The Pi Network's main net launch has been in the news for quite some time. This network boasts of the ability to convert Pi Coins into fiat currencies. Thus, making it a highly looked-after event!
However, the prolonged delay of over six years has led to much frustration among the pioneers. But things can now take a good turn, as the network will soon be introduced for all. Here's when the launch can happen and all the details we know.
Pi mainnet launch: Full details
Pi Network’s development team continues to work towards the mainnet launch. They are aiming to roll out during the first quarter of 2025. However, there are some conditions applied to it. Here's what needs to be noted:
To facilitate the launch, the Pi Network team has extended the KYC and Mainnet Migration Grace Period. Now the deadline has been shifted to January 31, 2025.
The extension will allow more users to finalize the necessary steps to secure their Pi holdings.
According to the latest updates, over 12 million users have been verified. The rising popularity resulted in a move closer to its 15 million target pre-decided for the mainnet launch.
Pioneers, we’ve reached over 18 million KYC’d and over 8 million Mainnet migrated Pioneers! Thanks to recent major speed upgrades, KYC applications and Mainnet migrations are processed faster than ever, i.e. nearly 200,000 Pioneers migrated in the last day. This means Open… pic.twitter.com/tHKdZPTcmv
— Pi Network (@PiCoreTeam) December 20, 2024
The journey till now
Initially, the Pi Network team had scheduled the launch of its Open Mainnet for Dec. 31, 2024. However, things could not be executed as planned. The launch eventually got delayed, scheduled for this year. The announcement was made on December 20.
The announcement also highlighted the ongoing efforts to enhance inclusivity and readiness as the main reason for the postponement.
Looking ahed, till now the Pi Coin’s (PI) price had been moving sideways. Well, now its showing early signs of bullish momentum. According to some report, the network saw a decrease as low as $42. But now PI has made a place within a narrow range, with a strong horizontal support at $46 and resistance at $56.