Impact of the launch of Pi Network's mainnet on the market

The evolution of Pi Network towards the open mainnet

Pi Network, an innovative project of criptomonedas, has revolutionized the concept of mobile mining since its launch in 2019. With a user base exceeding 70 million globally, although this figure is subject to debate, Pi Network has managed to capture the attention of the crypto world.

Pi Network's Unique Approach to Mobile Mining

Pi Network has developed a mining system that allows users, known as "pioneers", to generate tokens Pi directly from their mobile devices. This process is based on a consensus algorithm adapted from the Stellar Consensus Protocol (SCP), which prioritizes energy efficiency.

Mining( in Pi Network stands out for being easy to use, energy-efficient, and accessible without the need for specialized hardware. Users only need to perform a daily tap to activate the process, which then continues to run in the background.

Pioneers can improve their mining rate by actively participating in the Pi ecosystem. Building security circles increases the rate by up to 20% for each included member, while inviting new users provides a 25% bonus for each active invitee. Additionally, interacting with the applications in the Pi ecosystem increases mining rewards.

The road to the open mainnet

The transition of Pi Network to the open mainnet, scheduled for February 20, 2025, represents a crucial milestone in its development. This process has followed a methodical evolution that began with the Beta phase in March 2019, focused on acquiring users and testing the mining mechanisms. Subsequently, in March 2020, the Testnet was launched to evaluate the blockchain and consensus algorithms. Since December 2021, Pi Network has been operating on a closed mainnet, focused on KYC verification and token migration. Finally, in February 2025, the transition to the open mainnet will enable external connectivity and fully open operations.

Implications for Pioneers

The launch of the open mainnet will significantly transform the experience of pioneers in Pi Network. Users will be able to make external transactions, transferring Pi to wallets outside the ecosystem. The possibility of listing Pi on exchanges will increase liquidity and create trading opportunities. The ecosystem will be enriched with the expansion of decentralized applications )DApps(, diversifying the use cases for Pi tokens. It is important to note that KYC verification will be an essential requirement for full participation in the network.

Speculation Surrounding Pi

As the launch of the open mainnet approaches, speculation about the value of Pi has intensified. Although it currently operates on a closed network, speculative trading through IOUs has shown stable prices between $61 and $70, which could indicate market expectations. !)[1]https://img-cdn.gateio.im/webp-social/moments-94b0957073-cd87be802f-153d09-6d2ef1.webp( Speculative price evolution of Pi Network before the open mainnet launch

Considerations and Risks for Pioneers

Pioneers must consider several potential risks associated with the launch of the open mainnet. There is a possibility that user figures may be inflated, overestimating the actual adoption of the project. Inflation and value dilution represent another significant risk, as the increase in the token supply could negatively affect the price. Uncertainty in initial liquidity could lead to market volatility. Centralized control by the Pi Network team grants the ability to modify ecosystem rules. Finally, KYC verification processes carry risks related to privacy and personal data management.

It is important to remember that this article does not constitute financial advice. Each investor should conduct their own research before making investment decisions in the Pi Network ecosystem.