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As of July 2024, here's the latest information on **Pi Network** (Pi Coin):

### 1. **Current Status: Enclosed Mainnet Continues**

- Pi Network remains in its **Enclosed Mainnet phase**, which has been extended into 2024. This means Pi coins are not yet tradable on public exchanges, and the project is focused on building utilities and onboarding users through KYC (Know Your Customer) verification.

- The core team emphasizes that **Pi is not listed on major exchanges** (e.g., Binance, Coinbase), and any "prices" listed on third-party platforms reflect speculative IOU trading, not the official value.

### 2. **Key Updates**

- **KYC Progress**: The team continues to prioritize KYC verification for millions of users. Delays and technical issues persist, but they are critical for transitioning to an Open Mainnet.

- **Utility Development**: Pi Network is encouraging developers to build apps within its ecosystem (via the Pi Hackathon) to create real-world use cases for Pi coins.

- **Mining Updates**: Mobile mining rewards continue to decrease as the network grows, incentivizing user engagement through apps and referrals.

### 3. **Price Speculation**

- **No Official Valuation**: Pi has no market price yet, as it is not tradable. Unofficial IOU listings (e.g., on platforms like Huobi or BitMart) range from **$30 to $200 per Pi**, but these are highly speculative and risky.

- **Scam Alerts**: Beware of fake exchanges or websites claiming to sell Pi. The core team has repeatedly warned against such scams.

### 4. **Open Mainnet Timeline**

- The transition to **Open Mainnet** (when Pi becomes freely tradable) depends on meeting ecosystem milestones, including KYC completion, utility development, and regulatory compliance. No confirmed launch date has been announced.

#5. **Community Sentiment**

The Pi community remains divided, with some users optimistic about the project’s long-term potential and others frustrated by the prolonged waiting period and lack of transparency