Pi Network Blockchain Launches Mainnet
The Pi Network blockchain launch has brought the network closer to the broader blockchain ecosystem, enabling real-world use and connectivity with other blockchain systems, and has seen a surge in Pi Coin's price, with experts predicting further growth.
Pi Network, a blockchain project, has launched its open mainnet, marking a significant milestone for the network and its 19 million verified users, known as Pioneers, after years of anticipation and delays. The launch brings Pi Network closer to the broader blockchain ecosystem, enabling real-world use and connectivity with other blockchain systems.
The launch has been preceded by several key milestones, including 19 million Pioneers completing identity verification, 10.14 million users migrating to the mainnet, and over 100 mainnet-ready applications developed. The open mainnet will allow Pi's blockchain to interact with other compliant blockchain networks, expanding its use cases and paving the way for new business models. To ensure security and trustworthiness, Pioneers will be required to complete KYC verification, and businesses will need to undergo KYB verification.
The launch has already seen a surge in Pi Coin's price, rising 80% after the announcement. Experts predict that the official launch could push the price beyond $100. Major exchanges OKX and Bitget have announced listings, boosting optimism among pioneers. The coin has crossed $100 after a positive announcement for the mobile-centric blockchain. Traders are now wondering if Binance and ByBit listing the coin would push the price to $500.
While Binance and ByBit have not officially listed the coin, there's speculation that an announcement could happen. Early buyers may use this opportunity to exit if the price drops significantly. The launch of Pi Network's mainnet is a significant development in the blockchain ecosystem, and its impact on the market will be closely watched in the coming days.
