The Pi Network Open Mainnet is at last live, a major turning point in the path of the project following years of expectation. Pi Network, with its large user base, has been among the most discussed blockchain initiatives since its founding. Now that Pi Coin (PI) is formally open for outside trade, both fans and investors are keen to see how it does in the cutthroat bitcoin market.
The shift to Open Mainnet
At 08:00 AM UTC, the Open Mainnet went operational on February 20, 2025, therefore terminating the Enclosed Mainnet phase in effect since December 2021. With this move, users—known as Pioneers—can now freely sell their mined Pi coins on big exchanges, therefore turning Pi into a completely functional digital asset.
Pi Coin Listings: Tradeable Exchanges
Many top centralised exchanges (CEXs) have queued up to list Pi Coin, therefore facilitating worldwide trade. Among these are:
- GoodX
- bitget
- Bitute
- HX
- BitWare
But Binance has decided to list Pi Coin by means of a community vote, using a different strategy. The outcomes of this vote will be declared on February 27, 2025.
Market effect and price volatility
Pi Coin’s price has undergone notable swings since the Open Mainnet debut. Pi’s IoU (I Owe You) token being delisted by HTX helped to cause a price decline of more than 50%. Traders employed this IoU token in the times to wager on Pi’s worth prior to its public release.
Notwithstanding this setback, many experts remain hopeful as they think the coin’s listing on important markets would help to stabilise its value and boost liquidity.
Increasing Attractiveness and Acceptance
Search queries for Pi Network have soared in public interest recently; Google Trends indicates a score of 100, up from 26 in March 2024. This explosion records the growing project enthusiasm and confidence.
Apart from that, Pi Network’s mobile app averaged 110,000 daily installations and topped 110 million downloads overall. Over 540,000 new members of the network joined on February 17 alone, emphasising its unprecedented expansion.
Challenges and Future Plans
- Though the Open Mainnet launch is a significant accomplishment, Pi Network still has challenges including:
- Maintaining adherence to world financial rules presents challenges for regulations.
- Price stability is management of volatility when the cryptocurrency becomes marketable.
- It will assist to get listings on other special websites.
Having said that, Pi Network’s large user base and committed community provide it a competitive advantage in the cryptocurrency field.
Conclusions
The Open Mainnet publication by Pi Network marks a turning point in the crypto scene. With growing public awareness and more trade support, Pi Coin could become rather active. Investors should still be wary, though, as regulatory concerns and price swings develop.
For those who want to start with Pi Network, now is the time to keep educated and see how the market reacts in the coming weeks. source economictimes.indiatimes.com
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