uses a unique consensus algorithm, known as the SCP (Stellar Consensus Protocol) algorithm, which allows for secure and efficient transactions without the need for expensive mining equipment.
The Pi Core Team has been working tirelessly to ensure the success of the Pi Network, and the enclosed mainnet is a critical step towards achieving that goal. The team’s warning against selling Pi during this phase is a reminder to pioneers of the importance of protecting their mined Pi and waiting for the mainnet launch before engaging in any trading activities.
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