The Pi Network Mainnet launch is still anticipated to occur in 2025, though no official fixed date has been announced. The launch is contingent upon the successful completion of ecosystem readiness and the verification of a significant portion of users through the KYC process.
Current Phase: Pi Network is currently in the "Enclosed Mainnet" phase, focusing on security, KYC, and ecosystem development.
User Requirements: Users must complete KYC and migrate their wallets to prepare for the mainnet launch.
Post-Launch Opportunities: Once launched, the mainnet will enable trading, decentralized applications (dApps), real-world transactions, and exchange listings.
Market Performance: Pi Coin (PI) has been underperforming, with a recent price drop to around $0.57, down approximately 15% in the last month. However, there are early signs of a bullish reversal, with rising On-Balance Volume (OBV) and weakening sell pressure.
Technical Indicators: The Chaikin Money Flow (CMF) shows a negative flow, and the Relative Strength Index (RSI) is nearing oversold territory, indicating potential further downturns.
Partnerships and Approvals: Pi Network has received KYB (Know Your Business) approval from BANXA, facilitating cash purchases of Pi Coin in over 100 countries.
The Pi Core Team remains committed to ensuring a secure and robust mainnet launch, emphasizing the importance of completing mass KYC verifications and building a fully operational ecosystem.