Pi Network Will Soon Release Open Mainnet, How Much is the Pi Coin Price?
2025-01-22
Bittime - Pi Network has announced that it is extending the transition deadline to open mainnet to January 31. With the deadline fast approaching, a lot is expected regarding Pi Coin's price momentum.
Thousands of Pi IOU coin holders may face great opportunities for profit or conversely, experience disappointment.
Pi Coin Status and KYC Users: There are 10 Million Pioneers
The Pi core team has disassociated itself from placeholder coin IOU and has not provided any clues regarding Pi Coin's listing price. By January 31, Pi Network is expected to have at least 10 million Pioneers who have undergone the KYC process on mainnet.
This will open them up to various offerings in the Pi ecosystem, such as Map of Pi, Pi Ad Network, Pi Browser, and other utilities.
Read too Pi Network Mainnet Launch, Here's the Impact on $PI Tokens!
The Attraction of the Pi Coin Mining Process via Smartphone
Although the Pi Network was designed to make mining via smartphones easier, these incentives have not completely attracted many Pioneers. Many users are still confused about the difference between Pi Coin mining on smartphones and tap-to-earn tokens such as Notcoin, Tapswap, and Hamster Kombat.
However, the integration of the Pi Network ecosystem with the mainstream financial system can help Pi Coin stand out among other coins.
Read too Just Launched, Here's a Tutorial Using the Pi Network Mainnet!
The Effect of Donald Trump and the Trend of Utility Coins on the Pi Network
The crypto cycle triggered by Donald Trump since November 2024 has made investors more interested in utility-based coins. The Pi core team emphasizes that their project is built on utility, with a focus on partnerships with institutions and companies.
Therefore, Pi Network's transition to open mainnet will reveal the extent to which this partnership can influence the price of Pi Coin.
Read too Pi Network Mainnet Launch and PI Coin Price Prediction
What about Pi IOU Price and Pi Coin Price?
The price of a Pi IOU has fluctuated significantly, from as low as $0.055 in 2019 to as high as $307 in 2022, according to data from aggregator site Coingecko.
Conclusion
Additionally, the price of Pi IOU has also increased by 50% in the past year. There is speculation that the Pi Coin price could reach π ($3,145) or a multiple thereof. With a fixed supply, Pi Coin has the potential to become deflationary, which could create value and drive the price up.
FAQ
1. What is Pi Network and what is meant by open mainnet?
Pi Network is a cryptocurrency platform that allows users to mine Pi Coin via smartphone. Open mainnet is the phase where the Pi network will be fully operational and users can carry out transactions and access various services in the Pi ecosystem.
2. How many users are expected to be registered on mainnet before January 31?
By January 31, Pi Network is expected to have at least 10 million Pioneers who have undergone the KYC (Know Your Customer) process on mainnet, which will give them access to various offerings within the Pi ecosystem.
3. How does the Pi IOU price fluctuate and what is the prediction for the Pi Coin price?
The price of Pi IOU has fluctuated from $0.055 in 2019 to $307 in 2022. There is speculation that the price of Pi Coin could reach π ($3.145) or a multiple thereof, especially as a fixed supply can create value and drive the price up.
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Reference
Michael Abadha, Pi Network Nears Open Mainnet Era: What’s in it For Pi Coin Price?, Accessed January 22, 2025
Author: IN
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