Pi Network is an experimental cryptocurrency aimed at making the mining process accessible to everyone through smartphones without significant energy consumption. Since its launch in 2019, it has attracted millions of users worldwide, but it is still in the development phase ("Enclosed Mainnet") and not listed on major cryptocurrency exchanges. Here is an updated analysis of the key aspects:

---1. Current Status of Pi Currency

- Development Phase: Pi Network has not yet transitioned to the "Open Mainnet" that allows for free trading, meaning the currency is not officially convertible or sellable yet.

- Market value: There is no real price for Pi as it is not listed on exchanges. Any "price" currently traded on unofficial platforms or in the gray market is speculative and may be misleading.

- Recent Updates: The team has announced improvements in the KYC (Know Your Customer) system and expanded uses of Pi within their applications, but there are no strong indicators for the imminent launch of the open network.

---2. Challenges and Risks

- Lack of regulatory clarity: Pi Network still lacks a clear regulatory framework, increasing the risks of fraud or sharp volatility in case of launch.

- Reliance on mass adoption: The success of the project depends on converting millions of "miners" into active users in the ecosystem, which is a significant challenge.

- Competition from stablecoins and mature projects: It is outperformed by currencies like Bitcoin or Ethereum in terms of acceptance and infrastructure.

---3. Potential Opportunities

- Access to an unconventional audience: If you succeed in attracting new users to the cryptocurrency world, especially in developing countries, you may achieve widespread adoption.

- Future Partnerships: Any collaboration with payment platforms or technology companies could enhance its value.

- Official launch: If it moves to the open network with adequate liquidity assurance, you may witness an initial surge in demand.

---4. Important Warnings

- Do not invest money you cannot afford to lose: Pi Coin is considered a high-risk investment until its viability is proven.

- Beware of fake platforms: Platforms claiming to trade Pi are often fraudulent.

- Follow official updates: Changes in project policies (such as KYC conditions) may affect the value of the currency in the future.

---Conclusion

Pi Network is an innovative idea, but it is still a high-risk experimental project with no guarantee of success. If you are a current user, you can continue "free mining," but avoid relying on it as a financial investment until an official announcement about full launch and institutional adoption is made. Currently, purchasing Pi Coin through unofficial channels is not recommended due to a lack of transparency and liquidity.