Pi Network Mainnet Launch Concerns
Pi Network pioneers are voicing concerns about the slow progress towards the much-anticipated mainnet launch and its potential impact on token value. A verified user who has been mining Pi tokens for over five years expressed frustration over the delayed mainnet launch and the sluggish development pace. Pi Network, renowned as the first tap-to-earn platform, maintains its popularity, particularly in emerging markets like China, Brazil, and India.
Pi Network’s 5-Year Milestone
Established in 2019 by Stanford scientists Nicolas Kokkalis and Chengdiao Fan, Pi Network aimed to create a user-friendly cryptocurrency for mining and usage. Pi Network users, known as pioneers, can easily mine tokens by a simple tap on the mobile app. Although these tokens currently hold no value, their worth is anticipated to increase upon the launch of the open mainnet.
Challenges with Pi Network Mainnet Launch
Despite initial enthusiasm, the mainnet launch for Pi Network has faced delays, prompting some users to abandon the project. Analysts suggest that the prolonged mainnet phase may be attributed to the platform’s revenue model, where developers earn through ads displayed during coin mining. The transition to the mainnet is expected later this year, contingent upon various factors including token verification, development of decentralized applications (dApps), and market conditions.
