Pi Network is a mobile mining cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining their devices’ batteries. The project has been in development for several years and is currently in its enclosed mainnet phase, which means that Pi coins can only be used within the Pi Network ecosystem.
Pi Network users are eagerly awaiting the launch of the open mainnet, which will allow Pi coins to be traded and exchanged on other crypto exchanges. The open mainnet launch is also a key milestone for the Pi Network ecosystem, as it will enable the development and launch of decentralized applications (dApps) on the Pi blockchain.
There are several reasons why Pi Network users are eager for the open mainnet launch before the end of 2023:
- To be able to trade and exchange Pi coins. Currently, Pi coins can only be used within the Pi Network ecosystem. This means that users cannot trade or exchange their Pi coins for other cryptocurrencies or fiat currencies. The open mainnet launch will allow Pi users to trade and exchange their Pi coins on other crypto exchanges, giving them more liquidity and options.
- To be able to use Pi coins to purchase goods and services. Once Pi coins are listed on other crypto exchanges, users will be able to use them to purchase goods and services from merchants who accept Pi payments. This will increase the utility of Pi coins and make them more valuable to users.
- To be able to participate in the development and launch of Pi dApps. The open mainnet launch will enable the development and launch of dApps on the Pi blockchain. This will give Pi users access to a wide range of new applications and services, such as decentralized finance (DeFi) protocols, non-fungible token (NFT) marketplaces, and gaming platforms.
- To see Pi Network grow and succeed. The open mainnet launch is a major milestone for the Pi Network ecosystem. It will signal to the world that Pi Network is a serious project with a bright future. This will attract new users and developers to the Pi Network ecosystem, which will help it to grow and succeed.
In addition to these reasons, Pi Network users are also eager for the open mainnet launch because they have been waiting for it for a long time. The Pi Network core team has been promising an open mainnet launch for several years, but it has been repeatedly delayed. This has led to some frustration and skepticism among Pi Network users.
However, there are some signs that the Pi Network core team is finally getting ready to launch the open mainnet. In recent months, the team has been making significant progress on the Pi Network ecosystem, including the launch of the Pi Browser and the Pi Wallet. The team has also been working with KYC providers to verify the identities of Pi users, which is a prerequisite for the open mainnet launch.
While there is no guarantee that the Pi Network core team will launch the open mainnet before the end of 2023, Pi Network users are hopeful that it will happen. The open mainnet launch will be a major milestone for the Pi Network ecosystem and will unlock a number of benefits for Pi users. Continue Reading