Pi Network Price Prediction: What's Next for This New Cryptocurrency?

The launch of Pi Network’s mainnet has been postponed once again, according to an announcement from the developers on March 14. The launch was initially scheduled for March 14 at 14:00 UTC, but the developers stated that they needed more time to complete the KYC verification for the majority of users and build a sustainable ecosystem.

The announcement stated, “We understand that many of you have been eagerly awaiting the launch of Pi Network’s mainnet today. However, after careful consideration, we have decided to postpone the launch to allow more time for completing KYC verification for the vast majority of our users and for continuing to build a sustainable ecosystem.”

The developers added that they will continue to monitor the situation and announce a new launch date as soon as possible.

“We appreciate your patience and understanding as we work towards this important milestone,” the announcement concluded.

Pi Network is a mobile cryptocurrency mining platform that was launched in 2019. The platform allows users to mine Pi coins by clicking a button on their phone every 24 hours. The project has been met with skepticism from some members of the crypto community, who claim that it is a scam or that the coins have no value. However, the developers maintain that the project is legitimate and that the coins will eventually be listed on exchanges.