According to multiple sources, the Pi core team has announced some extremely hot news: they are urgently focusing on building and completing the DApp environment in preparation for the mainnet launch.
With a total pi network limited supply of 100 billion, Pi’s market value can reach 4.1 trillion USD.
As you may know, Pi Network is a cryptocurrency mining application on smart mobile devices, including Android and iOS operating systems. The project is gradually approaching the mainnet launch phase, which has the community eagerly anticipating.
Pi Network has attracted attention due to its unique mining method and blockchain technology. As of now, thanks to its method allowing users to mine cryptocurrency using smartphones, it has attracted a large user base. Alongside this development, the Pi Network project faced considerable controversy in its early stages.
The core philosophy of the Pi Network project is to focus on accessibility and aim to bring cryptocurrency to a broad user base worldwide. Pi Network’s unique mobile mining mechanism leverages the power of everyday smartphones.
As a result, the project has attracted over 45 million daily active users (called Pioneers) spread across 230 countries and territories. This inclusive approach ensures an objective and fair mining process, garnering widespread participation in the cryptocurrency revolution.
APPROACHING MAINNET LAUNCH
To get closer to the ambition of launching the mainnet, the core team of Pi Network has set a goal to host 314,159 DApps. This goal demonstrates the core team’s commitment to a diverse and vibrant decentralized ecosystem, ready to meet the needs of a global user base. And If Pi mainnet, a lot of Pi shopping will be opened
The 314,159 DApps, known as decentralized applications developed on the Pi Network ecosystem, are seen as both an opportunity and a challenge for developers.
Emphasizing DApp development shows that Pi Network considers a diverse ecosystem key to maintaining long-term stability and providing broader utility for Pi holders.
This approach could attract more users and increase the demand for Pi cryptocurrency.
Recently, many rumors show that the Pi network is getting closer to the mainnet open date. And Pi shoping In the world
The virtual listed price of Pi is $44.44 as of May 16th, reflecting the potential value of Pi Network once the mainnet launches. In terms of virtual value, this resilience is demonstrated by Pi’s recent upward trend from a weekly low. With a total supply capped at 100 billion Pi coins, Pi’s market capitalization could reach $4.1 trillion, indicating significant growth potential after the mainnet launch.
However, as Pi Network nears its official open mainnet launch, unlocking billions of Pi coins is expected to pose a challenge. This influx of currency may temporarily depress the price, but the network’s focus on DApp development and commodity exchange will bring stability.
Previously, at the end of 2023 (December), the Pi Network project team announced on their blog their intention to transition to the Open Mainnet phase in 2024, provided three necessary conditions are met. Given the current situation, the mainnet launch plans have been continuously changing, with information suggesting the open mainnet could occur in June 2024 but may be postponed to December 2024, causing Pi miners to increasingly lose confidence. This is due to the team’s cautious approach to ensuring the long-term success and sustainability of the network.