Pi Network 在主网上线后面临两大障碍，以下是我们的期待

Notcoin 价格在过去几周大幅下跌，市值蒸发超过 10 亿美元。 NOT 代币周五跌至 0.0091 美元的低点。

Notcoin price dropped sharply in the past few weeks, erasing over $1 billion in market value.

Notcoin 价格在过去几周大幅下跌，市值蒸发超过 10 亿美元。

The NOT token slipped to a low of $0.0091 on Friday, its lowest level since May 29th and by over 64% from its highest point on record.

周五，NOT 代币跌至 0.0091 美元的低点，为 5 月 29 日以来的最低水平，较历史最高点下跌超过 64%。

Notcoin price has lost momentum. The token, which is designed to be earned by people with Telegram, enjoyed strong demand in June, which saw it rise to a high of $0.030 on June 2nd. This was as Bitcoin was also rallying to a monthly high of $72,000.

Notcoin 价格已经失去动力。该代币旨在由 Telegram 的用户赚取，在 6 月份需求强劲，并于 6 月 2 日升至 0.030 美元的高位。与此同时，比特币也上涨至 72,000 美元的月度高点。

The token started losing momentum as Bitcoin also lost momentum and moved below $55,000 on Friday. As a result, Notcoin price dropped to a low of $0.0089 on Thursday. The token has now lost大部分 of its value since it launched in March.

随着比特币也失去动力并在周五跌破 55,000 美元，该代币开始失去动力。结果，Notcoin 价格周四跌至 0.0089 美元的低点。自三月份推出以来，该代币现已失去了大部分价值。

At its peak, Notcoin had a market cap of $1.3 billion, making it one of the top 120 cryptocurrencies in the world. However, the token’s market cap now stands at $80 million, which is a sharp decline from its all-time high.

在巅峰时期，Notcoin 的市值为 13 亿美元，使其成为全球 120 种加密货币之一。然而，该代币的市值目前为 8000 万美元，较历史高点大幅下跌。

Notcoin and Pi Network are different assets in the blockchain industry. Notcoin is a Telegram mini-application that lets people earn tokens by just tapping a button. Anyone with Telegram can use the app and earn tokens.

Notcoin 和 Pi Network 是区块链行业中不同的资产。 Notcoin 是一款 Telegram 迷你应用程序，人们只需点击按钮即可赚取代币。任何拥有 Telegram 的人都可以使用该应用程序并赚取代币。

Pi Network, on the other hand, is a Bitcoin rival that is similar to other proof-of-work tokens. Its main difference is that, unlike Bitcoin, anyone with a smartphone can install the app and start mining.

另一方面，Pi Network 是比特币的竞争对手，与其他工作量证明代币类似。它的主要区别在于，与比特币不同，任何拥有智能手机的人都可以安装该应用程序并开始挖矿。

The other difference is that Notcoin launched its aidrop in June, just a few months after launch while Pi Network has remained in an enclosed mainnet since December 2021.

另一个区别是，Notcoin 于 6 月推出了 aidrop，即推出后几个月，而 Pi Network 自 2021 年 12 月以来一直处于封闭的主网中。

While the two networks are different, they have two similarities. First, users press a button on the app to mine Notcoin and Pi Coins. Second, the miners’ goal is to ultimately convert the mined tokens into fiat currencies. In Notcoin’s case, many miners have either sold their tokens or held them as assets.

虽然这两个网络有所不同，但它们有两个相似之处。首先，用户按下应用程序上的按钮来挖掘 Notcoin 和 Pi 币。其次，矿工的目标是最终将开采的代币转换为法定货币。以Notcoin为例，许多矿工要么出售了他们的代币，要么将其作为资产持有。

Pi Network path to mainnet launch

Pi Network 主网启动路径

Pi Network is expected to launch its mainnet either in 2024 or in 2025. To do that, the developers are working on ensuring that most pioneers have been identified through the KYC process.

Pi Network 预计将于 2024 年或 2025 年推出其主网。为此，开发人员正在努力确保大多数先驱者已通过 KYC 流程识别。

In a statement last week, Pi Network said that it had already conducted the KYC process on 12 million people. This means that it has just 3 million users to verify to hit its 15 million target, a process that will take a few months.

Pi Network 在上周的一份声明中表示，它已经对 1200 万人进行了 KYC 流程。这意味着它只需验证 300 万用户即可达到 1500 万目标，这一过程将需要几个月的时间。

The developers also want to have at least 100 Pi applications, which will give it utility. Finally, they will launch the mainnet if market conditions allow.

开发人员还希望拥有至少 100 个 Pi 应用程序，这将赋予它实用性。最后，如果市场条件允许，他们将启动主网。

Therefore, the first lesson for Pi Network is that there is a likelihood that the Pi Coin will drop after launch as many pioneers sell. Besides, most of these pioneers have been actively mining the token for over five years.

因此，Pi Network 的第一个教训是，Pi 币在推出后可能会因为许多先驱者的抛售而下跌。此外，这些先驱者中的大多数已经积极开采代币五年多了。

This price action has happened in other tokens. For example, move-to-earn tokens like Sweatcoin (SWEAT) and StepN (GMT) initially jumped and then retreated. The two have dropped by over 90% from their all-time high.

这种价格行为也发生在其他代币中。例如，像 Sweatcoin (SWEAT) 和 StepN (GMT) 这样的移动赚取代币最初上涨，然后回落。两者较历史最高点下跌了 90% 以上。

Second, there is a possibility that the Pi Coin will have a close correlation with Bitcoin and other altcoins. Notcoin token rose to a record high of $0.030 on June 2nd as Bitcoin was rallying to the monthly high of $72,000.

其次，Pi币有可能与比特币和其他山寨币有密切的相关性。随着比特币反弹至月度高点 72,000 美元，Notcoin 代币于 6 月 2 日升至 0.030 美元的历史新高。