Let's dive into the latest buzz around Pi Network, the crypto project that lets you mine digital assets straight from your smartphone. It's been around for over five years, but it's still got everyone scratching their heads, wondering when we'll finally see its native token and open mainnet make their grand debut.
Earlier this year, Pi Network asked users to complete their Know-Your-Customer (KYC) verification by September 30. They called this the “Grace Period.” But guess what? They decided to extend it all the way to November 30, 2024. And if you're still waiting to hop on the mainnet train, they’ve pushed that final deadline to December 31 this year.
Recently, Pi Network announced they’re handpicking partnerships with crypto service providers and other businesses, gearing up for the big Open Network launch. They hyped it up by saying this is a golden chance for businesses to tap into their vibrant community of over 60 million Pioneers and become a part of Pi’s growing Web3 world.
Of course, this stirred up all kinds of reactions on social media. Some folks are thrilled, calling it a massive opportunity, especially for small-time builders. They even dubbed it one of the best Pi news this year. But there’s always a skeptical crowd, with some calling the project a scam and doubting we'll ever see the open mainnet and native token.
Adding more spice to the story, at the end of August, PiBridge – a decentralized financial platform linking Pi Network with other blockchains – hosted a talk show. Everyone was eagerly waiting for mainnet launch details, but the working group kept their lips zipped.
However, the Pi Core Team later revealed that the detailed roadmap for the mainnet, which will finally allow the official buying and selling of Pi tokens, will be out by December 2024. And once again, the community is split. Some think it's just another delay tactic, while others remain hopeful.
So, what's next for Pi Network? Only time will tell, but one thing’s for sure – it’s keeping everyone on their toes!
