$BTC

Despite the huge buzz surrounding the Pi Network project since its launch, and the optimistic predictions some have made about the future of the currency, many users have begun to ask: Why hasn't the price of Pi risen yet? What are the reasons delaying its launch in the open market?

In this article, we discuss the main reasons behind this delay and shed light on the current reality of the project.

1. Incomplete launch on the Mainnet

As of the time of writing this article, the currency has not been fully launched on the open Mainnet; it is still in the "closed Mainnet" phase, which means that the currency is not freely traded on major platforms, and the prices being traded are unofficial or limited to experimental platforms.

2. Lack of liquidity and actual trading

Due to Pi not being officially listed on major trading platforms like Binance or Coinbase, the real supply and demand have not yet been tested. This directly affects the absence of an actual market price that can move up or down.

3. Focus on building before pricing

The Pi Network project promotes itself as a long-term project aimed at building a community and integrated digital economy before thinking about price or speculation. Therefore, the network is working on developing internal applications and services before allowing full trading.