The much-anticipated Pi Community Mainnet launch has hit one other roadblock, disappointing hundreds of thousands of crypto customers.
Initially anticipated to go dwell sooner, the brand new deadline has now been pushed to February 28, 2025.
This delay has sparked frustration, with many fearing that repeated extensions may affect Pi Coin’s potential itemizing on main exchanges.
KYC and Mainnet migration deadline prolonged to February 28, 2025 | Supply: Pi Community
Regardless of this setback, Pi Community continues to realize traction. A significant milestone was just lately achieved when the community efficiently verified 10 million customers by way of its Know Your Buyer (KYC) course of – an important step for a safe and credible ecosystem. Moreover, the Pi Community has warned 15 million users to comply with solely official accounts to keep away from misinformation.
Pi Community efficiently migrated 10 million customers | Supply: Pi Information
Pi’s builders have persistently maintained that the Mainnet launch can be contingent on three main circumstances. The primary two—a profitable KYC rollout and exterior regulatory elements—have already been met. Nevertheless, the third situation, which requires a minimum of 100 decentralized purposes (dApps) to be prepared, remains to be in progress.
Mainnet Delay Sparks Market Uncertainty
At current, 80 to 85 purposes can be found, and the group is pushing ahead to shut the hole. The Pi Core Group has assured the neighborhood that they’re working tirelessly to usher in extra purposes, guaranteeing a robust and practical ecosystem upon launch.
To ease considerations, builders have reiterated that the Open Mainnet stays on monitor for Q1 2025. They’ve additionally urged customers to finish their KYC verification and migrate their cash to the Mainnet earlier than the ultimate launch. Any delays on this course of might result in customers shedding entry to their Pi holdings.
Pi Community to launch Open Community in Q1 2025 | Supply: Pi Community
In the meantime, the crypto world has been buzzing with hypothesis relating to Pi Coin’s potential exchange listings. Though no official bulletins have been made, experiences recommend that Binance and OKX are contemplating itemizing the altcoin. Nevertheless, Pi Coin is already listed on platforms resembling Bitmart, HTX World, and CoinW, although buying and selling has but to start.
Pi Coin’s Hovering Development Raises Investor Curiosity
Regardless of its Mainnet delay, Pi Coin has seen an astronomical worth surge of over 22,800% within the final 10 months. With a large 35+ million engaged customers, the community continues to draw buyers wanting to capitalize on its upcoming launch.
Pi Community’s blockchain know-how goals to transcend easy transactions. The ecosystem is being designed to help Net 3.zero purposes, providing builders an area to construct decentralized purposes (dApps) whereas sustaining a mobile-friendly mining mechanism.
Market projections recommend that Pi Coin might attain an annual excessive of $80 in 2025, supplied market circumstances stay favorable. Nevertheless, a bearish pattern, elevated liquidation, or additional delays might see Pi dropping to as little as $10 by yr’s finish. Analysts predict that below regular circumstances, Pi might commerce at a median worth of $45 in 2025.
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