April

Story

Stellar

Coin

The team behind <a href="https://www.coingabbar.com/en/crypto-currency-news/pi-network-popularity-and-related-rumors" title="Pi Network" class="f-link" style="background-color: rgb(255, 255, 255);" rel="noopener noreferrer nofollow">Pi Network</a>, utilizing the Stellar Consensus Protocol (SCP), is fully prepared to launch its network mainnet. This information comes from a recent post on the network, where the Pi Network team announced their readiness. This announcement is believed to be aimed at encouraging their users, as the token has been facing various allegations for a long time, with the most significant accusation being that Pi is a fraudulent project. However, Pi has adopted a different stance on these allegations, not directly denying them but stating that they have over 35 million users who have access to untapped social capital. 
The Pi team has consistently shown complete confidence in the mainnet launch, maintaining their stance on the launch date of June 28. However, they have not addressed other questions, causing anxiety among users connected to the network. Users have been involved with this mobile mining system for a long time, mining Pi Coins through the mobile application. Currently, Pi Coin has no real-world value for holders. Nonetheless, many platforms have already started making predictions about its launch, with some claiming that the coin's price will be around $0.4 as soon as it launches. Some platforms have even made predictions for 2025, with most speculating that this token could reach $1. 
<h3 id="span-span-data-font-font-size-style-font-size-16px-the-story-of-pi-so-far-span-span">The Story of Pi So Far</h3>
In April 2024, Pi once again made headlines by announcing the launch of its <a href="https://www.coingabbar.com/en/crypto-currency-news/scam-in-the-name-of-pi-network-trap-the-users" title="mainnet" class="f-link" rel="noopener noreferrer nofollow">mainnet</a>. Since this announcement, Pi's user base has been continuously growing. During this period, Pi crossed the 10 million KYC user mark and announced that once its KYC user count reaches 15 million, its tokens will become tradeable, boosting user confidence. This led to a significant increase in the number of users mining Pi Coin. However, the increasing scams associated with Pi, the sudden disappearance of its founder, and the lack of updates related to the mainnet launch led Pi users to start distancing themselves from the project.
Conclusion
As Pi Network's mainnet launch date of June 28 approaches, the Pi team has reiterated their confidence and readiness. Despite previous controversies and skepticism surrounding the project, Pi continues to maintain a robust user base and significant online presence. The anticipation for the mainnet launch remains high, with many users and platforms making various price predictions. However, the project still faces challenges, including trust issues and the need for clearer communication. As the countdown continues, the crypto community watches closely, eager to see whether Pi Network can fulfill its promises and establish itself in the digital currency landscape.
Also Read:-<a href="https://www.coingabbar.com/en/crypto-currency-news/asic-vs-block-earner-court-favors-crypto-startup" title="Legal Victory for Australian Crypto Startup Against ASIC" class="f-link" rel="noopener noreferrer nofollow"> Legal Victory for Australian Crypto Startup Against ASIC</a>

Pi Team Prepares for Pi Network Mainnet Launch, Coming Soon

Table of Contents

Coingabbar

Other articles published on Jun 17, 2024

Bitcoin Vs. Altcoins: Renowned Finance Author Reveals The Easiest Way To Become A Millionaire

Telecom Giant Deutsche Telekom Plans to Mine Bitcoin

MoonBag Presale Madness is Real! Goes Above and Beyond as Investors Ditch Doge & AVAX for 15,000%...

BitMEX Founder Arthur Hayes Announced the Altcoin That Will Dethrone Solana (SOL)!

Remilia hacker moves $4.3M to Tornado Cash

Is Ripple (XRP) on the Brink of a Major Breakout?

Join our free newsletter for daily crypto updates!