Has the Pi Network Mainnet Launch Date Been Revealed?

Why Trust Techopedia Crypto

Pi Network has gained an immense following since the beta version was launched in 2018, followed by a testnet in March 2020. However, several years later, the Pi Network mainnet has yet to go live. While there is a tentative date for the second quarter of 2024, the community can only wait and see.

The Pi Network community has been eagerly anticipating the release of the Mainnet. Previously, multiple reports indicated that the Pi Network team planned to unveil a two-part roadmap

The first version was initially anticipated to launch in October, followed by the second version in December. However, the suggested release dates have come and gone, leaving the community waiting patiently once again.

Back in October, there was an update to the product roadmap designed to showcase the protocol’s products and programs, highlighting key achievements, ongoing projects, and planned future endeavors.

While the updated roadmap provided some insights, it failed to address the pressing question of the exact release date for the Pi Network Mainnet.

Meanwhile, a tentative date for the Pi Network Mainnet launch is the second quarter of 2024. The date comes from an article stating that the Pi Mainnet is poised to launch between March and June 2024, shared by the Pi ecosystem news channel (@PiNewsMedia).

Pi Network Roadmap Release – 1st version

This roadmap version will delve into the protocol’s past and current achievements for the products and projects within the ecosystem. In addition, the team hopes to capture the community’s attention with a transparent evaluation of how far the network has come and what should be expected shortly. This version release will cover the project’s history and help the community internalize the imminent milestones and possibilities.


Pi Network Roadmap Release – 2nd version

In the second version of the roadmap release, the Pi Network team will incorporate feedback from the community on the 1st version. The team is promising a more robust roadmap that will encompass future milestones on every product and program within the ecosystem.

A comprehensive view of the network’s undertakings ahead of the Open Mainnet release will also feature in the 2nd version. The Pi Core Team revealed that the second version of the roadmap will comprehensively expound on new features, product upgrades, terms and conditions, requirements, and other initiatives that must be accomplished before the Pi Network ushers in the Open Network phase.

Pi Network Brings on New Functionalities

The Pi Network core team has been bringing new functionalities to the project ahead of its much-anticipated launch. One of these recent developments is the introduction of PiFest, the project’s commerce event unveiled in early December. 

The primary goal of PiFest is to empower local businesses and merchants who have embraced Pi by facilitating their interaction with the vast community of Pioneers, the project said in an announcement

Furthermore, PiFest aims to allow Pioneers to explore and engage with local businesses in their respective regions that accept or utilize Pi.  

In addition to PiFest, the Pi Network has recently introduced a QR code feature in its mobile wallet app. This feature simplifies peer-to-peer and business transactions by allowing users to conveniently scan codes to send or request payments, eliminating the need to manually enter addresses.

Likewise, on May 30, the protocol unveiled the Fireside Forum, a Web3 social platform. The Fireside Forum integrates tokenomics into the core of social interactions, fostering authenticity, constructive conversations, and healthier online social interactions. 

How Big is Pi Network?

Pi Network’s popularity has grown tremendously in 2023, with followers on X (formerly Twitter) surpassing 2.6 million.

The project says it has over 25 million pioneers or people involved in mining the PI token.

A few exchanges have listed the Pi token with USDT and BUSD pairs, including HTX, BitMart, Biconomy Exchange, and SuperEX.

However, the Core Team maintains that the Pi Network has not been officially listed on exchanges and, therefore, “participating in unauthorized listings” could lead to losses.

When Does Pi Mainnet Launch?

The exact date of the mainnet release remains unknown despite the update on the product roadmap. An article appearing on Newspi, claiming to have updates from the Pi Network Core team, projects the mainnet release between March and June 2024.

Although the message in the article is, to an extent, cryptic, it highlights the importance of the mainnet, including the provision of “more services and functions, allowing more people to participate.”

The mainnet should ideally expand the capacity of the Pi Network such that it can handle more holders, cater to merchant and developer needs, and enhance the mainstream adoption of Pi.

Investors involved with the project have been waiting with bated breath for the launch of the mainnet, which promises them more Pi tokens. There are many ways in which network participants can grow their holdings, including mining, buying goods and services from merchants, and taking part in community-building initiatives.

The release of the mainnet should mark the beginning of a new era for protocol enthusiasts, but the longer the Core Team waits, the more anxious the community gets.

However, the long delay in Pi Network’s product launch suggests a competent team – unwilling to release a less-than-perfect product.

The Pi Network’s future lies in the Core Team’s hands, from which the community is anticipating achievable updates and timelines—and that starts with the release of the mainnet, or at least the announcement of the date of release.

The Bottom Line

Pi Network has gained an immense following since the beta version was launched in 2018, followed by a testnet in March 2020. Since the launch, the project has aimed to build a vibrant community with people embracing an alternative Bitcoin mining to earn coins, which would be sold once the network has been listed.

However, several years later, the Pi Network mainnet has yet to go live, while the Core team maintains that no official exchange listings have been announced. While there is a tentative date for the second quarter of 2024, the community can only wait and see.

Editorial note (December 7, 7 AM EST): This article was updated to include the latest developments surrounding Pi Network, such as Fireside Forum, PiFest, and a QR code feature.


Related Reading

Related Terms

John Isige
Crypto Writer
John Isige
Crypto Writer

John is a crypto expert and tech writer who covers the latest trends and developments in the digital asset and industry. He explores various topics such as data analysis, NFTs, DeFi, CeFi, the metaverse, technology trends like AI and Machine Learning with clarity and insight. He is passionate about informing and engaging his readers with his crypto news and and data backed views on tech trends and emerging technologies. With over half a decade of experience, John has contributed to leading media platforms including FXStreet, Business2Community, CoinGape, Vauld Insights, InsideBitcoins, Cryptonews and ErmoFi and others.