Pi Network Postpones Mainnet Launch Until Pi Coin Stabilizes at $10
Pi Network has delayed its full mainnet launch, now targeting a stable $10 price for its native Pi Coin before proceeding. Despite having Core infrastructure in place, the network currently lacks the capacity to support large-scale decentralized applications (DApps) and peer-to-peer (P2P) transactions effectively.
Frustrations are growing among users due to slow Know Your Customer (KYC) verifications, delayed wallet migrations, and unredeemed token rewards. Unofficial trading platforms have seen Pi Coin's price swing wildly between $3 and $0.40, highlighting significant volatility.
Crypto analyst Dr. Altcoin speculates that the Pi Core Team's cautious approach may be a strategic MOVE to ensure long-term project sustainability rather than rushing deployment. "The focus now is on achieving price discovery and stability," he remarked, pointing to the challenges of transitioning from technical readiness to real-world adoption.