After six years of development, Pi Network finally launched its mainnet as scheduled.

At 3:00 a.m. EST on February 20th, Pi coin made its debut on the market.

 

 

This opening price is far from the conservative expected price of $70 per coin.

 

But I think it's still acceptable.

As of the time of writing, the price of pi/usdt is $1.35.

 

Although Pi Network once claimed that "the number of users exceeds 46 million", it is obvious that there has been a clear division within the community before the mainnet launch.

 

Some miners chose to sell due to the long wait, and investors hoped to cash out through the exchange, resulting in a sharp increase in selling in the short term.

 

Looking back on the development history of Pi coin, it was born in 2018. At that time, Pi entered the public eye with an innovative "mobile-phone mining" mode, aiming to break the limitations of traditional cryptocurrency projects.

 

Along the way, the outside world has always been full of doubts about its authenticity and feasibility, and it was once labeled as an "air project".

 

 

Pi entered the public eye with an innovative "mobile-phone mining" mode, aiming to break the limitations of traditional cryptocurrency projects. It also doesn't require much investment cost, which has attracted a very wide range of people to participate. From retired uncles and aunts to college students, they have all joined in one after another.

 

In my last issue, I also mentioned that my friend also holds Pi coins. Judging from the current situation, if he can successfully transfer his Pi coins to the mainnet, it will also be a small fortune for him.

 

However, it should be noted that the total supply of Pi coins is as high as 100 billion. As of now, there are more than 6 billion coins that have truly passed the KYC verification and are on the main chain with real validity. Among them, more than 4.5 billion coins are in the locked state, and the circulation in the market is more than 1 billion coins.

 

And some people asked me if it's possible to buy Pi now.

 

I don't know. But if you want to buy Pi, you have to understand it first.

 

The Pi coin project is committed to integrating social networking, development tools, and practical real-world applications to create an integrated ecosystem.

 

At present, its ecosystem has gathered more than 80 applications developed independently by the community, such as Map of Pi and 1Pi Mall (assuming the correct name has a proper format), showing the initial vitality.

 

If Pi can successfully build a decentralized network with extensive global influence and a large user base, it is very likely to stand out in the fierce competition of cryptocurrencies.

 

Especially when, in addition to the initial listing exchange, more large exchanges open their doors to it. Once it is listed on leading platforms like Binance, a huge amount of capital will pour in, and its exposure will also soar. At that time, Pi coin will be able to compete with other mainstream tokens.

 

Now Pi coin is standing at a crossroads, facing a major choice. Whether it will move forward triumphantly and start a soaring journey in the future, or fall into trouble, and then move towards decline, only time and the market will tell.

 

 

 

I will also continue to pay attention to it in the future.