Pi Network, the decentralized cryptocurrency network, has recently announced a shift in its focus towards creating real-world utility for its users, with the goal of generating wealth for its Pioneers after the mainnet launch. The announcement was made public by a Twitter user known as @Pi_NewsG, who also advised Pi Network users to be patient and continue mining Pi Coin until the mainnet is launched.
The Pi Network was created in 2019 and launched a beta version of the network in March 2020. The network’s unique approach to mining, which relies on user participation rather than the traditional proof-of-work or proof-of-stake algorithms, has attracted millions of users from around the world. Pi Coin, the native cryptocurrency of the Pi Network, has been steadily increasing in value, and its current price is around $0.20.
However, the Pi Network team has now shifted its focus towards creating real-world utility for the Pi Coin, rather than relying solely on market speculation to increase its value. This move has been positively received by the Pi Network community, who have been eagerly anticipating the launch of the mainnet.
@Pi_NewsG’s advice to Pioneers to continue mining Pi Coin and be patient until the mainnet launch is in line with the Pi Network team’s recent announcement that they are working hard to ensure a smooth launch of the mainnet. This will be a crucial step in the realization of the network’s vision of creating a decentralized and user-centric cryptocurrency ecosystem.
Pi is building a utility base that would create wealth for pioneers,
Wait for the open mainnet
Keep mining …⛏️⛏️ pic.twitter.com/6eahsDajBE
— Pi News (@Pi_NewsG) April 30, 2023
Pi Network’s focus on creating real-world use cases for the Pi Coin is a positive development for the cryptocurrency ecosystem, and demonstrates a commitment to creating long-term value for its users. As the mainnet launch approaches, it will be interesting to see how the Pi Network continues to evolve and whether it can achieve its ambitious goal of creating a truly decentralized and user-driven cryptocurrency network.
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