파이코인 상장3 conditions for Pi Network mainnet launch
However, most of them are unable to use or convert their coins into fiat currency, much to their disappointment. This is because for the past two-plus years, Pi Network has remained a closed mainnet. An enclosed mainnet means that the network will function as expected, but can only be used by those in the ecosystem. Many of these holders have been mining their tokens for over 5 years.
Developers said they expect to launch the Pi Network mainnet later this year. But for this to happen, three things must happen. First, they need to get ahead of the KYC process, which has been in the works for several months.
We also want to make sure there are more good applications in the Pi Network ecosystem. This explains why they are running hackathons, attracting more developers to the network. The goal of this ecosystem is to create more utility for PiCoin.
Most importantly, Pi Coin listings will occur when the market supports it. This can often be seen in the IPO market, where companies go public when the stock market is good. The busiest period in the IPO market was during the pandemic, with most coins soaring.
There are two main reasons why Pi Network should consider listing its token now. First of all, it’s been over five years since developers launched the network. This means that many pioneers still open the app and mine.
Five years is a long time in the cryptocurrency industry. During this period, Bitcoin moved from $4,200 to $50,000. You are not alone, as other cryptocurrencies such as Sui, Cardano, and Avalanche have become industry giants during this time.
The longer the Pi Network remains on a closed mainnet, the worse it will affect the ecosystem as more people will continue to quit.
Another reason is that Bitcoin is in a strong cryptocurrency bull market, with the price soaring from $15,000 last year to over $50,000 currently. Additionally, the market capitalization of all cryptocurrencies has jumped to over $1.96 trillion, with analysts predicting this value will reach $3 trillion.
Therefore, if this listing takes place now, the price of PiCoin is likely to rise sharply. Moreover, most coins are showing strength.
The risk of waiting long is that we could see a cryptocurrency winter in the coming months. Crypto winter periods tend to occur after strong bullish periods.
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