#PiCoreTeam
The launch of the main Pay network is still expected in 2025, although no specific official date has been announced. The launch depends on the successful completion of the ecosystem's readiness and the validation of a large number of users' data through the "Know Your Customer" process.
Current stage: The Pay network is currently in the "closed main network" phase, focusing on security, "Know Your Customer" processes, and ecosystem development.
User requirements: Users must complete the "Know Your Customer" process and transfer their wallets in preparation for the main network launch.
Post-launch opportunities: Once launched, the main network will enable trading, decentralized applications (dApps), real transactions, and listing currencies on trading platforms.
Market performance: The performance of the Pay coin (PI) has been weak, with its price recently dropping to around $0.57, a decrease of nearly 15% over the past month. However, there are early signs of a bullish reversal, with an increase in overall trading volume (OBV) and a decline in selling pressure.
Technical indicators: The Chaikin Money Flow (CMF) shows negative flow, and the Relative Strength Index (RSI) is approaching the oversold territory, indicating the possibility of further declines.
Partnerships and approvals: The Pay network has obtained KYB approval (a