One of the most eagerly awaited developments in the Decentralized Finance (DeFi) community is the open mainnet launch of Pi Network. As a result, in anticipation of the protocol’s open mainnet introduction, several Pioneers and leading influencers have developed various theories to support their conjectures.
Open mainnet, however, would be made available after KYC has made considerable strides in the sector, according to the Pi Network Whitepaper. Additionally, the phase would begin after the contained mainnet had reached full maturity.
How about you, what's your prediction❓🙋🙋♀️
— #PiWhales 🐳 (@PiWhales) January 26, 2023
“Depending on the maturity of the Enclosed Network economy and the progress of the KYC, this period may begin on Pi Day (March 14, 2022), Pi2 Day (June 28, 2022), or later,” Pi Network wrote about the open mainnet period.
With multiple protocols erecting on the network through the continuing hackathon, there is progress in the confined mainnet economy’s maturation. But there are still problems with widespread KYC acceptance. Numerous users, like PiWhales on Twitter, think that the open mainnet is imminent based on ecosystem development.
Although the launch date is still a mystery, the protocol’s documentation serves as a roadmap for this significant accomplishment. The Pi Network ecosystem’s growth is also encouraging for the introduction of the open mainnet, indicating that it is imminent. The Pi Network team is enhancing the KYC service in the interim in order to add more Pioneers and create one of the biggest networks in the cryptocurrency industry.
What is Pi Network?
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.