Pi network price in india live:The big news is that Pi Network has doubled its Mainnet migration speed.
Pi network price in india live
The big news is that Pi Network has doubled its Mainnet migration speed.
The Pi Network has brought good news for its users
Pi Network has been making headlines in the cryptocurrency market these days, with the main reason behind it being the buzz among people regarding the price of this token.
It is believed that with the launch of the Mainnet, the price of Pi Coin could reach $0.4. This prediction has significantly increased the popularity of Pi among users. However, another piece of good news related to the Pi Network has emerged, according to which the team associated with Pi Network has successfully doubled the
migration speed through necessary optimizations. This technical speed upgrade includes changes in algorithms, processes, and interactions to make the entire migration workflow more seamless and efficient. It is purported that tasks on the network will now be completed in seconds instead of minutes. According to information, this change is so effective that Pi Network can now migrate pioneers rapidly compared to the daily rate of new migration requests. It is hoped that with this update, Pi will be successful in surpassing its previous monthly user addition record.
Users are eagerly awaiting the launch of Pi Network’s Mainnet.
In 2019, academics Nicolas Kokkalis and Chengdiao Fan from Stanford University launched the Pi Network application, and the number of users has been increasing daily. Users of this network are hoping that as the Pi Network goes live, they will see a significant increase in the value of the coins they have mined. However, the network team had announced the launch of Mainnet on June 28th. But recently, there have been no new updates from the network team, nor have users received any
information indicating what efforts the team is making regarding Mainnet. In the meantime, several rumors have surfaced, leading to dissatisfaction among Pi users, including increasing cases of fraud in the name of the network, false news about Elon Musk joining Pi, and more. However, the biggest news that shook people’s trust in Pi was when Pi’s founder, Nicolas Kokkalis, suddenly disappeared, a news that spread on social media. People were even more surprised when the Pi team did not officially comment on this. Currently, Pi Network users are waiting for the launch date of Mainnet and hoping that it is not a scam.
Users are losing confidence in Pi, the reason being the delay in Mainnet launch.
The launch of the Pi Network may be delayed.
The crypto world is eagerly awaiting the launch of Pi Network’s Mainnet, scheduled for June 28th. However, there are now significant rumors in the market that the announced date for the Pi Network Mainnet will not go live. This has left users worldwide quite upset, with many labeling the project as a scam. Users are so bored with the ongoing delay in the launch of this project that they have completely lost trust in Pi. Users have accepted that it was merely a scam, which was run for downloading an
application and using it as much as possible. However, the Pi Network team has not yet made any statement on this matter. But the current atmosphere suggests that the launch of the Pi Network Mainnet could be delayed or may never happen at all. As a result, there is a lot of anger among Pi holders, which they are expressing through social media platforms. Meanwhile, the community of this token is still showing support for Pi. Additionally, the prolonged inactivity of Pi Network’s founder, Dr. Nicolas Kokkalis, is also increasing concerns among Pi holders.
Until now, what events have occurred related to the Pi Network?
Since 2019, Pi Network has been present as a testnet, launched by academics Nicolas Kokkalis and Chengdiao Fan of Stanford University. The network gained significant popularity among users as a testnet. People started downloading its application and began mining it. Soon, a large number of people joined and the project gained momentum. However, after 2023, Pi took popularity to another level by focusing on launching Network Mainnet and releasing several features. These features included Pi Developers Resources, a new testnet ecosystem interface, and other ecosystem programs. In the same year, the platform also launched Pi Open Source (PiOS) software license.
Gradually, the Pi team worked towards improving its ecosystem and updating its application to reach more users. By 2024, Pi strengthened its user base and built a large community. In April 2024, the Pi team announced the launch date of its Network Mainnet, set for June 28th. Shortly after, Pi announced reaching the milestone of 10 million user KYC verifications, which sparked enthusiasm among users.
However, as cases of social scams related to Pi Coin emerged, users became increasingly disappointed. Meanwhile, rumors of Elon Musk’s involvement with the project circulated, but when news spread that Pi Network’s founder, Dr. Nicolas Kokkalis, had been inactive for a long time, it gave rise to speculation about his well-being, further fueling panic among Pi holders. Overall, holders are now eagerly awaiting the launch of Pi Network’s Mainnet.
What makes Pi unique?
Pi Network is like a combination of a digital currency, an app, and a multi-level marketing (MLM) scheme.
The hook for Pi is that you can mine it on your phone. Other cryptocurrencies that use mining, most notably Bitcoin (BTC 2.54%), require much more processing power, so most miners use specialized devices.
Pi is mined in the Pi Network app, and the mining process only requires that you tap a button on your phone every 24 hours. It’s technically not crypto mining since there’s no mining going on. You’re not verifying transactions, at least at the current stage of development. In reality, you’re receiving PI coin vouchers for using the app once per day and proving you’re not a robot.
| Aspect | Status |
|---|---|
| Availability | Available for download and use |
| User Base | Growing steadily |
| Regulatory | Monitoring regulatory developments closely |
| Acceptance | Some skepticism; mixed opinions among users |
| Growth Rate | Increasing interest and adoption |
| Community | Active community engagement |
| Partnerships | Expanding partnerships with Indian businesses |
| Future Outlook | Potential for further growth and integration |
To sign up in the app, you need an invitation code from a member. Pi Network uses a referral system where you earn more coins based on the number of people who register with your invitation code.
Your Pi is stored in the app. You can’t withdraw it, sell it, or exchange it for other cryptocurrencies. According to the Pi Network website, you’ll be able to do all that in the third phase of its roadmap when the mainnet launches, although there’s no estimated launch date.
Read More:-Stock Market : How might the market trends be on 3rd July?
